Equatorial strikes deal with Congolese partner
PERTH (miningweekly.com) – Junior Equatorial Resources has entered into a strategic alliance agreement with Congolese company Rock Mining SARL to advance the development of the Bandondo iron project, in the Republic of Congo.
Under the terms of the alliance agreement, Rock Mining will assist Equatorial with its ongoing activities at Badondo, including logistical support, staffing and maintaining relationships with the government, local communities and other stakeholders.
In return, Rock Mining will be granted a 20% indirect economic interest in Equatorial’s Congolese subsidiary Congo Mining Exploration, which owns the Bandondo project.
Bandondo is a potentially large-scale iron project located within a regional cluster of iron-ore exploration projects, including the Mbalam-Nabeba project being developed by Sundance Resources.
Following receipt of a mining licence at Bandondo, Equatorial will finalise its plans for further exploration work on the basis that current iron-ore prices justified new development activities at the project area.
Equatorial will also continue to investigate additional opportunities for partnership and cooperation with strategic investors at project level, in order to maximise the value of Bandondo for shareholders.
Comments
The
functionality
you are trying to access is only available to subscribers.
If you are already a subscriber, you can Login Here.
If you are not a subscriber, you can subscribe now, by selecting one of the below options.
For more information or assistance, please contact us at subscriptions@creamermedia.co.za.
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?
Receive 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)
➕
Recieve 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
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation