African Continent's Key Minerals: European and American Companies Intensely Deploy in Africa's Rare Earth Industry, Trying to Challenge China's Dominance

Australian Lindian Resources Appoints Zack Komer to Lead Malawi's First Rare Earth Mine

¬ Lindian Resources Appoints Zack Komer to Lead Malawi's First Rare Earth Project

¬ Raised 59 million U.S. dollars for the Kangankunde Mine, Production is Expected to Start by the End of 2026

¬ The Project is Part of an Ongoing Development Effort to Diversify Global Rare Earth Supply

Lindian Resources announced in a report on Monday that it has appointed Zack Komer as Executive Director. Previously serving as a Non-Executive Director, Komer is expected to lead the development of the Kangankunde project, which is expected to become Malawi's first rare earth mine.

Robert Martin, Executive Chairman of Lindian Resources, stated, "We are very pleased that Zack Komer has been appointed as Executive Director to lead the first and second phase expansion of our Kangankunde Rare Earth Project. Zack has over 25 years of experience in project delivery, having executed greenfield and brownfield capacity expansion projects for companies such as BHP, Fortescue, and INPEX, with extensive experience in implementing global landmark projects."

Just weeks ago, the company raised approximately 59 million U.S. dollars to launch the first phase of the Kangankunde project. This funding will be used to build a mine with an annual production capacity of 15,300 tons of rare earth concentrate, which is expected to start production by the end of 2026. Feasibility studies for the second phase of the project are currently underway, which could increase annual output to 50,000 tons, with results expected to be released by the end of 2025.

Construction of the mine is scheduled to begin in early 2026. Kangankunde is one of several rare earth projects in Africa, with other countries attempting to challenge China's dominant position in the global rare earth supply chain.

Earlier this year, British Pensana Corporation had already launched the Longonjo project in Angola. Peak Rare Earths is developing the Ngualla project in Tanzania, while Rainbow Rare Earths is actively advancing its Phalaborwa project in South Africa.

Source: ecofinagency

Original: www.toutiao.com/article/1843440023111692/

Statement: This article represents the views of the author himself.