Iceland Silica, producing silica metal at a new plant in Helguvik, will buy the power beginning 1 May 2013 and ending 31 December 2015.
Vancouver-based Magma says the new contract is at a higher base price than the one it replaces and it’s not indexed to aluminium prices, suggesting a more stable revenue stream for the company. About 46% of the revenue from HS Orka – $6.2m
