{"id":29171,"date":"2022-11-09T15:48:57","date_gmt":"2022-11-09T15:48:57","guid":{"rendered":"https:\/\/www.africa-press.net\/mozambique\/all-news\/savannah-resources-sells-last-remaining-mozambique-based-mining-concession-to-mrg-metals"},"modified":"2022-11-09T15:48:57","modified_gmt":"2022-11-09T15:48:57","slug":"savannah-resources-sells-last-remaining-mozambique-based-mining-concession-to-mrg-metals","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/mozambique\/all-news\/savannah-resources-sells-last-remaining-mozambique-based-mining-concession-to-mrg-metals","title":{"rendered":"Savannah Resources sells last remaining Mozambique-based mining concession to MRG Metals"},"content":{"rendered":"

Africa-Press – Mozambique. <\/strong><\/span>Savannah Resources PLC , the European lithium development company, has today signed a binding heads of agreement (HoA) with MRG Metals Limited via its subsidiary AME East Africa Limited.<\/p>\n

Under the agreement, MRG may acquire Savannah\u2019s final mining concessions in Mozambique, owned by Savannah\u2019s subsidiary Matilda Minerals Lda, for US$800,000 paid in cash or shares.<\/p>\n

MRG has an exclusive 45-day due diligence period commencing on 8 November 2022 to validate all relevant costs, technical aspects of the licence, and any legal, regulatory, tax or commercial matters.<\/p>\n

Dale Ferguson, chief executive officer of Savannah Resources said: \u201cWe are delighted to have entered this HoA with MRG in relation to Savannah\u2019s last remaining mining concession in Mozambique.<\/p>\n

\u201cMRG has been operating in Mozambique for a number of years and has shown its commitment to the country\u2019s mineral sands sector through the planned development of its Corridor Sands Project.\u201d<\/p>\n

MRG has agreed to pay a 1% royalty in years where the licence area generates a net profit after tax.<\/p>\n

MRG Metals chairman, Andrew Van Der Zwan said: \u201cWe are pleased to have worked with Savannah to reach the terms for the proposed transaction that allows both parties to potentially gain from a small, yet high-quality, asset in the Jangamo Project.<\/p>\n

