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AUSTRALIA'S OXIANA, RIO TINTO SIGN CONTRACT WITH OUTOKUMPU.

AsiaPulse News

| October 01, 2003 | COPYRIGHT 2003 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

MELBOURNE, Oct 1 Asia Pulse - Oxiana Ltd (ASX:OXR) today said its Khanong copper joint venture with Rio Tinto Ltd had signed off on a long term off-take contract with the Outokumpu Group of Finland.

The contract provides for the full 60,000 tonnes a year of copper for up to 10 years.

Oxiana said the Khanong project, in Laos, was on schedule to start commercial production of copper in 2005.

The Perth-based miner said an agreement was also signed with Outokumpu for the provision of the complete solvent extraction / electrowinning (SX/EW) technology package.

Oxiana said control budget estimates for the project had been finalised and an agreement reached with the Laos ...

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