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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 ...