The MoU lays the foundation for Runge and Kingho to become strategic partners as Kingho takes its business model to Africa, the Commonwealth of Independent States and Mongolia.
It also confirms Runge’s place as a preferred supplier to Kingho.
The MoU will give Kingho access to Runge’s global network of mining specialists to provide expertise in project assessments and development advisory.
There will also be an operational support and technology services role.
The agreement is non-binding for an initial 12 months.