Mt Weld rare earths mine and concentration plant expansion, Australia
Name of the Project
Mt Weld rare earths mine and concentration plant expansion.
Location
Goldfields region of Western Australia.
Project Owner/s
Lynas Rare Earths.
Project Description
The Mt Weld capacity expansion is a brownfield project that will be undertaken at the existing Mt Weld tenure.
Lynas aims to expand production at the mine from 7 000 t/y to 12 000 t/y of neodymium praseodymium by increasing the throughput capacity from 300 000 t/y to 1.3-million tonnes a year by 2024.
Further capacity expansion in existing upstream and downstream production, together with growth options for 2025 and beyond, are being developed. This includes two additional stages at Mt Weld, with each one offering a pathway to an additional 2 400 t of neodymium praseodymium equivalent a year.
Potential Job Creation
The Mt Weld expansion project is expected to create up to 300 jobs during construction and more than 100 ongoing operational jobs in the Goldfields region.
Net Present Value/Internal Rate of Return
Not stated.
Capital Expenditure
About A$500-million.
Planned Start/End Date
The project is expected to enter full operation in 2024.
Latest Developments
Construction activities are expected to start in early 2023.
Key Contracts, Suppliers and Consultants
None stated.
Contact Details for Project Information
Lynas Rare Earths, tel +61 8 6241 3800.
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