TNG Limited (ASX:TNG) has signed an MOU with Korean company Posco E&C to provide engineering and construction services at its Mount Peak mine.
The minerals explorer will utilise Posco Engineering and Construction’s expertise in developing the Vanadium project in the Northern Territory.
Managing Director Paul Burton says they are pleased to be working with one of the world’s largest construction conglomerates and that it is consistent with broader objectives to attract blue-chip strategic partners to work with in the financing and delivery of the Mount Peake Project.
TNG reported a net loss of $1.9 million in the first half of the 2014 financial year.
