Translate 1st Article..20 May 2021 17:32
RAINBOW RARE EARTHS RESETS OPERATIONS IN BURUNDI
MAY 17, 2021
Rainbow Rare Earths resets operations in Burundi
LONDON, UNITED KINGDOM, May 17, 2021 /EINPresswire.com/ - Rainbow Rare Earths Limited (LSE: RBW), recently reset its operations in Burundi, where its Gakara project, which produces one of the highest concentrates in the world through ongoing trial mining operations, is currently the only African producer of rare earths.
Rainbow Mining Burundi Managing Director, Dr Gilbert Midende, retired for health reasons on May 1. A geologist by training, Midende has held several high-level positions in the Central African country, including that of Minister of Mines from 1988 to 1993. Although generally well regarded, the Director General has been considered by some in the current Burundian government. as a relic of a regime that was replaced after the end of the civil war in 2005. Recently, the Director General had been the subject of several attacks in the local press.
Until the appointment of a new permanent managing director, the company announced that its CEO, veteran South African mining executive George Bennett, will also assume the management of operations in Burundi.
In order to strengthen the company's team in its relations with the Burundian government, Rainbow's board of directors announced the appointment of Ambassador J. Peter Pham, former United States special envoy for the Great Lakes in Africa, as non-executive director. Pham has the reputation of being one of the few Western diplomats to maintain good relations with the Burundian government. He even visited once to meet the late President Pierre Nkurunziza at his home in the north of the country, posting pictures on social media with him casually dressed.
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