# Trigon Metals signs MoU for investment from Shandong Xinhai

Trigon Metals signed a non-binding MoU for Shandong Xinhai Mining Technology and Equipment to invest up to 10% of the capital requirements of the Kombat project in Namibia, in exchange for equity. Xinhai will also assist in securing up to 80% additional debt financing.

- Type: Investment
- Announced: 2019-03-08
- Where: Kombat, northern Namibia, Namibia
- Status: announced
- Products: copper mining services
- Sectors: [Mining Equipment](https://endata.com/sectors/mining-equipment.md)

## Companies

- [Trigon Metals](https://endata.com/companies/37874.md)
- [Shandong Xinhai Mining Technology and Equipment](https://endata.com/companies/37875.md) (investor)

## Sources

- [mining-technology.com](https://www.mining-technology.com/news/trigon-mou-xinhai/), 2019-03-08: "In partnering with Xinhai, we have gained access to both the funding and technical services necessary for the restart of mining operations at Kombat."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.