Great Western looks South for rare earths

摘要

As China continually tightens the reins on rare earth exports, Great Western Minerals Group (GWG-V, GWMGF-O) is trying to secure its own supply by signing an option agreement with a South African company to refurbish, recom-mission and operate an abandoned mine. The Steenkampskraal underground mine in Western Cape could produce enough rare earths to fully supply Great Western's U.K.-based subsidiary, Less Common Metals, a downstream processor of rare earth products used in the permanent magnet industry.