PEK 5.71% 18.5¢ peak rare earths limited

Tanzanian rare earth assets Peak learned last month the...

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    Tanzanian rare earth assets Peak learned last month the Dodoma-based Tanzanian Mining Commission had recommended to its Minerals Minister the company be granted a mining licence for the Ngualla Rare Earth Project.A mining commission sub-body has also approved the project’s short-term and long-term plans which include sourcing Tanzanian goods and services, and employing and training Tanzanian citizens.During the September quarter, the company kept its site open, undertaking maintenance operations both there and at its airstrip.Staffing levels have been reduced as it awaits a mine licence, while it continues to serve the community as a good corporate citizen.Among the company’s activities was to construct two classrooms and teacher's office at Itiziro Primary School, with construction expected to be complete in November 2018, before the school closes for wet season.


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