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Australia’s Strandline Resources has agreed to sell its Tanzania mineral sands assets to a subsidiary of rare earths and mineral sands miner Shenghe Resources.
Strandline will receive a total of $43-million, comprising A$27.2-million for the sale of Strandline’s shares in the Tanzania projects and A$15.8-million for the assignment to Shenghe of Strandline’s various inter-company loans to the projects. ....
Tanzania government has expressed confidence in attaining 10 per cent contribution from the mining sector to the Gross Domestic Product (GDP) come 2025. ....
An additional news report on the recommendation, valuation, forecast and opinion changes for ASX-listed equities. In addition to The Australian Broker Call Report, which is published and updated daily (Mon-Fri), FNArena has now added The Australian Broker Call Extra Edition, featuring additional sources of research and insights on ASX-listed stocks, also enlarging the number of stocks that make up the FNArena universe. One key difference is the Extra Edition will not be updated daily, but merely regularly depending on availability of suitable quality content. As such, the Extra Edition tries to build a bridge between daily updates via the Australian Broker Call Report and ad hoc news stories, that are not always timely for investors hungry for the next information update. ....
Strandline Resources progresses debt facility for Coburn mineral sands project, advances exploration at Tanzania assets January 28, 2021 Strandline Resources has shortlisted lenders regarding a $100 million debt tranche, which is the remaining funding required to develop Coburn. 16SHARES Perth-based explorer Strandline Resources (ASX: STA) has spent the three months to December 2020 advancing a commercial debt facility to finance development of its flagship $260 million Coburn minerals sands project in WA. In a quarterly report released today, the company confirmed it was in detailed discussions with shortlisted lenders regarding the proposed $100 million debt tranche, which will stand alongside a 15-year, $150 million loan under the Commonwealth Government’s Northern Australia Infrastructure Facility. ....
Mineral sands stocks on the ASX: The Ultimate Guide 197SHARES A lesser understood, yet essential section of the resources sector is mineral sands, with several ASX-listed plays geared to take advantage of forecast supply gaps in the coming years. The mineral sand suite is critical to numerous products found in everyday life from toothpaste to tiles, to the paint you put on your walls or the titanium metal used in human implants or found in aircraft and golf clubs. Various minerals are included in the mineral sand suite, but the ones primarily sought from mining are ilmenite, leucoxene, rutile and zircon. ....