Triton shortlists two EPC contractors to spearhead Ancuabe construction
JOHANNESBURG (miningweekly.com) – ASX-listed graphite developer Triton Minerals has shortlisted engineering, procurement and construction management (EPCM) companies Sinosteel Equipment & Engineering and MCC International as potential EPC contractors for its Mozambique-based Ancuabe graphite project.
Triton announced on Monday that negotiations were currently under way with the companies, which had progressed to the final stages of due diligence for the award of EPC contractor, owing to the companies’ significant EPC experience in natural resource construction. It noted that the final stage of due diligence would get under way immediately, running in parallel with the Ancuabe definitive feasibility study (DFS), which is due for completion in December, with site visits expected to take place in January.
“Sinosteel and MCC have both successfully undertaken construction projects in Mozambique and have shown strong interest in participating in the construction of the Ancuabe project,” said Triton MD Peter Canterbury.
He added that the EPC contract would be accompanied by debt financing arrangements.
“We will progress the EPC discussions and debt financing terms in parallel with the Ancuabe DFS, with a view to award the EPC contract in the first half of 2018,” he said.
Triton added, however, that it could not guarantee that a binding agreement would be entered into following due diligence and subsequent contract negotiations, though it aimed to do its best to award a legally binding EPC contract in the stipulated period.
Comments
Research Reports
Projects
Latest Multimedia
Latest News
Showroom
Goodwin Submersible Pumps Africa is sole distributors for Goodwin electrically driven, submersible, abrasion resistance slurry pumps.
VISIT SHOWROOM
Press Office
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation
