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TNG Signs Strategic Agreement for Mount Peak Iron Products
Jun. 23, 2014 01:06PM PST
Base Metals Investing TNG Ltd. (ASX:TNG) announced that it has signed a “wide-ranging strategic agreement” with Gunvor Group Ltd., a global commodities trader. It puts in place the foundation for long-term cooperation between the two companies.
TNG Ltd. (ASX:TNG) announced that it has signed a “wide-ranging strategic agreement” with Gunvor Group Ltd., a global commodities trader. It puts in place the foundation for long-term cooperation between the two companies.
The agreement concerns:
- the off-take, marketing and distribution of Mount Peake’s iron products;
- product development and sales strategies to maximize bottom line value for TNG;
- funding of the ongoing Bankable Feasibility Study (BFS) for the Mount Peake Project and future developments; and other mutually beneficial arrangements.
Click here to read the full TNG Ltd. (ASX:TNG) press release.