Ann: TNG signs second binding agreement for Mount Peake, page-29

Can someone with more knowledge about mining and materials help me understand this?

So, TNG have a V, Ti, Fe deposit that they're planning to mine. I was under the impression that they would sell refined materials to the likes of Gunvor & WOOJIN to market and distribute, (and value-add as the case may be).
This announcement seems to suggest that TNG are already forward integrating (emphasis on 'Joint Venture' with WOOJIN) into value-adding, and marketing.
Either they're planning to become a major playor in downstream value-adding and distribution, or they've been helped in structuring their deal to be an attractive aquisition for a company that already is.

I suppose I'm asking - it seems to me that the downstream processing being a Joint Venture is major news. Am I missing something?