Andrew Bell, chairman of Regency Mines PLC (LON:RGM), tells Proactive London’s Andrew Scott they’re to take over the legwork on the Mambare cobalt/ nickel project in Papua New Guinea.
He says the renewal application has been recommended for approval by the Mining Advisory Council in Papua New Guinea and awaits Ministerial signature.
A rejigging of the joint venture arrangement will see partner Direct Nickel’s (DNip) 50% stake moved into a special purpose vehicle.
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