NEWS
GEOLOGY   Precious Metals  

Rare earth miner Lynas picks Kalgoorlie for processing plant

Australian rare earths miner Lynas Corp (ASX: LYC) has selected the city of Kalgoorlie to build its new cracking and leaching plant to extract low-level radioactivity from the ore mined at its Mt Weld operation, which is then shipped to Malaysia for final treatment.

The world’s only major producer of rare earths outside China said planned to begin building the plant, which will perform the first step of concentrate processing, in 2021. Completion is expected late 2022 or early 2023, it said.

The decision is a further step towards delivering on the Australian Government’s Critical Minerals Strategy and the objective of the Western Australian Government for more downstream processing, Lynas said in the statement.

Plant will remove low-level radioactivity from rare earths concentrate Lynas ships to Malaysia.

The miner also said it planned to explore opportunities for the next stage of rare earth processing (upstream solvent extraction) in Western Australia.

Lynas, which controls just over 10% of the global rare earths market, said last month it was fine-tuning funding plans to build a separation plant in Texas.

The facility would be the world’s only large-scale producer of separated medium and heavy rare earth products outside of China, which currently accounts for 70% of global production. Beijing also controls 90% of a $4 billion global market for materials used in magnets and motors that power phones, wind turbines, electric vehicles and military devices.

After relentless attacks in Malaysia from environmental groups and locals fearing the effects of radioactive waste generated by Lynas’ refinery, the miner agreed to relocate it to Western Australia by 2025. The deal was a condition imposed by the Southeast Asian country to renew Lynas operating licence.

Despite their name, the 17 minerals used in magnets and motors that power phones, wind turbines, electric vehicles and military devices are not rare. According to the US Geological Survey (USGS), they are roughly as common as copper. But, because rare earth ores oxidize quickly, extracting them is both difficult and extremely polluting.

In the past three months, The Trump administration has stepped up efforts to ensure the supply of critical minerals from outside China. As part of those initiatives, it recently signed a memorandum of understanding with Greenland to conduct a hyper-spectral survey to map the country’s geology.

Washington has also gained the support of Australia, which has committed to facilitate potential joint ventures to improve rare earth processing capacity and reduce reliance on Chinese rare earths. The mineral agencies of the both countries signed last week a research agreement to quantify their reserves of critical mineral reserves.

News No: 7840
Date: 2019/12/09 - 19:56
News Source: Mining.com

environmental groups  Kalgoorlie  Lynas Corp  Rare earth 

Comments:

Leave a Comment:

   
   
   
 

Newmont’s gold reserves surpass 100moz, largest in company history

Colorado-based gold miner Newmont (NYSE: NEM, TSX: NGT) has reported gold mineral reserves of 100.2 million attributable ounces for 2019, the largest ever in company history. This represents a 53% increase over the 65.4 million ounces recorded in 2018 following the completion of two major transactions and through ongoing exploration success.
 

Australia signs critical minerals research agreement with US

Australia’s minerals agency has signed a deal with its United States counterpart to jointly develop a better understanding of both countries’ critical minerals reserves, Australia said on Tuesday.
 

Revving up Greenland’s mineral production will take time

The MV Happy Dragon had just sailed into safe harbour at Charleston, S.C., when Hurricane Dorian forced the vessel back out to sea to await better weather.
 

Russia’s Polymetal may invest in rare earth project to tap electric vehicle demand

Russia’s Polymetal will consider investing in the country’s largest rare earth project Tomtor, which is being developed by the gold and silver producer’s top shareholder, chief executive Vitaly Nesis said on Wednesday.
 

Australia says advancing talks with US on rare earths mines

Australia is advancing separate talks with the U.S., Japan and South Korea over the development of local rare earths mining projects in an effort to bolster production outside China, which dominates the output of the materials.
 

Rare earths to be extracted at former Illinois coal mine

Toronto-based Avalon Advanced Materials (TSX: AVL) signed a binding Letter of Intent with Coal Strategy Advisors (CSA) to earn up to a 50% interest in the Will Scarlett rare earths recovery project, located near Marion, Illinois.
Upcoming Events
Publications
 Mines & Metals

Mine & Business Today

 Scrap & Recycling

Ahangan

Our partners