Australia's Red River Resources secured a copper concentrate offtake deal with Glencore 

International, which will last for three years from the upcoming commencement of commer

cial production at its Thalanga zinc, copper  mine in  central Queensland,  the   miner said 

Tuesday. 

Glencore will take delivery of the copper concentrate at the Thalanga mine gate. 

"Being able to deliver concentrate at the mine gate to Glencore is very advantageous to bo

th companies, showing the culmination of a highly competitive copper  concentrate  offtake 

process that  commenced  at the end of 2016, "  Red  River said in a filing to the Australian 

Securities Exchange. 

Red River is also close to finalizing offtake agreements for the lead  and zinc  concentrate 

streams, the company said. 

Red River is to restart commercial concentrate production at its 650,000 mt/year Thalanga 

zinc  project  by  the fourth quarter,  and  is  planning  a utilization rate of 300,000-400,000 

mt/year, the miner said. 

Its refurbishment program is scheduled to be completed by Q3, with estimated production 

restart in Q4. 

The Thalanga mine  was  placed on  active care  and  maintenance by  Australia's Kagara 

Limited in 2012. Red River in 2014 acquired the Thalanga operations from Kagara, and in 

late 2015 released a study on the viability of resuming commercial production.