https://www.miningweekly.com
Coal|Exploration|Gold|Mining|Platinum|Resources
Coal|Exploration|Gold|Mining|Platinum|Resources
coal|exploration|gold|mining|platinum|resources

Rainbow augments portfolio with rare-earth licences in Zimbabwe

22nd November 2019

By: Tasneem Bulbulia

Senior Contributing Editor Online

     

Font size: - +

LSE-listed Rainbow Rare Earths has acquired ten mining claims in Zimbabwe, as part of its strategy to augment its rare-earth portfolio.

Zimbabwe is geologically well known for hosting a large number of minerals, including gold, battery metals, coal, platinum-group metals (PGM) and chrome resources. Zimbabwe has the second-largest PGM and chrome resources globally.

The properties, while not historically explored for rare earths, have been explored for phosphate in the past.

Rainbow has acquired these licences through its wholly owned Zimbabwe subsidiary Rainbow Zimbabwe, which will hold 100% of the licences, with no free-carried interest for the government.

Rainbow will immediately begin with an exploration programme, including geological mapping, sampling and assaying with the aim to conclude an interpretation report with focus on rare-earth element potential, namely sizes, grades and mineralogy.

"With our strategic intent for our licences in Burundi well on track, the company stabilised, I believe this is a great opportunity to diversify the portfolio, with low risk and minimal capital outlay," says Rainbow CEO George Bennett.

Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online

Comments

Projects

Image of lithium ore stockpile
Lithium conversion plant, Australia
Updated 2 hours 29 minutes ago By: Sheila Barradas
Aerial view of the Amapá mine
Amapá iron-ore project, Brazil
Updated 2 hours 29 minutes ago By: Sheila Barradas

Showroom

Willard
Willard

Rooted in the hearts of South Africans, combining technology and a quest for perfection to bring you a battery of peerless standing. Willard...

VISIT SHOWROOM 
Booyco Electronics
Booyco Electronics

Booyco Electronics, South African pioneer of Proximity Detection Systems, offers safety solutions for underground and surface mining, quarrying,...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

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?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.108 0.145s - 89pq - 2rq
1:
1: United States
Subscribe Now
2: United States
2: