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Savannah Resources PLC (AIM:SAV, ETR:SAV, OTC:SAVNF) has bowed out of its mineral sands joint venture with Rio Tinto in Mozambique to focus of its lithium assets in Europe. Rio is paying Savannah US$9.5mln cash for its half share in the Mutamba joint venture, money which be used for further development of the Barroso lithium project in Portugal.
...read full article on Proactive Investors
