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.
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.