Vision

/Vision
Vision 2018-03-02T05:30:57+00:00

Steenkampskraal’s vision is to be one of the lowest-cost and most profitable producers of rare earths in the world, based on the following advantages:

  • Most of the capital expenditure to bring the mine into production has already been incurred and the additional investment still required is small.

  • Steenkampskraal’s high rare earth grades mean that the mining volumes will be small: to produce 2,700 tons of rare earths per year, the production of ore from the mine will be only about 35,000 tons per year.

  • At this rate of production, Steenkampskraal will have a mine life of over thirty years.

  • Steenkampskraal has great prospecting potential to increase the size of its mineral resource in the Mining Right area and to increase its volume of production or its life-of-mine.

  • The Steenkampskraal ore is amenable to conventional metallurgical processing technologies.

  •  Steenkampskraal will be able to produce a high-purity monazite concentrate.

  • Steenkampskraal’s monazite concentrate will be suitable for the caustic crack process and for the production of good quality rare earth carbonate.

  • Many rare earth separation factories want to buy Steenkampskraal’s rare earth carbonate production.

  • Steenkampskraal could build a rare earth separation factory in South Africa and add more value to its rare earth products.

  • Rare earth prices are on an upward trend partly due to the increased production and sales of electric vehicles.

  •  Steenkampskraal has the approval of the National Nuclear Regulator (NNR) to store the thorium by-product at the mine.

  • Steenkampskraal has the approval of the NNR to buy monazite from other companies and to process this monazite at the mine; as there are large quantities of monazite in Africa and in other parts of the world, Steenkampskraal could increase its production substantially or extend its life-of-mine indefinitely.