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Sovereign Wealth Funds Briefing - Categorized | Market

Oman Investment Fund signs MoU to back antimony roasting facility

Posted on 22 October 2013

On October 9, 2013, London-based Tri-Star Resources signed a non-binding Memorandum of Understanding (MoU) with the Oman Investment Fund and Castell Investments Limited, a subsidiary of Dubai Transport Company, to create a joint venture company to build and operate an antimony roasting facility in Oman. Publicly-traded Tri-Star Resources is an integrated antimony development company.
The joint venture company is to be called Strategic and Precious Metals Processing LLC and will be incorporated in the Sohar Free Trade Zone in Oman. The facility is estimated to cost US$ 60 million. Final binding joint venture agreements are expected to be completed in November 2013………………………………………..Full Article: Source


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