Pensana appoints project delivery team leads as $10m equity investment confirmed

Pensana has appointed the lead figure for its project delivery team as it brings rare earth operations to Saltend.

Hamish Westwater is to head a group of 134 specialist engineers to execute and commission the £150 million Humber plant, with Kevin Botha to lead on mining and extraction in Africa.

It follows the ceremonial breaking of ground in East Yorkshire by chairman Paul Atherley and Business Secretary Kwasi Kwarteng, and comes as the Angolan Sovereign Wealth Fund makes a further $10 million (£8.2 million) equity investment in the London-listed inward investor.

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.

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