RE:RE:New Press Release - Almonty signs MOU for location of Sangdong Downstream Tungsten Oxide Plantchizzles wrote: -Yeongwol County announced that it will provide full legal and institutional support to Almonty.
-Choi Myeong-Seo, the Governor of Yeongwol County said, “There were many setbacks and hardships, but we have worked together to overcome them well. As a large-scale investment in Yeongwol-gun, I hope it will be of great help as it is implemented well according to this MOU agreement.”
This is nothing but a future approval for the oxide plant "location".
SK Govt. wants it and the buyers of this product want it as well.
30kms from Sangdong mine proper is ideal, but there are other sites in the country that can be used for this plant.
I am sure they do not want this plant to go offshore to Spain or Portugal.
Its all about keeping things in the country.and as one said later, it is just a formality of buisness.