Pensana's Longonjo project re-engineering advances on schedule
21st Aug 2023 10:42
(Alliance News) - Pensana PLC on Monday said re-engineering work at its Longonjo rare earth mine is progressing as planned. Read More
(Alliance News) - Pensana PLC on Monday said re-engineering work at its Longonjo rare earth mine is progressing as planned. Read More
Pensana PLC - rare earths explorer - Outlines new plan which will reduce capital expenditure at Longonjo asset to USD105 million from USD200 million. Major shareholder FSDEA to provide immediate USD15 million loan facility, which forms part of a broader USD80 million investment. Funding will go towards development of mine. Absa Bank, meanwhile, will arrange USD120 million project debt facility. "We are delighted with the ongoing support from the government of Angola, FSDEA, Absa and others for the development of this important project. Longonjo is one of the world's largest undeveloped rare earth projects which benefits from a high-grade near surface orebody, with low-cost hydroelectricity and direct access to the Lobito Corridor rail and port infrastructure," Chair Paul Atherley says. Mine will employ around 650 people during construction and will create 420 permanent high value jobs, Pensana adds. Read More
(Alliance News) - Pensana PLC on Monday posted an updated on its Saltend rare earth separation facility in England and the Longonjo undeveloped rare earth mine in Angola. Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Friday and not separately reported by Alliance News: Read More
(Alliance News) - London's FTSE 100 rounded off a difficult March with gains on Friday, as an easing of inflationary pressure in Europe and the US lifting the mood. Read More
(Alliance News) - The following is a round-up of London-listed company director and manager changes announced this week and not separately reported by Alliance News: Read More
(Alliance News) - Pensana PLC on Monday said that its Saltend and Longonjo projects have commenced on-site construction programmes. Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and Friday not separately reported by Alliance News: Read More
(Alliance News) - Pensana PLC on Wednesday said it has been finalising specifications across each of its operations in order to keep to its planned construction and execution schedule for the year. Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News: Read More
(Alliance News) - Pensana PLC on Tuesday published its 'Blueprint for Sustainable Rare Earths' sustainability report, as it seeks to supply rare earth metals for the energy transition. Read More
Pensana PLC - London-based rare earth metal miner - Reported on Friday a total rare earth oxide reserve at the Longonjo mine of 767,000 tonnes at 2.55%. The proved total rare earth oxides was 3.19% while probable TREO was 2.05% using a NdPrO cut-off of 0.3%. Cutoff grade is the minimum grade required for a mineral to be economically mined. Material found above the grade is considered to be ore. NdPrO is neodymium and praseodymium oxide. Ore reserve estimate was undertaken by Snowden Optiro. The Longonjo rare earths deposit is based in Angola. Read More
(Alliance News) - Pensana PLC on Tuesday said it has partnered with Polestar Automotive Holding UK PLC on its "moon-shot" goal of creating the first climate-neutral car by 2030. Read More
(Alliance News) - Pensana PLC on Friday said Angolan Sovereign Wealth Fund will make a further USD10.0 million equity investment into the London-based miner. Read More
Pensana PLC - London-based rare earth metal miner - Starts the construction of a rare earth processing hub in Yorkshire's Saltend. Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News: Read More
Pensana PLC - London-based rare earth metal miner - Completes front end engineering design and and value engineering study for its independent and sustainable rare earth processing hub at the Saltend Chemicals Park located in Hull, England. Says study outlines its plans to establish the plant and demonstrates sustainable operations with strong economics. Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News: Read More
Pensana PLC - London-based rare earth metal miner - Widens pretax loss to USD4.1 million in the six months to December 31 from USD2.6 million the previous year. Total assets in its first half fall 11% to USD36.3 million from USD40.8 million. In second half, company completes front-end engineering design for both Saltend and Longonjo sites. Adds it receives approaches from "major European and US electric vehicle and wind turbine original equipment manufacturers" to secure magnet metal supply chain. Read More