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Rainbow Rare Earths: First Production and Shipment of Rare Earths Concentrate
Dec. 05, 2017 08:46AM PST
Rare Earth InvestingRainbow, the rare earth element mining company, is pleased to announce it has exported its first shipment of rare earth concentrate from its Gakara Project in Burundi (‘Gakara’). Gakara is one of the highest grade rare earth element mining projects globally, with an estimated in situ grade of 47-67% Total Rare Earth Oxide (‘TREO’), and …
Rainbow, the rare earth element mining company, is pleased to announce it has exported its first shipment of rare earth concentrate from its Gakara Project in Burundi (‘Gakara’). Gakara is one of the highest grade rare earth element mining projects globally, with an estimated in situ grade of 47-67% Total Rare Earth Oxide (‘TREO’), and the Company is targeting a production rate of 5,000tpa by the end of 2018.
Martin Eales, CEO of Rainbow, commented:
“Rainbow can now rightly claim to being the only producing rare earths mine in Africa, and the highest grade producer globally. We have successfully delivered on our stated strategy having developed the Gasagwe mine, constructed our processing plant to the point of final commissioning and now exported our first shipment of mineral concentrate all within 11 months of IPO.
This is a proud moment for all involved in the Company and we now look forward to growing our monthly production levels over the coming months targeting a 5,000tpa run rate by the end of 2018.”