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Mine firm lands deal

IRISH mining company Ormonde Mining has signed a $350m (€255m) deal to sell all of the tungsten produced at its new Spanish mine for five years.

The five-year "off take" agreement has been struck with the Singapore-based Noble Group.

Under the deal Ormonde has a buyer locked in for 100pc of tungsten produced at the Barruecopardo site for five years.