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Business|Crushing|Export|flotation|Infrastructure|Mining|PROJECT|Road|Infrastructure
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Monte Muambe rare earths project, Mozambique

Image of drill core from the Monte Muambe project

Photo by Altona Rare Earths

8th December 2023

By: Sheila Barradas

Creamer Media Research Coordinator & Senior Deputy Editor

     

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Name of the Project
Monte Muambe rare earths project.

Location
North-western Mozambique.

Project Owner/s
Altona Rare Earths.

Project Description
A scoping study has proposed the openpit mining of Target 1 and Target 4 at the Monte Muambe project over a life-of-mine of 18 years.

An estimated 750 000 t/y of ore is planned to be extracted and processed through a beneficiation plant to produce a rare-earth concentrate.

The beneficiation process will include crushing, milling and flotation.

The concentrate will be processed through a hydrometallurgical plant to produce an average of 15 000 t/y of mixed rare-earth carbonate.

The hydrometallurgical process will involve a weak acid gangue leach, followed by rare earths leaching and purification.

The mixed rare-earth concentrate product will be packaged and transported by existing road infrastructure to the Port of Beira, in Mozambique, for export.

Potential Job Creation
Not stated.

Net Present Value/Internal Rate of Return
The project has an after-tax net present value, at an 8% discount rate, of $283.3-million and an internal rate of return of 25%, with a payback of 2.5 years.

Capital Expenditure
Initial capital expenditure is estimated at $276.3-million.

Planned Start/End Date
Not stated.

Latest Developments
None stated.

Key Contracts, Suppliers and Consultants
None stated.

Contact Details for Project Information
Altona Rare Earths business development, Christian Taylor-Wilkinson, tel +44 7795 168 157 or email ctw@altonaRE.com.

Edited by Martin Zhuwakinyu
Creamer Media Senior Deputy Editor

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