Scottish Power has become the first major UK energy firm to completely drop fossil fuels in favour of wind power, after selling off its remaining gas and hydro stations to Drax for £702m.
While customers will still get some electricity from non-green sources that the company has purchased from other operators, the firm indicated it would now be freed up to invest more in the UK renewable energy sources like sunlight, wind, rain, tides and waves.
Rainbow Rare Earths (LON:RBW) 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.