InterGroup Mining Ltd is pleased to announce the signing of an offtake agreement with the Traxys Group (www.traxys.com) for the marketing and distribution of kaolin and metakaolin products produced at its Brumby Project in northern Queensland, Australia.
Traxys’ CEO, Mark Kristoff, has expressed his delight at the development:
“We are ecstatic to have reached an agreement with InterGroup and to be able to take advantage of the opportunity it presents.” Our Industrial Minerals group has been involved in similar projects as Traxys and InterGroup. We’ve been trading commodities on a global scale for over 20 years, and this agreement allows us to continue doing so into these new fields. Kaolin has a market worth more than $4 billion dollars per year.
As kaolin and metakaolin play a critical role in the decarbonisation of the cement and construction sectors, we expect this to grow rapidly. The Brumby project’s size provides the foundation for the two companies to be a significant longer-term market player.”
InterGroup Chairman Neil Miller had this to say:
“We are ecstatic to have reached this important agreement with Traxys – an agreement that will help us achieve our goals reflects a strong working relationship between each team and allows us to access Traxys’ extensive knowledge base Competence and experience in industrial mineral marketing. We are looking forward to a long and fruitful relationship.
IGM is able to fully unlock the potential of Brumby kaolin and metakaolin as a result of this productive relationship within these products’ rapidly developing markets.”
In the metals and natural resources sectors, Traxys is a physical commodity trader and merchant. Logistics, marketing, distribution, supply chain management, and trading are all handled by the company. It employs over 450 people in over 20 offices around the world, and its annual revenue exceeds USD 7 billion.
Traxys is a sourcing, trading, marketing, and distribution company based in Luxembourg. Nonferrous metals, ferroalloys, minerals, industrial raw materials, and energy are all examples of non-ferrous metals. The company caters to a wide range of clients.
The company serves a large number of industrial clients and provides a full range of commercial and financial services. Traxys is a privately held company owned by Traxys’ management team and The Carlyle Group (NASDAQ: CLY) (NYSE: CLY) CG), as well as affiliates of Louis M. Bacon, the founder of Moore Capital Management, LP, and Moore Capital Management, LP, and Moore Capital Management, LP, and Moore Capital Management, LP, and Moore Capital Management, LP, Mr. Bacon’s private investment firm, Strategic Ventures, LLC.
InterGroup Mining Limited
InterGroup Mining Limited is an Australian company that specialises in mineral exploration and extraction. It is critical to achieve a net-zero-emissions world. Its current focus is on the development of a major high-quality kaolin and gold project in NE Queensland, Australia, about 250 kilometres north of Brisbane.
from Townsville’s major seaport, west of Charters Towers, and immediately north of the goldfields Pentland’s bearing district Please visit www.igmining.com for more information.