Vanadium project
By Pan Xiaoyi |
May 19, 2010, Wednesday
|
Print Edition
Print Edition
AUSTRALIAN Reed Resources Ltd said it was in discussion with China's Non-ferrous Metal Industry's Foreign Engineering and Construction Co to develop a vanadium project in Western Australia.
The Barrambie vanadium mine is considered as one of the world's highest grade vanadium deposits and average earnings annually are estimated to be more than A$100 million (US$87 million) at the current vanadium price, the Australian company said in a statement on its Website.
Reed has agreed to deal exclusively with NFC over engineering procurement, construction contract and financing assistance for Barrambie until August 31, 2010.
The company also disclosed the discussions are at a preliminary stage and there is no certainty that a transaction will eventually be reached.
The Barrambie vanadium mine is considered as one of the world's highest grade vanadium deposits and average earnings annually are estimated to be more than A$100 million (US$87 million) at the current vanadium price, the Australian company said in a statement on its Website.
Reed has agreed to deal exclusively with NFC over engineering procurement, construction contract and financing assistance for Barrambie until August 31, 2010.
The company also disclosed the discussions are at a preliminary stage and there is no certainty that a transaction will eventually be reached.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 沪ICP证：沪ICP备05050403号-1
- |
- 互联网新闻信息服务许可证：31120180004
- |
- 网络视听许可证：0909346
- |
- 广播电视节目制作许可证：沪字第354号
- |
- 增值电信业务经营许可证：沪B2-20120012
Copyright © 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
