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Rainbow Rare Earths Plc

Rainbow Rare Earths’ Gakara mine a star attraction in Burundi

LSE-listed rare earths element miner Rainbow Rare Earths is now one of only a handful of rare earth mine producers outside China.

It has successfully transformed from a development project into Africa’s only producing rare earths mine, CEO Martin Eales tells Sascha Solomons.

One of the world’s richest rare earth deposits, Gakara, is located in Burundi, roughly 20 km south-southeast of Bujumbura and covers a combined area of about 39 km².

Rainbow Rare Earths Ltd (LON:RBW) is a mining company focussed on production from, and expansion of, the high grade Gakara Rare Earth Project in Burundi, East Africa. With in-situ grades in the range of 47-67% Total Rare Earth Oxide (TREO), Gakara is one of the world’s richest rare earth deposits.

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Disclaimer: Statements in this article should not be considered investment advice, which is best sought directly from a qualified professional.