Boab Metals: Selects GR Engineering (ASX:GNG) as contractor for Sorby Hills process plant

Boab Metals Selects GR Engineering (ASX:GNG) as contractor for Sorby Hills process plant

  • Boab Metals (BML) selects GR Engineering Services (GNG) as the preferred contractor to produce a processing plant at its 75-per-cent-owned Sorby Hills project in WA
  • The selection follows a highly competitive tender process, with the proposed price encompassing the design, engineering, procurement and construction of the plant
  • The proposal sees the plant produce up to 2.25 million tonnes per annum – a 50 per cent increase to what was proposed in the pre-feasibility study for the project
  • Final contract award and commercial agreement is set to be finalised over the coming months as Sorby Hills moves towards a final investment decision
  • BML shares are trading steady at 33 cents at 2:55 pm AEDT, while GNG shares are down 2.29 per cent to $2.13 each at the same time

Hot this week

Banking as a Service: Meaning, Examples, Benefits and Future

The push for open banking has led to a...

What is Fintech?

Fintech: A term used to refer to innovations in...

Best fintech blogs and websites

Fintech (financial technology) has been an interesting part of...

How to buy shares online

Buying shares online in India has come a long...

Is it worth investing in life insurance over 60?

Is it worth investing in life insurance over 60? As...

UK Regulator PSR Plans Cap on Cross-Border Card Fees to Protect Businesses

Subheading The Payment Systems Regulator (PSR) proposes a price cap...

Hong Kong Unveils Roadmap for Sustainability Reporting to Lead Global Green Finance

Subheading Hong Kong's new roadmap mandates ISSB Standards for sustainability...

Standard Chartered Partners with Paxos for Stablecoin Reserve Management

Subheading: Enhancing Reserve Management Efficiency with Stablecoin Innovations from Paxos Highlights: ...

GoAuto Partners with One Inc to Revolutionize Insurance Payments

Subheading: Streamlining Digital Payment Solutions for the Insurance Industry with...

Nuvei Introduces Google Pay to Transform LATAM Payment Landscape

Subheading Expanding Digital Payment Solutions Across Latin America with Google...

First Abu Dhabi Bank Partners with Broadridge to Build Global Agency Securities Finance Business

Subheading First Abu Dhabi Bank collaborates with Broadridge Financial Solutions...

Proxymity and Citi Launch Vote Connect Global to Enhance Proxy Voting Efficiency

Subheading Proxymity collaborates with Citi Securities Services to launch Vote...

Mid-Tier Banks Invest Heavily in Payment Modernization with Volante Technologies

Subheading Volante Technologies' latest report reveals significant investments by mid-tier...
Exit mobile version