London-listed Rainbow Rare Earths has assured its shareholders that its Phalaborwa project has not been impacted by the civil unrest in South Africa.
The company confirmed in a statement on July 16 that its work continues unabated, which, at the moment, entails an optimised process flow sheet based on ongoing metallurgical testwork being conducted in Australia.
The company will update shareholders on the optimisation results confirming the successful extraction of these rare earths from the 38-million tonnes of gypsum contained in the two residue stacks at Phalaborwa once available.
Rainbow’s announcement refers to civil unrest that the country has been experiencing since the incarceration of former President Jacob Zuma. What started as protests escalated to become mass lootings and outbreaks of violence over the past two weeks.