Globe Enters Mozambican JV

- November 11th, 2011

Mining Weekly reported that Globe Metals & Mining (NASDAQ:GSM) has signed a joint venture agreement for a Mozambique titanium-vanadium-iron project.

Mining Weekly reported that Globe Metals & Mining (NASDAQ:GSM) has signed a joint venture agreement for a Mozambique titanium-vanadium-iron project.

As quoted in the market news:

The JV agreement with Mihandzu Minerais SA would allow Globe to earn up to an 80% interest in the Memba licence over five years, through a staged expenditure on exploration programmes.

Click here to read the full Mining Weekly report.

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