- Write by:
-
Wednesday, June 24, 2020 - 10:38:47 AM
-
940 Visit
-
Print
Mining News Pro - AVZ Minerals is set to award $US300 million ($432 million) worth of tenders to develop its Manono lithium-tin project in the Democratic Republic of Congo.
These will be awarded once AVZ makes a final investment decision to mine the project.
The request for tenders includes process plants engineering, procurement and construction (EPC) package, Kabondo Dianda intermodal staging station, diesel storage facilities and site buildings.
“We will have final pricings on our various tenders back in July and August and then expect to be in apposition to award these contracts, pending COVID-19 travel restrictions being lifted and a financial investment decision being reached,” AVZ managing director Nigel Ferguson said.
AVZ has also obtained a preliminary membership with iTSCi (non profit ITRI tin supply chain initiative), which assists companies with due diligence and responsible sourcing of minerals from high risk areas.
The iTSCi program is focussed on tin, tantalum and tungsten and assisting upstream companies to have continued access to international markets.
Tin and tantalum are future by-products of lithium ore processing at the Manono project.
Ferguson said obtaining the preliminary membership was a significant milestone for AVZ as it was viewed favourably by international financiers.
AVZ plans to lodge its application for a full iTSCi membership by the end of this month.
Short Link:
https://www.miningnews.ir/En/News/552986
Chile’s state copper company Codelco defended its proposed lithium production tie-up with SQM in response to criticism ...
Chile’s state-run miner Codelco plans to select a partner for a future lithium project in one of the country’s top salt ...
Chile’s SQM called another investors meeting at the request of its second-largest shareholder, Tianqi Lithium Corp., ...
Lithium supplier Vulcan Energy on Wednesday announced the start of production of the first lithium chloride at its ...
A stuttering recovery in lithium prices is providing a fresh reminder of why the dramatic rally of recent years was ...
A US and European Union push to reach an accord on fostering critical mineral supply chains is set to miss another ...
Trading of CME Group Inc.’s nearly three-year-old lithium hydroxide futures contract is soaring, with more funds ...
Chile’s mining production is starting to turn the corner after months of a sustained output slump, with the country’s ...
Undeterred by slumping profits, China’s lithium giants are planning to grab a bigger slice of the market.
No comments have been posted yet ...