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March 7, 2018

AVZ signs MoU with Tinci for potential investment in Manono lithium project

AVZ Minerals has signed a signed a memorandum of understanding (MoU) with China-based battery electrolyte manufacturer Guangzhou Tinci Materials Technology (Tinci) for a potential investment in AVZ.

AVZ Minerals has signed a signed a memorandum of understanding (MoU) with China-based battery electrolyte manufacturer Guangzhou Tinci Materials Technology (Tinci) for a potential investment in AVZ.

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The deal also covers various off-take opportunities from the Manono lithium project in the Democratic Republic of the Congo (DRC).

Tinci supplies a substantial portion of the global battery electrolyte market.

The company has previously invested in Ronghui Industry, Jiangxi Lithium and other lithium carbonate manufacturers.

"We are pleased to progress discussions with Tinci Group as they are a very well-regarded company globally and significant in the battery materials supply chain."

AVZ’s strategic adviser, Airguide International, is currently carrying out executive-level meetings in China between multiple entities to discuss potential investment and off-take opportunities with the company.

The MoU was primarily signed to advance discussions towards formalising potential investments and off-take agreements.

AVZ has extended an invitation to Tinci and other groups to visit its operations in the DRC as part of the MoU.

The offer is intended to encourage formal discussions and help facilitate a proper appreciation of the Manono lithium project’s potential.

AVZ executive chairman Klaus Eckhof said: “We are pleased to progress discussions with Tinci Group as they are a very well-regarded company globally and significant in the battery materials supply chain.

“Our excellent drilling results released to date underpin the world-class status of Manono and highlight the unique opportunity that exists for the company relative to all other hard rock deposits.

“AVZ continues an active dialogue with multiple Chinese groups seeking investment opportunities in the company and project.

“We expect to announce more interest over the coming weeks.”

Tinci was originally founded in June 2000 and has a market capitalisation of RMB14.9bn ($2.35bn).

The company specialises in research and development (R&D), manufacture, application and marketing for lithium-ion battery components and related upstream raw materials.

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How attractive are current investment opportunities in Europe?

Europe has been identified as one of the most favorable regions for investors, seeing high investment activity in the past year. Most of these investments have been through Debt Offering, valued at close to $700 billion. The region has provided attractive investments in a diverse set of companies. Companies who tend to major themes such Digital Media, Cloud, Artificial Intelligence, E-commerce, and Big Data are recording the highest number of deals, with Digital Media recording close to 2,000 deals. However, GlobalData’s whitepaper offers a full view of the market, analyzing less successful or attractive points of investment as well, examining statistics on Equity Offering investments and PE/VC deals. Understand how government agencies for economies around the world use GlobalData Explorer to:  
  • Track the M&A and Capital Raising volumes into their target market
  • Identify the top sectors in the target market attracting the investments
  • For any investment segment, identify the top Investors inside and outside the target economy that are already investing in the Segment
  • Assess and showcase the growth potential for various Industries in the target economy
Don’t miss out on key market insights that can help optimize your next investment – read the report now.
by GlobalData
Enter your details here to receive your free Report.

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