Lindian Resources partners with Carester to build REO separation facility in Kazakhstan
Lindian Resources has partnered with Carester to develop an 8,000 tonnes per annum rare earth oxide (REO) separation plant in Stepnogorsk, Kazakhstan. The project includes a binding long-term offtake agreement for heavy rare earth products and is supported by technology from Tetra Tech Coffey. A definitive feasibility study is expected to be completed by the end of 2026. The facility will produce separated REOs such as neodymium and praseodymium, with output primarily sent to Carester's Caremag Refinery in France—a joint venture involving JOGMEC and Iwatani. The project aims to establish a mine-to-oxide processing chain for Lindian’s Kangankunde monazite concentrate project. Lindian will fund the plant using existing liquidity of $89.9 million (A$125m), with potential expansion opportunities due to access to local infrastructure and additional feed sources in Kazakhstan.
Topics: Infrastructure International Collaboration Mining Rare Earths