Australian company finds rare earth deposits in Mozambique

21 February 2012

Perth, Australia, 21 Feb – Australian company Kimberley Rare Earths (KRE) has found rare earth deposits, “with high industrial potential,” in the Malilongue region, near Mozambique’s border with Zambia in Tete province, the company said Friday.

Malilongue is located in Zumbo district, some 300 kilometres west of the city of Tete, which has so far never been systematically mined.

In a statement published on its website, KRE said that prospecting carried out with its partner Great Western Mining, based on flights carried out in 2008, proved the potential existence of rare earths in the area.

Rare earths or metals are a group of 17 metals described as light or heavy based on their position in the periodic table of elements and have high technology applications, for example, aerospace components, lasers, superconductors and magnets. (macauhub)