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Northern Minerals Closer to New Australian Rare Earth Mine
Mining.com reported that Northern Minerals (ASX:NTU) locked in $6 million in funding from Macquarie Bank Limited, while the Environmental Protection Agency recommended the Browns Range mine for conditional environmental approval.
As quoted in the publication:
The proposed mine straddles the West Australian and Northern Territory border on the Browns Range Dome and is expected to produce 279,000 kg of dysprosium a year over its 10-year mine life, with production slated to begin in 2016.
