Tiger Resources Signs Contract wth SNET to Build Copper Plant

Tiger Resources Limited (TSX:TGS, ASX:TGS) announced that it has executed a lump-sum turn-key contract with SENET Pty Ltd to build a plant at the Kipoi Copper Project in the DRC.

As quoted in the press release:

The contract, signed by Tiger’s 60%-owned subsidiary and operator of Kipoi, Societe d’Exploitation de Kipoi s.p.r.l. (SEK), is for the first phase of Stage 2, a 25,000tpa SXEW plant, and fits within the definitive feasibility study (DFS) capital cost of $160.9 million.

Tiger’s Managing Director, Brad Marwood, said:

We are very pleased to award the LSTK contract to SENET, who bring a wealth of engineering, procurement, construction management (EPCM) and SXEW experience in Africa and specifically within the DRC.

To view the whole press release, click here.