I’ve doubled up5 Jun 2019 10:34
The rare earths sector has seen considerable interest in recent weeks following an unsolicited bid for Australian company, Lynas Corporation, which is currently the only other listed rare earths mining company producing commercially outside of China, illustrating the global strategic importance of non Chinese sources of rare earths.
Subject to the planned investment in new fleet and pits, the Company anticipates that both Kiyenzi and Gomvyi Centre will start contributing ore tonnes in the second half of calendar 2019 (H1 19-20 financial year) and take the Company to at least breakeven production following their ramp up. Concentrate production for the next three to six months will remain dependent on tonnages from the existing pits, Gasagwe and Murambi, and therefore the Company expects full year concentrate production for the year to June 2019, prior to the impact of any of the improvements mentioned above, will be 800-900 tonnes.