LionGold Corp signs framework deal with CBMI Construction on mining collaboration
LionGold Corp has signed a framework agreement with CBMI Construction Co as a first step for LionGold to appoint CBMI as its primary contractor for the group's gold mining projects globally.
CBMI is a wholly-owned subsidiary of China's state-owned Sinoma Group Corp and a leading integrated engineering contractor.
Under the agreement, CBMI would work in partnership with LionGold in project and related infrastructure development, mine operation and maintenance and procurement of supplies.
The agreement also provides a platform for collaboration on new gold investment opportunities as well as project financing.