Thursday, April 30, 2009

Hold on to your mining rights

If you have any mining rights anywhere in Malawi hold on to them!  You could be sitting on a fortune. No one seems to know exactly what they are prospecting for. You may recall that the Australian company Global Uranium was prospecting for uranium when it hit on “world class” reserves of not uranium but even more significantly niobium and tantalum. The company was so overwhelmed by its discovery that it changed its name to Global Metals. Now an Italian company Block & Rock Italia from Carrara (Tuscany), which specializes in granite is wrestling with a Malawi partner and trying to take over the company Ilomba Granite Co. Ltd (Malawi). Reason? It turns out that the granite contains niobium! This is in Karonga, by the way.

 

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