of interest21 Dec 2009 07:12
from the TMC interims today..
'In November 2009, Toledo, Atlas and European Nickel jointly hosted a meeting in Manila with a high level delegation from Jiangxi Province, China. The delegation was led by His Excellency Vice Governor Hong Lihe and included the President and senior management of Jiangxi Rare Earth and Rare Metals Tungsten Group ("JXTC"), with whom Toledo has previously concluded two Memorandums of Understanding. At the meeting, JXTC advised that it has overcome objections to locating a pilot plant in Jiangxi Province which will determine the optimum process for the production of an intermediate nickel product to supply its planned nickel refinery. Accordingly, although there is no longer a requirement to construct a pilot plant at Berong, JXTC wished to reaffirm its commitment to Berong as the favoured ore supply and processing partner. Construction of the pilot plant is scheduled to begin during 2010 and discussions have commenced on the terms for supplying ore to the plant.'