OCTOBER 12, 20207:14 PMUPDATED AN HOUR AGOPensana Rare Earths looks into UK processing facility
By Reuters Staff
1 MIN READ
(Reuters) - Pensana Rare Earths PRE.L, which is developing the Longonjo rare earths project in Angola, has appointed Wood Group to study the potential for the company to set up a rare earth oxide production facility in Britain.
Rare earths are a group of minerals, including neodymium and praseodymium (NdPr) oxide, used in magnets helping power a range of products from iPhones to wind turbines.
The projected production from Longonjo, combined with a processing facility in Britain, would be enough to supply the wind turbines at Dogger Bank - a wind farm off the coast of Yorkshire - for the next 20 years, Pensana said on Monday.
Each turbine requires over 7 tonnes of permanent magnets, Pensana said.
Prime Minister Boris Johnson last week announced a 160 million pound investment as part of a drive to quadruple Britain’s offshore wind capacity to 40 gigawatts (GW) by 2030, in a bid to build a “green” recovery from the pandemic.
https://uk.reuters.com/article/uk-pensana-rare-britain/pensana-rare-earths-looks-into-uk-processing-facility-idUKKBN26X12Q
- Forums
- ASX - By Stock
- Media
OCTOBER 12, 20207:14 PMUPDATED AN HOUR AGOPensana Rare Earths...
-
- There are more pages in this discussion • 573 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)