July 2, 2010 - East African-focused Gulf Resources has reported that the first shipment of product has been dispatched from the East African Vermiculite Project (EAV) mine in Uganda to the Port of Mombasa in Kenya, on route to the company's European client base via its UK based vermiculite distributor, Dupr Minerals Limited.
This follows the recent commencement of vermiculite production at the vermiculite project. Shipping of the vermiculite will now continue on a regular basis as Gulf moves to meet its projected production profile of up to 15,000 - 18,000 tonnes in the next 12 months.
Dupr , a wholly owned subsidiary of London listed Goodwin Plc, is a leading player in the world vermiculite market.
Under the terms of the recently signed and announced ten year sales and distribution offtake agreement, Gulf is to supply a minimum of 8,000 tonnes of product in year one.
Scott Reid, chairman, said "as part of our plan to become a leading vermiculite producer, we are delighted to announce that we have commenced distribution of our product to our offtake partners, Dupr Minerals, for their European client base only one month after the successful recommissioning of the plant."
"Recently we addressed the annual Vermiculite Association conference in Stockholm and the very positive feedback on our product by the industry supports our intention to ramp up production levels at the plant and initiate planning for our expansion programme."
Gulf's primary project is the East African Vermiculite Project which was acquired in May 2009 from Rio Tinto. The EAV commenced production in May 2010.
This follows the recent commencement of vermiculite production at the vermiculite project. Shipping of the vermiculite will now continue on a regular basis as Gulf moves to meet its projected production profile of up to 15,000 - 18,000 tonnes in the next 12 months.
Dupr , a wholly owned subsidiary of London listed Goodwin Plc, is a leading player in the world vermiculite market.
Under the terms of the recently signed and announced ten year sales and distribution offtake agreement, Gulf is to supply a minimum of 8,000 tonnes of product in year one.
Scott Reid, chairman, said "as part of our plan to become a leading vermiculite producer, we are delighted to announce that we have commenced distribution of our product to our offtake partners, Dupr Minerals, for their European client base only one month after the successful recommissioning of the plant."
"Recently we addressed the annual Vermiculite Association conference in Stockholm and the very positive feedback on our product by the industry supports our intention to ramp up production levels at the plant and initiate planning for our expansion programme."
Gulf's primary project is the East African Vermiculite Project which was acquired in May 2009 from Rio Tinto. The EAV commenced production in May 2010.
