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HAS

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29.5¢ hastings technology metals ltd

How does HAS differentiate against other RE players, page-125

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ChinaSyndrome

3,759 Posts.

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30/06/21

10:48

Post #: 54168479
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Originally posted by aWombat: ↑

HAS being based in Australia has a great deposit with very low country/sovereign risk.

Rio Tinto just announced the closure of it's heavy rare earths mine due to security issues and highlights risks of HAS' competitors with deposits in Africa & other 3rd world countries. ILU with Australia heavy rare earth deposits is up big time today.

29 June 2021 LONDON--(BUSINESS WIRE)-- Rio Tinto has declared force majeure on customer contracts at Richards Bay Minerals (RBM) in South Africa due to an escalation in the security situation at the operations. This has led to the decision to cease operations until the safety and security position improves.Rio Tinto chief executive Minerals, Sinead Kaufman, said: “The safety of our people is our top priority.We continue to offer our full support to the investigating authorities and I would like to acknowledge the ongoing support of the regional and national governments and South African Police Service as we work together to ensure that we can safely resume operations.”All mining and smelting operations at RBM have been halted until further notice. The Zulti South project has remained on full suspension since the security and community issues in 2019.

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Richards Bay is a Heavy Mineral Sands operation (TiO2) not really a HREE mine although they do produce some minor amounts of Monazite. The bigger news is the suspension of Rainbow RE's Burundi operation.

HAS Price at posting: 17.0¢ Sentiment: None Disclosure: Not Held
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