Mining News

Pensana completes FEED, notes lower Saltend, Longonjo development costs

Magnet metal and rare earths miner Pensana has completed the front-end engineering design (FEED) for its UK-based Saltend rare earths production facility and its Angola-based Longonjo mine, reducing the capital expenditure costs of the projects and improving its operating profitability.

A comprehensive value engineering and enhancement programme is well advanced and is expected to be reported in April, which is intended to result in a further reduction in the capital costs.

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