Arafura Resources Ltd Value Stock - Dividend - Research Selection
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Description of the company
Arafura Resources Limited is an Australian mining company focused on rare earth elements, most notably neodymium and praseodymium. The company is headquartered in Perth, Western Australia and is listed on the Australian Stock Exchange. The company operates the Noelans Project on Nolans Bore in the Northern Territory.
Initially, plans were made to build the extensive processing plant at False Bay near Whyalla, South Australia, but this plan was abandoned in April 2013 to process the ore at the mine site. The company committed itself to implementing ISO 14001 there. The planning for the construction of the processing plant was submitted for the federal environmental permit and approved after two years of testing. Since the mine is operated over several generations, regular checks are essential. Circulations were made because of the intermediate storage of low-level radioactive material and the required amount of water. After the planned development, Nolans' Rare Earth project will also produce uranium and phosphate as secondary products.
The investment is estimated at 900 million Australian dollars (586 million euros); up to 300 employees are scheduled for production. After the exploitation of the mine in 35 to 55 years, decommissioning and renaturation are planned