Our turn soon ?6 Jan 2020 16:49
''Graphite: Magnis signs construction contract for Nachu project in Tanzania
In December 2019, Magnis Energy Technologies (Magnis) signed a binding contract with Metallurgical Corporation of China (MCC) for engineering, procurement and construction (EPC). The contract is described as a ‘fixed price turn-key solution to produce high-purity graphite products’ and covers building of the processing plant as well as related infrastructure including roads, power, workers camps and storage facilities totalling US$277M. The EPC contract is a prerequisite in Magnis’ application for project financing support from China Export Credit Agency. ''