Today Alien announces that its wholly owned subsidiary, Iron Ore Company of Australia Pty Ltd (“IOCA”), has entered into a Memorandum of Understanding (“MOU”) with Element 25 Ltd (ASX Code: E25, Market Cap. AUD 162M, No Rec). The MOU covers the sharing of bunker allocation at the Utah Point export facility, and the sharing of offsite storage capacity. A partnership between IOCA and E25 provides operational flexibility and reduces logistical costs.
04 Nov 2022
WH Ireland: Alien Metals (UFO) - IOCA executes MOU for iron ore bunker allocation at Pilbara Ports Utah Point
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WH Ireland: Alien Metals (UFO) - IOCA executes MOU for iron ore bunker allocation at Pilbara Ports Utah Point
Alien Metals Ltd (UFO:LON) | 0.2 0 0.0% | Mkt Cap: 11.5m
- Published:
04 Nov 2022 -
Author:
Paul Smith | David Seers -
Pages:
4
Today Alien announces that its wholly owned subsidiary, Iron Ore Company of Australia Pty Ltd (“IOCA”), has entered into a Memorandum of Understanding (“MOU”) with Element 25 Ltd (ASX Code: E25, Market Cap. AUD 162M, No Rec). The MOU covers the sharing of bunker allocation at the Utah Point export facility, and the sharing of offsite storage capacity. A partnership between IOCA and E25 provides operational flexibility and reduces logistical costs.