Arafura Rare Earths will conduct a pre-feasibility study (PFS) of a potential Phase 2 expansion of rare earths processing capacity at its giant Nolans project in the Northern Territory. The decision to embark on the $15 million study follows an in-house preliminary study which looked at the potential of the rare earths deposit to support…
Arafura Rare Earths has secured conditional approval for up to US$115 million in loan guarantees from a German inter-ministerial committee – the final approval required to complete the senior debt structure for its giant Nolans rare earths project. Earlier this week the Export-Import Bank of Korea (KEXIM) gave its conditional approval, with the latest approval…
Arafura Rare Earths has received conditional approval for debt financing of up to US$150 million from The Export-Import Bank of Korea (KEXIM), bringing the financing of the giant Nolans Project closer to closure. The financing comprises a direct loan facility of up to US$75.1million and a loan guarantee up to US$74.9 million, with the company…
Arafura Rare Earths has secured conditional approval for up to US$300 million in debt finance from Export Development Canada (EDC) backing its Nolans rare earths project near Alice Springs in the Northern Territory. This builds on the Australian government’s conditional debt finance of US$533 million and should speed the closure of financing on a project…
Arafura Rare Earths pushed ahead with engineering work and construction of its giant Nolans rare earths project in the Northern Territory in the latest quarter despite a softening market for the critical metals. The neodymium and praseodymium (NdPr) price declined 17 percent during the quarter from US$76 per kg to $63 due to demand weakness…
Arafura Rare Earths Limited has take a further step in lining up financial backers for its ambitious Nolans rare earths project, 135 kilometres from Alice Springs in the Northern Territory with news of critical debt funding backing. As reported in @AuManufacturing, Arafura is advancing enabling works and equipment procurement including sulphanation bake and cooler units,…
The new kid on the rare earths block Arafura Rare Earths is underway with early works construction at its Nolans rare earths project, 135 kilometres from Alice Springs in the Northern Territory. According to a recent update, Arafura is advancing enabling works and equipment procurement including sulphanation bake and cooler units, funded by its successful…
The first of the navy’s Arafura class offshore patrol vessels (OPV), NUSHIP Arafura, was launched today at the Osborne Naval Shipyard in Adelaide. The vessel is the first in a fleet of 12 OPVs being built to replace the Armidale and Cape class patrol boats. The first two OPVs are being constructed by Luerssen Australia…
Latrobe Magnesium, which is commercialising a method of extracting magnesium and other useful material from brown coal fly ash, is one of seven Australian companies receiving Letters of Interest (LOIs) totalling over $US 2.2 billion (approximately $3.4 billion) from lender the U.S Export Import Bank (EXIM.) According to a statement from Latrobe Magnesium, EXIM’s financing…
By Amir Razmjou, Edith Cowan University Critical minerals are having a moment. Prime Minister Anthony Albanese is at the White House to talk up Australia’s rich deposits with President Donald Trump. China, which has a global stranglehold on rare earth elements, recently imposed new export restrictions, much to Trump’s annoyance. It’s clear there’s an era…