RE:News Out in Korea Re: MOU with the province & the countyThe news does not say why MOU is signed by 3 parties nor mention how much moneies will be invested.
More quotation from the article:
Almonti Korea has already invested $35 mil USD(42 billion Korean won) for the project including vein survey, drilling, and construction of a test plant.
By 2021, an additional $100 mil USD(130 billion won) will be invested to build a tunnel excavation and concentrate plant, and after trial operation, it will produce more than 2,500 tons of tungsten every year from 2022.