For More News And Analysis About Mozambique<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Mozambique. Savannah Resources PLC , the European lithium development company, has today signed a binding heads of agreement (HoA) with MRG Metals Limited via its subsidiary AME East Africa Limited. Under the agreement, MRG may acquire Savannah\u2019s final mining concessions in Mozambique, owned by Savannah\u2019s subsidiary Matilda Minerals Lda, for US$800,000 paid in […]<\/p>\n","protected":false},"author":84,"featured_media":29170,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5],"tags":[233,281,283],"class_list":["post-29171","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-africa-press","tag-africa-press-mozambique","tag-mozambique"],"yoast_head":"\nSavannah Resources sells last remaining Mozambique-based mining concession to MRG Metals - Mozambique<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/mozambique\/all-news\/savannah-resources-sells-last-remaining-mozambique-based-mining-concession-to-mrg-metals\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Savannah Resources sells last remaining Mozambique-based mining concession to MRG Metals\" \/>\n<meta property=\"og:description\" content=\"Africa-Press – Mozambique. Savannah Resources PLC , the European lithium development company, has today signed a binding heads of agreement (HoA) with MRG Metals Limited via its subsidiary AME East Africa Limited. Under the agreement, MRG may acquire Savannah\u2019s final mining concessions in Mozambique, owned by Savannah\u2019s subsidiary Matilda Minerals Lda, for US$800,000 paid in […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/mozambique\/all-news\/savannah-resources-sells-last-remaining-mozambique-based-mining-concession-to-mrg-metals\" \/>\n<meta property=\"og:site_name\" content=\"Mozambique\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2022-11-09T15:48:57+00:00\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/savannah-resources-sells-last-remaining-mozambique-based-mining-concession-to-mrg-metals#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/savannah-resources-sells-last-remaining-mozambique-based-mining-concession-to-mrg-metals\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Savannah Resources sells last remaining Mozambique-based mining concession to MRG Metals\",\"datePublished\":\"2022-11-09T15:48:57+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/savannah-resources-sells-last-remaining-mozambique-based-mining-concession-to-mrg-metals\"},\"wordCount\":230,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/savannah-resources-sells-last-remaining-mozambique-based-mining-concession-to-mrg-metals#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/mozambique\/sites\/64\/2022\/11\/postQueueImg_2-636bcda7184ee.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Mozambique\",\"Mozambique\"],\"articleSection\":[\"all news\",\"economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/mozambique\/all-news\/savannah-resources-sells-last-remaining-mozambique-based-mining-concession-to-mrg-metals#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/savannah-resources-sells-last-remaining-mozambique-based-mining-concession-to-mrg-metals\",\"url\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/savannah-resources-sells-last-remaining-mozambique-based-mining-concession-to-mrg-metals\",\"name\":\"Savannah Resources sells last remaining Mozambique-based mining concession to MRG Metals - Mozambique\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/savannah-resources-sells-last-remaining-mozambique-based-mining-concession-to-mrg-metals#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/savannah-resources-sells-last-remaining-mozambique-based-mining-concession-to-mrg-metals#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/mozambique\/sites\/64\/2022\/11\/postQueueImg_2-636bcda7184ee.jpg\",\"datePublished\":\"2022-11-09T15:48:57+00:00\",\"author\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/savannah-resources-sells-last-remaining-mozambique-based-mining-concession-to-mrg-metals#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.africa-press.net\/mozambique\/all-news\/savannah-resources-sells-last-remaining-mozambique-based-mining-concession-to-mrg-metals\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/savannah-resources-sells-last-remaining-mozambique-based-mining-concession-to-mrg-metals#primaryimage\",\"url\":\"https:\/\/static.africa-press.net\/mozambique\/sites\/64\/2022\/11\/postQueueImg_2-636bcda7184ee.jpg\",\"contentUrl\":\"https:\/\/static.africa-press.net\/mozambique\/sites\/64\/2022\/11\/postQueueImg_2-636bcda7184ee.jpg\",\"width\":1014,\"height\":469,\"caption\":\"Savannah Resources sells last remaining Mozambique-based mining concession to MRG Metals\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/savannah-resources-sells-last-remaining-mozambique-based-mining-concession-to-mrg-metals#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.africa-press.net\/mozambique\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Savannah Resources sells last remaining Mozambique-based mining concession to MRG Metals\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/#website\",\"url\":\"https:\/\/www.africa-press.net\/mozambique\/\",\"name\":\"Mozambique\",\"description\":\"Just another Africa News Agency Sites site\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.africa-press.net\/mozambique\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\",\"name\":\"cfeditoren\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g\",\"caption\":\"cfeditoren\"}}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Savannah Resources sells last remaining Mozambique-based mining concession to MRG Metals - Mozambique","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.africa-press.net\/mozambique\/all-news\/savannah-resources-sells-last-remaining-mozambique-based-mining-concession-to-mrg-metals","og_locale":"en_US","og_type":"article","og_title":"Savannah Resources sells last remaining Mozambique-based mining concession to MRG Metals","og_description":"Africa-Press – Mozambique. Savannah Resources PLC , the European lithium development company, has today signed a binding