The South African engineering firm Thuthuka has agreed to invest USD 10.6 million in a JV to develop the Kanyika niobium project in Malawi, owned by ASX listed Globe Metals & Mining.
The investment would fund about 85% of the estimated costs of the bankable feasibility study into the niobium project, which would start immediately. The bankable feasibility study was likely to be completed by December next year. For its USD 10.6 million investment, Thuthuka would earn a 25% interest in the project. READ MORE
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