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Arianne Phosphate announces MOU agreement with ABB to act as a key technical supplier to the Lac à Paul project
Arianne Phosphate announces MOU agreement with ABB to act as a key technical supplier to t...
About this update from Arianne Phosphate Inc.
[{"type":"text","content":"\n\n\n\nArianne Phosphate announces MOU agreement with ABB to act as a key technical supplier to the Lac à Paul project\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n\n\n\n\n\n\n\nCanada NewsWire\nSAGUENAY, QC, March 2, 2017\n\n\n\nDAN: TSX-V (Canada)JE9N: FSE (Germany)DRRSF: OTC (USA) \n\n-Collaboration on Financing Discussions Part of the Agreement\n\n\n\nSAGUENAY, QC, March 2, 2017 /CNW Telbec/ - Arianne Phosphate (the \"Company\" or \"Arianne\") (TSXV: DAN) (OTC: DRRSF) (FRANKFURT: JE9N), a development-stage phosphate mining company, advancing the Lac à Paul project in Quebec's Saguenay-Lac-Saint-Jean region, is pleased to announce the signing of a memorandum of understanding (\"MOU\") agreement with ABB Inc. to provide engineering, procurement and support services for integrated electrification and automated mining solutions.\n\n\n \n \n\n \n\"Over the last few months, Arianne has been working closely with potential suppliers for key aspects of the project to provide the necessary technical, engineering, procurement and construction services required in developing the Lac à Paul project,\" said Jean-Sebastien David, Arianne's COO. \"By choosing to work directly with the various service providers on specific aspects of the project, it allows us to retain full control over the course and cost of development and, have our selected partners help us to continue to optimize the functionality and economics of our project. The agreement with ABB fits directly into this plan as they are a global leader in power and automation technologies for the mining industry.\"\n\nAside from scope of work and scheduling, this agreement also looks to address the financial necessities of funding this major work package. As part of this agreement, ABB has committed to assist Arianne with possible financing strategies and has already introduced the Lac à Paul project to the Swiss Export Credit Agency (\"ECA\") SERV. \"The work involved in this contract represents a significant portion of our projected CapEx,\" said Brian Ostroff, CEO ...