African Eagle Resources updates on Tanzania joint-venture
AIM-listed nickel exploration and development company African Eagle Resources has noted an announcement issued by its joint venture partner mineral exploration company Rift Valley Resources stating that phase one of the Miyabi Gold Project in Tanzania has been completed.
AIM-listed nickel exploration and development company African Eagle Resources has noted an announcement issued by its joint venture partner mineral exploration company Rift Valley Resources stating that phase one of the Miyabi Gold Project in Tanzania has been completed.
The completion of phase one gives Rift Valley equal ownership in the Miyabi Gold Project with African Eagle.
Rift Valley said it could increase its share of the project to 75% under the terms of the joint venture agreement, or had a pre-emptive right to acquire the remaining share of the project.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
African Eagle Resources' share price was unchanged at 0.83p at 10:53 following a morning high of 0.85p.
MF
Sign up for MoneyWeek's newsletters
Get the latest financial news, insights and expert analysis from our award-winning MoneyWeek team, to help you understand what really matters when it comes to your finances.
-
Cash in on the growth prospects of Europe's companies
Opinion Marcel Stötzel, co-portfolio manager of the Fidelity European Trust, selects three stocks
By Marcel Stotzel Published
-
Is the AI boom another dotcom bubble?
25 years on from the dotcom bubble bursting, is it time for investors to consider the sustainability of the AI boom in the stock market?
By Dan McEvoy Published