TNG Ltd – Signs Landmark $13.4M Agreement with China’s ECE for Mount Peake Project

Mineweb reported that TNG Ltd (ASX:TNG) has signed an agreement with East China Mineral Exploration & Development Bureau that will help fund the Mount Peake vanadium project.

As quoted in the market news:

The subscription agreement – between TNG and ECE subsidiary Ao-Zhong International Mineral Resources Pty Ltd (“Ao-Zhong”) and a private investor introduced by ECE, Aosu Investment and Development Co Pty (“Aosu”) – was signed in Tianjin, China last night as part of the 2011 China Mining Conference.

Click here to read the full Mineweb report.