# INTERVIEW: Rainbow Rare Earths Ltd Strong Demand for Gakara Concentrate

- Link: https://www.directorstalkinterviews.com/interview-rainbow-rare-earths-ltd-strong-demand-gakara-concentrate/412755339
- Published: 2018-07-25T07:24:22+01:00
- Author: Charlotte Edwards

**Rainbow Rare Earths Ltd** (LON:RBW) CEO Martin Eales talks to DirectorsTalk about
its operations update for the 3 months to 30th June 2018. Martin talks us through
the highlights, explains how sales are going, why another mining area is opening
up and updates us on drilling.

Rainbow Rare Earths Ltd focus is the Gakara Project in Burundi, one of the highest-
grade (47%-67% Total Rare Earth Oxide) rare earths projects globally and the only
African producer.

The Company began production of rare earth concentrates in Q4 2017 and is currently
ramping up to a targeted run rate of 5,000tpa by the end of 2018 and 6,000tpa by
the end of 2019. Rainbow has a ten-year distribution and offtake agreement with 
multinational thyssenkrupp Materials Trading secured for the sale of at least 5,000tpa
of concentrate produced.

The Gakara basket is weighted heavily towards the magnet rare earths, including 
neodymium and praseodymium, which are driving demand and account for 70% of annual
global REE sales due to their use in vital components in motors, generators, wind
turbines, and electric vehicles.

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