Browsing: Australia Stock Exchange

The Ngwala investment in rare earths is projected to give rise to almost 600 direct and 3,000 indirect jobs during the construction phase, and another roughly 200 direct and 1,000 indirect jobs once it starts operations.

Tanzania gets Australian suitors in scramble for rare earths

Industry and Trade
  • At least three Australian firms have signed a handful of agreements including Evolution Energy Mineral Limited, EcoGraf Limited, and Peak Rare Earth Limited.
  • This is the second mineral exploration and processing deal that Tanzania has signed in as many months and the government says there are more in the pipeline.
  • Global markets are experiencing a rising demand for rare earth minerals, critical elements that are used in the manufacture of a vast array of electronic devices, and electric vehicles.

Australia, a vast country that hugely powers its economy through a vibrant mining industry, is bringing its expertise to Tanzania, East Africa for the exploration and processing of energy-rich graphite and other rare earth deposits.

At least three joint venture companies have been formed each having Tanzania accrue 16 percent of the shares, a rare deal in an industry that has for years left the East African country earning little because …

Zimplats the Jewel in the Impala Platinum Crown

Zimplats Holdings the jewel in the Impala Platinum’s crown

Investing
  • Zimplats is highly profitable. The Australian Stock Exchange (ASX) listed company boasts a market capitalization of US$ 2.26 billion
  • This subsidiary of JSE listed Impala Platinum is now one of its central operations accounting for 22% of its market value.
  • Zimplats due to its early entry into the Great Dyke in Zimbabwe has great potential for growth given global platinum prices and the support the company has received from the country’s government.
  • While Zimplats is lucrative as an investments investors based in Zimbabwe have no means of gaining exposure to this asset in their portfolios unless they venture offshore. The company does not have a secondary listing on the Zimbabwe Stock Exchange.

Zimplats Holdings is an enigma to many Zimbabweans. They know for instance that the company is one of the largest foreign exchange earners for the southern African country, but few know that they can invest in it. Fewer …