Kennedy Ventures PLC Press speculation (7271F)
2015年11月14日 - 12:14AM
RNSを含む英国規制内ニュース (英語)
TIDMKENV
RNS Number : 7271F
Kennedy Ventures PLC
13 November 2015
13(th) November 2015
Kennedy Ventures plc
("Kennedy Ventures" or "the Company")
Press speculation
On 1 July 2015, Kennedy Ventures plc, which is focused on
tantalite production in Namibia through its 75% holding in African
Tantalum (Pty) Limited ("Aftan") announced the completion of a long
term offtake agreement (the "Offtake Agreement") between Aftan and
a major leading manufacturer of electronic components (the
"Offtaker") under which the Offtaker had agreed to take the full
production from Aftan under a long term offtake agreement, at
prices in line with the market.
Following recent press coverage, the Company can confirm that
the commentary in relation to pricing does not accurately reflect
the terms of the Offtake Agreement. Furthermore the confidentiality
provisions contained in the Offtake Agreement prevent any further
disclosure of the details of the agreement.
ENDS
For further information, please contact:
Kennedy Ventures plc 020 3757 4983
Peter Hibberd c/o Billy Clegg
Cenkos Securities (Nominated
Adviser and Joint Broker) 0131 220 6939
Derrick Lee / Nick Tulloch
Shore Capital (Joint Broker) 020 7408 4090
Mark Percy / Toby Gibbs (corporate
finance)
Jerry Keen (corporate broking)
Peterhouse Corporate Finance
(Joint Broker)
Duncan Vasey 020 7469 0935
Camarco
Billy Clegg / Georgia Mann
/ Tom Huddart 020 3757 6983
Notes to editors
Tantalite concentrates form the vast majority of feedstock for
all tantalum products. As such they are critical and unreplaceable
parts of a wide range of modern electronics including computers,
tablets, mobile phones, motor components and video game
systems.
Aside from electronics, tantalum has significant usage in super
alloys, specialised steels, corrosion resistant equipment and
medicine.
Tantalum's applications are based on its unique physio -
chemical properties. The oxides and metal have extremely high
melting points, high heat conductivity and strong resistance to
corrosive environments. Combined, these factors have entrenched its
international demand and made it an important component of numerous
research projects and new technologies.
Trade pricing is following tantalum markets as per Asian Metals
and Metal Pages.
In August 2012, the US Securities and Exchange Commission
adopted a rule mandated by the Dodd-Frank Wall Street Reform and
Consumer Protection Act to require companies reporting to the SEC
to publicly disclose the origins of the tantalum they buy in order
to restrict the use of conflict minerals that originated in the
Democratic Republic of the Congo or an adjoining country. As a
result, users of tantalum are encouraged to demonstrate that their
supply chain is transparent to ensure that conflict-free tantalum
is procured.
It is intended that the tantalum produced by Aftan will be
conflict-free.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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November 13, 2015 10:14 ET (15:14 GMT)
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