Chairman and Non-Executive Director Resign from Globe Metals & Mining

While Globe Metals & Mining is currently in negotiations over a Mining Development Agreement with the Malawian government for Kanyika Niobium Project, Shao Yi and Peter Stephens have resigned as Chairman and Non-Executive Director of Globe.

Globe’s Managing Director Alistair Stephens thanked the former chairman,

Mr Shao’s leadership has been through a challenging period for Globe and the broader junior  mining  market.  The  Board  and  I  are  grateful  for  his leadership  and  we  wish  him  the  very  best  for  his  future endeavours.

At the end of November 2013, Globe took delegates from over 15 African countries to the project site during a three-day regional International Atomic Energy Agency (IAEA) training workshop. The IAEA was created in 1957 in response to fears and expectations around the discovery of nuclear energy. Today the IAEA serves as the centre of cooperation in the nuclear field.

The IAEA delegates visited the Kanyikia Niobium Project site to see how Globe will manage any radiation generated should Globe be awarded a mining licence. The proposed niobium project contains trace of radioactive material so Globe will need to store this waste product on site.

According to Globe’s website,

Globe has plans in place to minimise and contain the hazardous waste that will be produced
including:

Waste disposal plan

Environmental Impact Assessment submitted to the Government of Malawi

Radiation Management Plan

Mine closure and rehabilitation plan

Complying with all Malawi legislation and world’s best practices

Globe Exploration Manager Fergus Jockel explained that Globe will exceed the Malawian government’s environmental standards if necessary,

At the end of the day, you can comply with a country’s regulations all you like but the real yard stick is that if you are not willing to live next to it, why should you expect somebody else to? Thus Globe must strive to achieve the absolute best possible outcome.

International Atomic Energy Agency visit to Globe Metals & Mining's Kanyika Niobium Project site in northern Malawi, November 2013 (Courtesy of Globe Metals & Mining)

International Atomic Energy Agency visit to Globe Metals & Mining’s Kanyika Niobium Project site in northern Malawi, November 2013 (Courtesy of Globe Metals & Mining)

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