Mintek Opens Pilot Rare Earth Solvent Extraction Plant in South Africa
South Africa’s Mintek has opened a pilot rare earth solvent extraction plant in the country, according to Mining Weekly. According to Alan McKenzie, General Manager for the company’s technology division, the plant cost roughly R10-million to build.
South Africa’s Mintek has opened a pilot rare earth solvent extraction plant in the country, according to Mining Weekly. According to Alan McKenzie, General Manager for the company’s technology division, the plant cost roughly R10-million to build.
As quoted in the publication:
He pointed out that Southern Africa possessed significant rare earth element deposits, highlighting that South Africa alone had over a one-million tons of know rare earth element deposits.
McKenzie said the plant had the potential to assist South Africa in growing its rare earth element sector, as, unlike conventional refineries, it could process ore and chemical concentrates from multiple mines. This would enable mines, particularly those owned by junior miners, to combine their resources to establish one processing facility to be shared among them.
“Many rare earth deposits are currently owned by junior miners and they are finding it very difficult to raise the money that is required to develop these projects. A significant portion of the costs of these operations is related to the refining of rare earths,” he said.
MARKETS
COMMODITIES
Commodities | |||
---|---|---|---|
Gold | 1927.96 | +0.24 | |
Silver | 23.60 | +0.01 | |
Copper | 4.23 | -0.04 | |
Palladium | 1713.17 | 0.00 | |
Platinum | 1087.26 | 0.00 | |
Oil | 79.38 | -1.63 | |
Heating Oil | 3.19 | -0.11 | |
Natural Gas | 2.85 | -0.09 |
DOWNLOAD FREE REPORTS
BROWSE COMPANIES BY SECTOR
- Agriculture Investing
- Phosphate Investing
- Potash Investing
- Base Metals Investing
- Copper Investing
- Iron Investing
- Lead Investing
- Nickel Investing
- Zinc Investing
- Battery Metals Investing
- Cobalt Investing
- Graphite Investing
- Lithium Investing
- Manganese Investing
- Vanadium Investing
- Critical Metals Investing
- Magnesium Investing
- Rare Earth Investing
- Scandium Investing
- Tantalum Investing
- Tellurium Investing
- Tungsten Investing
- Energy Investing
- Oil and Gas Investing
- Uranium Investing
- Gem Investing
- Diamond Investing
- Industrial Metals Investing
- Aluminum Investing
- Chromium Investing
- Coal Investing
- Molybdenum Investing
- Tin Investing
- Precious Metals Investing
- Gold Investing
- Palladium Investing
- Platinum Investing
- Silver Investing
- 3D Printing Investing
- Bitcoin Investing
- Blockchain Investing
- Cleantech Investing
- Cloud Investing
- Cryptocurrencies
- Data Investing
- Emerging Tech Investing
- Artificial Intelligence Investing
- Mobile Investing
- Robotics Investing
- Fintech Investing
- Gaming Investing
- Esports Investing
- Nanoscience Investing
- Graphene Investing
- Nanotech Investing
- Security Investing
Featured {{ post.primary_section_name }} Stocks
Investing News Network websites or approved third-party tools use cookies. Please refer to the cookie policy for collected data, privacy and GDPR compliance. By continuing to browse the site, you agree to our use of cookies.