Meridian Mining Signs 20,000 Tonnes Sales Contract

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[{"type":"text","content":"\n\n\n\nMeridian Mining Signs 20,000 Tonnes Sales Contract\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\n\nCanada NewsWire\nVANCOUVER, June 21, 2017\n\n\n\nVANCOUVER, June 21, 2017 /CNW/ - Meridian Mining S.E. (TSX V: MNO) (\"Meridian\" or the \"Company\"), today announced it has signed a contract for the sale of 20,000 tonnes of high-grade manganese to an international customer from its project in Rondônia, Brazil. \n\n\"The sale marks an important milestone for Meridian, and represents approximately one-third of our estimated production for 2017,\" said Anthony Julien, President and CEO of Meridian Mining.  \"With commissioning of our pilot plant expected in the coming weeks, we are well on the way to growing production capacity to 50,000 tonnes per annum, helping us to better address the growing global demand for high-grade manganese.\" \n\nThe sales contract will consist of two shipments to be completed before year-end 2017.  The first is for 10,000 tonnes to be delivered in September. The second is expected in December.   Given that Meridian's product is high grade, it will be priced at a premium to benchmark.   At May 20th 2017, the benchmark price for manganese was USD $5.76 per tonne (US$ / Price 44% Mn CIF Tianjin – Metal Bulletin).\n\nHigh-grade manganese has a number of applications beyond steel production, including the manufacture of batteries and use as a fertilizer. \n\nWith the new contract, Meridian's sales orders for 2017 are 18,799 tonnes sold and delivered and 32,463 tonnes committed.  \n\nABOUT MERIDIANMeridian Mining S.E. is focused on the acquisition, exploration, development and mining activities in Brazil. The Company is currently focused on exploring and developing the Jaburi manganese and gold projects, the Bom Futuro tin JV area, and adjacent areas in the state of Rondônia. The Company employs a two-pronged strategy with the objective of growing pilot production while advancing a parallel multi-commodity regional exploration program. Meridian is currently producing high grade manganese at i...

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