AGY argosy minerals limited

Ann: ARGOSY SIGNS ANOTHER MOU FOR STAGE 2 FUNDING, page-5

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    This isn't from the ann. but ...

    China Greatpower Jinchuan is a joint venture between Shanghai Greatpower, Jinchuan Group and an industry fund. The company was founded in December 2016. Shanghai Greatpower is the majority stakeholder.

    The company purchased assets belonging to Zhejiang Galico Cobalt & Nickel Material at a public auction in December 2016. The Galico plant had an annual capacity of 4.5ktpy of cobalt chemicals and 2ktpy of nickel chemicals including cobalt sulphate, cobalt chloride, and nickel sulphate. The new owners intend to boost capacity to 6ktpy of cobalt and 4ktpy of nickel by 2018 and have committed to invest US$150M. The joint venture partners are also planning to invest in a lithium production operation.

    https://roskill.com/news/cobalt-nic...venture-boost-refined-chemical-capacity-2017/
 
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