Wilton Resources inks framework agreement with Chinese firm
GOLD explorer and miner Wilton Resources Corporation Limited said it has entered into a non-binding framework agreement with Chinese minerals and mining group, Yunnan Chihong Resources Exploration & Development Company Limited, a subsidiary of Yunnan Metallurgical Group Co Ltd. This is in respect of the potential investment and/or cooperation between the company and Yunnan Chihong in the development of the group's Ciemas Gold Project in West Java, Indonesia.
The agreement outlines areas of the potential investment and/or cooperation including the development and construction of a mining, processing and smelting facility, the exploration of Wilton's mining permit area, and an equity investment by Yunnan Chihong, the Catalist-listed group said on Friday.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Porsche posts Q1 profit drop on ramp-up costs
IBM plots US$730 million expansion of Canadian semiconductor site
Seatrium unit to fully redeem S$500 million worth of floating-rate bonds early
Yeo Guat Kwang, John Chen retiring from corporate boards
US: Wall St opens higher
Air China orders homegrown C919s in challenge to jet duopoly