UK-based rare earths exploration and development company Pensana has entered the construction stage at its Longonjo neodymium-praseodymium mining project in western Angola.
Pensana is investing up to $300 million for the development of the Longonjo mine and processing infrastructure and has placed orders for project items such as tailings storage facility; power supply and substation; acid plant; calciner and dryers; flotation plant; reagents handling; comminution circuit; thickeners; earthworks and civils; filters & nano filtration; potable water supply.
Pensana plc (LON:PRE) explores and mines neodymium, praseodymium, and rare earth minerals. The company is looking to establish the world’s first fully sustainable magnet metal rare earth oxide producer at the Saltend Chemicals Park in the Humber Local Enterprise Partnership Yorkshire, UK.