Arafura Rare Earths Ltd - Company Profile
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Arafura Rare Earths Ltd (Arafura) is a rare earth metals mining and exploration company. It is involved in exploration and development of various mineral sources including rare earths and phosphate. The company had major project such as Nolan project. It also owns other exploration projects including Aileron-Reynolds project and Bonya JV. Rare earth products find application in advanced ceramics and high strength permanent magnets that allow e-mobility and renewable energy applications. The company’s rare earth products are used in magnetic, optical, catalytic, and electronic applications in key growth sectors such as automotive, clean energy, robotics, and electronics. Arafura is headquartered in Perth, Australia.
Arafura Rare Earths Ltd premium industry data and analytics
Products and Services
Products | Brands |
---|---|
Rare Earth Metals: | Arafura |
Neodymium | |
Praseodymium |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
Year | Event | Description |
---|---|---|
2024 | Contracts/Agreements | In February, the company entered into a gas supply agreement with the largest onshore gas field in the Northern Territory to supply 27.41 petajoules of natural gas for the Nolans NdPr Project north of Alice Springs. |
2023 | Contracts/Agreements | In June, the company received a letter of interest from Export Development Canadai (EDC) for the provision of potential financing of up to US$300 million. |
2023 | Contracts/Agreements | In April, the company signed an offtake agreement with Siemens Gamesa Renewable Energy A/S to provide NdPr from its Nolans Project. |
Competitor Comparison
Key Parameters | Arafura Rare Earths Ltd | Rio Tinto | Northern Minerals Ltd | Toro Energy Ltd | Terramin Australia Ltd |
---|---|---|---|---|---|
Headquarters | Australia | United Kingdom | Australia | Australia | Australia |
City | Perth | London | Sydney | Perth | Adelaide |
State/Province | Western Australia | England | New South Wales | Western Australia | South Australia |
No. of Employees | 19 | 54,000 | - | 24 | 30 |
Entity Type | Public | Public | Public | Public | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
Name | Position | Board | Since | Age |
---|---|---|---|---|
Darryl Cuzzubbo | Managing Director; Chief Executive Officer | Senior Management | 2024 | - |
Peter Sherrington | Chief Financial Officer | Senior Management | 2013 | - |
Mark Southey | Chairman | Non Executive Board | 2018 | - |
Catherine Huynh | Company Secretary | Senior Management | - | - |
Frank Richards | Senior Manager Sales & Marketing | Senior Management | - | - |
Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
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