Strike Resources to ship iron ore from Peru to China amid high demand

Strike Resources (SRK) has signed a two-year offtake agreement with an international iron-ore trading firm for iron ore mined from its Apurimac Iron Ore Project in Peru. The agreement includes a $2 million prepayment facility to fund the first ore shipment. The offtake agreement has been entered by Strike’s Peruvian subsidiary company and Good Importing International, an international iron ore trading company currently involved in iron ore offtake into China from various countries including Australia, Russia and South Africa.

Source: The Market Herald