Rainbow Rare Earths hosts US Congressional staff delegation

The visit follows the recent announcement by the DFC that it would be committing funding of US$50 million to TechMet for direct investment into Phalaborwa. This announcement was made on 3 December 2023 at COP28, the United Nation’s Climate Change Conference, demonstrating the global effort to responsibly scale production of the metals essential for clean energy technologies. The four rare earths that will be produced at Phalaborwa – neodymium, praseodymium, dysprosium and terbium - are all designated as critical minerals further to their important role in the transition to the green economy.

George Bennett, CEO of Rainbow, commented: “We were delighted to host a bipartisan delegation of US Congressional staffers to site over the Christmas holiday period, which further confirms the interest Phalaborwa is receiving from the highest levels in the US Government. Phalaborwa is rightly gaining traction as an important and strategic source of all four of the critical rare earths required for the green energy transition, as well as other next generation technologies, including those essential to defence and national security.”

The delegation welcomed at site comprised Joe Foltz, Staff Director, US House Foreign Affairs Committee, Subcommittee on Africa, Jimmy Walsh, a Senior Professional Staff Member, Brendan Ramsay, Staff Director, US House Foreign Affairs Committee Minority, Subcommittee on Global Health, Global Human Rights, and International Organizations, and David Freeman, First Secretary, Environment, Science, Technology, Health, and Minerals at the US Embassy Pretoria.

Read the article online at: https://www.globalminingreview.com/mining/22012024/rainbow-rare-earths-hosts-us-congressional-staff-delegation/