Environmental Clean Technologies Limited (ASX:ESI and ECT or Company) today confirmed it is in discussions with the National Mineral Development Corporation of India (NMDC) in relation to the Matmor technology.
- Discussion underway
- Preliminary testing completed, with encouraging results
The company previously advised, via our update to the market on 1 April 2014:
“… the Company commenced discussions with significant mineral development parties interested in exploring the potential opportunity around our Matmor iron making technology…
… ECT will shortly receive samples of iron ore and suitable lignite, drawn from India, for evaluation in Matmor technology.
The Company’s aim is to attract a joint venture partner in India to commercialise Matmor.”
Following on from these activities, NMDC’s Chairman & Managing Director Mr Narendra Kothari made reference to ECT and Matmor in his speech to NMDC’s shareholders at their recent AGM, which was subsequently picked up by the media (links provided below).
ECT Managing Director Ashley Moore stated, “There are ongoing discussions subject to confidentiality requirements, to explore the application of Matmor technology. We have tested several NMDC samples, with encouraging results.”
The Company is unable to provide further comment at this stage and will at all times comply with its CONTINUOUS DISCLOSURE OBLIGATIONS.
- NMDC Press Release: https://www.nmdc.co.in/Press%20and%20Media/PressRelease.aspx (Chairman’s speech)
- Mining Weekly article: http://www.miningweekly.com/article/india-australia-collaboration-to-develop-coal-and-iron-ore-technologies-2014-10-06
For further information contact:
Ashley Moore – Managing Director [email protected]