Runge Limited, a leading global mining advisory and technology firm, has today announced its formal partnership with a leading mining and energy company, China Kingho Energy Group, after the two companies signed a Strategic Collaboration Memorandum of Understanding (MOU) earlier this month.
This move formalises an already strong relationship between the companies and will see further collaboration on Kingho’s worldwide projects from capital listing and exploratory advice to mine development and expansion strategies.
Richard Mathews, CEO of Runge, said “the signing of this MOU will lay the foundation for Runge to work closely with Kingho as they take their highly successful business model global.”
Through this relationship Kingho will have access to Runge’s global network of mining specialists to provide expertise and advice in their assessment and development of mining projects.
This relationship is not new however, with Runge already providing assistance on two long-term Kingho projects: the development of two greenfield iron ore projects in Sierra Leone and a new lump iron project in Benin.
“Kingho is pleased to already be working with Runge to ensure some of our early stage exploration projects meet international standards in the areas of resource and mine planning,” said a representative from Kingho.
Building on this, Runge will work with Kingho in the future as its independent technical experts while it investigates capital listing opportunities in various financial markets, looks to improve the technology solutions in its mines in China and seeks mining projects that align with its global expansion strategies.
“We look forward to continuing to grow our relationship with Runge as we look to expand and invest in the western provinces of China and abroad,” added the Kingho representative.
Kingho has operations throughout China, Mongolia and Africa and are listed in the top 100 coal companies in China as well as the top 500 private enterprises in China.
Adapted from press release by Lauren Bryant.