Asia Sentinel reported that Strikeforce Mining wants to be the first Russian company to list on the Hong Kong Stock Exchange.
Solar Panel Installation Store writes on the potential for vanadium to be a key component in green energy solutions. In the case of electric cars, vanadium is being combined with lithium to act as a “supercharger” that increases the battery’s energy density and, hence, the distance a car can travel.
Transit Holdings Ltd (ASX: TRH) announces that the total JORC exploration target estimate for the Paradox Basin Potash Project, Utah (TRH: 90%), has increased by over 1.0 billion tonnes and the average projected grades of the individual beds have increased by about 5% KCl in grade. In total, the exploration target for the company's flagship US potash asset has been upgraded from 2.5 to 3.8 billion tonnes of sylvinite ore at an average grade of 19% to 29% KCl to 3.4 to 5.2 billion tonnes of sylvinite ore at an average grade of 23% to 34% KCl.
Reuters reported that Germany is set to approve funding to develop cleaner coal technology. The market news is quoted as saying: Germany, Europe’s largest economy and a global manufacturing powerhouse, has committed to reducing its carbon footprint by 40 percent in 2020 compared with 1990, with further cuts to come over the following three decades.
Reuters reports that diamond prices are now above pre-crisis levels after a 35 to 40 percent rise so far this year. De Beers’ Executive Director, Stephen Lussier says, Diamonds are more scarce than before the crisis. And there are three markets where demand is very strong: China, India and the United States.
Mining Weekly reports Lucara Diamond Corporation (CVE:LUC) has raised $50-million in debt for two gem projects. The market news is quoted as saying, Lucara said it had concluded that the debenture, which matures at the end of 2013, provided the best value to shareholders. The company will make quarterly repayments, and no interest is payable during the facility’s term, though Lucara will pay the lenders nine-million shares instead.
Reuters reports that diamond prices are now above pre-crisis levels after a 35 to 40 percent rise so far this year.
Bloomberg reported that Lynas Corp (ASX:LYC) and Siemens (ETR:SIE) have formed a joint venture in rare earth supply.
Reuters reported that some Chinese media say China is within its rights to cap exports of rare earths.
American Vanadium Corp. (CVE:AVC) reports the non-brokered private placement has been increased to 2,334,667 units for total proceeds of $3,502,000.50.
Reuters reported that Israel Chemicals (TLV:ICL) will supply an additional half million tons of potash to Chinese customers in 2011.
Bloomberg reported that Russia's attempt to capture a huge stake in global potash resources from Belarus may be trumped by China.
Red Metal Resources Ltd. (OTCBB:RMES) reports that it has began an approximately 2000 meter combined reverse circulation (RC) and diamond drilling program on its Farellon copper-gold project.
International Lithium Corp.'s update on a Canadian rare earth metals project. Surface exploration on the Mavis Lake rare metals’ project, located 15 km Northeast of Dryden, Ontario, revealed high-grade well-evolved lithium and tantalum zonation as well as significant levels of cesium and rubidium across multiple pegmatite bodies.
Reuters Africa reported that Bolivia expects to hit a record high for silver and zinc exports.
Reuters reported that rising gold prices are affecting Iranian demand for gold coins.
Reuters Africa reported that the Jinchuan Group’s (FRA:GDZD) bid for Metorex (JNB:MEMTX) is higher than Vale’s (NYSE:VALE) offer. The market news is quoted as saying: Jinchuan, China’s dominant nickel producer, added almost 22 percent to Vale’s offer, making 8.90 rand per share for a cash bid at current exchange rates of around $1.32 billion.
Purepoint Uranium reports on an update on the Athabasca Basin with several companies.
The challenge in mastering rare earth processing and separation is the biggest hurdle for the profitability of a rare earth mining company. In an exclusive interview with Rare Earth Investing News, David Vinokurov from Stans Energy Corp. talks about the challenges of rare earth processing.
Another potentially large-scale use of silver in future is in supercapacitors, which are similar to batteries but which have the additional property of being able to release and recoup energy very quickly. They can capture energy from various sources such as wind power or solar power.
According to researchers at the Argonne National Laboratory, worldwide demand will not exceed 8 million tons, well within the recoverable 12 million tons of reserves estimated by the U.S. Geological Survey. The issue has more to do with our rising demand for electric vehicles. In 2009, worldwide Lithium production reached 120,000 tons. If electric cars achieve a 5% penetration rate by 2020, 60,000 tons of Lithium will be needed to fill the demand.
Bloomberg reports that Eduard Ogay, chief executive officer of Kazakhmys Corporation LLC, says copper prices will stay about the same.
The gold and silver markets are still in high risk territory vulnerable both ways. At the moment the direction of gold and silver, in the euro and the dollar is down.
Rye Patch Gold Corp. announced that Joe Kajszo has been appointed as the company’s new CFO. Rye Patch also announces that it has retained the services of O&M Partners, LLC (“O&M”) of New York, to act as a consultant for a one-year term.
Jinchuan Group cut refined cobalt prices from RMB 300 kt/mt to RMB 290 kt/mt, down by 3% and cut tricobalt tetroxide prices from RMB 212/kg to RMB 207/kg.