Source:Mining ReviewIt has successfully transformed from a development project into Africa’s only producing rare earths mine, CEO Martin Eales tells Sascha Solomons.One of the world’s richest rare earth deposits, Gakara, is located in Burundi, roughly 20 km south-southeast of Bujumbura and covers a combined area of about 39 km2.The company was granted a mining licence in March 2015 which is valid for 25 years and renewable after that.The company is benefiting from an increase in demand for rare earth magnets, the most efficient of all the varieties required for electric vehicles, smartphones, ...
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Source:ForbesChinese producers of rare earths, a family of minerals essential in a range of commercial and military technologies, were the only winners in a confusing ruling by a Malaysian Government committee reviewing the future of a plant which processes ore imported from Australia.While approving most aspects of the plant, which generates low-level radioactive waste, it also ruled that a permanent safe storage site must be built by the owner of the plant, Australia-based Lynas Corporation, or export all waste to another country.Shares Down 23%The decision, especially a tight timetable of n...
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2018
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Source:Proactive Investors UKMkango Resources Ltd (LON:MKA, CVE:MKA) told investors that the final batch of drill results from the 2018 drill programme, at the Songwe Hill rare earths project, has unearthed the highest grades to date.The company, in a statement, said that the results of the majority of the remaining holes (19 of 21) from the 10,900 metre drill programme saw significant zones of rare earths mineralisation grading above 1% total rare earth oxides (TREO).READ: Mkango appears to trade at a significant discountDrill hole ‘PX112’ was the highlight with 3.3% TREO across just over 100...
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2018
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Source:AljazeeraMalaysia has told Lynas, the Australian company operating a rare earth elements processing plant on the country's east coast, that it must remove the radioactive waste that accumulated as a result of its activities over the past six years if it wants to continue to operate.The decision on Tuesday follows a review of Lynas operations in Malaysia that was initiated by the government that took power in May's general election.The "management of the waste residue from the Lynas Advanced Materials Plant (LAMP) should be given priority to ensure the wellbeing of the commu...
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2018
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