Business
Company Update Presentation, Indaba, Cape Town
Company Update Presentation, Indaba, Cape Town.
About this update from Pensana Plc
[{"type":"text","content":"\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n 9 May 2022\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Pensana Plc\n \n \n \n (\n \"Pensana\" \n or the \n \"Company\"\n )\n \n \n \n \n \n Company Update Presentation, Indaba, Cape Town , May 2022\n \n \n \n \n \n Pensana is pleased to advise that Chairman, Paul Atherley, will be presenting a company update during the Investing in African Mining Indaba, to be held in Cape Town from 9 to 12 May 2022. The presentation slides have been published on the Company's website www.pensana.co.uk .\n \n \n \n \n \n \n ENDS\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n For further information, please contact:\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Shareholder/analyst enquiries:\n \n \n \n \n Pensana Plc \n \n \n \n Paul Atherley, Chairman [email protected] \n \n \n Tim George, Chief Executive Officer\n \n \n Rob Kaplan, Chief Financial Officer\n \n \n Virginia Skroski, Head of Investor Relations & Communications\n \n \n \n \n \n \n \n \n Media enquiries:\n \n \n \n \n Finsbury Glover Hering:\n \n \n \n Gordon Simpson / Richard Crowley [email protected]\n \n \n \n \n \n \n \n \n \n \n \n \n \n About Pensana plc\n \n \n \n The electrification of motive power is the most important part of the energy transition and one of the biggest energy transitions in history. Magnet metals are central to the transition and critical to high value manufacturing applications such as electric vehicles and offshore wind turbines.\n \n \n Pensana plans to establish Saltend as an independent, sustainable supplier of the key magnet metal oxides to a market which is currently dominated by China. The US$194 million Saltend facility is being designed to produce circa 12,500 tonnes per annum of rare earth oxides, of which 4,500 tonnes will be neodymium and praseodymium (NdPr), representing circa 5% of the world market in 2025.\n \n \n The Saltend facility is located within the world class Saltend Chemicals Park, a cluster of leading chemicals and renewable ener...