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Japan firm agrees to terms for Minto copper

 

Last updated 6/22/2018 at 4:19am

Pembridge Resources copper mine Yukon, Skagway Ore Terminal, AIDEA

Capstone Mining Corp.

During the summer months, copper concentrates from the Minto Mine are barged across the Yukon River. An ice bridge is constructed to deliver these concentrates over the winter.

Pembridge Resources plc June 11 announced that it has signed a terms agreement with a leading global Japanese trading house that will provide the England-based company US$30 million in exchange for an offtake agreement for 125,000 metric tons of copper concentrate to be produced at the Minto Mine in the Yukon.

In February, Pembridge cut a deal with Capstone Mining Corp. to acquire Minto for US...



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