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Business Day reported that IMIC (LSE:IMIC) has signed an offtake agreement with Chinese group Hebei Iron and Steel (SHE:000709) for iron ore produced from the Nkout project in Cameroon, which IMIC is in the process of acquiring.
Business Day reported that IMIC (LSE:IMIC) has signed an offtake agreement with Chinese group Hebei Iron and Steel (SHE:000709) for iron ore produced from the Nkout project in Cameroon, which IMIC is in the process of acquiring.
As quoted in the market news:
IMIC said the offtake agreements will be used as a vital part of financing the project through Chinese partners such as Hebei – the largest steel producer in China.
Read the full article in Business Day