East Africa Metals Attracts a new partner for the... PR Title: Attracts a new partner for the development of the Magambazi/Handeni mining project (Tanzania)
Analyst Opinion: Positive - EAM has secured interest from a Hong Kong-based mining and investment company to potentially form a joint venture aimed at advancing EAM’s gold projects in Tanzania toward production. Meanwhile, at its flagship projects in Ethiopia, partner Tibet Huaya Mining (SHSE: 601020) has begun acquiring the heavy equipment needed for construction. Tibet Huaya is financing the project up to production, with EAM retaining a 30% carried interest.
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