Royal IHC Strengthens Its Mining Activities
Over the course of 2018, Royal IHC has strengthened its mining activities by securing a number of important partnerships.
In July, IHC Robbins – a wholly owned subsidiary of IHC – announced that it had entered into a Heads of Agreement with Dome Gold Mines based in Australia. In the same country, IHC signed a strategic partnership in November with Renascor Resources.
The Heads of Agreement with Dome was signed on 30 July in order to conduct the definitive feasibility study (DFS) for the Sigatoka Ironsand Project in Fiji.
Upon conclusion of the DFS, and if the findings prove to match expectations, IHC Robbins will also be appointed as engineering, procurement and construction (EPC) manager.
Dome signed a contract with IHC on 18 December which will allow the DFS to commence. Over the course of 2019, this will assess all the mining, processing, environmental management, marketing and project economics aspects of the Sigatoka project.
Another important agreement was officially signed on 5 November 2018. This established a strategic partnership between IHC and Renascor Resources to undertake a DFS and thereafter secure the right to construct the Siviour Graphite project processing plant under an EPC contract.
Upon completion of a successful DFS, IHC will assist Renascor to obtain the project finance necessary to fund the development of Siviour.