China’s Shenghe to acquire 50% in Tanzanian project

Australia’s Peak Rare Earths announced on Wednesday that Chinese miner Shenghe Resources will acquire a 50 per cent stake in a UK-based firm that holds 84 per cent of the Ngualla project in Tanzania.

The Ngualla project is located in southern Tanzania and is owned by PR NG Minerals, with Peak holding an 87.5 per cent ownership stake in the company.

Attribution: Reuters