20
Nov
21:17
New Millennium completes sale of wharf handling capacity
Canada’s New Millennium Iron Corp (NML) tells Kallanish that it has finalised a transaction to offload some of its wharf capacity at Sept-Îles port.
Under the previously-announced deal, NML has sold 6.5 million tonnes out of its previous 15mt capacity to Tacora Resources Inc. This includes the associated rights and obligations, shipping rates and other terms in the July 2012 contract, NML says.
Total cash consideration of $4 million was paid to NM…
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