ArrowMetals signs nickel sulfate tolling deal for Q3 2021 production ArrowMetals will become a seller of nickel sulfate after agreeing a tolling arrangement with Cyprus refinery Hellenic Minerals to produce battery-grade material. Arrow, which is part of Arrow Resources, based at Steinhausen in Switzerland, has entered into a tolling agreement to supply Hellenic Minerals with the laterite raw materials needed to produce battery-ready sulfate containing 10,000 tonnes of nickel (around 45,000 tonnes of nickel sufate), the company said in a press release on Tuesday March 2.
“With commercial production of sulfate commencing as early as the third quarter of 2021, ArrowMetals is in advanced negotiations to supply various battery and precursor manufacturers in Asia and Europe,” it said.
The potential for gold in Paraguay has only recently been recognized by commercial mining interests.
Paraguay has steadily attracted an increasing amount of foreign investment by imposing regulatory frameworks that treat foreign and domestic investors equally. While the country has had no history of large-scale mining and production, continuous development of its rapidly expanding mineral industry means the country is well-positioned to become one of the world’s most important mineral producers in the near future.
Despite its proximity to gold-rich countries such as Peru and Bolivia, Paraguay has seen little to no mineral exploration over the years. Until now, Paraguay’s mining potential has been restricted by large fiscal and trade deficits, limited private investment and political instability that impeded the country’s ability to move forward economically.