First flagged in March, the final agreement essentially reflects the original heads of agreement with plans to step through a number of stages to derisk McIntosh and potentially get the operation into production before the end of 2021 - but with some changes to the marketing of the final product.
Hexagon and MinRes will no longer establish a special purpose company for the joint marketing of graphite concentrates, but will negotiate a joint graphite concentrate marketing framework agreement to achieve the same common branding, marketing collaboration and non-compete outcomes originally envisaged - but "without the administration issues", Hexagon said this morning.
Hexagon is "pursuing its own path" by pursing downstream ...
