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Birmingham Post
Birmingham Post
Business
David Laister

Considerable progress for Pensana heralded as operational highlights reflected on at year-end

Pensana chairman Paul Atherley has reflected on “considerable progress for the company” in its development of the world’s first independent and sustainable magnet metal rare earth processing hub at Saltend.

It came as the company released its 2022 Annual Repor t, building on last week’s investor update. London-listed Pensana has now entered the construction phase for a complex separation plant, a £150 million investment creating 125 highly-skilled jobs in chemical engineering and associated functions.

It will be fed from a mine Pensana is also developing in Angola, Africa, as well as third parties.

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