New Century Resources, one of the world's largest zinc producers, recently shipped the first batch of 10000 tons of zinc concentrate from the Queensland port of Karumba to the MV Wunma mine to one of China's largest smelting groups after the resumption of the Century Zinc Mine in September.
The second shipment of 10000 tons of debug grade concentrate is expected to be shipped to China in January 2019, which will generate forward sales revenue of US $15.3 million.
Patrick Volta, managing director of New Century Resources, said it was a milestone for the company and represented an incredible achievement for the entire New Century team. The delivery of the concentrate 15 months after the listing is a testament to the strong dedication and culture within the company.
The project has a capacity of 8 million tons per year and is scheduled to grow to 15 million tons per year in the second phase. The target is scheduled to be implemented in the fourth quarter of 2019.
The concentrate was transported to the port of Karumba through a 304km pipeline developed by the company.
It was shut down by former owner MMG in early 2016.
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