AVZ Minerals Limited (ASX: AVZ, "The Company") advises that strategic shareholder Zhejiang Huayou Cobalt Co., Ltd (SHA:603799, Mkt Cap US$4.5bn) through its group company Huayou International Mining (Hong Kong) Limited, ("Huayou Cobalt Group") has purchased additional shares on market to increase its shareholding in AVZ to 9.49%.
Huayou Cobalt Group Increases Shareholding in AVZ
Huayou Cobalt Group is one of the world's largest manufacturers of cobalt chemicals for use in batteries and has extensive in-country experience with a number of established mining operations in the Democratic Republic of Congo.
AVZ Managing Director, Mr Nigel Ferguson said:
"We welcome Huayou Cobalt Group's continued support in the Manono Lithium and Tin Project. This illustrates the world-class quality and potential of the Manono Lithium and Tin Project. We look forward to working with Huayou Cobalt Group during this exciting time to bring the Manono Project into production."
For further information, visit www.avzminerals.com.au or contact:Mr. Leonard Math Company Secretary AVZ Minerals Limited Phone: +61 8 6117 9397
Media Enquiries: Mr. Luke Forrestal Media + Capital Partners Phone: +61 411 479 144
18 March 2019
AVZ Minerals Limited
Level 2, Suite 9
389 Oxford Street Mt Hawthorn, WA 6016
AustraliaT: + 61 8 6117 9397
F: + 61 8 6117 9330 E:firstname.lastname@example.org
W:www.avzminerals.comABN 81 125 176 703
Managing Director: Nigel Ferguson Technical Director: Graeme Johnston Non-Executive Director: Rhett Brans Non-Executive Director: Hongliang Chen Non-Executive Director: Guy Loando
ASX Code: AVZ
AVZ Minerals Limited published this content on 18 March 2019 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 18 March 2019 02:23:04 UTC