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Reenova applies for full mining licence for Madagascar rare earth project

The Edge Singapore
The Edge Singapore9/21/2020 11:19 AM GMT+08  • 2 min read
Reenova applies for full mining licence for Madagascar rare earth project
The company has appointed UOB Kay Hian to help raise $2.84 million to fund the production
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Reenova Investment Holding has made a formal application for a full mining licence for a rare earth concession in Madagascar in which it owns 75%.

The company, for years, has been trying to advance from the exploratory stage for this project, which covers an area of 238 sq km some 500km north of Madagascar’s capital, Antananarivo

“We are committed to bring this rare earth project beyond the initial exploration phase to realise its potential and unlock value,” says Reenova’s executive chairman Chen Tong.

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