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BRIEF-Almonty Announces Signing Of Power Supply And Consumption Pact For Sangdong Mine Development With Korea Electric Power Corp

Published 2019-05-29, 05:12 p/m
© Reuters.  BRIEF-Almonty Announces Signing Of Power Supply And Consumption Pact For Sangdong Mine Development With Korea Electric Power Corp
AII
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May 29 (Reuters) - Almonty Industries Inc AII.TO :

* ALMONTY ANNOUNCES THE SIGNING OF THE POWER SUPPLY AND CONSUMPTION AGREEMENT FOR THE SANGDONG MINE DEVELOPMENT WITH KOREA ELECTRIC POWER CORPORATION

* ALMONTY INDUSTRIES INC - AGREEMEN IS FOR CONSTRUCTION AND INSTALLATION OF A 10MW EXCLUSIVE POWER LINE TO SITE OF SANGDONG MINE

* ALMONTY INDUSTRIES INC - CONSTRUCTION COST OF KRW2,044 MILLION (APPROX. US$1.7 MILLION) WILL BE ENTIRELY BORNE BY KEPCO

* ALMONTY INDUSTRIES - KEPCO WILL COMMENCE CONSTRUCTION OF POWER LINE WITH TARGET COMPLETION BY JUNE 23, 2020

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