Mandalay Resources Corporation is pleased to announce that it has signed a 12 month extension to its concentrate off-take agreement with Zhongnan Antimony and Tungsten Trading Company for all antimony-gold concentrate produced at its recently acquired (see news release dated December 1, 2009) Costerfield mine in Australia.
Because of the short supply of antimony production, these days, Chinese domestic antimony prices jumped a lot.
At present, antimony price is relatively low now.
Hunan Nonferrous Metals Corp Ltd has halted operations at a 10,000-tonne-per-year antimony mine shaft while it investigates why two mine cages fell on Thursday, killing 26 people and injuring five.
