Queensland, London, Luxembourg – April 19, 2022
InterGroup Mining Limited (“InterGroup” or “Company”) InterGroup Mining Ltd is happy 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.
“We are delighted to have entered into the agreement with InterGroup and about the possibility it creates for Traxys and Inter Group,” stated Mark Kristoff, CEO of Traxys.
Our Industrial Minerals group has been involved in comparable commodities on a worldwide scale for more than 20 years, and this partnership allows us to bring that expertise to these emerging markets. The established market for kaolin is currently over $4bn of sales per annum and we expect this to grow rapidly as kaolin and metakaolin play a critical role in the decarbonisation of the cement and construction sectors. The scale of the Brumby project provides the platform for the two companies to be a significant longer-term market participant.” Neil Miller, Chairman of InterGroup, commented:”We are thrilled to have reached this major agreement with Traxys – an arrangement that shows a strong working relationship between the two teams and allows us to benefit from Traxys’ extensive expertise and experience in the marketing of industrial minerals.” We anticipate a long and fruitful partnership that will enable InterGroup to fully realise the potential of Brumby kaolin and metakaolin in the constantly growing markets for these materials.
” About Traxys Traxys are a physical commodity trader and merchant in the metals and natural resources sectors. Over 450 employees work in over 20 offices from across the world to handle logistics, marketing, distribution, supply chain management, and trading. The company’s yearly turnover exceeds USD 7 billion.Traxys is a non-ferrous metals, ferro-alloys, minerals, industrial raw materials, and energy sourcing, trading, marketing, and distribution company based in Luxembourg. The Group provides a wide suite of commercial and financial services to a diverse group of industrial customers.
The Carlyle Group (NASDAQ: CG) and affiliates of Louis M. Bacon, the creator of Moore Capital Management, LP, and Murphy Strategy Ventures, LLC, Mr Bacon’s privately held investment business, hold Traxys, a privately held corporation.
Regarding InterGroup InterGroup Mining Limited is an Australian corporation dedicated to discovering and exploiting minerals that really are critical to achieving net-zero emissions. Its current focus is on developing a major high-quality kaolin and gold project located in N Queensland, Australia, approximately 250 kilometres from the major seaport of Townsville, Charters Towers is located just north of the Pentland gold-mining area.
InterGroup has some more information. email@example.com Neil Miller (Non-Executive Chairman) Traxys De Landtsheer, William William.DeLandtsheer@traxys.com