Business Insider Africa·2 min read·medium
Japan backs $34 million Namibia rare earth project as race for Africa’s critical minerals intensifies
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Japan's state-backed JOGMEC is investing $34 million into a rare earth mining project in Namibia led by Toyota Tsusho. This move is part of a broader strategy to secure critical mineral supply chains in Africa.
Japan’s state-backed Japan Organization for Metals and Energy Security (JOGMEC) said on Thursday it would invest in TJ Namibia Rare Earths, a special purpose company established by Toyota Tsusho to develop the Lofdal Heavy Rare Earth Project in Namib... [2739 chars]
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