Kvanefjeld by-products profitable - Greenland Minerals
PERTH (miningweekly.com) – By-products from the Kvanefjeld rare earths project, in Greenland, could contribute as much as $60-million in revenue annually, ASX-listed Greenland Minerals said.
The company on Thursday pointed out that the Kvanefjeld deposit contained a large low-grade uranium resource, which could produce some 475 t/y at a cost of around $5-million.
Uranium sales are expected to contribute up to $45-million a year in revenues, representing a significant gross margin contributor, Greenland said.
Uranium production would also reduce the environmental impact of the project, and would contribute to the reduction of global greenhouse gas emissions through power generation, the junior company said, adding that uranium recoveries would also reduce the volume of uranium disposed of in the tailings and residual radioactivity in the project area.
Meanwhile, the project is also expected to support some 6 000 t/y of zinc-in-concentrate production, which could generate a further $6-million a year in revenue, after allowing for treatment charges.
Furthermore, Kvanefjeld could also produce metallurgical grade fluorspar at a rate of 12 500 t/y, which would add approximately $4-million a year in revenues.
The project is expected to produce some 32 000 t/y of rare earth oxide at a processing rate of three-million tonnes a year, including 4 260 t/y for neodymium oxide, 1 420 t/y for praseodymium oxide and 270 t/y for dysprosium oxide.
Article Enquiry
Email Article
Save Article
Feedback
To advertise email advertising@creamermedia.co.za or click here
Research Reports
Projects
Latest Multimedia
Latest News
Showroom
For over 60 years, VEGA has provided industry-leading products for the measurement of level, density, weight and pressure. As the inventor of the...
VISIT SHOWROOM
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation
