Pilbara signs Pilangoora offtake agreement • Tairui funds support Western Potash • Focus gains Shandong Gold investment • Woxna graphite offtake deal • Alderon changes management team • New drilling at Native Companion
EASTERN Platinum Limited (Eastplats) has reached an agreement in principal with Hebei Zhongbo Platinum Co Limited (HZP) to restructure the transaction whereby HZP is to acquire the company’s entire South African platinum group metal (PGM) business and all investments and loan agreements it has with subsidiary companies.
SOVEREIGN Gold hopes that a funding agreement signed recently with a Chinese consortium will enable it to further advance the Mount Adrah Gold Project in New South Wales, Australia. The consortium can earn up to a 50% interest in Mt Adrah project by funding primarily contracted diamond drilling programs.
DEMOCRATIC Republic of Congo (DRC) President Joseph Kabila recently visited China to review the status of Sino-Congolese projects and discuss ways to strengthen and enhance relations between the two. The DRC has benefited greatly in the past 25 years from Chinese investment in infrastructure and mining.