St George Mining enters into international partnership to extract rare earth elements in Minas Gerais.

This Tuesday (31), the Australian mining company St George Mining, responsible for Araxá Project in Minas Gerais, announced a new international partnership for To advance rare earth processing in Brazil.The agreement provides for testing on samples of critical minerals. Araxá (MG)The company signed a memorandum of understanding with the Spanish company. Combined Techniques, who leads the European project PERMANENTThe initiative, funded by European Union (EU), seeks to create the first production chain in the European continent for the production of permanent magnets.

The agreement aims to define new industrial routes for rare earth elements.from intermediate materials to higher value-added compounds, focusing on the production chain of high-performance permanent magnets. The Australian mining company is also evaluating which stages of the production chain can be carried out in Brazil before sales abroad. Currently, the St George Mining It is also making progress in negotiations with… American Realloys…for a possible offtake contract, an agreement for the future purchase of production, which could involve up to 40% of the rare earth resources from the project. In Brazil, in addition to the operations of the Araxá Project, the Australian company is also negotiating with… MagBras initiative, a national project focused on developing an industrial chain for permanent magnets, led by SENAI and supported by [organization name], conducted within the framework of [organization name]. SENAIwith support from National Bank for Economic and Social Development (BNDES).

This text was translated by machine from Brazilian Portuguese.