Sinomine in Talks to Acquire Malawi's Kanyika Niobium Project from Globe Metals & Mining

Published: Aug 21, 2026 18:14

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[SMM Flash] Sinomine Resource Group is in talks to acquire Globe Metals & Mining’s Kanyika niobium development project in Malawi. The potential transaction would bring the Chinese critical-minerals group closer to a project it is already supporting through Sinomine International (Zambia) Engineering, which has been involved in early construction and development works at Kanyika. Globe began construction in January 2026 under a cost-reimbursable collaboration agreement, while first oxide production is targeted for the first quarter of 2028.

Kanyika is positioned as a potential source of niobium and tantalum oxides, with Globe’s 2026 project plan targeting approximately 3,000 tonnes per year of Nb₂O₅ and 150 tonnes per year of Ta₂O₅ at full scale. Globe has previously retained full ownership and offtake rights while using Sinomine’s regional construction and processing expertise. Any acquisition would strengthen Sinomine’s exposure to niobium outside China and could add another strategic African critical-minerals asset to its expanding international portfolio.

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