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Mkango acquires Heraeus Amloy rare-earth recycling business

This article was originally posted on Chemical Engineering Online.
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Summary
Mkango Resources has signed an asset purchase agreement to acquire Heraeus Amloy Technologies’ Remloy rare-earth magnet recycling business for €8 million (US$9.4 million) in cash. €5 million (US$5.6 million) is payable at closing—expected within three months—and €3 million (US$3.5 million) will be paid afterward.

What impact do you think this acquisition could have on rare-earth magnet recycling capacity and regional supply security?

Mkango Resources Ltd. (Vancouver, B.C., Canada) has signed an asset purchase agreement with Heraeus Amloy Technologies GmbH, to acquire its Remloy rare earth magnet recycling business  for €8 million (US$9.4 million) in cash, of which €5 million (US$5.6 million) is payable on closing, expected within the next three months, and €3 million (US$3.5 million) payable […]

The post Mkango acquires Heraeus Amloy rare-earth recycling business appeared first on Chemical Engineering.

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dee
Jun 14 at 11:00 AM
Is Remloy’s flow hydrogen decrepitation with resintering or a hydromet recovery? If they’re going beyond clean production scrap, nickel/epoxy coatings, oxygen pickup, and NdFeB dust hazards will wreck yield and uptime fast - demag ovens, shredders, and H2 trains need hard interlocks tied to LEL and temperature with solid NFPA 484/ATEX housekeeping.

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