Tuesday, December 29, 2015

Alliance Mineral Asets delivers first order to Japan, inks pact with Sinosteel

Alliance Mineral Assets says it has delivered its first order of Tantalite Concentrate under a distribution agreement it signed with Mitsubishi Corporation Japan on Dec 24.

In addition, the company has entered into a Memorandum of Understanding (MOU) inked on Dec 13 with Sinosteel Equipment &  Engineering to collaborate in the development of tantalite and other mineral resources in Australia “utilizing AMA’s tantalite mine, beneficiation plant and primary processing plant and Sinosteel’s experts, technology and experience of prospecting, mining,beneficiation and smelting.”

AMA closed 8.9% lower at 11.2 cents.

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