Strategic and Precious Metals Processing (SPMP) has signed a multi-year agreement with Traxys Europe, a physical commodity trader and merchant in the metals and natural resources sectors based in Luxembourg, for the supply of antimony gold concentrates to its Oman Antimony Roaster, now under construction in the free zone of the Port of Sohar.
SPMP is a minerals processing company in the Sohar free zone engaged in the construction of a modern and environmentally compliant antimony roaster and processing facility with the ability to recover gold.
As per the pact, SPMP will get access to the global expertise provided by Traxys on minor metal concentrate sourcing and supply chain logistics management.
Emin Eyi, the chief executive of SPMP, said this was an important milestone for the company; the global reach and expertise of Traxys brings considerable value and further derisking to its project.
“Work has already commenced with the Traxys team in identifying and approaching major suppliers of antimony and antimony gold concentrates at a time when some 50 per cent of China’s antimony smelters are shuttered pending environmental concerns,” he noted. Antimony is a critical metal used in a wide variety of industrial, electronic and plastics sectors. Supply has been dominated by China for a number of decades. Major economies of Europe, US and Japan are almost entirely import dependent on China for this critical and scarce element.
Alan Docter, the chairman of Traxys, said that it was delighted to partner with SPMP and looked forward to contributing its deep industry experience to this strategically placed and timed project.
“The project is planned to produce over 20,000 tonnes of antimony products per annum and recover over 50,000 ounces of associated gold,” he said.