Is it possible that the arrangement with TiCons that was made back in September could be a part of the Titanium "bolt on" arrangement.
Although, I also am not sure where the finance fits in with the summary of the TiCon arrangement below but perhaps it does somewhere along the line,
Key Points
• Ti-Cons will supply TNG with a full technology package for a TiO2 pigment plant including engineering, construction support, procurement support, training and commissioning.
• Ti-Cons will provide TNG with process and product guarantees for the production of a high-durable TiO2 pigment suitable for outdoor coatings applications.
• TiCons will act as a sub-contractor to TNG’s EPC contractor for the Mount Peake Project, with TNG agreeing to grant Ti-Cons the status of preferred partner for the development of the tailored process.
• All and any Intellectual Property developed as a result of, or in connection with, the Consultancy Services provided by Ti-Cons to TNG will, from their creation, be owned and vest exclusively in TNG.
• Ti-Cons shall provide TNG with a full commercial contract for the delivery of the TiO2 pigment production process.
cheers
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DKSH cooperates with Australian TNG to exclusively market titanium dioxide, page-38
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