GBE 0.00% 6.5¢ globe metals & mining limited

"Malawi is also optimistic that the Kanyika Niobium Project will...

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    "Malawi is also optimistic that the Kanyika Niobium Project will come on stream in the near future as currently discussions between the developer, Australia’s Globe Metals & Mining and potential off-take partners are still going on.
    Globe Metals & Mining finalized a feasibility study including a bulk sampling study at Kanyika and is currently courting financial partners to kickstart mining.
    Meanwhile, delays in the commencement of mining at Kanyika has negatively affected members of the local community who were in 2014 advised by the local government authority to relocate and stop cultivating their crops at the site to pave way for mining to start.
    After years of waiting to be compensated, the communities have opted to resume their day to day activities at the site"
    .The contribution of mining to Malawi’s gross domestic product, which rose to above 3% when the Kayelekera Uranium Mine was on stream, has declined to a staggering 1%"
    (.Mining & Trade Review (December 2016)
 
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