Peak cuts Ngualla prices

March 16, 2016

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A detailed project update into the Ngualla rare earths project, in Tanzania, has delivered a capital cost reduction of 10% and operating cost reductions of some 18%, owner Peak Resources reported.

A 2014 prefeasibility study (PFS) estimated that the project would require a capital investment of $367-million to produce 10 000 t/y of rare earths over a mine life of around 50-years.

Category: General