08
Apr
01:00
Papuan Precious Metals to take stake in Saudi iron ore mine, build pellet plant
Papuan Precious Metals Corp. (PPMC) has committed to forming a joint venture with Juniper Capital Partners to acquire a 25% stake in the Saudi Arabia-based Wadi Sawawin iron ore deposits, Kallanish learns from PPMC.
The company has signed a letter of agreement to form the JV, which will acquire London Mining’s contractual rights to the 25% carried interest in the National Mining Company (NMC) that owns the deposits. PPMC will provide an initial funding…
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Anonymous
Very good overview of the weekly steel market.
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