Question: How do you assure the Kanyika community of the future...

Question: How do you assure the Kanyika community of the future of the project understanding the thinking from some circles that the Chinese investors in Globe are fooling us Malawians as they just want to keep on speculating just to reserve the project’s resource and keep it away from other investors? I am asking this question on the understanding that in China they have plenty of such resources.
Response: The project will certainly take off the ground at some point although it is difficult to predict as to when. Globe has now and again announced that it is looking for a local partner in the wake that the Chinese may not be willing to participate (a local consortium already identified). The bottom line is that the metal prices are low worldwide and many companies are not willing to proceed with opening new mines. Two-three years from now, when the prices pick up, the song will be different. This type of cycle is not unusual in the mining industry.

https://mininginmalawi.com/2016/04/...obium-project-mining-trade-review-april-2016/


Interesting read