SMM: it is reported that rainbow rare earth company (Rainbow Rare Earths) has purchased mining rights in northern Zimbabwe, the only rare earth mine in Africa-Burundi’s Gaikala (Gakara) rare earth mine has been unable to meet the company’s development goals.
These mining rights cover an area of 12.6 square kilometers and were originally targeted for chemical minerals and phosphorus. The United States Geological Survey (USGS) believes that one of the mining sites, known as Kapfrugwa (also known as Gungwa), may contain cerium and lanthanum.
Yuhong will take a full stake in the project and plans to begin exploration work soon, including geological mapping, sampling and analysis. The goal is to understand the metallogenic potential of rare earths, including scale, grade and ore characteristics.
Zimbabwe has the second largest reserves of platinum group metals and chromium in the world, and is also rich in gold, battery metals and coal.
Yuhong’s Gaikala rare earth mine, which was put into production in the second half of 2017, is located 20 kilometers south of Bujumbura, the capital of Burundi, and is of high grade and mainly contains rare earth elements such as lanthanum, cerium and neodymium.
The commissioning of the Gaikala rare earth mine has made rare earths the largest export commodity in Burundi, replacing tea and coffee.
Rare earths are not rare, and the U. S. Geological Survey estimates that rare earths are as rich as copper. However, the oxidation of rare earth ores is fast, the extraction of rare earth is very difficult, and the pollution is serious.