Ampasindava mine
| Location | |
|---|---|
  Ampasindava mine | |
| Location | Mangaoka |
| Region | Diana Region |
| Country | Madagascar |
| Coordinates | 13°43′00″S 48°07′00″E / 13.71667°S 48.11667°E |
| Production | |
| Products | Rare earths |
| Owner | |
| Company | Tantalum Rare Earth Madagascar Sarl. |
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]
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]
References
[edit]- ^ a b c "Ampasindava mine" (PDF). tre-ag.com. 2012. Retrieved 2013-07-28.
- ^ 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.
- ^ "China's CNMC agrees to work on Madagascar rare earth project". Reuters (in Kinyarwanda). 2019-06-24. Retrieved 2021-09-08.
- ^ Edward Carver (2017-08-08). "Troubled firm aims to mine Madagascar forest for rare earth elements". Mongabay Environmental News. Retrieved 2021-09-07.
- ^ Edward Carver (2017-11-22). "Another blow to troubled Madagascar rare earth mine". Mongabay Environmental News. Retrieved 2021-09-09.
- ^ Redaction, La (2020-09-23). "Terres rares d'Ampasindava: Reenova veut passer au stade d'exploitation". Malagasy News (in French). Retrieved 2021-09-07.
- ^ "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.
- ^ "Rhodia deal boost for Madagascar rare earths project". International Mining. 2012-04-24. Retrieved 2021-09-09.
- ^ "Hallgarten Company Sector Review Rare Earths – Ion-adsorption Clays" (PDF). 2021-04-13. Retrieved 2021-09-08.
- ^ Agency, Ecofin. "Madagascar: Tantalus still looking for financing for Antsiranana rare earths". Ecofin Agency. Retrieved 2021-09-09.
- ^ Reenova Group. "PRESS ANNOUNCEMENT: ISR Capital to Acquire REO Magnetic's Entire Stake in Tantalum Holding (Mauritius) Ltd" (PDF). Retrieved 2021-09-08.
- ^ 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.
- ^ "Tantalus Rare Earths appoints new CEO". Proactiveinvestors UK. 2010-03-25. Retrieved 2021-09-08.
- ^ "ISR Capital changes name to Reenova Investment Holding". 2019-07-02. Retrieved 2021-09-07.
- ^ The Edge Singapore (2021-11-10). "Reenova to exit tantalum venture, to offload concession for US$6 mil". Yahoo Finance. Retrieved 2022-07-16.