Project 10: Rare Metal Industries
Sector: Mineral Beneficiation Projects
ZAR13 billion (USD980 million or €820 million)
Project Summary
The project is a strategic initiative for the establishment of an Integrated Metals Refining Plant producing pure Titanium(Ti), Zirconium (Zr), Hafnium (Hf) and PV grade Silicon (Si). The objective is to create the world’s largest ZrSiO3 and TiO2 integrated mineral sands beneficiation plant.
| Location | Saldana, Western Cape |
| Project Development Stage | Bankable Feasibility Study |
| NEF Investment to Date | ZAR13.5 million (USD1 million or €850 000) |
| NEF Equity | 30% |
| Project Promoter | Rare Metal Industries (Pty) Ltd |
| Projected Financial Close Requirement | ZAR13 billion (USD980 million or €820 million) |
| Jobs Created | 7 000 (2 800 direct) 27 |
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