
Pensana Secures $268M for Angolan Rare Earth Project
Developed by Pensana, the Longonjo project in Angola will produce 5% of the global supply of magnet rare earths.
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Developed by Pensana, the Longonjo project in Angola will produce 5% of the global supply of magnet rare earths.
African Mining Week 2025 will outline opportunities across Africa’s rare earth sector.
The Lofdal Project is one of only two xenotime-type heavy rare earth deposits currently under development globally.
Tanzania Chamber of Mines CEO Benjamin Mchwampaka will participate in high-level discussions at the Critical Minerals Africa Summit, as the country accelerates current exploration and development projects.
Canadian mining company E-Tech Resources has raised $600,000 through a private placement to fund its rare earths exploration activities in Namibia. The capital will support ongoing exploration activities at the
According to the term sheet signed with Peak Rare Earths, Shenghe will fully fund the project by acquiring a 50% stake in Ngualla Group UK for approximately $63 million.
Upcoming projects in Tanzania, Angola, Malawi, South Africa and Uganda will enhance Africa’s standing in the global rare earths market.
This year’s Critical Minerals Africa Summit will host Tim George, CEO of Pensana, to speak on developing the continent’s rare earth sector.
First production at the Makuutu Rare Earth project in Uganda is scheduled for this March, following the commissioning of a technical facility and demonstration plant at the mine.
Ugandan rare earth mining company Rwenzori Rare Metals has received approval from the Ministry of Energy & Mineral Development to proceed with the development of the Makuutu Heavy Rare Earths Project in eastern Uganda.