Lindian Resources Acquires 51% Stake in Kazakhstan Rare Earth Processing Plant

Published: Mar 5, 2026 15:35

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According to foreign media reports, ASX-listed Lindian Resources signed a binding agreement to acquire a 51% equity stake in the Sareco Mixed Rare Earth Carbonatite (MREC) processing plant in Kazakhstan.

The plant was previously operated by a joint venture between Japan’s Sumitomo Corporation and Kazakhstan’s national atomic energy company, Kazatomprom, and will now be jointly operated by Lindian (51%) and its domestic joint-venture partner, the RA Group (49%).

The acquisition will upgrade Lindian’s business from rare earth concentrate production to higher-value MREC production, significantly improving its economic returns.

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