CAPITAL MARKETS

Condor secures iron ore off-take

CONDOR Blanco Mines saw its shares surge as much as 66% today on news it expects substantial cashflows from a newly signed iron ore off-take with a Hong Kong investor and trading group.

Justin Niessner
Condor secures iron ore off-take

Under the binding agreement, Jiangxi Resources will buy iron ore from Condor’s Marianas Tailings project in Chile for $US55 ($A60.77) per tonne, with the price annually adjusted based on the Platts Iron...

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