Noventa's strategy is to be the world's largest, low cost industrial scale supplier of tantalum concentrate, a rare speciality metal widely used in the consumer electronics industry. There is currently a shortage of tantalum supply and stock levels in the industry are being run down. Noventa is in a unique position to expand production to meet the industries needs.
The Jersey based Company's Marropino mine in Mozambique resumed production in April 2010, and the Company has now embarked on a Strategic Plan which it believes will build the foundations of a long-term, profitable, cash generative and sustainable business.
Eric Kohn chairman of Noventa outlines strategic plan to be one of the largest suppliers of “Conflict Free” Tanatalum
Monday, July 26, 2010
Noventa is planning a 3-year strategy to become the world’s largest, low cost, industrial scale supplier of tantalum concentrate (used widely in consumer electronics). Eric Kohn has been brought in to turnaround a mine that had previously failed to deliver. He is responsible for a team which is raising US $25 million to fund the development.
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