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.