Mining contracts under microscope | Nation Online mwnation.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mwnation.com Daily Mail and Mail on Sunday newspapers.
Australia-listed Globe Metals and Mining has reported that capital funding requirements for Phase 1 project development at its Kanyika Niobium project, in Malawi, have been finalised at an estimated $46-million, inclusive of a 25% project contingency allocation. The company says the Phase 1 project development plan is confirmed with a clear path to project construction.
At a time government has earmarked agriculture, tourism and mining (ATM) as key sectors to spearhead economic growth, a geological expert has urged authorities to prioritise four key mining projects. The projects are Songwe Hills Rare Earth Project in Phalombe, Kangankunde Rare Earth in Balaka, Kanyika Niobium in Mzimba and Kayerekera Uranium Mine in Karonga.
Globe Metals and Mining now also trading on German stock exchanges proactiveinvestors.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from proactiveinvestors.com.au Daily Mail and Mail on Sunday newspapers.