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Friday, September 28, 2018

Tanzanian junior expands focus to develop large-scale rare earths project in Malawi

Tanzanian junior expands focus to develop large-scale rare earths project in Malawi: While focused on advancing its Lushoto bauxite project in Tanzania, ASX-listed Lindian Resources has expanded its East African project portfolio having progressed with its acquisition of up to a 75% interest in a major rare earths project in Malawi. A consent order between the Malawi Ministry of Natural Resources and Environmental Affairs and Michael Saner has been signed for the Kangankunde rare earths project in Malawi – reportedly one of the largest rare earths projects outside of China. The acquisition was announced in August, the seller – Rift Valley Resources

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