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Malian Delegation Visits Ruifu Lithium Corporation
Malian Delegation Visits Ruifu Lithium Corporation.
About this update from Kodal Minerals Plc
[{"type":"text","content":"\n \nRNS Number : 0711F Kodal Minerals PLC 24 October 2018 \n\nKodal Minerals Plc / Index: AIM / Epic: KOD / Sector: Mining\n \n24 October 2018\n \nKodal Minerals plc ('Kodal Minerals' or the 'Company')\n \nMalian Delegation Visits the Ruifu Lithium Corporation in China\n \nKodal Minerals, the mineral exploration and development company focused on the exploration and development of its Bougouni Lithium Project in Southern Mali, West Africa, is pleased to report that a delegation of Malian officials, including the Mali Minister for Mines and Petroleum, Mrs Lelenta Hawa Baba Ba, recently visited the Shandong Ruifu Lithium Corporation ('Ruifu') lithium carbonate plant in Feicheng City, Tai'An in the Shandong Province of China. The visit, which is part of a coordinated strategy by the Government of Mali to diversify and expand its mining industry, was organised and hosted by the Company in collaboration with Kodal's major shareholder, Suay Chin International Pte Ltd ('Suay Chin') together with Suay Chin's associated party, Ruifu, one of the largest lithium carbonate producers in China.\n \nDr Qingtao Zeng, Suay Chin's representative director on the Board of Kodal, hosted the delegates, who, in addition to Mrs Lelenta, included Presidential advisers, Mr Osmane Mamadou Konate and Mr Tidiane Kouyate, as well as the Minister's adviser and various other representatives from Mali. During the visit, delegates were given a tour of the plant, which has production capacity of up to 20,000t of lithium carbonate per annum, and were able to verify the spodumene concentrate feed to the facility. Although the current spodumene source comes from Canada and Australia, the Malian officials and Ruifu jointly demonstrated interest in ensuring that future lithium concentrate products could be supplied to this plant by Future Minerals SARL, a fully owned subsidiary of Kodal Minerals. These expressions of interest further support the Company's previously announced off-take agreement with Suay Chin for up to 100% of Kodal's lithium output from its Bougouni Lithium Project in Mali.\n \nDr Qingtao Zeng, Director of Kodal Minerals, said: \"This visit highlights the clear spirit of cooperation between the Malian Government and overseas investors in collaborating to unlock the country's strategic natur...