MANAGEMENT

Nolans metal for Germany

First production is scheduled in 2025

 Siemens wind turbine

Siemens wind turbine

Under the terms of the agreement 200 tonnes per annum of NdPr metal will be shipped in 2026 followed by 360tpa in 2027.

Between 2028-2030 there will be 400tpa sent as operations at Nolans ramp up.

There is an option to extend the agreement for two years.

This deal means Arafura has contracts over about 53% of the targeted 85% of production earmarked for export.

First production is scheduled in 2025.

Siemens Gamesa has a production facility in Cuxhaven, in Germany's Lower Saxony region where it makes and assembles all components for the hub, generator and backend into the turbine.

Arafura managing director Gavin Lockyer said the company was pleased to have concluded negotiations on the second offtake agreement.

"Siemens Gamesa is the world's leading manufacturer of offshore wind turbines and this agreement complements our strategy to create supply diversification into the renewable and e-mobility sectors," he said.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Monthly Intelligence team.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Monthly Intelligence team.

editions

Mining Magazine Intelligence Exploration Report 2024 (feat. Opaxe data)

A comprehensive review of exploration trends and technologies, highlighting the best intercepts and discoveries and the latest initial resource estimates.

editions

Mining Magazine Intelligence Future Fleets Report 2024

The report paints a picture of the equipment landscape and includes detailed profiles of mines that are employing these fleets

editions

Mining Magazine Intelligence Digitalisation Report 2023

An in-depth review of operations that use digitalisation technology to drive improvements across all areas of mining production

editions

Mining Magazine Intelligence Automation Report 2023

An in-depth review of operations using autonomous solutions in every region and sector, including analysis of the factors driving investment decisions