{"id":20793,"date":"2024-07-11T14:51:26","date_gmt":"2024-07-11T14:51:26","guid":{"rendered":"https:\/\/sotnews.agency\/?p=20793"},"modified":"2024-07-11T15:11:32","modified_gmt":"2024-07-11T15:11:32","slug":"pensana-chief-executive-officer-ceo-to-share-rare-earth-exploration-mining-ventures-at-critical-minerals-africa-cma-2024","status":"publish","type":"post","link":"https:\/\/sotnews.agency\/?p=20793","title":{"rendered":"Pensana Chief Executive Officer (CEO) to Share Rare Earth Exploration, Mining Ventures at Critical Minerals Africa (CMA) 2024"},"content":{"rendered":"
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Tim George, CEO of UK-based global mining firm Pensana, will speak at the upcoming Critical Minerals Africa (CMA) Summit in Cape Town \u2013 Africa\u2019s premier gathering for critical mineral stakeholders.<\/p>\n

As one of Africa\u2019s leading investors in the development of rare earth elements (REEs), Pensana\u2019s participation will be crucial in discussions on meeting rising demand for REEs, which are used in renewable energy and EV technologies, and establishing Africa\u2019s role in the global minerals supply chain.<\/p>\n

The Critical Minerals Africa 2024 summit on November 6 \u2013 7 serves to position Africa as the primary investment destination for critical minerals. The event is held alongside\u00a0the African Energy Week: Invest in African Energy 2024 conference (www.AECWeek.com<\/a>)<\/em>\u00a0on November 4 \u2013 8, offering delegates access to the full scope of energy, mining and finance leaders in Cape Town. Sponsors, exhibitors and delegates can learn more by contacting\u00a0<\/em>sales@energycapitalpow<\/em><\/a>er.<\/a><\/p>\n

Last March, Pensana secured an $80-million loan from Angola\u2019s sovereign wealth fund to implement a revised execution plan for its flagship Longonjo Rare Earth Project. With offtake agreements secured for 100% of Longonjo\u2019s production, the loan will enable Pensana to accelerate project development, targeting first production by 2026. As one of the world\u2019s largest and highest-grade magnet metal rare earth deposits, the project is set to position Angola as a strategic critical minerals supplier. George is expected to provide an update on the project, as well as highlight ongoing innovations aimed at improving the efficiency and sustainability of rare earth extraction and processing activities.<\/p>\n

https:\/\/apo-opa.co\/3W2nmXI<\/a><\/p>\n

Pensana also stands to benefit from the Longonjo project\u2019s proximity to the planned Lobito Corridor, which will facilitate the transport of mineral resources from Africa\u2019s Copperbelt region to international buyers. As Angola forges cooperation with global partners to advance the project \u2013 including the governments of Zambia and the Democratic Republic of the Congo, USAID, the European Commission and the African Development Bank \u2013 the summit will address the role of supportive government policies in building resilient transport and logistics infrastructure for continued growth of the sector.<\/p>\n

In addition to the Longonjo project, Pensana is advancing exploration and resource studies at the Coola Carbonatite and Sulima West REEs exploration projects in Angola, affirming its commitment to the sustainable growth of the country\u2019s mining industry. At CMA 2024, George will unpack the wide range of socioeconomic benefits that Pensana\u2019s projects will generate for Angola, including local job creation and broad infrastructure development.\u00a0<\/p>\n

Distributed by APO Group on behalf of Energy Capital&Power.<\/p>

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Tim George, CEO of UK-based global mining firm Pensana, will speak at the upcoming Critical Minerals Africa (CMA) Summit in Cape Town \u2013 Africa\u2019s premier gathering for critical mineral stakeholders.… <\/p>\n","protected":false},"author":1,"featured_media":20794,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"yes","rop_publish_now_accounts":{"facebook_2277560469115098_106292521332774":"","twitter_aToxNzczMzI3Njk4OTg4ODUxMjAxOw==_1773327698988851200":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[13],"tags":[],"class_list":["post-20793","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-world"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/sotnews.agency\/index.php?rest_route=\/wp\/v2\/posts\/20793","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/sotnews.agency\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/sotnews.agency\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/sotnews.agency\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/sotnews.agency\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=20793"}],"version-history":[{"count":1,"href":"https:\/\/sotnews.agency\/index.php?rest_route=\/wp\/v2\/posts\/20793\/revisions"}],"predecessor-version":[{"id":20824,"href":"https:\/\/sotnews.agency\/index.php?rest_route=\/wp\/v2\/posts\/20793\/revisions\/20824"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/sotnews.agency\/index.php?rest_route=\/wp\/v2\/media\/20794"}],"wp:attachment":[{"href":"https:\/\/sotnews.agency\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=20793"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/sotnews.agency\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=20793"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/sotnews.agency\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=20793"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}