ASX Release – 15 June 2012
- First shipment of MHM's AL80 product receives final clearance from destination port customs authorities, and is en route to the end user
- MHM and Bandfield have executed an AL80 supply contract for all Australian produced material
- Second shipment of AL80 expected to depart Geelong by end June 2012
- Letter of intent executed between MHM and Bandfield for the offtake of all AL80 produced in the United States
- Both contracts provide that Bandfield can only secure AL80 and aluminium oxide based products from MHM or subsidiaries
The development of high volume markets for the offtake of AL80 by MHM is of major significance to the global secondary aluminium industry. Finding commercial uses for aluminium oxide has been the largest inhibitor to economic recycling of salt cake and black dross.
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