Globe meets Malawi Government

Amanda Ellis
MiningNews.Net

Globe said it met with heads of government ministries in the country’s capital, Lilongwe, late in March, at a meeting attended and opened by Malawi’s minister for mines and energy, the Honourable Ted A Kalebe.

The company presented its multi-commodity project to senior representatives of ministries, including finance, environmental affairs, mines and energy, health, water, labour and social development, justice, and economic planning and development, and to the country’s revenue authority.

Globe is currently preparing a prefeasibility study for the project, which has an inferred deposit of 56 million tonnes niobium at 2600 parts per million and includes a higher grade component of 14Mt at 3700ppm niobium. It also contains uranium, tantalum and zircon.

Discussions are to resume with a government committee made up of the heads of relevant government ministries in June, after the results of a national election on May 19 are known. The talks will cover aspects relevant to a future mining licence application for Nanyika – mining, engineering, operations, and legal, fiscal and revenue factors, along with social and environmental issues.

Globe began a mini-pilot metallurgical program to produce steel-grade niobium at the site last month, and said a second objective was to assess the economic viability of recovering tantalum and uranium by-products. The company had a $19.6 million loss-after-tax in the half-year to December 31, and
had $4.64 million in cash and cash equivalents.

Globe shares were up 0.5c by late morning, to 12c.