Richest country on the continent invests $20M in rare earths project
South Africa’s state-owned Industrial Development Corporation is backing Frontier Rare Earths’ Zandkopsdrift project in the Northern Cape, funding a feasibility study for a mine expected to produce rare earths and battery-grade manganese by 2030. The EU, seeking alternatives to Chinese supply, has designated the project a strategic asset, while Frontier explores EU funding partnerships and innovative extraction technology.