https://newsletter.mw.creamermedia.com
Environment|Financial|PROJECT|Projects|supply-chain|Sustainable|Products
Environment|Financial|PROJECT|Projects|supply-chain|Sustainable|Products
environment|financial|project|projects|supply chain|sustainable|products

Pensana signs MoU for offtake with Japanese group Hanwa

Rare earths

Photo by Reuters

9th September 2024

By: Marleny Arnoldi

Deputy Editor Online

     

Font size: - +

London-listed rare earths miner Pensana has signed a nonbinding memorandum of understanding (MoU) with Japanese trading group Hanwa for the offtake up to 20 000 t/y of mixed rare earth carbonate (MREC).  

Pensana holds 84% of the Longonjo neodymium/praseodymium project in Angola. The project is expected to produce 20 000 t/y of MREC initially in 2026 and ramp up to 40 000 t/y by 2029 following planned expansions.

Hanwa and Pensana will cooperate on marketing and distribution for the MREC globally, as well as to develop a strategic and sustainable supply chain for magnet metal materials.

Hanwa is considering a deeper cooperation with Pensana including an investment in both upstream and downstream projects with the aim of delivering low embedded carbon magnet metal materials to Hanwa’s customers and future partners.

Hanwa will also consider providing financial support and to jointly study support opportunities from governmental and financial institutions for the various projects that Pensana is pursuing.

These include Coola and the Sulima West expansion, which relates to a separation and metallisation project.  

“We see this MoU as the path to finalising a long-term agreement with Pensana, ensuring high-quality magnet metal products with leading environment, social and governance benefits to Hanwa’s global customers,” Hanwa comments.

Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online

Comments

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 
Condra Cranes
Condra Cranes

ISO-certified Condra manufactures overhead cranes, portal cranes, cantilever cranes and crane components: hoists, drives, end-carriages, brakes and...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Magazine round up | 21 March 2025
Magazine round up | 21 March 2025
21st March 2025

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:0.144 0.216s - 144pq - 2rq
Subscribe Now