Oct 12 (Reuters) - Pensana Rare Earths PRE.L , which is developing the Longonjo rare earths project in Angola, has appointed Wood Group to study the potential for the company to set up a rare earth oxide production facility in Britain.
Rare earths are a group of minerals, including neodymium and praseodymium (NdPr) oxide, used in magnets helping power a range of products from iPhones to wind turbines.
The projected production from Longonjo, combined with a processing facility in Britain, would be enough to supply the wind turbines at Dogger Bank - a wind farm off the coast of Yorkshire - for the next 20 years, Pensana said on Monday.
Each turbine requires over 7 tonnes of permanent magnets, Pensana said.
Prime Minister Boris Johnson last week announced a 160 million pound ($208.29 million) investment as part of a drive to quadruple Britain's offshore wind capacity to 40 gigawatts (GW) by 2030, in a bid to build a "green" recovery from the pandemic. ($1 = 0.7682 pounds)