Globe Metals & Mining (ASX:GBE) receives a 12-month extension for commencement of mine development at Kanyika Project in Malawi.
⛏️ Malawi Government agrees to an extension of the initial requirement for commencement of Kanyika mine development works.
⚒️ These development works must now commence by 27 September 2025, a full year later than the initial requirement.
🪨 This gives Globe time to successfully progress several significant processes critical to the Kanyika Project’s eventual delivery.
“Globe Metals & Mining is extremely grateful for the proactive and supportive relationship it enjoys with the Government of Malawi.” Globe’s Chief Executive Officer, Paul Smith
Read the ASX announcement ⚡https://announcements.asx.com.au/asxpdf/20240919/pdf/0681v85l7sbp8w.pdf