Rio Tinto hands Sovereign full control of Malawi graphite project
The move strengthens Kasiya’s position as a potential non-Chinese supplier of rutile, graphite and rare earth products.
Sovereign Metals
Sovereign seeks $60M rare earth revenue from tailings in Malawi
Sovereign Metals (ASX: SVM; LSE-A: SVML; US-OTC: SVMLF) said Wednesday heavy rare earth-rich monazite confirmed in four planned pits at its Kasiya project in Malawi could open a third revenue…
Japan pours $7B into African rail link for Sovereign graphite
Japan has committed $7 billion to develop the Nacala Logistics Corridor, a project expected to boost Sovereign Metals’ (ASX: SVM; LSE: SVML) Kasiya rutile-graphite project in Malawi. The funding would…
Sovereign Metals touts ‘outstanding’ battery-grade graphite from Malawi project
Sovereign Metals (ASX: SVM; LSE: SVML) has reached a major milestone by confirming the battery-quality of graphite concentrate to be processed from its Kasiya project in Malawi. The Australian company…
Rio Tinto puts $16.9M into graphite developer Sovereign
Rio Tinto (NYSE: RIO; LSE: RIO; ASX: RIO) is investing A$18.5 million ($16.9m) to increase its stake in Australia’s Sovereign Metals (ASX: SVM; LSE: SVML), which is advancing the Kasiya rutile-graphite…
Rio Tinto flags cost hike at Argentina lithium project
Rio Tinto (NYSE: RIO; LSE: RIO; ASX: RIO) has noted a likely cost estimate and schedule review for its Rincon lithium project in Argentina’s Salta Province, an emerging hub for…
Rio Tinto grabs stake in graphite-focused Sovereign Metals
Rio Tinto (NYSE: RIO; LSE: RIO; ASX: RIO) agreed on Monday to buy a 15% stake in Australia’s Sovereign Metals (LSE: SVML; ASX: SVM) for A$40.4 million (US$27.6 million), becoming a…