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STP Stalprodukt SA News Story

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Brief: Stalprodukt Unit Signs Zinc-Lead Ore Supply Contract With Ocean Partners UK Limited

Nov 27 (Reuters) - Stalprodukt SA STP.WA:

UNIT SIGNS ZINC-LEAD ORE SUPPLY CONTRACT WITH OCEAN PARTNERS UK LIMITED

UNDER CONTRACT COMPANY TO RECEIVE IN TOTAL 1.5 MILLION WMT OF ORE

ANNUAL VALUE OF PURCHASED ORE ESTIMATED AT AROUND $55 MILLION BASED ON CURRENT PRICES

PURCHASE OF ORE IN SPECIFIED QUANTITY WILL ENABLE PRODUCTION OF ABOUT 43,000 TONNES OF SULPHIDE CONCENTRATES PER YEAR FOR ZINC PRODUCTION AT EXISTING PLANT

CONCLUSION OF DEAL, IF EFFECTIVELY IMPLEMENTED, WILL SECURE SUPPLY OF ZINC CONCENTRATE IN AMOUNT SUFFICIENT TO MEET ABOUT 45% OF COMPANY'S DEMAND FOR SULPHIDE CONCENTRATE

UNIT ZGH BOLESLAW TO INCUR 37 MILLION ZLOTY IN CAPITAL EXPENDITURE RELATED TO CONTRACT IMPLEMENTATION

Source text: ID:nEM7x1htHa

Further company coverage: STP.WA

 (Reporting by Gdansk Newsroom)

 ((gdansk.newsroom@thomsonreuters.com; +48 58 769 66 00;))

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