Noble unit to invest £14m in two rare earth projects
Singapore
CEMENTING its new expansion drive into the rare earth market, Noble Group is, through its wholly owned subsidiary Talaxis Limited, investing £14 million (S$25 million) in two rare earth projects undertaken by Toron-to-listed Mkango Resources.
The two investments, which come shortly after Talaxis acquired a 14.4 per cent stake in Mkango in late October, will "bolster the group's position in the rare earths sector both upstream and downstream", Noble said.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Gold prices flat with focus on US economic data
Mermaid Maritime bags Middle East contract extension worth US$125 million
Arm shares fall after company gives tepid annual forecast
Singapore stocks open lower on Thursday; STI down 0.3%
ARA H-Trust to sell 2 Hyatt House hotels for US$31 million
Stocks to watch: Frasers Hospitality Trust, AEM, ARA H-Trust, Mermaid Maritime