Ngualla Rare Earths Project
Sector: Mining • Location: Tanzania
Source: African Mining Market
The Ngualla rare earths project in Tanzania operated by Peak Rare Earths is expected to produce 37,200 metric tons of concentrate annually for more than 20 years. The project is currently under a bidding process with Peak Rare Earths rejecting a US$160 million bid from a U.S. asset manager in favor of a higher valued offer from China's Shenghe Resources.
- Status
- Prospective
- Sector
- Mining
- Location
- Tanzania
- Updated
- 22 Jul 2026
- Source
- African Mining Market
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Project Information
Participants
| Not available for this record. |
Status
Original status | under review |
Taiyo status | Prospective |
Taiyo last update | 2026-07-22 |
Contact
| Not available for this record. |
Description
Description | The Ngualla rare earths project in Tanzania operated by Peak Rare Earths is expected to produce 37,200 metric tons of concentrate annually for more than 20 years. The project is currently under a bidding process with Peak Rare Earths rejecting a US$160 million bid from a U.S. asset manager in favor of a higher valued offer from China's Shenghe Resources. |
Original sector | Mining |
Budget |
Location
Country | Tanzania |
Source
Source | African Mining Market |
URL |
More Details
Record type | Project |
Article published date | 2025-09-20 |
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