Monte Muambe rare earths project, Mozambique
Name of the Project
Monte Muambe rare earths project.
Location
North-western Mozambique.
Project Owner/s
Altona Rare Earths.
Project Description
A scoping study has proposed the openpit mining of Target 1 and Target 4 at the Monte Muambe project over a life-of-mine of 18 years.
An estimated 750 000 t/y of ore is planned to be extracted and processed through a beneficiation plant to produce a rare-earth concentrate.
The beneficiation process will include crushing, milling and flotation.
The concentrate will be processed through a hydrometallurgical plant to produce an average of 15 000 t/y of mixed rare-earth carbonate.
The hydrometallurgical process will involve a weak acid gangue leach, followed by rare earths leaching and purification.
The mixed rare-earth concentrate product will be packaged and transported by existing road infrastructure to the Port of Beira, in Mozambique, for export.
Potential Job Creation
Not stated.
Net Present Value/Internal Rate of Return
The project has an after-tax net present value, at an 8% discount rate, of $283.3-million and an internal rate of return of 25%, with a payback of 2.5 years.
Capital Expenditure
Initial capital expenditure is estimated at $276.3-million.
Planned Start/End Date
Not stated.
Latest Developments
None stated.
Key Contracts, Suppliers and Consultants
None stated.
Contact Details for Project Information
Altona Rare Earths business development, Christian Taylor-Wilkinson, tel +44 7795 168 157 or email ctw@altonaRE.com.
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