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    market news

    Galileo Resources Confirms Tenure for Nkombwa Hill

    Investing News Network
    Jan. 11, 2013 08:09AM PST
    Rare Earth Investing

    Mining Weekly has reported that Galileo Resources announced that have theyhave confirmed tenure for the Nkombwa Hill rare earth project in Zambia.

    Mining Weekly has reported that Galileo Resources announced that have they have confirmed tenure for the Nkombwa Hill rare earth project in Zambia.

    As quoted in the market report:

    Last year, Galileo entered into a heads of agreement with joint venture partner REI to earn an interest in the rare-earth project, but delays in the completion of due diligence ensued when the Zambian Mines Development Department’s administration centre declined to release key licensing documentation, owing to a moratorium on licences held.

    To view the whole Mining Weekly report, click here.

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