Sydney, March 3 (Argus) - Australian rare earth developer Lindian Resources announced today that it has partnered with the Kazakh company RA-Group to acquire the Sareco mixed rare earth plant in Kazakhstan to process the monazite concentrate from the Kangankunde mine in Malawi.
The rare earth mine and the newly acquired plant will be fully operational from September to December this year. The company added that it will process 12,500 tons per year of monazite concentrate from the Kangankunde mine at the Sareco plant.
The company stated that it will sell the concentrate on a commercial basis to its joint venture Sareco.
The company began construction work at the Kangankunde mine in April 2025. In December 2025, it said it planned to initially produce 20,000 tons per year of concentrate at the plant. This is an increase from the initial planned capacity of 15,323 tons per year.
In August last year, Lindian agreed to transport 6,000 tons of Kangankunde concentrate annually to the Eneabba refinery planned by Australian producer Iluka Resources for a period of 15 years. As part of the deal, Iluka provided a $20 million loan to the mine.
Lindian also agreed to sell 45,000 tons of monazite to the US trading company Gerald Metals in September 2023.
