Page 17 - Mkango News Today

A UK mining company, Lancaster Exploration Limited has for drilling 22 boreholes in Phalombe District where it is venturing into mining of rare earth, as part of its corporate social responsibilities. The company is also providing education support to children and besides maintaining roads prompting commendations from the Member of Parliament (MP) for Phalombe North East, Denis Namachekecha for providing basic amenities to the constituency. Namachekecha: Hails Mkango Resources’ corporate soci...

Proactive weekly mining round-up: Rio Tinto, Bacanora Lithium, Caerus Mineral Resources... A run-through of some of the weeks mining stories Jacques left the FTSE 100 mining giant after it blasted the 46,000-year-old Juukan Gorge heritage areas in Australia to access iron ore. On Thursday’s AGM, over 60% of shareholders voted against two resolutions on the firm’s remuneration report, but as it only an advisory measure the company decided to ignore the vote and carry on. Bacanora Lithium PL...

Follow John on: Small cap movers: Chamberlin rises as it rings the changes; Mkango on song at Songwe A look at some of the major movers in the small caps world over the last week Management changes at metal basher Chamberlin PLC (LON:CMH) appear to be going down well with the market. The shares were up 42% this week after the company promoted its financial controller, Alan Tomlinson, to the post of finance director, replacing Neil Davies, who will step down at the end of May. Last month it was ...

Management changes at metal basher Chamberlin appear to be going down well with the market. The shares were up 42 per cent this week after the company promoted its financial controller, Alan Tomlinson, to the post of finance director, replacing Neil Davies, who will step down at the end of May. Last month it was reported that Kevin Price, operations director of the groups foundry and machining facility, will replace Kevin Nolan as chief executive. Management changes at metal basher Chamberlin h...

“This is exciting news for Malawi” Buoyant Malawi, Vice President Saulos chilima Chilima says the prospect of mining rare earth at Songwe Hills in Phalombe will be a game changer for Malawi’s economic transformation. Chilima was speaking Wednesday when he visited the site just days after the investor Mkango Resources Limited announced the prospects of finding total rare earth oxides. As Chilima wrote later on his Facebook page this means there is a positive impact on hydrometallurgical pr...

Vox Markets 11:28, 4th May 2021 Mkango Resources (MKA FOLLOW) said recent results from a flotation pilot plant programme have proven effective in scaling up a new, optimised flotation regime for the Songwe Hill Rare Earths Project ("Songwe") located in Malawi of which the Group holds a 51% interest in.  Mkango is developing the 51% owned Songwe Hill rare earths project in Malawi with the ongoing Feasibility Study funded through a £12m investment by partner, Talaxis Limited.  The flotat...

5,360 1 TREO – total rare earth oxides The ongoing feasibility study envisages doubling the scale of the mining and processing operations at Songwe to one million tonnes per year of RoM feed to the mill. Due to the higher flotation concentrate grade, there would be 36% less tonnes of concentrate entering the hydrometallurgy plant, containing approximately double the quantity of rare earths, versus the pre-feasibility study. The results of the pilot programme, together with variability and oth...

Market Report: Travel stocks take off as runway for summer holidays looks more promising FTSE 100  made a bright start as airlines and  other travel stocks got a lift from the holiday resumption talk over the weekend. London’s blue-chip index rose 38 to 7,008.   Pandora says it will no longer sell natural diamonds and instead will switch exclusively to synthetic lab-made diamonds. CEO The group, which is world’s biggest jeweller, said the move was part of a broader sustainability drive. ...

Proactive news headlines: Samarkand Group, Live Company, MGC Pharmaceuticals, Greatland Gold... A glance at some of the days highlights from the Proactive Investors newswire Samarkand Group PLC (LON:SMK) said it has acquired Zita West Products Limited (ZWPL), a UK nutritional supplement brand for the fertility and pregnancy market, as well as a 51% stake in mother and baby nutritional product and probiotics maker Babawest Ltd for a total consideration of around £2.4mln. Live Company Group PLC ...

TRADING UPDATES: Supreme annual revenue jumps; Pelatro in Asia deal Tue, 4th May 2021 19:13 (Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News: Supreme PLC - maker of fast-moving consumer goods - Expects 30% revenue hike in year ended March 31 to GBP121 million from GBP92.3 million, in line with management expectations. Adjusted earnings before interest, tax, depreciation and amortisation tipped to ...