Orecorp Completes Early Contractor Involvement Process for Tanzanian Gold Project; Shares Down 3%

OreCorp (ASX:ORR) completed the early contractor involvement (ECI) process for the development of the Nyanzaga gold project in Tanzania within the agreed timeframe and contract sum. Subsidiary Sotta Mining awarded ECI contracts earlier this year to Ausenco Services and DRA Global (ASX:DRA), according to a Tuesday news release. The ECI process involved Ausenco Services and DRA Global completing early engineering and design activities, including value identification and optimization studies. OreCorp shares were down 3% in recent trade. Price (AUD): $0.49, Change: $-0.01, Percent Change: -2.97%