News News
Contact us
  • Customer service number:64321087
  • Commercial service telephone:13918059423
  • Technical service telephone:13918059423
  • Contact person: Mr. Cui 
  • Service email:shxtb@163.com
  • Address: room 107, building 8, no. 100, guilin road, xuhui district, Shanghai

Angola Will Open Rare Earth Mine

The date of: 2019-04-30
viewed: 0

Source:Prensa Latina

Luanda, Apr 29 (Prensa Latina) Angola will put into operation a rare earth mine next year in the town of Longonjo, in the central province of Huambo, news reports said on Monday.

The studies between the state company Ferrangol and the Australian company Pesana determined the presence of about 23 billion tons of valuable metals known as rare earths, very useful in the production of mobile phones and other high-tech media.

Considered the gold of the 21st century, these minerals have physical-chemical properties that allow them with other alloys to conduct heat, electricity and magnetization capacity, useful in high-tech devices.

The exploitation of the land will last from 10 to 20 years after 200 wells were opened at 35 meters depth, said Timothy George, managing director at Ozango Minerais S.A., the company created by Ferrangol and Pesana.

However, George did not mention numbers on the investment nor the value of the metals discovered, which will be extracted as raw material.

Although Angola has no capacity for marketing the rare earth internationally, the company will do the concentrates and create conditions for buyers to acquire it in the local market, at an approximate value of 60 dollars per kilogram, he remarked.


Hot News / Related to recommend
  • 2019 - 08 - 16
    Click on the number of times: 0
    source:Australian MiningNorthern Minerals is set to raise $20 million, which will be used towards the progression of its Browns Range rare earths project in Western Australia.The capital will fund pro...
  • 2019 - 08 - 15
    Click on the number of times: 0
    source:Phys.OrgRare earth elements are the 'secret sauce' of numerous advanced materials for energy, transportation, defense and communications applications. Their largest use for clean energy is in p...
  • 2019 - 08 - 14
    Click on the number of times: 0
    source:Streetwise ReportsDefense Metals Corp. (DEFN:TSX.V; DFMTF:OTC; 35D:FSEQB) started the 2019 diamond drill program at its Wicheeda rare earth elements project in British Columbia, it announced in...
  • 2019 - 08 - 14
    Click on the number of times: 0
    source:Small CapsPerth-based Red Mountain Mining (ASX: RMX) has entered into an earn-in and joint venture agreement with Unearthed Resources Pty Ltd over two highly-prospective rare earths and nickel-...
  • Copyright ©Copyright 2018 2020 Shanghai rare earth association All Rights Reserved Shanghai ICP NO.05017621
    the host:Shanghai Association of Rare Earth the guide:Shanghai Development and Application Office of Rare Earth the organizer:Shanghai rare earth industry promotion center
    犀牛云提供云计算服务