Rainbow reiterates potential of South Africa, Brazil projects

Rainbow Rare Earths is bullish about the potential of its Phalaborwa rare earths project in South Africa, as it is expected to be the highest margin rare earth elements (REEs) project in development owing to its different capital and operating cost profile compared to traditional projects, CEO George Bennet says in an unaudited results statement for the six months ended December 31. “Phalaborwa is a unique project in the rare earths space. Due to the fact that it is focused on the reprocessing of phosphogypsum stacks to recover rare earths, it has a fundamentally different cost profile to traditional mining projects, and it is therefore expected to be the highest margin rare earth project in development today,” he comments.