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Rainbow Rare Earths on track to ramp up following first full quarter of production

Martin Eales, chief executive of Rainbow Rare Earths Ltd (LON:RBW), tells Proactive Investors they produced 279 tonnes of rare earths concentrate from the Gakara project in Burundi during the three months to 31 March.

The grade per tonne of concentrate produced rang in at a huge 62% total rare earth oxides, and the realised price per tonne of concentrate sold was US$2,357.

Quick facts: Rainbow Rare Earths Limited

Price: 2.85 GBX

LSE:RBW
Market: LSE
Market Cap: £10.84 m
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Rainbow Rare Earths looks to open second mining area in fourth quarter

Martin Eales, chief executive of Rainbow Rare Earths LTD (LON:RBW), tells Proactive Investors they sold 350 tonnes of concentrate in the three months to the end of June 2018 - up significantly from the 125 tonnes sold in the previous quarter - as the ramp-up to full production continues at...

on 24/7/18

2 min read