Modern Mining December 2021

safety concerns both operationally and environ- mentally. Furthermore, 85% of the world’s REEs are currently produced by China, which has a significant impact on global supply and demand dynamics. Meeting anticipated demand With its exciting project-in-development in South Africa, Rainbow Rare Earths is well positioned to meet the anticipated demand and supply gap. In particular, the high grade and low-cost nature of the Phalaborwa Project, coupled with its anticipated utilisation of the latest, state-of-the-art processing technology, sets Rainbow well apart from its peers in its value and environmental proposition. Rainbow has the near-term opportunity to develop an inde- pendent, western rare earths supply chain and

become a significant, responsible producer of NdPr, with regulatory oversight. “The resolution that follows the discussions of COP26 and the affirmation of the Paris Agreement six years in the making to adhere to net-zero car- bon emissions, is a crucial factor in the dramatic increase of sustainable forms of energy production. Rainbow Rare Earths is in a pivotal position to pro- vide the foundational materials required to advance this clean technology and the green revolution,” says George Bennett, CEO of Rainbow Rare Earths. “The Phalaborwa project can be brought into production quickly, with low capital and operat- ing expenditure, in an environmentally responsible manner to deliver a high-grade oxide. In the process- ing of material from the existing gypsum stacks at

Rainbow Rare Earths is well positioned to meet the anticipated demand and supply gap for rare earth elements.

December 2021  MODERN MINING  13