The Age/Sydney Morning Herald - Markets Live
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God's Broker
4 hours ago
For you guys to do a story, or highlight
http://www.ectltd.com.au/master-pro...ms-disclosed-ahead-of-canberra-signing-event/
God's Broker
4 hours ago
https://www.asx.com.au/asxpdf/20180517/pdf/43v35m73p65rm5.pdf
Environmental Clean Technologies Limited is pleased to announce the commercial terms of the Master Project Agreement (MPA) ahead of the scheduled signing ceremony in Canberra on the 24th of May 2018.Key points:
Largest ever research and development (R&D) collaboration between Australian and Indian companies
Innovative Australian-developed technologies aimed at lower cost, lower emission iron and steel production utilising lower grade or waste iron ore and low-rank coal resources
MPA to be signed in Canberra in the presence of available Minister(s) and Indian dignitaries.
Indian partners to contribute 100% of the project funds ~AUD35m
Special Purpose Vehicle (SPV) will be created upon completion of the R&D phase of the project, with the following ownership:
ECT – 49%
NLC – 25.5%
NMDC – 25.5%
Global licensing rights will be granted to the SPV, excluding Australia
Future royalties will be disbursed to the partners according to the SPV ownership percentages
Fair to say there are quite a few watching this unfold, ASX TOP 200 won't be far away
OMO
Ann: Master Project Agreement Commercial Terms Disclosed, page-107
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