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Namibia listed as beneficiary of US$1b green metals investment

Namibia is one of the four countries that will benefit from the US$1b investment by Quinton Global Commodities (QGC) and F9 Capital.

The two companies want to develop nickel, lithium and copper mines in eastern and southern Africa.

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The other countries are Botswana, Zambia and Tanzania.

South African business mogul Quinton Van der Burgh owns QGC with 51% shares in the Kunene Nickel project and 75% in the Klein Aub Copper project.

F9 Capital, based in Abu Dhabi, is Simon Fentham-Fletcher’s brainchild designed as a multi-billion-dollar investment house.

According to a company statement, F9’s energy fund will have a 30% interest in the mines.

QGC also owns shares in Marula Mining, developing the Kinusi Project site in the Dodoma region of Tanzania.

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