Total
0
Shares
Suvo Strategic Minerals (ASX:SUV) - Executive Chairman, Robert Martin
Executive Chairman, Robert Martin
Source: The Market Herald
Market Herald logo

Subscribe

Be the first with the news that moves the market
  • Suvo Strategic Minerals (SUV) has executed agency and distribution agreements with French industrial minerals supplier, Imerys S.A.
  • The agreements have a two-year term, and will cover all products mined, manufactured, and exported by Suvo’s Pittong hydrous kaolin operations
  • Under the distribution agreement, Imerys will buy products from the Pittong operations, for its own international clients
  • Via the agency agreement, Imerys will act as an agent to directly sell kaolin products to Pittong’s offshore/export customers
  • Suvo Strategic Minerals is up 3.45 per cent and trading at 15 cents per share

Suvo Strategic Minerals (SUV) has executed agency and distribution agreements with French industrial minerals supplier, Imerys S.A.

The agreements were executed by Suvo’s recently acquired subsidiary, Suvo Minerals Australia, along with entities within the Imerys group. 

Both the distribution and agency agreements have two-year terms and will cover all products mined, manufactured, and exported from Suvo’s Pittong hydrous kaolin operations. However, the agreements are non-exclusive, and will allow Suvo to continue marketing its products to other clients globally, through its own distribution channels. 

Kaolin is soft white clay which is used to manufacture china, porcelain, and often added to paper, rubber, paint, and other products. Demand for hydrous kaolin products from Pitton have now returned to pre-COVID levels, prompting the agreements between Suvo and Imerys.

Under the distribution agreement, Imerys will purchase products from the Pittong operations, to resell to its own existing international network of clients and customers. Via the agency agreement, Imerys will act as an agent to directly sell kaolin products to Pittong’s offshore/export customers and will be entitled to a commission for those sales.

Suvo’s Executive Chairman, Robert Martin, said the company is pleased to formally enter into agreements with one of the world’s largest industrial mineral suppliers, with a footprint covering the entire globe. 

“It makes perfect sense to use that footprint to help market our products,” he said.

“Imerys was extremely professional and cooperative to deal with during the purchase of their Pittong operations and we hope to continue to develop that relationship with them moving forward with these agreements,” he added.

Suvo Strategic Minerals is up 3.45 per cent, trading at 15 cents per share at 12:31 pm AEDT.

SUV by the numbers
More From The Market Herald
Renegade Exploration (ASX:RNX) -Chairman, Robert Kirtlan

" Renegade Exploration (ASX:RNX) enters JV agreement with Burke Copper

Renegade Exploration (RNX) has entered a joint venture transaction with Burke Copper.
Biogene Technology (ASX:BGT) - CEO, Richard Jagger

" Bio-Gene Technology (ASX:BGT) signs research deal with University of Florida

Bio-Gene Technology (BGT) has signed a research agreement with the University of Florida, advancing its program to phase two.
Greenland Minerals (ASX:GGG) - Former Managing Director, John Mair

" Greenland Minerals (ASX:GGG) appoints new managing director following uranium ban

Greenland Minerals (GGG) has appointed a new managing director, Daniel Mamadou, following Greenland’s recent ban on uranium.

" Kuniko (ASX:KNI) identifies new drill targets following assays

Kuniko (KNI) has announced its first geochemical soil sample assays from the Skuterud cobalt project in Norway have provided encouraging results.