Despite not signing an economic framework agreement, Peak...

Despite not signing an economic framework agreement, Peak Resources (PEK) said it has made significant progress in negotiations with the government of Tanzania.The company attended a mining contract signing ceremony yesterday in Dar es Salaam which was hosted by the government of Tanzania’s Ministry of Minerals.Whilst the ceremony didn’t result in an economic framework agreement, Peak and its Tanzanian subsidiary, PR NG Minerals, said significant progress was made for the development of the Ngualla rare earths project.President of Tanzania, Her Excellency Samia Suluhu Hassan commented on the decision.“There is one company that was to sign today but they did not agree to the in-country value addition and refining point, hence the delay in signing,” she said.

https://themarketherald.com.au/peak-resources-asxpek-yet-to-reach-economic-framework-agreement-2021-12-14/