Nine countries join U.S. strategic minerals initiative | Financial Post

Nine countries join U.S. strategic minerals initiative | Financial Post: Nine countries join U.S. strategic minerals initiative

Reuters
September 26, 2019
The United States on Thursday said nine countries have joined its initiative to help discover and develop reserves of minerals used to make electric vehicles, part of an effort to cut the world’s reliance on China for the high-tech materials.

Secretary of State Mike Pompeo on Thursday met with foreign ministers from the nine countries on the sidelines of the United Nations General Assembly in New York.

Mkango Resources Appoints SENET As Songwe Hill... | Morningstar

Mkango Resources Appoints SENET As Songwe Hill... | Morningstar: NewsMkango Resources Appoints SENET As Songwe Hill Project Manager(Alliance News) - Rare earths development company Mkango Resources Ltd said Monday it has ...
Alliance News9 September, 2019 | 12:56PM
(Alliance News) - Rare earths development company Mkango Resources Ltd said Monday it has appointed SENET as lead engineer and project manager for completing the feasibility study for the Songwe Hill project in Malawi.

SENET is a project management and engineering firm, which is part of diversified engineering, project delivery group DRA Global.

SENET's appointment is said to be another key milestone for completing the feasibility study and developing the project.

Mkango Resources Continues Work On Malawi Projects | Morningstar

Mkango Resources Continues Work On Malawi Projects | Morningstar: Mkango Resources Continues Work On Malawi Projects (Alliance News) - Mkango Resources Ltd said Monday it has made progress over the Songwe Hill rare ...
Alliance News19 August, 2019 | 10:18AM
(Alliance News) - Mkango Resources Ltd said Monday it has made progress over the Songwe Hill rare earths project and Thambani uranium-tantalum-niobium project, both located in Malawi.

OUR COMMENTS on Mkango Mining Plans

OUR COMMENTS on Mkango Mining Plans 

In June 2017 it was headlined that Canada's Mkango Resources would start mining rare earth in Malawi in 2020  READ HERE In 2018 we were informed that the feasibility study would be completed in 2019. Early this year we heard, Talaxis will invest a further £7 million (about K6.6 billion)  to fund the completion of the feasibility study for Songwe, which will be the main focus for 2019, Upon receiving the Talaxis money the company reported that the feasibility study for Songwe, which is currently underway and expected to be completed in 2020. which had been the initial date for starting the mining.  And this month we have been informed that the mining will start in 2024 READ MORE.

The explanation provided is: “We need two years to conduct definitive feasibility studies to be 100 per cent sure of what’s in the ground and how to extract it. After analysing the findings, we will compile a document to be used to raise funding for the project before we can start constructing the mine”.  

Mkango does not seem to be in a particular hurry.

And for a company have another exploration licence – Thambani, the pace and the schedules they are working do not help us in planning for our future on this vital resource.

For more than a decade now a major rare earth resource at Kangakunde has been held up one south Africa mineral explorer, Mr. Michael Saner, asking US100 million dollar. Apparently, he has relented and was joining up with another Australian company to get started. Y=There is apparently some disagreed over ownership or  something (READ HERE)and, once again, the countries are being held at ransom.

We have heard no sounds of protest from the government.

We believe the government should insist on harder timelines for such projects.

MetalNRG to acquire 75% interest in Thambani uranium licence

MetalNRG to acquire 75% interest in Thambani uranium licence: MetalNRG to acquire 75% interest in Thambani uranium licence
SHARE
MetalNRG has signed an agreement to acquire up to a 75% interest in Mkango Resources’ Thambani exclusive prospecting licence in Malawi.

Under the non-binding heads of terms agreement, MetalNRG will invest up to $2m on exploration to earn the interest.

The agreement terms outline that MetalNRG and Mkango will enter into a binding definitive agreement on or before the 30 June.

Mkango Resources Ltd well-funded through deal with Talaxis

Mkango Resources Ltd well-funded through deal with Talaxis: Malawi-focused Mkango Resources Ltd (LON:MKA) closed 2018 with cash of US$2.4mln, a figure boosted by its collaboration with Noble Group division Talaxis.

Since then, the junior has received a further US$9mln from Talaxis following completion of a technical report on the Songwe Hill rare earth project.

