PROJECTS AND EXPLORATION •
DIAMCOR INCREASES CARAT VALUES
• Location : South Africa
• Phase : Production
• Resource : Diamonds
MKANGO APPOINTS US STRATEGY ADVISOR
• Location : Malawi
• Phase : Development
• Resource : Rare Earth Elements
AIM-listed Mkango Resources , has appointed Jones Group International as its United States strategy advisor . Mkango owns the Songwe Hill Rare Earths project in Malawi .
Jones Group International , a Washington , US based advisory firm led by retired General James Jones , former National Security Advisor to President Barack Obama , will assist Mkango , advising on US critical materials security , energy security , market access and trade promotion .
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TSX-listed Diamcor Mining recently announced its results from the tender and sale of rough diamonds recovered from the processing of quarry material at the company ’ s Krone Endora at Venetia Project in the Limpopo province of South Africa .
The results reconfirmed the potential for increased average dollar per carat values from the operational and processing refinements made by the company , and from the recovery of larger gem quality rough diamonds in the special category (+ 10.8 carats ). In Diamcor ’ s first offering of its new fiscal year starting April 1 , 2021 , the company tendered and sold 2 122.76 carats .
“ We are pleased with these excellent results , which are further confirmation of our ability to achieve strong dollar per carat and gross revenue numbers while continuing to operate on lower volumes due to the global pandemic ,” says Dean Taylor , the CEO at Diamcor . “ Despite continuing to operate on a reduced basis to stringently manage costs , our ongoing planning and preparations to increase processing volumes remains a key focus ,” Taylor adds .
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According to Alexander Lemon , president of Mkango , the Biden administration has an ambitious agenda for a clean energy revolution which will begin with the recently announced USD2- trillion Infrastructure bill aimed at clean energy initiatives and is expected to result in increased US stockpiling of rare earths . The United States intends to achieve a carbon free power sector by 2035 and a net zero economy by 2050 .
“ Reaching these goals will require significant quantities of rare earths . Mkango ’ s Songwe Hill Rare Earths project in Malawi , plans for a separation plant and interest in UK rare earth magnet recycler , HyProMag , means it is well placed to play a strategic role in supplying the US critical minerals supply chain as well as other key markets .
“ We are , therefore , delighted to appoint Jones Group International as our United States strategy advisor , significantly enhancing Mkango ’ s positioning in the US market . This appointment further underpins our integrated ‘ Mine Refine Recycle ’ strategy and we very much look forward to working with Jones Group International ,” says Lemon .
General Jones says that Rare Earths are the source of elements and metals essential to the advanced technologies of today and tomorrow , including those that will drive forward clean energy and enhance the prospects of significantly reduced carbon emissions that are so damaging to our environment .
“ Mkango ’ s Songwe Hill Rare Earths project in Malawi plans for a rare-earths separation plant and related projects portend to expand and reinforce the supply chain of critical elements essential to the economic and national security wellbeing of the transatlantic community . JGI is eager to bring a US dimension to this strategic undertaking ,” he adds . •
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