Marula Mining PLC - Manganese Mineral Dealer Trading License in Kenya
Announcement provided by
Marula Mining PLC · MARU16/04/2024 07:00
Marula Mining PLC
("Marula'' or the "Company")
16 April 2024
Marula Awarded Manganese Mineral Dealer Trading License in
Marula Mining (AQSE: MARU), an African focused mining and development company, is pleased to announce that its Kenyan registered and wholly owned representative company, Marula Mining, has been awarded a Mineral Dealer's Trading License (the "License") under
The granting of the License is considered an important step for the Company as it looks to complete its investment in the Larisoro Manganese Mine in Samburu County in
Highlights:
· Mineral Dealer's Trading License granted to Marula Mining
· The License allows the Company to buy, sell and export manganese ores in and from
· License is valid until 31 December 2024 and annually renewable
· Manganese ores to be purchased by Marula under the License will initially include the planned increased volumes of manganese ore mined and processed from the Larisoro Manganese Mine
· These purchased manganese ores are then proposed to be sold into the export markets by Marula under new offtake agreements
· In addition, the License also permits Marula to purchase manganese ores from other Kenyan-based mining companies, which will be undertaken as part of the Company's broader strategy to position itself as one of the major companies in
· The awarding of the License is an integral part of the Company's strategy and activities in
Jason Brewer, CEO of Marula Mining, commented:
"I'm delighted to see that this Mineral Dealer's Trading License has been awarded and follows on from the work done by our technical and administrative teams here in
"This is a significant milestone for us in
"The grant of this license enables us to engage in efficient manganese ore transactions, and manage the export and offtake arrangements with international counterparties. We are confident that it will not only propel our growth here but also contribute meaningfully to the economic development of the regions in which we operate in
"We continue to strategically position Marula in
The Directors of Marula are responsible for the contents of this announcement. This announcement contains inside information for the purposes of
About Marula Mining
Marula Mining (AQSE: MARU) is an African focused battery metals investment and exploration company and has interests in several high value mine projects in
Marula's strategy is to identify and invest in advanced and high-value mining projects throughout East, Central and
For enquiries contact:
Marula Mining PLC Jason Brewer, Chief Executive Officer
Faith Kinyanjui Mumbi Investor Relations |
Email : jason@marulamining.com Email : info@marulamining.com
|
AQSE Corporate Adviser Cairn Financial Advisers LLP, Liam Murray / Ludovico Lazzaretti |
+44 (0)20 7213 0880 |
Broker Peterhouse Capital Limited, |
+44 (0)20 7469 0930
|
Financial PR and IR BlytheRay Tim Blythe / Megan Ray / Said Izagaren |
+44 (0)20 7138 3204
|
Caution:
Certain statements in this announcement, are, or may be deemed to be, forward looking statements. Forward looking statements are identified by their use of terms and phrases such as ''believe'', ''could'', "should" ''envisage'', ''estimate'', ''intend'', ''may'', ''plan'', ''potentially'', "expect", ''will'' or the negative of those, variations or comparable expressions, including references to assumptions. These forward-looking statements are not based on historical facts but rather on the Directors' current expectations and assumptions regarding the Company's future growth, results of operations, performance, future capital and other expenditures (including the amount, nature and sources of funding thereof), competitive advantages, business prospects and opportunities. Such forward looking statements reflect the Directors' current beliefs and assumptions and are based on information currently available to the Directors.
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.