Modern Mining

LSE-listed Rainbow, the rare earth element mining company, has exported its first 25-tonne shipment of rare earth concentrate from the Gakara project in Burundi. 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).

The first shipment of concentrate from Gakara has been dispatched (photo: Rainbow).

Martin Eales, CEO of Rainbow, commented: “Rainbow can now rightly claim to be 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 5 000 t/a run rate by the end of 2018.

“Rare earths have a vital input in some of the world’s fastest growing markets including renewable energy, electric vehicles, telecommunications and defence and, due to the demand of these important technology metals, prices have strengthened considerably this year. We are eager to further increase our production profile and as such have been exploring the Gakara licence area alongside our development work which has resulted in the recent exploration success identifying four large anomalies. With initial production now underway, we look forward to further unlocking the value of Gakara for the benefit of our shareholders.”

Production of this batch of concentrate was achieved prior to completion of final commissioning of the processing plant through a primary crushing circuit capable of treating undiluted run of mine ore without requiring the gravity separation circuits incorporated within the total processing plant.

Rainbow expects to move to truck convoy shipments on at least a weekly basis during Q1 2018 as production increases.

Mining has continued to make good progress at Gasagwe and has already delivered the targeted ROM ore stockpile for the commissioning period. Rainbow says it is continuing to advance its understanding of the Gasagwe deposit in order to maximise mining production and has recently made additions to the mining fleet on a rental basis in order to accelerate the rate of waste stripping in order to access the high-grade vein material.

Contact Modern Mining

Title: Editor
Name: Arthur Tassell
Email: mining@crown.co.za
Phone: +27 11 622-4770
Fax: +27 11 615-6108

Title: Advertising Manager
Name: Bennie Venter
Email: benniev@crown.co.za
Phone: +27 11 622-4770
Fax: +27 11 615-6108

BANNER 9

 
Full Name*
Invalid Input

Company Name*
Invalid Input

Your Email*
Invalid Input

Phone*
Invalid Input

Postal Address 1*
Invalid Input

Postal Address 2*
Invalid Input

Postal Code*
Invalid Input

Street Address 1
Invalid Input

Street Address 2
Invalid Input

Postal Code
Invalid Input

Town / City*
Invalid Input

Country*
Invalid Input

Magazine

Invalid Input

Invalid Input