Mondo secures Slovak talc supply deal

摘要

FINLAND'S TALC PRODUCER Mondo Minerals BV has agreed to buy a minimum of 60,000 tpa crude talc for ten years from Rozmin sro of Slovakia, subsidiary of EuroGas GmbH, in turn a subsidiary of Ukrainian oil and gas company EuroGas Inc. Mondo Minerals, the world's second largest talc producer, is seeking to use this deal to "solidify its position as on of the leading talc providers and talc refiners", using the extra supply to feed its downstream production plants. Mondo Minerals has been granted a right of first refusal to acquire Rozmin in the event that EuroGas opts to sell a 51 percent or greater interest in Rozmin. The deal also grants Mondo Minerals an option to extend the agreement by an additional 10 year term.