heads of agreement (HoA) with MRG Metals Limited via its subsidiary AME East Africa Limited. Under the agreement, MRG may acquire Savannah\u2019s final mining concessions in Mozambique, owned by Savannah\u2019s subsidiary Matilda Minerals Lda, for US$800,000 paid in […]","og_url":"https:\/\/www.africa-press.net\/mozambique\/all-news\/savannah-resources-sells-last-remaining-mozambique-based-mining-concession-to-mrg-metals","og_site_name":"Mozambique","article_publisher":"https:\/\/www.facebook.com\/AfricaPressTunisiaa","article_published_time":"2022-11-09T15:48:57+00:00","author":"cfeditoren","twitter_card":"summary_large_image","twitter_misc":{"Written by":"cfeditoren","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.africa-press.net\/mozambique\/all-news\/savannah-resources-sells-last-remaining-mozambique-based-mining-concession-to-mrg-metals#article","isPartOf":{"@id":"https:\/\/www.africa-press.net\/mozambique\/all-news\/savannah-resources-sells-last-remaining-mozambique-based-mining-concession-to-mrg-metals"},"author":{"name":"cfeditoren","@id":"https:\/\/www.africa-press.net\/mozambique\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb"},"headline":"Savannah Resources sells last remaining Mozambique-based mining concession to MRG Metals","datePublished":"2022-11-09T15:48:57+00:00","mainEntityOfPage":{"@id":"https:\/\/www.africa-press.net\/mozambique\/all-news\/savannah-resources-sells-last-remaining-mozambique-based-mining-concession-to-mrg-metals"},"wordCount":230,"commentCount":0,"image":{"@id":"https:\/\/www.africa-press.net\/mozambique\/all-news\/savannah-resources-sells-last-remaining-mozambique-based-mining-concession-to-mrg-metals#primaryimage"},"thumbnailUrl":"https:\/\/static.africa-press.net\/mozambique\/sites\/64\/2022\/11\/postQueueImg_2-636bcda7184ee.jpg","keywords":["Africa Press","Africa Press-Mozambique","Mozambique"],"articleSection":["all news","economy"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.africa-press.net\/mozambique\/all-news\/savannah-resources-sells-last-remaining-mozambique-based-mining-concession-to-mrg-metals#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.africa-press.net\/mozambique\/all-news\/savannah-resources-sells-last-remaining-mozambique-based-mining-concession-to-mrg-metals","url":"https:\/\/www.africa-press.net\/mozambique\/all-news\/savannah-resources-sells-last-remaining-mozambique-based-mining-concession-to-mrg-metals","name":"Savannah Resources sells last remaining Mozambique-based mining concession to MRG Metals - Mozambique","isPartOf":{"@id":"https:\/\/www.africa-press.net\/mozambique\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.africa-press.net\/mozambique\/all-news\/savannah-resources-sells-last-remaining-mozambique-based-mining-concession-to-mrg-metals#primaryimage"},"image":{"@id":"https:\/\/www.africa-press.net\/mozambique\/all-news\/savannah-resources-sells-last-remaining-mozambique-based-mining-concession-to-mrg-metals#primaryimage"},"thumbnailUrl":"https:\/\/static.africa-press.net\/mozambique\/sites\/64\/2022\/11\/postQueueImg_2-636bcda7184ee.jpg","datePublished":"2022-11-09T15:48:57+00:00","author":{"@id":"https:\/\/www.africa-press.net\/mozambique\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb"},"breadcrumb":{"@id":"https:\/\/www.africa-press.net\/mozambique\/all-news\/savannah-resources-sells-last-remaining-mozambique-based-mining-concession-to-mrg-metals#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.africa-press.net\/mozambique\/all-news\/savannah-resources-sells-last-remaining-mozambique-based-mining-concession-to-mrg-metals"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.africa-press.net\/mozambique\/all-news\/savannah-resources-sells-last-remaining-mozambique-based-mining-concession-to-mrg-metals#primaryimage","url":"https:\/\/static.africa-press.net\/mozambique\/sites\/64\/2022\/11\/postQueueImg_2-636bcda7184ee.jpg","contentUrl":"https:\/\/static.africa-press.net\/mozambique\/sites\/64\/2022\/11\/postQueueImg_2-636bcda7184ee.jpg","width":1014,"height":469,"caption":"Savannah Resources sells last remaining Mozambique-based mining concession to MRG Metals"},{"@type":"BreadcrumbList","@id":"https:\/\/www.africa-press.net\/mozambique\/all-news\/savannah-resources-sells-last-remaining-mozambique-based-mining-concession-to-mrg-metals#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.africa-press.net\/mozambique\/"},{"@type":"ListItem","position":2,"name":"Savannah Resources sells last remaining Mozambique-based mining concession to MRG Metals"}]},{"@type":"WebSite","@id":"https:\/\/www.africa-press.net\/mozambique\/#website","url":"https:\/\/www.africa-press.net\/mozambique\/","name":"Mozambique","description":"Just another Africa News Agency Sites site","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.africa-press.net\/mozambique\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.africa-press.net\/mozambique\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb","name":"cfeditoren","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.africa-press.net\/mozambique\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g","caption":"cfeditoren"}}]}},"_links":{"self":[{"href":"https:\/\/www.africa-press.net\/mozambique\/wp-json\/wp\/v2\/posts\/29171","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.africa-press.net\/mozambique\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.africa-press.net\/mozambique\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/mozambique\/wp-json\/wp\/v2\/users\/84"}],"replies":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/mozambique\/wp-json\/wp\/v2\/comments?post=29171"}],"version-history":[{"count":0,"href":"https:\/\/www.africa-press.net\/mozambique\/wp-json\/wp\/v2\/posts\/29171\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/mozambique\/wp-json\/wp\/v2\/media\/29170"}],"wp:attachment":[{"href":"https:\/\/www.africa-press.net\/mozambique\/wp-json\/wp\/v2\/media?parent=29171"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.africa-press.net\/mozambique\/wp-json\/wp\/v2\/categories?post=29171"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.africa-press.net\/mozambique\/wp-json\/wp\/v2\/tags?post=29171"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}