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.
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
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.
MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.
-
Why you fear money – and how to fix it: MoneyWeek TalksPodcast MoneyWeek's digital editor, Kalpana Fitzpatrick, speaks to financial psychotherapist Vicky Reynal about how to change your money mindset for the better.
-
How cancelling unused direct debits could boost your pension by £37,000A new year refresh of your spending could save you money and help boost your pension pot.
