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Rainbow Rare Earths listing raises funds for Burundi mining project

30th January 2017 Rainbow Rare Earths listed on the LSE on Monday, raising £8-million ($10-million) to invest in its Gakara project in Burundi, with a view to starting sales to Germany's Thyssenkrupp by year-end. The project's minerals are weighted towards magnetic rare earths, including neodymium and... 

Kibaran to progress Epanko project with $10.9m capital raise

17th August 2016 ASX-listed Kibaran Resources will start key development preparations and initiate expansion studies for its Epanko graphite project in Tanzania, after raising $10.9-million through a share placement. The placement was completed at 23c apiece, representing a 14.8% discount to Kibaran’s last... 

Kibaran signs graphite supply agreement with Japanese major

8th August 2016 ASX-listed Kibaran Resources has signed a binding exclusivity agreement with Japanese commodities trading giant Sojitz for the supply of graphite concentrate produced at its Epanko project, in Tanzania. Under the agreement, Kibaran will be the sole supplier of Tanzanian graphite to Sojitz for... 

Kibaran raises $2m for Tanzania graphite project

22nd February 2016 Australian junior Kibaran Resources is poised to finalise project financing for development of its Epanko graphite project, in Tanzania, after raising $2-million through a share placement at 15c apiece. As an additional funding mechanism, the placees would receive one free attaching option for... 
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VW's controlling clan backs brand boss despite criticism – sources

Volkswagen's embattled VW brand chief Herbert Diess still has the backing of the clan that controls the carmaker, despite his recurring clashes with labor leaders over cost-cutting plans, sources said. VW labour bosses earlier this month had accused Diess of breaking promises made under a... 

AMSA unveils interim steel rail hub

The official unveiling of the Isando Distribution Centre, in Germiston, on Friday, marked the next step in steel producer ArcelorMittal South Africa’s (AMSA’s) long-term initiative to migrate the bulk of domestic final product steel distribution from road to rail. Dedicated rail links between... 
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