Australia's Suvo Strategic Minerals sees best day in 3-mths on new contracts

Green360 Technologies

14/11/2022 03:19

** Suvo Strategic Minerals's shares  SUV.AX  up 10.6% at
A$0.052, on track for best day since Aug. 12, if gains hold
    ** Hydrous kaolin producer says has signed take-or-pay
offtake agreement with Chaozhou Chengcheng Industrial for about
A$3.25 million ($2.17 mln) to A$3.50 mln  urn:newsml:reuters.com:*:nASX9lbtfn
    ** Says agreement covers minimum order quantity of 4,275
tonnes of hydrous kaolin over three years
    ** Says also signed supply contract with C&D Logistics Group
for delivery of 80 tonnes of Pittong hydrous kaolin product
    ** Over 1.4 mln SUV shares trades vs 30-day avg of ~301k
    ** Sessions gains cuts YTD losses to 58.4%
 
 ($1 = A$1.4948)
 (Reporting by John Biju in Bengaluru)
 ((John.Biju@thomsonreuters.com;))