https://www.miningweekly.com

AVZ finds offtake partner for DRC lithium project

7th March 2018

By: Megan van Wyngaardt

Creamer Media Contributing Editor Online

     

Font size: - +

JOHANNESBURG (miningweekly.com) – ASX-listed AVZ Minerals has signed a memorandum of understanding (MoU) with Guangzhou Tinci Materials Technology for potential investment in the company and offtake opportunities from the Manono lithium project, in southern Democratic Republic of Congo (DRC).

Tinci is the largest battery electrolyte manufacturer globally and supplies a substantial portion of the global battery electrolyte market.

AVZ has executed the MoU with Tinci to advance discussions towards formalising potential investment and offtake agreements. As part of this process, the company has extended an invitation to Tinci, and other groups, to visit its operations in the DRC for more formal discussions and to help facilitate a proper appreciation of the potential of the Manono lithium project.

“We are pleased to progress discussions with Tinci group as they are a very well-regarded company globally and significant in the battery materials supply chain. Our excellent drilling results released to date underpin the status of Manono and highlight the unique opportunity that exists for the company relative to all other hardrock deposits,” AVZ chairperson Klaus Eckhof commented on Wednesday.

AVZ said it would continue an active dialogue with multiple Chinese groups seeking investment opportunities in the company and project. “We expect to announce more interest over the coming weeks.”

Edited by Mariaan Webb
Creamer Media Senior Deputy Editor Online

Comments

Showroom

SABAT
SABAT

From batteries for boats and jet skis, to batteries for cars and quad bikes, SABAT Batteries has positioned itself as the lifestyle battery of...

VISIT SHOWROOM 
Showroom image
Alcohol Breathalysers

Supplier & Distributor of the Widest Range of Accurate & Easy-to-Use Alcohol Breathalysers

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Magazine round up | 19 April 2024
Magazine round up | 19 April 2024
19th April 2024
Resources Watch
Resources Watch
17th April 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.053 0.087s - 90pq - 2rq
1:
1: United States
Subscribe Now
2: United States
2: