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Category: Rare Earth Metals

Uganda Grants License for Mukuutu Heavy Rare Earths Project 1 International Mining Projects Rare Earth Metals 

Uganda Grants License for Mukuutu Heavy Rare Earths Project

Constance
Ugandan rare earth mining company Rwenzori Rare Metals has received approval from the Ministry of Energy & Mineral Development to proceed with the development of the Makuutu Heavy Rare Earths Project in eastern Uganda. A mining license has been issued – the first under the 2022 Mining Act. The milestone brings the Makuutu project closer to a final investment decision, which is expected this year. Rwenzori Rare Metals plans to start production in 2026, with the company also securing a renewal of its exploration license for the area from the… Read More Here
South African Rare Earths Project Receives U.S. Support 2 International Mining Projects Rare Earth Metals 

South African Rare Earths Project Receives U.S. Support

Constance
The United States (U.S.) is showcasing its support for South Africa’s Phalaborwa Rare Earths Project – poised to become the largest, low-cost producer of rare earths oxides globally – with Mining company, Rainbow Rare Earths, hosting a U.S. Congressional staff delegation for a site visit at the project this week. The visit follows a $50 million investment in the project by the U.S. government’s International Development Finance Corporation. The investment – which was announced on 3 December 2023 during the COP28 Summit in Dubai – will be made to private… Read More Here
How to mine precious rare-earth elements from coal fly ash with a reusable ionic liquid 3 International Rare Earth Metals You got to know this 

How to mine precious rare-earth elements from coal fly ash with a reusable ionic liquid

Chilombo Mahamba
Researchers from the American Chemical Society (ACS) have published an Environmental Science & Technology report which explains a simple method for recovering rare-earth elements from coal fly ash using an ionic liquid. Rare-earth elements are in many everyday products, such as smart phones, LED lights and batteries. However, only a few locations have large enough deposits worth mining, resulting in global supply chain tensions. So, there’s a push toward recycling them from non-traditional sources, such as waste from burning coal fly ash. While rare-earth elements aren’t as scarce as their name implies,… Read More Here
Mines: towards new sustainability standards for the exploitation of rare earths Metals - DRC 4 Mining in DRC Rare Earth Metals 

Mines: towards new sustainability standards for the exploitation of rare earths Metals – DRC

Janet
Rare earth producers are in the process of developing a unique set of global environmental standards specific to this industry and which should come into force in 2021. The DRC, which is one of the producers of rare earths, will have to align itself in order to find outlets for the export of these raw materials. Under consumer pressure, the rare earth industry and standardize environmental standards in the exploitation of these raw materials. Indeed, manufacturers of products such as electronics and electric vehicles (EVs) are themselves under pressure from consumers… Read More Here
Chinese rare earth metals surge in price 5 Rare Earth Metals 

Chinese rare earth metals surge in price

Janet1 Comment
BMO Capital Markets says that a surge in the price of Chinese rare earth metals in November is a reflection of the geopolitical tensions between that country and the developed world. Commenting on the sudden price gains in a research note, BMO’s commodity analyst Colin Hamilton also said that as nations around the world consider self-sufficiency in rare earths and other critical minerals, while also enacting more trade restrictions and economic protectionism, the market “is set for long-lasting transformation over the coming years, one that we believe will likely lead… Read More Here
Tanzania finalising permit for its first rare-earth metals mine 7 Rare Earth Metals 

Tanzania finalising permit for its first rare-earth metals mine

Janet
Tanzania is in the final stages of approving a permit for the country’s first rare earths mine to Australian company Peak Resources as the government seeks a bigger share of revenue from natural resources. The State is also finalising a gold-mining license for another Australian company, OreCorp at the Nyanzaga project in the northwest of the country, according to Mining Minister Doto Biteko. The East African nation is Africa’s fourth-biggest producer of the precious metal and plans to increase mineral earnings by at least a third during the next three years. It also has vast deposits of coal, rare-earth metals, iron ore and gemstones. “The… Read More Here
Pensana 12 Rare Earth Metals 

Pensana seeks funding for it’s Angola rare earth project

arnbethnic
Pensana Rare Earths is in early stage talks with lenders including Barclays, South Africa’s Rand Merchant Bank (RMB) and funds including Fidelity to secure more funding for its Angola project, its chairman said on Monday.   Chairman Paul Atherley said the miner planned to raise between $30-$50 million of working capital from the banks while funds would be tapped for about $25 million in equity for the construction of the mine. State-owned China Great Wall Industry Corporation (CGWIC) will provide the rest of the up to $170 million required to build… Read More Here

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