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BRIEF-Altius Minerals Reports Settlement With Vale Canada

Published 2018-09-14, 09:15 a/m
© Reuters.  BRIEF-Altius Minerals Reports Settlement With Vale Canada

Sept 14 (Reuters) - Altius Minerals Corp ALS.TO :

* ALTIUS REPORTS SETTLEMENT WITH VALE ON VOISEY'S BAY ROYALTY DISPUTE

* ALTIUS MINERALS CORP - SPECIFIC TERMS OF SETTLEMENT ARE CONFIDENTIAL

* ALTIUS MINERALS - SETTLES LITIGATION WITH ROYAL GOLD RELATED TO CALCULATION OF ROYALTY IN RESPECT OF ALL CONCENTRATES PRODUCED FROM VOISEY'S BAY MINE

* ALTIUS MINERALS - EXPECTS 3% ROYALTY RATE WILL APPLY TO ABOUT 50% OF GROSS METAL VALUE IN CONCENTRATES AT EXISTING NICKEL, COPPER, COBALT PRICES

* ALTIUS MINERALS CORP - PARTIES AGREED TO A NEW METHOD FOR CALCULATING ROYALTY IN RESPECT OF CONCENTRATES PROCESSED PROSPECTIVELY AT VALE'S LHPP

* ALTIUS MINERALS CORP - VALE EXPECTS UNDERGROUND MINE TO BEGIN PRODUCTION IN 2021 AND TO RAMP UP OVER FOUR YEARS

* ALTIUS MINERALS CORP - NEW METHOD FOR CALCULATING ROYALTY WILL BE EFFECTIVE FOR ALL VOISEY'S BAY MINE PRODUCTION AFTER APRIL 1, 2018

* ALTIUS MINERALS CORP - CURRENT OPEN PIT MINING IN OVOID DEPOSIT IS EXPECTED TO CONTINUE UNTIL 2022

* ALTIUS MINERALS CORP - VALE CANADA AGREED TO A NEW METHOD FOR CALCULATING ROYALTY AT VALE'S LONG HARBOUR PROCESSING PLANT

* ALTIUS MINERALS CORP - CO AND ROYAL GOLD INC HAVE ENTERED INTO AN AGREEMENT WITH VALE CANADA LIMITED

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