Kazakhstan: $150-million modernization plan underway for rare earth metals plant
The rare earth metals plant (Sacero LLP) in Stepnogorsk, owned by the Kazakh company Silkway Metals (a subsidiary of Australia’s Lindian Resources), was announced by the Akmola region akimat (state administration). The project is estimated to cost $150 million. Of this, $50 million is planned for upgrading the existing plant, and another $100 million for…