TNG forms JV to develop Manbarrum project

Mining Weekly .com reports that diversified metals company  TNG (ASX:TNG)  has signed a joint-venture agreement with Kimberley Metals and China’s Yuguang to develop the Manbarrum zinc/lead/silver project, in the Northern Territory.

The market news is quoted as saying:

TNG CEO Paul Burton said that the transaction would enable the company to focus on the continued exploration and development of its flagship Mount Peake iron/vanadium project, as the basis for a potentially world-class ferrous metals business, as well as the continued development of its co-owned new hydrometallurgical process for titanomagnetite vanadium ores.

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