Kennedy Ventures Secures Tantalum Offtake Agreement.

London South East reported that Kennedy Ventures (LSE:KENV) has secured a long-term offtake agreement between its subsidiary, African Tantalum Pty Ltd., and a leading electronic components manufacturer.
As quoted in the press release:

The unnamed manufacturer has agreed to take the full production from the African Tantalum Tantalite Valley Mine in Namibia, with prices in line with current market levels, Kennedy said.

Kennedy chief executive, Peter Hibberd, said:

This is a significant step forward in the realization of creating a Namibian based producer of tantalite and products. With operations at the mine due to re-start shortly, we are pleased to have reached a supply agreement with a true market leader in this field.

Click here to read the full article from London South East.