Monthly Archives: May 2011

Termination of TinCom Joint Venture

“While it is disappointing that the JVA has terminated, the opportunities for establishment of a commercial scale project using the Coldry technology are stronger now than they have ever been before. During the period of engagement with Tincom, ECT continued actively to work on the commercialisation of Coldry, and many aspects of the project were progressed, especially design and construction requirements. The end of the JV frees up ECT to explore a number of other promising commercial opportunities, directly with large Asian coal buyers with a history of investment in mine and transport development that have emerged in the last two years.” Kos Galtos, Chief Executive Continue Reading >