Friday 17 July 2015

Otmane El Rhazi : Watershed gains momentum as Jogmec hunts for partner

Otmane El Rhazi from Mining Weekly | Ferrous Metals Home.

Tungsten developer Vital Metals on Friday told shareholders that its strategic partner Japan Oil, Gas and Metals National Corporation (Jogmec) has formally started a tender process to secure a long-term partner for the Watershed project, in North Queensland. Under its investment mandate, Jogmec, which holds a 30% stake in the Watershed project, would arrange for the transfer of its interest to a Japanese company, which would participate and help fund the project’s development.

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