St George Mining partners in proposed Brazilian rare earths processing hub
St George Mining Ltd (ASX:SGQ) has partnered with the State of Minas Gerais and Lima & Pergher to assess a potential rare earths processing center that could become part of Brazil's mine-to-magnet supply chain. The initiative, announced at EXPOSIBRAM in Belo Horizonte, aims to process material from projects across the state, including St George’s Araxá Rare Earths-Niobium Project. The proposed Minas Gerais Rare Earths Processing Centre would handle feedstocks such as rare earth concentrates and oxalates. It could supply downstream users like MagBras, which is developing Brazil's first magnet-making facility. Lima & Pergher’s START division will host the center at its Uberlândia industrial complex. St George recently upgraded Araxá’s resource to 111.2 million tonnes with high-grade rare earth oxides and niobium pentoxide, making it one of South America's largest undeveloped hard-rock resources.
Topics: Mining Rare Earths Processing Supply Chain Development