https://newsletter.mw.creamermedia.com
Components|Construction|Mineral Processing|PROJECT|supply-chain|Technology|Equipment|Products
Components|Construction|Mineral Processing|PROJECT|supply-chain|Technology|Equipment|Products
components|construction|mineral-processing|project|supply chain|technology|equipment|products

Hastings considers Saudi Arabia for rare earths plant

28th November 2024

By: Mariaan Webb

Creamer Media Senior Deputy Editor Online

     

Font size: - +

Australia’s Hastings Technology Metals on Thursday announced a partnership with the Ministry of Investment in Saudi Arabia (MISA) to potentially establish a fully integrated rare earths downstream processing supply chain in the Kingdom.

The collaboration aligns with Saudi Arabia’s broader economic diversification plan under its Vision 2030, aiming to reduce reliance on oil revenue and position the country as a global player in high-tech industries and mineral processing.

Under the partnership, Hastings joins nine other key participants in MISA’s $9-billion Global Supply Chain Resilience Initiative, a programme designed to strengthen the supply chain for critical minerals and foster economic growth.

Hastings is currently advancing a two-stage strategy for its flagship Yangibana rare earths and niobium project in Western Australia. The first stage of the project involves the construction of a beneficiation plant at the mine site in the Gascoyne region. The second stage is focused on developing a hydrometallurgical plant to process rare earths. As part of the Stage 2 development, Hastings is assessing potential locations in several regions, including Onslow in Western Australia, Estonia, and Saudi Arabia.

“Rare earths magnet products produced in Saudi Arabia are well positioned to supply components to original equipment manufacturers and Tier 1 suppliers in Europe, the US, and Middle Eastern markets,” the company, headed by Charles Lew, noted in a statement.

Lew said Hastings was looking forward to working with the Saudi government to assess plans for the construction of a hydrometallurgical plant and downstream facilities in the Kingdom, as well as working to secure Saudi joint venture partners and development financing support.

Edited by Creamer Media Reporter

Comments

 

Showroom

Alco-Safe
Alco-Safe

Developed to exceed the latest EN 15964 standards for police breathalysers proving that it will remain accurate and reliable for many years to come.

VISIT SHOWROOM 
Werner South Africa Pumps & Equipment (PTY) LTD
Werner South Africa Pumps & Equipment (PTY) LTD

For over 30 years, Werner South Africa Pumps & Equipment (PTY) LTD has been designing, manufacturing, supplying and maintaining specialist...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Minerals Council South Africa CEO Mzila Mthenjane
Minerals Council optimistic about ongoing MPRDA review
13th December 2024 By: Marleny Arnoldi
Magazine round up | 13 December 2024
Magazine round up | 13 December 2024
13th December 2024

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:0.106 0.181s - 127pq - 2rq
Subscribe Now