Source - SMW
Metal Tiger has signed a Memorandum of Understanding with Al-Sharif Group (ASG) based in the Kingdom of Saudi Arabia to explore mining and related financing opportunities globally, in the Gulf Cooperation Council (GCC) region and also Saudi Arabia.

KEY POINTS:

- MTR and ASG to explore project level joint venture and/or co-investment opportunities with MTR both regionally and internationally; 

- ASG and MTR to consider access to capital from the GCC region for mining related opportunities; 

- MTR to support ASG in developing its base of contacts and access to relevant quality expertise in the mining sector; 

- ASG to introduce attractive mining opportunities in Saudi Arabia, the GCC region and possibly globally through its local and extended network of contacts; 

- ASG to work with MTR to enhance awareness in the GCC region and in particular Saudi Arabia of investment opportunities in mining; and 

- MTR and ASG to discuss the viability of a UK listed investing/operating company focussed on mining opportunities globally but with a focus on Saudi opportunities.   





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