Giving back to the community
PEAK RESOURCES LIMITED
Townsend . “ There are times when
rare earth prices are quite low , which makes raising equity a little bit more challenging . However , we ’ re really lucky in having Appian and IFC as partners to help us with that funding .”
Giving back to the community
Throughout the 30-year project , the Ngualla Project in Tanzania will directly employ an estimated 209 people , predominantly from the local area , and the company will also undertake a significant amount of community projects , as well be an enabler of sustainable development activity that will provide economic and employment opportunities beyond the mining project . Over the next 30 years , the company will no doubt have a major role in making a positive long-term contribution to the local community . Additionally , Peak Resources aim to become a clean , ethical , sustainable
source of rare earths to global industry . All processes will operate at top tier environmental standards , which will match well and feed into the supply chains of the products low carbon technological applications .
“ The project involves quite small scale , open cut mining ,” adds Townsend . “ With less than a two to one waste to ore strip ratio , it has quite a small mining footprint .” The processing will also be completed without the use of chemicals such as cyanide , and the naturally very low level of radionuclides in the deposit avoids any issues some projects have with their high contents of uranium or thorium . Peak Resources ’ long-term investment in the local community and its strong environmental focus will support future business growth whilst bringing benefits to the local communities and enable the company to expand their operations and go from strength to strength . 34 July 2017