Terramin Australia Limited (ASX: TZN) announced a significant Tala Hamza Zinc Project milestone. Western Mediterranean Zinc Spa, the project's operator, has successfully entered an Engineering, Procurement, and Construction Contract with the esteemed Sinosteel Equipment & Engineering Co. Ltd. for the project's construction.
This landmark EPC Contract, valued at US$336 million, comes with secured funding arrangements formalized for the next 18 months, ensuring robust financial backing. It is anticipated that construction will commence shortly, marking the beginning of an exciting new phase for the project. Sinosteel MECC, a globally recognized leader in engineering technology and services, is the chosen partner for this ambitious project. Their expertise encompasses a wide range of EPC projects in mining, metallurgy, power energy, and mineral processing. Furthermore, Sinosteel MECC has consistently ranked for 17 years in the ENR International Contractors & Global Contractors list, solidifying its reputation in the industry and instilling confidence in the project's execution.
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Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
