July 24 (Reuters) - Australia's Peak Rare Earths (PEK) said on Wednesday Chinese miner Shenghe Resources 600392.SS would acquire a 50% stake in an U.K.-based firm that owns 84% of its Ngualla project in Tanzania.
Ngualla is a rare earths project in southern Tanzania owned by PR NG Minerals, 87.5% of which is owned by Peak.
($1 = 1.5126 Australian dollars)
News: PEK China's Shenghe to acquire half of Peak Rare Earth's Tanzania project
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