Alexander Mining signs technical partnership deal with Turkish firm

22 February 2018 (Last Updated February 22nd, 2018 19:29)

UK-based Alexander Mining has signed a commercial and technical partnership agreement with Turkish firm Proses Mühendislik, Danışmanlık, İnşaat ve Tasarım.

UK-based Alexander Mining has signed a commercial and technical partnership agreement with Turkish firm Proses Mühendislik, Danışmanlık, İnşaat ve Tasarım.

Under the deal, Alexander is expected to potentially use its processing technologies and expertise (MetaLeach Technology) in the Middle East, including Turkey and Iran.

Proses intends to construct a 100,000t-300,000t feed per annum semi-industrial scale processing plant (SISP) either in Turkey or in Iran, provided the necessary funding is obtained.

Under its plans, the company is exploring the possibility of building a potential SISP at the Mehdiabad zinc project in Iran.

Alexander Mining CEO Martin Rosser said: “Proses is a highly regarded mineral processing consultancy with a strong presence in a part of the world that is highly prospective for our technology.”

“Proses is a highly regarded mineral processing consultancy with a strong presence in a part of the world that is highly prospective for our technology.”

The companies will pursue commercial opportunities for the use of MetaLeach Technology in the Middle East.

The deal includes the terms and conditions regarding use of the technology and partnership success fees for introductions made by Proses.

Alexander noted that the partnership will focus on zinc oxide projects, especially in the Hakkari and Kayseri regions of Turkey and in Iran.

The agreement will also see the company receive a gross sales revenue royalty on the value of the SISP product.

Depending on the outcome of the SISP, the company intends to seal a technology licence agreement (TLA) with the project owners for the use of its MetaLeach Technology.