Get all your news in one place.
100's of premium titles.
One app.
Start reading
Birmingham Post
Birmingham Post
Business
David Laister

Pensana shortens timeline to market as costs drop and project value soars

Rare earth specialist Pensana has brought forward its scheduled commissioning date for the Saltend magnet metal plant.

Global engineering specialists who have now completed the front end engineering and design aspects for both the Humber complex chemical processing facility and Logonjo element in Angola, Africa, have also brought the total cost down by more than £23 million.

Total capital expenditure on the dual continent operation has been reduced from $525 million (£401.9m) to $494 million (£378.1m) - with further efficiencies forecast.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.