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!

Recent related videos from verified sources

AstraZeneca Talks Drug Pricing, Pipeline, and Path Ahead [Video]AstraZeneca Talks Drug Pricing, Pipeline, and Path Ahead

The pharmaceutical industry is firmly focused on a few key factors as of late: drug prices, M&A action, and the promise of drug pipelines. AstraZeneca , a UK-based manufacturer of numerous popular..

Credit: The Street     Duration: 05:08Published

Here's a sneak peak at the new Seminole Hard Rock Expansion | Taste and See Tampa Bay [Video]Here's a sneak peak at the new Seminole Hard Rock Expansion | Taste and See Tampa Bay

There’s more to love when it comes to the new additions to the Seminole Hard Rock Hotel & Casino. This $700-million expansion features an expanded spa, 14-story hotel tower and so much more.

Credit: ABC Action News     Duration: 00:48Published

A Special Event Celebrating Black Church Culture [Video]A Special Event Celebrating Black Church Culture

The Better Project Awareness Foundation is hosting their first annual Black History in July Celebration, focused on celebrating “Black Church Culture” with an emphasis on hymns and hymn-style..

Credit: TODAY’S TMJ4     Duration: 05:41Published

Rock Climber’s Dazzling Time-Lapse LED Photos Light Up His Path to Sky-High Ridges [Video]Rock Climber’s Dazzling Time-Lapse LED Photos Light Up His Path to Sky-High Ridges

This climber wanted to show the passage of time when he scales rock faces all over the U.S., so he threw on some LED lights and made these dazzling images instead.

Credit: Buzz60     Duration: 00:50Published


Recent related news from verified sources

Lithium Australia continues to close the loop on the battery metals economy

Lithium Australia NL (ASX:LIT) continues to advance its four business segments of raw materials, lithium chemicals, batteries and cathode materials, and...
Proactive Investors

Bryah Resources maps more outcropping manganese grading up to 39.9%

Bryah Resources Ltd (ASX:BYH) has identified outcropping manganese at the Black Beauty Prospect within its Bryah Basin Project in Western Australia. Outcropping...
Proactive Investors

archTIS wins 12-month contract extension from Department of Home Affairs

archTIS Ltd (ASX:AR9) has had its contract with the Australian federal government’s Department of Home Affairs extended for 12 months delivering an additional...
Proactive Investors

Legend Mining signs agreements with Creasy and Independence to boost value in Fraser Range

Legend Mining Limited (ASX:LEG) managing director Mark Wilson updates Proactive Investors on the signing of transformational joint venture agreements with super...
Proactive Investors

You Might Like


Other recent news in Business

DEPUTY PM says Adani justified in demanding names of CSIRO scientistsBulls, Bears & Brokers: DJ CARMICHAEL’s Davide Bosio on the latest market deals
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.