Through that investment, Talaxis increased its stake in Lancaster Exploration, the holder of the licence for Songwe in Malawi, to 49%; Mkango holds the remaining 51%.

Mkango posted a loss of US$7.2mln in 2018 as it ramped up spending on a feasibility study at Songwe Hill that will be finished next year.

Once that is published, Talaxis has the option to take a further 26% of the project in return for arranging the finance to take it through to production.

Mkango receives £7mln triggered investment from Talaxi

Mkango Resources Ltd (LON:MKA) has received £7mln from Talaxis to fund the completion of the feasibility study for the Songwe Hill rare-earths project.

The cash infusion was triggered by the publication of a NI 43-101 technical report resource update a week ago

TO READ MORE

Mkango Reports 60% Increase In Total Resources To... | Morningstar

Mkango Reports 60% Increase In Total Resources To... | Morningstar: LONDON (Alliance News) - Mkango Resources Ltd on Monday reported a 60% increase in its total resources to 21 million tonnes. Furthermore, the company said it achieved all the key objectives of its 2018 drilling programme, with the updated resource underpinning the ongoing feasibility study. At the company's Songwe Hill rare earths project in Malawi, approximately 95% of the measured and indicated mineral resource blocks are less than 160 metres below the surface, indicating that the majority will be accessible by open pit mining.

Mkango Resources Ltd increases mineral resource estimate at Songwe

Mkango Resources Ltd increases mineral resource estimate at Songwe: Mkango now has 21mln tonnes of rare earths ore grading 1.41% in the measured and indicated category Download Mkango Resources Ltd Capital Network report here The next �7mln tranche of investment from Talaxis is now due Mkango Resources Ltd (LON:MKA) has increased the mineral resource estimate at its Songwe Hill rare earths project in Malawi. The results from last year’s “highly successful” drill programme have allowed the explorer to increase the measured and indicated resource estimate to 21mln tonnes grading 1.41%.

Sovereign raises A$4m for Malawi project

Sovereign raises A$4m for Malawi project: Sovereign raises A$4m for Malawi project  ASX-listed junior Sovereign Metals is hoping to raise A$4.3-million through a share placement to advance the development of its Malingunde flake graphite project, in Malawi.

Rare Earth Metals Market growing at 9% CAGR up to 2024

Rare Earth Metals Market growing at 9% CAGR up to 2024: HomenewsRare Earth Metals Market growing at 9% CAGR up to 2024| China Minmetals Rare Earth Co. Ltd., Neo Performance Materials,
Taking into account the potential that this vertical holds, rare earth metals market giants have been making major investments in numerous drilling programs across several geographies. Validating the aforementioned fact, a few days before, the Canada headquartered mineral exploration and development company, Mkango Resources Ltd. took a step forward to carry out drilling in the East-African country, Malawi.Following the lines of numerous industry verticals, rare earth metals market has also succumbed to the vast expanse of technology, emerging as a pivotal sphere of the polymers space. In the current scenario, numerous electronic components ranging from computer hard drives and cellular phones to electronic displays and hybrid vehicles have been deploying rare earth metals

Mkango Identifies Further Extensions of Mineralisation in Latest Drill Results From the Songwe Hill Rare Earths Project in Malawi TSX Venture Exchange:MKA

Mkango Identifies Further Extensions of Mineralisation in Latest Drill Results From the Songwe Hill Rare Earths Project in Malawi TSX Venture Exchange:MKA: Mkango Identifies Further Extensions of Mineralisation in Latest Drill Results From the Songwe Hill Rare Earths Project in Malawi Email Print Friendly Share September 20, 2018 02:00 ET | Source: Mkango Resources Ltd. LONDON and CALGARY, Alberta, Sept. 20, 2018 (GLOBE NEWSWIRE) -- Mkango Resources Ltd. (AIM / TSXV: MKA) (the "Company" or "Mkango") is pleased to announce results for a further nine holes from the recently completed 10,900 metre diamond drill programme at the Songwe Hill Rare Earths Project (“Songwe”) in Malawi. The drilling programme is a key component of the ongoing initial phases of the Feasibility Study for Songwe, which is fully funded following investments by Mkango’s strategic partner, Talaxis Limited, in January 2018

Mkango Resources encouraged by drilling results at Malawi rare earths project, 21 Aug 2018 09:13 | Shares Magazine

Mkango Resources encouraged by drilling results at Malawi rare earths project, 21 Aug 2018 09:13 | Shares Magazine: Mkango Resources encouraged by drilling results at Malawi rare earths project
21 August 2018, 09:13Source - SMW
Mkango Resources said it had generated encouraging results from test drilling at its Songwe Hill rare earths project in Malawi.

