High grade Mn ore at 70% is to be mined in Zambia. Why would a smelter set up in Indonesia when the power is so expensive. Just ship the 70% grade Mn ore from Zambia to the cheap powered smelters in Sarawak. High grade ore from Zambia will be a cheap as chips, better than GMC using bags to pick up lumps of Mn in Indonesia.
Maxtech Files for Two Large Scale Manganese Exploration Licenses in Zambia
C.MVT | 2 days ago
Maxtech Files for Two Large Scale Manganese Exploration Licenses in Zambia
Formalizes Zambian Subsidiary “MMZL”
Vancouver, British Columbia
(FSCwire) - Maxtech Ventures Inc. (CSE: MVT) (Frankfurt: M1N) (OTC: MTEHF), (“Maxtech” or the “Company”) through its subsidiary, Maxtech Mining Zambia Limited (“ Maxtech Zambia or MMZL”), is pleased to announce that it is filing for two large scale exploration licenses in Zambia.
Maxtech Zambia is preparing the final documentation and filing of two large scale exploration licenses in the Central Province of Zambia. The two specific license areas have shown the potential for high-grade manganese mineralization with grades up to 70% Mn as well as vanadium from initial research prepared by the Company’s Zambian-based geology team, GeoQuest. The exploration licenses have detailed exploration and production outlines up to 4 years covering cobalt, vanadium, nickel and copper mining rights on the areas.
Maxtech Zambia will continue to utilize the services of Lusaka-based geological and exploration consultants GeoQuest Limited to conduct exploration activities and manage all MMZL operations on the ground in Zambia. Their work will initially concentrate on the search for and evaluation of commercially viable quantities and grades of manganese ore with a view to applying for mining licenses as quickly as possible if warranted. GeoQuest will also serve as the authorized agent to the Zambia Chamber of Mines (ZCM) for Maxtech Zambia.
On April 23, 2018, the Company received final approval for the formation of its subsidiary Maxtech Zambia Mining Limited (“Maxtech Zambia”) from the Patents & Companies Registration Agency (PACRA) in Zambia. Maxtech Zambia is located in Lusaka and registered as an exploration and quarrying company and has commenced operations. Jonathan Ambali of BDO Zambia Limited as well as Peter Wilson CEO of Maxtech will hold Directorships in the subsidiary.
“Zambia is a world class mining jurisdiction. Applying for our first wholly owned license areas is in step with creating a larger manganese footprint utilizing our global strategic relationships and potential offtake partners in foreign markets,” noted Peter Wilson, CEO of Maxtech.
Read more at
http://www.stockhouse.com/news/pres...ration-licenses-in-zambia#BWpDcpegTu4KQzC3.99
