Gippsland reports tantalum shortage by 2011

Gippsland Limited (ASX: GIP, FRANKFURT: GIX) reported that the global tantalum market is still anticipated to experience a significant supply shortfall by 2011.

The press release is quoted as saying:

The unavailability of this kind of tantalum has sparked interest in the raw material from Gippsland’s Abu-Dabbab project with the company currently engaged in discussions with a number of major tantalum refiners over additional tantalum offtake and involvement in the project. Gippsland expects the shortage and the constraint on conflict tantalum usage to place it in a position to secure a long-term offtake agreement in the near future.

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