Magnetics Business & Technology - November/December 2024 - 9
FEATURE ARTICLE
Bardin David, CEO of
Peak
" This marks yet another major derisking
milestone and further strengthens
Ngualla's position as one of the
world's most attractive and advanced
rare earth projects, " noted Bardin David,
CEO of Peak. " Our offtake agreement
with Shenghe delivers a higher level of
payability and is supporting our rapidly
advancing debt financing process. " According
to the company, its Ngualla Rare
Earth Project in Tanzania contains one
of the largest, highest grade and lowest
cost Neodymium Praseodymium (NdPr)
rare earth deposits in the world.
The project entails the construction of a mine, mill, concentrator,
community projects and associated infrastructure. Construction
of the project is expected to cost approximately US$320 million.
Its Jiangzi Business Group is a major provider of medium and heavy
rare earths capable of rare earths separation, metals and recycling.
Shenghe's global footprint
Based in Chengdu, the capital of Sichuan Province in southwest
China, and listed on the Shanghai stock exchange with
about US$2 billion market capitalization, Shenghe is the largest
importer of rare earth concentrate into China, primarily due to its
processing arrangement with MP Materials. It owns about 7.7%
of MP Materials and has been a long-time provider of separations
services for ore shipped from MP's Mountain Pass mine
near Las Vegas - a relationship likely changing as MP ramps up
its own separations facility at its site in Mountain Pass, California.
Other Shenghe rare earths investments include holdings in
Vietnam Rare Earths, Australian companies Energy Transition
Minerals, WIM Resources, and Vital Metals which is developing
the Nechalacho rare earths project in Canada.
Its Sichuan Business Group is led by Leshan Shenghe Rare Earths and
others which are major players in light rare earths, separations and
metals.
For more info, see www.en.shengheholding.com, www.neomaterials.com,
www.peakrareearths.com.
www.MagneticsMag.com
November/December 2024 * Magnetics Business & Technology 9
http://www.neomaterials.com
http://www.shengheholding.com/
http://www.neomaterials.com
http://www.peakrareearths.com
http://www.intemag.com
http://www.MagneticsMag.com
Magnetics Business & Technology - November/December 2024
Table of Contents for the Digital Edition of Magnetics Business & Technology - November/December 2024
Contents
Magnetics Business & Technology - November/December 2024 - Cover1
Magnetics Business & Technology - November/December 2024 - Cover2
Magnetics Business & Technology - November/December 2024 - Contents
Magnetics Business & Technology - November/December 2024 - 4
Magnetics Business & Technology - November/December 2024 - 5
Magnetics Business & Technology - November/December 2024 - 6
Magnetics Business & Technology - November/December 2024 - 7
Magnetics Business & Technology - November/December 2024 - 8
Magnetics Business & Technology - November/December 2024 - 9
Magnetics Business & Technology - November/December 2024 - 10
Magnetics Business & Technology - November/December 2024 - 11
Magnetics Business & Technology - November/December 2024 - 12
Magnetics Business & Technology - November/December 2024 - 13
Magnetics Business & Technology - November/December 2024 - 14
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Magnetics Business & Technology - November/December 2024 - 16
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Magnetics Business & Technology - November/December 2024 - 18
Magnetics Business & Technology - November/December 2024 - 19
Magnetics Business & Technology - November/December 2024 - 20
Magnetics Business & Technology - November/December 2024 - 21
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Magnetics Business & Technology - November/December 2024 - Cover3
Magnetics Business & Technology - November/December 2024 - Cover4
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