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04:26pm	URA rises as emerald mine production starts on time and within budget	AN
02:30pm	South Africa views BHP bid for Anglo as 'normal market activity'	RE

Altona Rare gets approval for majority stake in Monte Muambe

January 15, 2024 at 06:06 am EST

Altona Rare Earths PLC - Mining exploration company focused on the evaluation, acquisition and development of projects in Africa - Receives formal regulatory approval from Mozambique's minister of Mineral Resources & Energy for the increase of its holding in Monte Muambe Mining Ltd to 51% from 20%. Monte Muambe is the Mozambican subsidiary holding the prospecting licence encompassing the Monte Muambe project. Chief Executive Officer Cedric Simonet says: "The speed with which approval was granted by the ministry shows the level of support our Monte Muambe project has." The project is located in the Tete province of northwestern Mozambique and has a surface area of 39.4 square kilometres.

Current stock price: 2.15 pence, up 7.5% on Monday

12-month change: down 64%

By Tom Budszus, Alliance News slot editor

Comments and questions to newsroom@alliancenews.com

Stocks mentioned in the article

Add to a list Add to a list 0 selected To use this feature you must be a member Log in Sign up	Price	Change	5d. change	Capi.
DOW JONES AFRICA TITANS 50 INDEX	467.9 PTS	+1.28%	+4.03%	-
S&P AFRICA 40 INDEX	159.4 PTS	+1.16%	+5.19%	-
ALTONA RARE EARTHS PLC	1.275 GBX	-7.27%	-21.54%	1.49M

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