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Limpopo-based Glenover Could Become Low-cost Rare Earth Oxide Producer
Feb. 26, 2014 10:32AM PST
Rare Earth InvestingMining Weekly reported that Alex Andersson, CEO of Ferminore (Pty) Ltd., said that the completion of the prefeasibility study for the Limpopo-based Glenover rare earth project shows that Glenover Phosphate (Pty) Ltd., the project’s operator, has the potential to become a low-cost fertilizer and rare earth oxide producer.
Mining Weekly reported that Alex Andersson, CEO of Ferminore (Pty) Ltd., said that the completion of the prefeasibility study for the Limpopo-based Glenover rare earth project shows that Glenover Phosphate (Pty) Ltd., the project’s operator, has the potential to become a low-cost fertilizer and rare earth oxide producer.
As quoted in the market news:
The mine, which was previously owned and operated by GoldFields, has a South African Code for Reporting of Exploration Results and Mineral Reserves-compliant indicated resource of ten-million tonnes and an initial 25-year project life.
‘Considering the balanced co-product environment, the company will enjoy considerable marketing flexibility, allowing it to compete aggressively in two long-term markets while gaining further credits from niobium and other secondary products,’ Andersson noted.