Ampasindava mine

The Ampasindava mine is the site for a possible rare earths mine in Madagascar.[1] The concession is located in the municipality of Mangaoka, Diana Region in northern Madagascar on the eastern side of the Ampasindava Peninsula.[1] The deposit has reserves amounting to 130 million tonnes of ore grading 0.08% RE.[1] The mine is owned by Tantalus Rare Earths Malagasy Sarl. In 2019, ISR Capital signed a memorandum of understanding with the China Nonferrous Metal Mining Group to develop the mine.[2][3] Conservation groups have opposed development of the mine, pointing to possible damage the mine could have on wildlife, such as Mittermeier's sportive lemur which is native to the peninsula.[4][5] As of September 2020, Reeenova applied for a full license to begin mining the deposit.[6]

Ampasindava mine
Location
Ampasindava mine is located in Madagascar
Ampasindava mine
Ampasindava mine
LocationMangaoka
RegionDiana Region
CountryMadagascar
CoordinatesCoordinates: 13°43′00″S 48°07′00″E / 13.71667°S 48.11667°E / -13.71667; 48.11667
Production
ProductsRare earths
Owner
CompanyTantalum Rare Earth Madagascar Sarl.

The first exploration licenses for the mine was held by Calibra Resources and Engineers in 2003, sold to Zebu Metals in 2008, and then to Tantalus Rare Earths in 2009.[7] In 2012, Tantalus agreed to supply the rare-earth products of the mine to the company Rhodia.[8] Tantalus went bankrupt in 2015.[9][10] In June 2016, 60% ownership of Tantalus was held by the Singapore-based REO Magnetic Pte. Ltd., and 40% by the Germany-based Tantalus Rare Earths AG. In June and July 2016, the REO sold its stake in the mine to the Singapore-based ISR Capital Ltd.[11][12][13] In 2019, ISR was renamed Reenova Investment Holding.[14] Rennova sold its 75% interest in the project in 2021 for $4.5 million USD to the GRM Group.[15]

ReferencesEdit

  1. ^ a b c "Ampasindava mine" (PDF). tre-ag.com. 2012. Retrieved 2013-07-28.
  2. ^ Shihua, Tang; Yushuo, Zhang; Yan, Le (2019-06-25). "China Nonferrous Metal, ISR Capital Ally to Mine Rare Earths in Madagascar". Yicai Global. Retrieved 2021-09-07.
  3. ^ "China's CNMC agrees to work on Madagascar rare earth project". Reuters (in Kinyarwanda). 2019-06-24. Retrieved 2021-09-08.
  4. ^ Edward Carver (2017-08-08). "Troubled firm aims to mine Madagascar forest for rare earth elements". Mongabay Environmental News. Retrieved 2021-09-07.
  5. ^ Edward Carver (2017-11-22). "Another blow to troubled Madagascar rare earth mine". Mongabay Environmental News. Retrieved 2021-09-09.
  6. ^ Redaction, La (2020-09-23). "Terres rares d'Ampasindava: Reenova veut passer au stade d'exploitation". Malagasy News (in French). Retrieved 2021-09-07.
  7. ^ "NI 43-101 Technical Report Resources for the Tantalus Rare Earth Ionic Clay Project Northern Madagascar" (PDF). tre-ag.com. 2015-01-06. Archived from the original (PDF) on 2015-01-06. Retrieved 2021-09-09.
  8. ^ "Rhodia deal boost for Madagascar rare earths project". International Mining. 2012-04-24. Retrieved 2021-09-09.
  9. ^ "Hallgarten Company Sector Review Rare Earths – Ion-adsorption Clays" (PDF). 2021-04-13. Retrieved 2021-09-08.
  10. ^ Agency, Ecofin. "Madagascar: Tantalus still looking for financing for Antsiranana rare earths". Ecofin Agency. Retrieved 2021-09-09.
  11. ^ Reenova Group. "PRESS ANNOUNCEMENT: ISR Capital to Acquire REO Magnetic's Entire Stake in Tantalum Holding (Mauritius) Ltd" (PDF). Retrieved 2021-09-08.
  12. ^ PC Lee (2019-06-24). "ISR signs MOU with Shenzhen-listed company to start talks on joint development of Tantalum mine". The Edge Singapore. Retrieved 2021-09-07.
  13. ^ "Tantalus Rare Earths appoints new CEO". Proactiveinvestors UK. 2010-03-25. Retrieved 2021-09-08.
  14. ^ "ISR Capital changes name to Reenova Investment Holding". 2019-07-02. Retrieved 2021-09-07.
  15. ^ The Edge Singapore (2021-11-10). "Reenova to exit tantalum venture, to offload concession for US$6 mil". Yahoo Finance. Retrieved 2022-07-16.