Australia's Hot Chili climbs on copper offtake agreement with Glencore
03/03/2022 24:50
** Shares of mineral explorer Hot Chili Ltd HCH.AX climb
as much as 16.85% to A$1.595, mark their biggest intraday
percentage gain since Aug. 6, 2021
** Co announces the execution of offtake agreement with
Glencore GLEN.L for future copper concentrate production from
the co's Costa Fuego copper-gold project in Chile urn:newsml:reuters.com:*:nASX7bDcjF
** Says offtake agreement covers 60% of copper concentrate
from Costa Fuego for 8 years from start of commercial production
** Shares hit their highest since Feb. 9
** As of last close, stock down 22% this year
(Reporting by Himanshi Akhand in Bengaluru)
((Himanshi.Akhand@thomsonreuters.com;))
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