RAINBOW RARE EARTHS LIMITED
in 2015 . Following its listing on the London Stock Exchange in January 2017 , the company achieved its stated target of first production and first export shipment of high grade rare earths mineral concentrate at the end of last year . Rainbow ’ s short-term aim is to produce at a rate of 5,000 tonnes per annum ( tpa ) before the end of 2018 , rising to 6,000tpa before the end of 2019 .
Rainbow ’ s Gakara project is widely recognised as one of the highest-grade REE mining projects worldwide , with an in-situ grade of up to 67 % rare earth oxides .
Sustainable operations Working closely with the environmental ministry in Burundi has enabled Rainbow to reduce any potential impact on the surrounding areas to its operations .
“ It ’ s open quarry digging , effectively . Other than tons of soil being relocated , we ’ re not doing anything else which may affect the environment ,” says Eales . “ We use no acids or explosives , which could pollute the environment .
“ It ’ s such a high grade that
“ We like to support the growth of the economy in Burundi and enable what is currently a small developing country gain access to the foreign currency that the mining sector can provide ”
CEO , Martin Eales
82 February 2018