Trevali Signs Deal with Glencore for Peruvian Project

9 September 2010 (Last Updated September 9th, 2010 18:30)

Trevali Resources has signed an agreement with Glencore for the development and operation of the Santander zinc-lead-silver mine project in Peru. Under the contract, Glencore will provide, construct and operate a modern, efficient, 2,000tpd mill and flotation plant as a part of the mine

Trevali Resources has signed an agreement with Glencore for the development and operation of the Santander zinc-lead-silver mine project in Peru.

Under the contract, Glencore will provide, construct and operate a modern, efficient, 2,000tpd mill and flotation plant as a part of the mine development.

Glencore will also provide project management and operational expertise in order to design, develop and operate the mine using an anticipated combination of open-pit and underground mining techniques.

Trevali has also secured a life-of-mine concentrate off-take agreement whereby Glencore will buy 100% of the Santander mine production at benchmark terms.