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Multi-million pound minerals processing plant confirmed for Teesside bringing 130 jobs
Peak Resources is to take on a 250-year lease to develop a rare earth processing plant at Wilton
09:06, 28 MAY 2021
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Thank you for subscribingWe have more newslettersShow meSee ourprivacy notice Plans for a multi-million pound rare earth refinery on Teesside creating 130 jobs have taken a major step forward after the firm behind the scheme agreed a deal to develop land at Wilton.
Australian firm Peak Resources announced on Friday it is to take on a 250-year lease over a 19-hectare parcel of land at the Wilton International Site.
Peak Resources (ASX:PEK) boosted by Tanzanian Minister’s comment
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Peak Resources (PEK) shares have spiked after a Tanzanian Minister made a comment regarding a subsidiary’s mining application
Minister Dotto Biteko revealed plans to issue another special mining licence to PR NG Minerals for the Ngualla Rare Earth Project
Peak Resources is aware of speculation that its SML application may have been considered at a recent Tanzanian Cabinet meeting
Despite the Minister’s comment, the company has not received any official confirmation that the Cabinet has considered approving its application