Australia  

Celebrating 10 Years of Trusted News Discovery
One News Page
> >

Black Rock Mining signs strategic cooperation agreement with major Chinese METS company

Proactive Investors Tuesday, 25 September 2018
Black Rock Mining Ltd (ASX:BKT) has signed a strategic cooperation agreement with Yantai Jinyuan Mining Machinery Ltd to supply process plant machinery and related infrastructure to Black Rock’s Mahenge Graphite Mine in Tanzania. Yantai, part of the larger Yantai Jinyuan Group, has also committed to source up to US$40 million in project finance from Chinese groups, including government import-export credit agency.   Black Rock chief executive officer John de Vries said securing Yantai as process plant construction partner was a major step in the delivery of Black Rock’s Mahenge mine. He said: “Yantai enhances our diligent technical work program of the pre-feasibility study, pilot plant, and the definitive feasibility study with a proven engineering and delivery capability. “Mahenge’s planned production rate of 3,000 tonnes per day fits well within Yantai’s experience. “In addition to a best-in-class delivery capability, Yantai also establishes our financing pathway and opens a further channel to market for product placement through their reputation for delivering quality graphite projects.” “Yantai’s endorsement of Black Rock’s quality product through this agreement provides an important new channel to market through our association with a proven capacity to deliver quality graphite to the Chinese offtake market.” READ: Black Rock Mining raises $3 million in oversubscribed placement Yantai is a vertically-integrated process equipment supplier that can supply a wide range of processing machinery and expertise as well as the delivery of full turn-key metallurgical projects. The Shandong-based company operates its own metallurgical testing facility and has access to pilot plant facilities that support its unique graphite intellectual property. Build-Operate-Transfer (BOT) contracts have been delivered in both China and Tajikistan and the delivery model aligns with Tanzania’s new mining code. The BOT delivery model also provides for training and skills transfer to Mahenge’s Tanzanian operations team, who will assume management responsibility on completion of the performance test.
0
shares
ShareTweetSavePostSend
 
Credit: KTNV Channel 13 Las Vegas - Published < > Embed
News video: Rock And Roll Photographer Neal Preston

▶ Rock And Roll Photographer Neal Preston 03:47

Rock music news and updates!

You Might Like


Recent related videos from verified sources

Pair Of Intrigued Lions Play With Ultra Rare Find Of Wild Pangolin [Video]Pair Of Intrigued Lions Play With Ultra Rare Find Of Wild Pangolin

By Jack Williams This is the incredible moment a pair of lions became intrigued by an ultra-rare pangolin that they discovered in the wild – trying to no avail to crack open the creature’s..

Credit: Rumble     Duration: 00:48Published

The Black Girl Festival Gets Help From Michelle Obama [Video]The Black Girl Festival Gets Help From Michelle Obama

This former First Lady makes an appearance.

Credit: Celebrity Wire     Duration: 01:10Published

Michelle Obama to Be Featured at Upcoming Black Girl Festival [Video]Michelle Obama to Be Featured at Upcoming Black Girl Festival

Michelle Obama to Be Featured at Upcoming Black Girl Festival To commemorate the success of her breakthrough memoir, 'Becoming,' Michelle Obama is planning a special event. The former First Lady is..

Credit: Wibbitz Top Stories     Duration: 01:11Published

How to Make 3 Easy Taco Recipes [Video]How to Make 3 Easy Taco Recipes

3 Easy Taco Recipes

Credit: Cooking Light     Duration: 04:02Published


Recent related news from verified sources

Galena Mining secures $10 million investment from Kingfisher Capital

Galena Mining Ltd (ASX:G1A) has executed a subscription agreement with Kingfisher Capital to invest $10 million into Galena in two tranches of $5 million each at...
Proactive Investors

West Wits Mining appoints chief financial officer Simon Whyte as joint company secretary

West Wits Mining Limited (ASX:WWI) has appointed Simon Whyte as joint company secretary effective from March 16, 2019. Whyte has been engaged with West Wits...
Proactive Investors


Other recent news in Business

Australia-HONG KONG free-trade deal signedAirwallex is AUSTRALIA's latest unicorn
Boeing readies 737 MAX SOFTWARE fixBudget to benefit rich, BUSINESS: poll
Environmentally friendly: One News Page is hosted on servers powered solely by renewable energy
© 2019 One News Page Ltd. All Rights Reserved.
About us  |  Contact us  |  Disclaimer  |  Press Room  |  Terms & Conditions  |  Content Accreditation
 RSS  |  News for my Website  |  Free news search widget  |  In the News  |  DMCA / Content Removal  |  Privacy & Data Protection Policy
How are we doing? FeedbackSend us your feedback  |   LIKE us on Facebook   FOLLOW us on Twitter  •  FOLLOW us on Pinterest
One News® is a registered trademark of One News Page Ltd.