https://www.miningweekly.com

Tawana secures A$5m loan for Bald Hill

5th February 2018

By: Creamer Media Reporter

     

Font size: - +

JOHANNESBURG (miningweekly.com) – ASX-listed Tawana Resources subsidiary Lithco, which holds the company’s 50% interest in the Bald Hill lithium and tantalum mine, has executed a binding A$5-million loan agreement with Red Coast Investment, a company nominated by Germany’s Weier Antriebe und Energietechnik.

Weier is a subsidiary of Shenzen stock exchange-listed lithium industry specialist Jiangte Special Electric Motor.

The funds will be used for development at the Bald Hill project, which Tawana owns with Alliance Mineral Assets.

Last month, Tawana announced that an undisclosed tantalum industry specialist had agreed to buy a minimum of 600 000 lb of tantalum concentrate in aggregate from April 2018 to December 2020 or all of the standard grade tantalum concentrate produced at Bald Hill within the period if the delivery is less than 600 000 lb.

The mine is located in the Eastern Goldfields of Western Australia.

Edited by Mariaan Webb
Creamer Media Contract Publishing Editor

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Showroom

EKATO Africa
EKATO Africa

Established in 1933, EKATO is the world leader in agitation technology, supplying agitators for processes and applications such as chemicals and...

VISIT SHOWROOM 
Alco-Safe
Alco-Safe

Developed to exceed the latest EN 15964 standards for police breathalysers proving that it will remain accurate and reliable for many years to come.

VISIT SHOWROOM 

Latest Multimedia

sponsored by

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:0.047 1.04s - 110pq - 2rq
Subscribe Now