Clean TeQ Holdings Limited (ASX: CLQ)- Clean TeQ selects MCC for its sunrise nickel cobalt scandium project

Cleanteq Holdings

Clean TeQ Holdings Limited (ASX: CLQ) today announced their selection of Metallurgical Corporation of China Ltd (MCC) as a key project delivery partner for the Clean TeQ Sunrise Project, a sunrise nickel cobalt scandiums project in New South Wales.

Headquartered in Beijing, MCC is a China’s largest mining and metals engineering and construction group. It is a part of China’s mining company China Minmetals Corporation.

The heads of agreement were signed by both the parties for a fixed-price EPC contract covering detailed engineering and on-site construction of the project. The arrangement of EPC contract was made to avoid any financial and project execution risk. [optin-monster-shortcode id=”wxhmli4jjedneglg1trq”]

Following this agreement, Clean TeQ and MCC indicated their next move to finalise negotiations on the Front-End-Engineering and Design (FEED) contract, which is expected to be concluded in few weeks.

CLQ is trading at $0.545 showing no daily price movement on 30 August 2018 (5:07 PM AEST).

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