Business Chief Europe Magazine February 2018 | Page 84

RAINBOW RARE EARTHS LIMITED
Materials covers Rainbow ’ s ongoing distribution and marketing , and will see the business sell up to 10,000tpa of rare earth concentrate worldwide . All marketing and price negotiations will be undertaken by thyssenkrupp .
Community spirit “ We also 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 ,” says Eales .
Adopting a robust corporate social responsibility programme , Rainbow is developing an allocated fund dedicated to community developments and local programmes . Examples of community projects already supported by Rainbow include the supply of essential building materials to local people , as well as establishing a catering cooperative , which provides food for local workers .
Most importantly for both the company and Burundi , Rainbow guarantees that non-local hires
Rainbow exported its first shipment of rare earth concentrate on time and within budget at the end of last year
84 February 2018