Highlights from the first eight wells included 147.2m grading 1.6% of total rare earths oxides, the company said.

'These are an excellent first set of results from the current programme and we look forward to announcing results from the remaining approximately 75 drill holes as they become available,' the company said.

Alex Lemon, Mkango Resources Ltd (TSX-V: AIM: MKA) Interview - Share Talk

Alex Lemon, Mkango Resources Ltd (TSX-V: AIM: MKA) Interview - Share Talk: Alex Lemon (Co-founder & President) of Mkango Resources Ltd answers shareholders questions and�gives us an update on major diamond drilling programme that commenced – June 2018 at the Songwe Hill Rare Earths Project (“Songwe”) in Malawi. The drilling programme is a key component of the Feasibility Study for Songwe, which is being fully funded by Talaxis Limited (“Talaxis”), a subsidiary of Noble Group Ltd.

Mkango Resources Ltd says initial phases of the feasibility for Songwe Hill are underway

Mkango Resources Ltd says initial phases of the feasibility for Songwe Hill are underway: "Mkango Resources says initial phases of the feasibility for Songwe Hill are underway
Share
08:13 03 May 2018
Over 50 drill pads are being constructed for the drill programme, as well as an enlarged camp to accommodate the larger team versus previous drill programmes

Mkango is targeting completion of an updated Mineral Resource Estimate by the end of 2018
Mkango Resources Ltd (LON:MKA, CVE:MKA) said the initial phases of the feasibility study for the Songwe Hill rare earths deposit has started.

Drilling is targeted to commence within the next month, once all drill roads and pads are completed, Mkango said."



'via Blog this'

Mkango Announces Shareholder Approval for Talaxis Transaction TSX Venture Exchange:MKA

Mkango Announces Shareholder Approval for Talaxis Transaction TSX Venture Exchange:MKA: "



S Mkango Resources Ltd. (AIM:MKA) (TSX-V:MKA) (the "Company" or "Mkango") is pleased announce that shareholders have approved the entering into and completion of the previously announced investment transaction with Talaxis Limited (“Talaxis”) on a disinterested basis (after excluding any votes represented by shares held by Talaxis) at its annual and special meeting of shareholders held in Toronto today (the “Meeting”)."



'via Blog this'

Funding for Songwe Hill rare earths project in Malawi secured

Funding for Songwe Hill rare earths project in Malawi secured: "Funding for rare earths project in Malawi secured

TSXV-listed Mkango Resources has entered an agreement with Talaxis, a wholly-owned subsidiary of Noble Group, to fund development of the rare earths project in Malawi.

Talaxis has agreed to fully fund a bankable feasibility study (BFS) for the project  in Malawi for a return of 49% interest in it."



'via Blog this'

Mkango raises £500 000

Mkango raises £500 000: "OHANNESBURG (miningweekly.com) – Dual-listed Mkango Resources has started Phase 2 of its research and development programme with Metalysis and has raised £500 000 in a share placing to help fund the programme."



'via Blog this'

Sovereign Metals delivers high-purity graphite in Malawi

Sovereign Metals delivers high-purity graphite in Malawi: "Sovereign Metals (ASX:SVM) has delivered high-purity concentrates averaging 98.6% graphite from the latest flotation testwork on the saprolite from its Malingunde flake graphite deposit in Malawi. Importantly, increased grade of final concentrates has been achieved with minimal deterioration in flake size, highlighting the simplicity and flexibility of the Malingunde process flow sheet"



'via Blog this'

Malawi's central bank rates cut excite economists; good for investments and triggers economic growth - The Maravi Post

Malawi's central bank rates cut excite economists; good for investments and triggers economic growth  - The Maravi Post: "
Reserve Bank of Malawi: reduces bank rates from 24 percent to 22%
LILONGWE-(MaraviPost)- Economic experts and general public have welcomed the Reserve Bank of Malawi’s (RBM)’s decision to reduce bank rates from 24 percent to 22% and they described the move as a recipe for attracting good investments in the country."



'via Blog this'