Wedoany.com Report-Nov. 13, SE-listed Mantengu announced that its 70%-owned subsidiary, Blue Ridge Platinum, has signed a life-of-mine chrome concentrate supply agreement with Monteagle International.

Under the agreement, Blue Ridge will deliver, and Monteagle will purchase, a minimum of 300,000 dry metric tonnes of chrome concentrate, with a monthly delivery rate of 10,000 dry metric tonnes. The product will contain 40% to 42% chrome and will be sold on a cost, insurance, and freight (CIF) basis, with pricing linked to the published market rate on FerroAlloyNet.com. At the time of Mantengu’s announcement, the approximate price was $280 per tonne.

Blue Ridge expects deliveries to commence in the first half of 2026, following a four-month construction period for a new chrome processing plant.

Monteagle International is an investment company with a diversified portfolio, including substantial listed equity investments. The firm and its subsidiaries provide procurement, logistics, and marketing services across hard and soft commodities, as well as trade finance solutions.

This agreement represents a strategic step for Blue Ridge Platinum to secure a long-term off-take partner, ensuring consistent market access for its chrome concentrate production. Mantengu highlighted that the partnership supports the company’s operational growth and aligns with its broader development strategy in the platinum and chrome sector.

The supply deal underscores the focus on building infrastructure and commercial arrangements to meet rising demand in the global chrome market, leveraging Monteagle’s experience in commodities logistics and trade finance to streamline the delivery and sale of the product.

With the new plant coming online in 2026, Blue Ridge aims to meet production targets efficiently while ensuring quality and reliability for Monteagle and its customers. The collaboration also strengthens Mantengu’s position in the chrome industry, providing a stable revenue stream linked to long-term offtake agreements.

By combining production capacity, strategic investment, and market expertise, the Blue Ridge–Monteagle partnership is positioned to contribute to both companies’ growth and operational stability over the life of the mine.