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Rainbow Rare Earths Limited

Rainbow Rare Earths looking at break-even and beyond from second half 2019

Martin Eales, chief executive of Rainbow Rare Earths Ltd (LON:RBW), tells Proactive London's Andrew Scott they've got a plan in place to take the miner's financial performance to break-even and beyond.

Eales says a lot's been learned about their mining operation from the first full year of production and it now makes sense to further de-risk the  project and improve production by adding additional mining areas.

Quick facts: Rainbow Rare Earths Limited

Price: £0.03

Market: LSE
Market Cap: £10.88 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