Globe Metals & Mining has welcomed news of Mine Development Agreements from Lotus Resources (ASX:LOT – Uranium) and Mkango Resources (LSE:MKA.L – Rare Earths) with the Government of Malawi.
“This is a major step forward for both companies and ensures that the enviable momentum behind the development of Malawi’s young mining sector is maintained. Together with the positive operational trajectories of Globe itself, Sovereign Metals (ASX:SVM – rutile/graphite), and Lindian Resources (ASX:LIN – rare earths) Malawi is rapidly establishing itself as a world-class investor-friendly mining destination.”
– Chief Executive Officer, Paul Smith