24 February 2011 16:46 [Source: ICIS news]
TORONTO (ICIS)--Canadian mining firm Great Western Minerals is considering a rare earths separation project in ?xml:namespace>
Great Western said the facility, at Steenkampskraal near
The company said it was in “advanced discussions” with potential partners, but it would not disclose names or comment on capacities, start-up date, or financial details.
The project would, if realised, be part of Great Western’s strategy to become a fully-integrated rare earths producer, CEO Jim Engdahl said.
“Great Western’s management remains confident about the long term pricing strength of the rare earths market,” Engdahl added.
In related news,
Earlier this month, the EU Commission proposed a series of measures to protect EU member states against the volatility in commodity prices and to secure access of raw materials, including rare earths.
Also in February, a German chemical industry group said high prices and tight supplies of rare earths and other key metals and materials posed a threat to producers’ growth prospects.
Meanwhile, in the
Saskatoon, Saskatchewan-based Great Western Minerals is described as a rare earths processor, with focus on specialty alloys used in the battery, magnet and aerospace industries. It holds a 70.2% stake in Rare Earth Extraction Co. Limited, the owner of a mine at Steenkampskraal.
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