13th Sep 2018 12:43
LONDON (Alliance News) - Mining company China Nonferrous Gold Ltd said on Thursday it has entered a new supplementary consultancy contract with China 15th Metallurgical Construction Group Co Ltd through China Nonferrous Gold subsidiary Kryso Resources Ltd.
The contract is for the construction of a processing plant and smelting plant and ancillary facilities for the Pakrut gold project in the Republic of Tajikistan.
As a result of the contract, China Nonferrous Metals International Mining Co Ltd, a shareholder in China Nonferrous Gold, will no longer act as an agent for China Nonferrous Gold, allowing for cost and contract performance efficiencies.
Shares in China Nonferrous Gold were untraded on Thursday, last quoted at 4.40 pence.
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