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Lindian Resources is taking full control of its Malawi rare earths project to cut costs and target first production by February 2026.
Lindian Resources is taking full control of its Kangankunde rare earths project in Malawi, switching from contract mining to an owner-operator model to cut costs and boost efficiency.
The move aims to reduce operating expenses by 30%, from $12 to $8.40 per tonne, while hiring and training a local workforce to enhance community benefits.
With a high-grade, non-radioactive deposit and key hires in place, the company targets first production by February 2026.
The project is positioned to support global demand for critical minerals used in electric vehicles, wind turbines, and defense technologies.
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Lindian Resources está tomando el control completo de su proyecto de tierras raras de Malawi para reducir costos y apuntar a la primera producción para febrero de 2026.