SINGAPORE (Nov 20): Noble Group, the embattled commodities trader, is jumping on the rare-earth metals mining bandwagon to help revive its flagging fortunes.

Noble’s subsidiary Talaxis has entered into an investment agreement with Mkango Resources for a total of £14 million ($25 million).

Talaxis will invest £12 million for a 49% stake in Lancaster Exploration, a wholly-owned subsidiary of Mkango for the development of the Songwe Hill rare earths project in Malawi.

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