UK-based company Pensana Rare Earths is looking to establish a facility in the UK to process rare earths from its Longonjo mine in Angola with a view to creating the world’s first fully sustainable mine to magnet supply chain for the burgeoning Electric Vehicle (EV) and offshore wind industries.

Pensana Rare Earths’ Longonjo project in Angola. Image credit: Pensana

Pensana Rare Earths’ Longonjo project in Angola. Image credit: Pensana

Three sites are currently being evaluated at Merseyside, Humber and the Tees Valley. Preliminary investigations indicate that each of these sites has skilled labour, reagents and power available at internationally competitive rates.

The study, which is expected to take about three months, has received widespread interest and will focus on sustainable development when considering the preferred process route, location, capital and operating costs, financing arrangements and available government incentives.

There is strong government support for investments in the green economy with the strategy to build back better, build back greener and to build back faster.