16
Mar
16:28
RARE EARTH: Pensana reports improved economics for UK project
UK-listed Pensana said Wednesday the economics of its rare earth processing project in the northeast of England have materially improved, Kallanish reports.
A completed front end engineering design (FEED) study shows estimated capex reduced from $525 million to $494m, with further reductions anticipated. It covers both the Saltend rare earth processing plant in the UK and the Longonjo concentrator in Angola. The development timeline was also cut, with commis…
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