Namibia rare earths drew up to US$33.9 million from Japan's Jogmec on 30 July, funding a Toyota Tsusho venture at Lofdal in the Kunene region.
NAMIBIA · CRITICAL MINERALS
Key Facts
—The cheque: Japan’s state metals agency, Jogmec, will put up to C$47.7 million, about US$33.9 million, into a Toyota Tsusho vehicle developing heavy rare earths in Namibia.
—The vehicle: Toyota Tsusho has set up a special-purpose company, TJ Namibia Rare Earths, to run the project.
—The deposit: Lofdal, in Namibia’s Kunene region, holds heavy rare earths including dysprosium and terbium.
Japan backs $34 million Namibia rare earth project as race for Africa’s critical minerals intensifies
Japan Plans Large-Scale Deep-Sea Rare-Earth Mining Trial Next Year
Namibia blocks Ghanaian entrepreneur Jory Adu-Boahene's N$4 billion oil and gas supply base over funding and experience concerns
Nigeria has reviewed a $400 million rare earth processing plant under construction in Nasarawa State, a project that could boost…
