Tag: SK Networks Co Ltd
Consolidated Thompson and SK ink pact
Consolidated Thompson Iron Mines Ltd has entered into an Offtake Agreement and a Credit Agreement with SK Networks Co Ltd, a subsidiary of the third largest Korean conglomerate, SK Group. Pursuant to the Offtake Agreement, SKN has committed to purchase annually, for a ten year term, at fair market value and on commercially reasonable terms, 1 million tonnes of iron ore concentrate from CLM's Bloom Lake mine.