SANTIAGO, Sept 13 (Reuters) - Miner Aclara Resources
plans to request a key environmental permit to develop
a rare earths deposit in Brazil early next year with the aim of
starting production in 2027, two years earlier than planned, the
company said on Thursday.
The Brazil project, called Carina in the state of Goias,
aims to eventually produce 191 metric tons a year of dysprosium
and terbium, heavy rare earths that can be used for electric
vehicle production.
If the project is successful, the output would amount to
about 13% of China's 2023 output of those elements, according to
CEO Ramon Barua.
He said the company, which is publicly traded on the Toronto
Stock Exchange with offices in Chile and Brazil, is moving
faster than anticipated in Brazil, where it originally planned
production in 2029.
The company reached agreement with the state and local
governments to speed up the permitting process.
"We plan to submit the environmental impact report at the
start of next year," he said in an interview. "We think this is
going to move very quickly."
If the approvals are granted within a year and a half as
expected, production could begin as soon as 2027 or potentially
2028, he said.
Aclara is also seeking environmental approvals for a much
smaller deposit in Chile known as Penco, a process also expected
to take a year and a half.
Brazil holds the world's third-largest rare earth reserves
and is attracting a number of early stage projects, as Western
economies push to break China's dominance of the supply chain.