25th May 2016 09:59
LONDON (Alliance News) - China Nonferrous Gold Ltd on Wednesday said its LLC Pakrut subsidiary has signed a procurement deal with China Nonferrous Metals International Mining Co, the major shareholder in China Nonferrous.
Under the agreement, China Nonferrous Metals International, which owns a 38% stake in China Nonferrous, will act as agent for Pakrut to procure equipment, spare parts and other materials for the Pakrut gold project in Tajikistan.
The total value of goods to be procured under the agreement is expected to be USD7.0 million.
China Nonferrous shares were up 6.7% to 32.00 pence.
By Sam Unsted; [email protected]; @SamUAtAlliance
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