https://www.miningweekly.com
Energy|Mining|PROJECT|Resources
Energy|Mining|PROJECT|Resources
energy|mining|project|resources

Altona receives Ministerial approval to increase holding in Monte Muambe Mining

15th January 2024

By: Tasneem Bulbulia

Senior Contributing Editor Online

     

Font size: - +

London-listed Altona has received formal regulatory approval from the Mozambican Minister of Mineral Resources and Energy regarding the increase of its shareholding in Monte Muambe Mining to 51%.

Monte Muambe Mining is the Mozambican subsidiary holding the prospecting licence encompassing the Monte Muambe rare earths project in the country.

In December last year, Altona announced that, following the successful completion of Phase 2 of the Monte Muambe project, its holding in Monte Muambe Mining had increased from 20% to 51%, with the transfer subject to final approval by the Minister of Mineral Resources and Energy. 

“We are very pleased with this promising progress. The speed with which approval was granted by the Ministry shows the level of support our Monte Muambe project has,” says Altona CEO Cedric Simonet

Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online

Comments

Showroom

GreaseMax
GreaseMax

GreaseMax is a chemically operated automatic lubricator.

VISIT SHOWROOM 
Environmental Assurance (Pty) Ltd.
Environmental Assurance (Pty) Ltd.

ENVASS is a customer and solutions-driven environmental consultancy with established divisions, serviced by highly qualified and experienced...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Photo of Martin Creamer
On-The-Air (26/04/2024)
26th April 2024 By: Martin Creamer
Mining Weekly Editor Martin Creamer
Copper shares soar and green hydrogen goes digital
26th April 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.115 0.155s - 108pq - 2rq
1:
1: United States
Subscribe Now
2: United States
2: