Australian mining company Globe Metals & Mining to be allowed to explore rare earth metals and fluorite in Mozambique

21 June 2011

Perth, Australia, 21 June – Australian mining company Globe Metals and Mining has received confirmation that rare earth metals and fluorite have been added to its license for prospecting at Muambe, in Mozambique’s Tete province, the company said in a statement issued in Perth.

In the statement, the company said that this confirmation from the Mozambican authorities was important because the prospecting that had already been carried out had detected the presence of rare earth metals, which will now become the focus of test drilling in the area this year.

The prospecting campaign to be carried out this year will focus on high quality flourite and associated rare earth metals identified in the 2010 campaign.

At the beginning of the year Globe Metals & Mining established a strategic partnership with the East China Minerals Exploration and Development Bureau (ECE), a Chinese state company that became the main shareholder of the Australian company.

Muambe is an igneous rock crater measuring 5 to 6 kilometres in diameter located to the southeast of the city of Tete, capital of the province of the same name, and the exploration license covers the entire crater. (macauhub)