Resource Investing News

Texas Rare Earth Resources Corp starts drilling at heavy Round Top Project

Texas Rare Earth Resources Corp.’s primary focus is developing its Round Top Mountain rare earth—beryllium-uranium project which also includes niobium, tantalum and gallium. Round Top is located in Hudspeth County, Texas, 85 miles east of El Paso. Independently published data indicates the property may contain more than one billion metric tons of rhyolite containing rare earths with a 67% ratio of heavy to light rare earths.

Scorpio Mining Q2 silver output nearly doubles

Reuters reported that Scorpio Mining's (TSE:SPM) second quarter silver recovery doubled. Continue reading... Image by Scorpio Mining

EU cuts import duties on potash from Russia, Belarus

Reuters reported that the EU lifted trade barriers from Russia and Belarus by cutting import duties on potash. Continue reading...

China must resume stable rare earth exports: UN

Daily Yomiuri Online reported that the World Trade Organization says China must eliminate rare earth export restrictions. Continue reading...

Sandstorm Gold signs gold purchase deal with Donner Metals

Sandstorm Gold shares were one of the most heavily traded on the Toronto Venture Exchange on Wednesday morning, while Donner’s stock was one of the top traded with a 15 percent rise.

Sierra Leone’s Diamond and Gold Shipments Rise in May, Central Bank Says

Bloomberg reported that gold exports from Sierra Leone are up 25%.

ESO Drilling Donna Gold Property, B.C

ESO Uranium Corp. CVE:ESO) reports that it has began drilling at the Donna gold property on Monashee Mountain, Vernon, BC.

Calibre Mining Reports Exploration Update From Borosi Gold-Copper Concessions

Calibre Mining Corp. (CVE:CXB) announces results from the Santa Rita open pit copper-gold mine.

Pure Nickel Reports Settlement on Utah Property Litigation

Pure Nickel Inc. (TSE:NIC,OTC:PNCKF) reports it has reached an agreement with Skye Mineral Partners, LLC regarding a copper project in Utah.

Tantalum and Platinum May Replace Silicon-Based Flash Memory

Platinum Today reports that tantalum and platinum may soon replace the materials in a silicon-based flash memory.

Lithium Corporation commences drilling at Cortez in Nevada

Lithium Corporation is an exploration company based in Nevada devoted to the exploration for new lithium resources within the state of Nevada. The Company explores and develops potentially economic lithium-enriched brine fields, with an eye to becoming a long-term producer of this increasingly strategic and economically important commodity.

St. Eugene plans to expand Tartan Lake drilling program

Reuters reported that positive gold discoveries at Tartan Lake prompted St. Eugene Mining Corp to expand its drilling program.

Uranium price increasing on reduced volumes

The price for uranium climbed 4 percent to reach $53.75 per pound, an increase of $2.00 from the spot price for uranium last week. Purchasers of uranium resources over the course of last week have seen demands met with consistently higher prices as the week concluded.

Platinum Group Metals dip on European debt crisis worries

Bloomberg reports that platinum group metals dipped today as concerns over the European debt crisis grow.

Continental Gold Drills 18.1 m @ 24.89 g/t Gold and 63 g/t Silver at Veta Sur and Announces New Sediment-Hosted Gold-Silver-Zinc-Lead Discovery at the Buritica Project, Colombia

Continental Gold Limited (TSE:CNL) reports results for nineteen diamond drill-holes from its ongoing program at its Buriticá project in Antioquia, Colombia.

China hikes smelting, steel capacity cuts

Reuters Africa reports that China has ordered local governments to cut a total 2.04 million tonnes of aluminium, copper, lead and zinc smelting capacity in 2011.

Is your cell phone fueling civil war in Congo?

The Atlantic reports that the Dodd-Frank Act aims to end the trade of conflict metals, like tungsten, from the DRC.

Base metals fall on Italy debt worries, supply in focus

Reuters reports that nickel went untraded today, but still managed to fall as copper, aluminum and zinc also fell.

Examining the Risks and Rewards of the US Shale Boom

Understanding the strategy of companies involved in shale projects is fundamental for investors in order to determine their own investing strategy.

Is Gold’s Momentum Unstoppable?

Gold prices have rallied to record highs, supported by their “safe haven” appeal for investors seeking shelter from economic uncertainty and a means to guard against inflation.

Does a Rare Earth Trade Dispute Loom?

In an exclusive interview with Rare Earth Investing News, Christopher Ecclestone mining strategist for Hallgarten and Co, shares some insight on the future trade disputes with China and the effect on rare earth mining firms.

India’s MMTC to import 12% more gold, 30% more silver

Mineweb reported that India wants to increase gold and silver imports to meet higher demand. The market news is quoted as saying: The state-run trading company called Minerals and Metals Trading Corporation (MMTC), expects to import around 275 tonnes of gold in 2011-12, as compared to the 245 tonnes that it brought in a year ago. As for silver, imports are expected to jump by around 30% to 1,200 plus tonnes during the same period.

Gold pops, silver sputters on weak jobs report

The Street reported that gold prices increased and silver was flat following a poor report on US jobs. The market news is quoted as saying: Before the jobs number, the metals had been in wait and see mode. After a powerful three day rally, gold and silver prices are up 3.2% and 8%, respectively, and some investors were taking profits.

New SA-NSW iron-ore province needs $7.6 billion infrastructure investment

Mining Weekly reports that the development of a new iron-ore province in South Australia would require an estimated A$7.6-billion in infrastructure investment. The market news is quoted as saying, Promoting the iron-ore province at the Australian Resources Chinese Investment Congress in Adelaide, Alliance spokesperson Andrew Woskett said that any individual components of the overall infrastructure proposals could make stand-alone investment opportunities, in their own right.

Metminco signs option agreement to purchase 100% of the La Piedra Cu-Au-Mo Porphyry Project in Chile

Metminco Limited (ASX:MNC) announced that its subsidiary intends to acquire the La Piedra project in Chile.