Globe Metals & Mining expands African operations with second office in Mozambique

Globe Metals & Mining (ASX: GBE) is continuing to expand its African operations with the opening of a second office in Mozambique in the capital city of Maputo, to help facilitate Government relationships.

The new office, opened on 12 October 2011, complements the company’s existing regional offices in Tete and Lilongwe and will be headed by Andries Kruger, Globe’s general manager for Africa.

Mark Sumich, Globe’s managing director, said “we have been operating in Muambe a long time and see the region as very prospective - the opening of our Maputo office supports Globe’s planned growth strategy in Mozambique.”

Globe currently has the Mount Muambe REE-Fluorite Project in Mozambique, and four projects in Malawi: the Kanyika Niobium Project, the Machinga REE Project, the Salambidwe REE Project and the Livingstonia Uranium Project.

Globe's main focus is the multi-commodity Kanyika Niobium Project in Malawi, which will commence production of ferro-niobium in 2014, a key additive in sophisticated steels.

Globe also has a number of other projects at an earlier stage of development in Africa.

In April 2011, the company entered into a strategic partnership with ECE, a Chinese State Owned Enterprise with extensive mining operations in China and overseas.

ECE is now the largest shareholder in Globe, and a key partner for Globe’s growth ambitions in Africa.

Globe is currently making solid progress at its Mount Muambe project in Mozambique with the main fluorite and rare earth elements (REE) zone drilling nearing completion.

Originally published at: http://www.proactiveinvestors.com.au/companies/news/20856/globe-metals-mining-expands-african-operations-with-second-office-in-mozambique--20856.html