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Shenghe buys out Appian from Peak

China's Shenghe Resources has agreed to take a cornerstone position in Tanzania-focused Peak Rare Earths, acquiring its stake from long-time Peak backer Appian for around A$43 million at a substantial premium.

Shenghe buys out Appian from Peak Shenghe buys out Appian from Peak Shenghe buys out Appian from Peak Shenghe buys out Appian from Peak Shenghe buys out Appian from Peak

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Shenghe has long been associated with Greenland Mineral's problematic Kvanefjeld project, and more recently has been running the ruler over Australia-focused RareX.

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