Linc said on Thursday it had signed formal agreements for Exxaro to be granted a licence to use Linc’s UCG intellectual property in the sub-Saharan Africa region. These deals include an intellectual property licence agreement, services agreement and a master agreement.
Under the arrangement, Exxaro will pay an upfront licence fee of A$20 million (US$19.3 million) for the intellectual property deal and a further A$7 million upon the initial UCG project passing agreed performance tests.
