Close Menu
    • ABOUT
    • BOOK STORE
    • ENTREPRENEURSHIP
    • ESG
    • EVENTS & AWARDS
    • POLITICS
    • GADGETS
    • CONTACT
    Facebook X (Twitter) Instagram
    Facebook X (Twitter) Instagram
    Business Explainer
    Subscribe
    • TRENDING
    • EXECUTIVES
    • COMPANIES
    • STARTUPS
    • GLOBAL
    • AGRICULTURE
    • DEALS
    • ECONOMY
    • MOTORING
    • TECHNOLOGY
    Business Explainer
    Home » Major Rare Earth Milestone Puts South Africa Ahead
    ECONOMY

    Major Rare Earth Milestone Puts South Africa Ahead

    June 24, 20264 Mins Read
    Share Facebook Twitter Pinterest Copy Link LinkedIn Tumblr Email Telegram WhatsApp
    Follow Us
    Google News
    FROM LEFT: Dr Molefi Motuku, CEO of Mintek; Dr Enock Mathebula, Executive Chairman Steenkampskraal Monazite Mine (SMM); and Loyiso Tyabashe, Group CEO of the South African Nuclear Energy Corporation (Necsa)
    Share
    Facebook Twitter LinkedIn Email Copy Link

    Steenkampskraal Monazite Mine (SMM) and Mintek, South Africa’s national mineral research organisation, today announced a landmark achievement in the country’s critical minerals sector: the successful production of high-purity Mixed Rare Earth products at Mintek’s laboratory facilities as critical feedstock to the global megatrends in energy transition, digital transition and medical applications.

    This forms the foundation of the commercial production of rare earth products in South Africa before the end of 2026 with longer-term expansion to include rare earth elements and thorium beneficiation as well as medical isotope production, SMM said.

    “Our partnership, supported by key South African organisations, such as the Industrial Development Corporation (IDC) and Mintek, is key to ensuring the safe, compliant and commercially successful execution of this strategic project,” said Dr Enock Mathebula, Executive Chairman and shareholder of Steenkampskraal Monazite Mine.

    “This is not only a victory for Steenkampskraal and Mintek, but a victory for South Africa. It demonstrates the country’s ability to develop world-class technologies, create local beneficiation opportunities and participate meaningfully in global critical mineral supply chains.”

    Dr Molefi Motuku, CEO of Mintek, added, “This milestone is a powerful demonstration of what South Africa can achieve when our research institutions and industry-partners unite around a shared vision of value addition and local beneficiation.

    “Mintek’s expertise, combined with Steenkampskraal’s world-class resource, has proven that South Africa possesses not only the minerals but also the scientific capability to compete globally in critical minerals processing. We are proud to partner with Steenkampskraal in building a competitive, value-adding minerals economy for our country.”

    “The milestone, achieved through a long-standing collaboration between the two organisations, positions South Africa as the first African country to successfully produce rare earth products through a partnership between a mining company and a national research institution,” said Dr Mathebula.

    “This achievement represents a significant technological breakthrough and demonstrates what can be accomplished when South African institutions and industry work together toward a common vision.” 

    Loyiso Tyabashe the Group CEO of the South African Nuclear Energy Corporation (Necsa) said, “The partnership between Steenkampskraal and Mintek is a game changer in the area of rare earth minerals as this development serves as the foundation for longer-term beneficiation plans. 

    “Necsa is ready to collaborate on the back of its expertise to capture and develop the opportunity presented in the high-end value chain of rare earth and thorium products as part of our mandate in nuclear technology development for general industry and medical applications. This will further unlock the value chain potential as South Africa advances its beneficiation capabilities.”

    The Steenkampskraal mine was formally brought out of care and maintenance in 2024, with approvals secured from both the National Nuclear Regulator (NNR) and the Department of Mineral and Petroleum Resources (DMPR). Full funding for the phase 1 metallurgical processing plant has been secured through the Industrial Development Corporation (IDC), and construction of the plant is currently underway, with commissioning scheduled for Augus2026.

    “While we celebrate this achievement, we are not stopping here,” Dr Mathebula added. “We are currently advancing discussions and development work aimed at establishing separation capabilities in South Africa. Together with Mintek, we are continuing to explore and develop local solutions that will support the future establishment of a world-class separation system.

    “Our vision is not simply to mine resources but to beneficiate them, process them, and create greater value within South Africa and become a rare earth processing hub in Africa for the benefit of society from local communities through to Africa as a whole.

    “Construction of the processing plant is progressing well, with concentrate production expected to commence later this year and first shipments anticipated before the end of 2026. The mine continues to engage with several strategic investors currently conducting due diligence regarding potential participation in the project.”

    Located in the Western Cape, Steenkampskraal is the world’s highest-grade rare earth element and thorium deposit. Originally opened in 1952 by Anglo American, the mine was historically operated for thorium extraction in support of international nuclear energy programmes before being placed on care and maintenance.

    Follow on Google News
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email Copy Link WhatsApp

    Related Posts

    What Keeps Township Firms out of Malls

    September 3, 2026

    Liquidations Down By 23%

    September 3, 2026

    Power Reform Advances but Distribution Stalls, Tracker Finds

    September 3, 2026

    BMW and Absa Back Youth Jobs Drive

    September 1, 2026
    Top Posts

    Absa Launches Grant Fund to Back Young Entrepreneurs

    July 26, 20263,102

    Old Mutual Shareholders Reject CEO Pay Plan

    July 16, 20262,953

    PIC Board Suspends Its CEO

    July 13, 20262,756

    Avatar Confirms Ngubane’s Abrupt Exit as Co-Chief Creative Officer

    July 22, 20262,449
    Don't Miss

    IDC Finance Chief Goes as Auditors Flag Reporting Failures

    September 4, 2026 EXECUTIVES

    Industrial Development Corporation chief financial officer Isaac Malevu has resigned and will leave at the…

    Clicks Launches Township Convenience Brand 

    September 3, 2026

    Marriott Opens Dual-Branded Hotel and Apartments in Kampala 

    September 3, 2026

    Radical Economic Transformation – This Time The Right Kind

    September 3, 2026
    Stay In Touch
    • Twitter
    • LinkedIn
    • Facebook

    Business Explainer proudly displays the “FAIR” stamp of the Press Council of South Africa, indicating our commitment to adhere to the Code of Ethics for Print and online media which prescribes that our reportage is truthful, accurate and fair. Should you wish to lodge a complaint about our news coverage, please lodge a complaint on the Press Council’s website, www.presscouncil.org.za or email the complaint to khanyim@presscouncilsa.org.za Contact the Press Council on 011 4843612.

    Facebook X (Twitter) LinkedIn
    Categories
    • TRENDING
    • EXECUTIVES
    • COMPANIES
    • STARTUPS
    • GLOBAL
    • AGRICULTURE
    • DEALS
    • ECONOMY
    • MOTORING
    • TECHNOLOGY
    contact us
    • Get In Touch
    Facebook X (Twitter)
    • Privacy Policy
    © 2026 Business Explainer .

    Type above and press Enter to search. Press Esc to cancel.