US-based rare earth miners, Molycorp (NYSE:MCP), gets a foothold in Asia after completing its US$1.3 billion acquisition of Canadian-based Neo Material Technologies Inc. (TSX:NEM).
Rare Earth Mining News
The Korsnäs South, Siilinjärvi and Laivajoki projects are being acquired from an arm's length private Finnish company, Magnus Minerals Oy, for consideration including 60,000 common shares of the company.
Bob Wolf, Alliance LLC vice president, doesn't believe everything he reads. Manufacturers claim they can swap out rare earth elements for cheaper, more accessible materials, while some miners insist they can fill every gap in the rare earth supply chain.
The IIED report urges the sector to move from improving its standards in principle to actually implementing them in practice.
Consulting firm says the top 40 global mining firms earned a record profit of $133 billion last year driven mainly by iron ore, however their market capitalization fell by 25%.
China is looking to allocate a value-added tax (VAT) permit to all rare earth companies in a desperate effort to curb resource plundering, dangerous artisanal mining and widespread pollution, as well as collecting revenue.
Junior miner Matamec Explorations, currently developing the Kipawa rare earths project in western Quebec, Canada, said on Monday it had started a pilot plant to enable the continuous processing of ore samples.
Under the terms of the deal Neo Material stockholders had the option to either receive cash or shares in Molycorp, but so many chose the former option that it exceeded the maximum cash amount that could be paid out to them.
Independent investment bank Jacobs Securities recently issued a research report on the junior Rare Earth Element (REE) space, including "Speculative Buy" recommendations for Tasman Metals (CVE:TSM) and Montero Mining and Exploration (CVE:MON)
The prelimary economic assessment for the Ashram rare earth deposit in Quebec shows "robust economics," says Canadian explorer Commerce Resources (TSX-V:CCE).
Alaska Dispatch has published an interactive map plotting Alaska's operating mines, active prospects and abandoned prospects.
Rick Rule's presentation at the New York Hard Assets Conference earlier this week sees some light for the informed junior resource investor despite current patterns which have mostly been Bad or Ugly!
Chinese authorities added 10,680 tonnes to the country's export allowance this week but it is something of a meaningless exercise because during the first quarter China only exported 26.3% of the initial quota.
The Colorado company is destined to become the number one producer outside China, but the rapidly changing economics of the industry has seen its stock decline 20% this week and 74% since May last year.
As part of the Company's vertical integration strategy, GWMG also holds 100% equity ownership in Rare Earth Extraction Co. Limited, which owns a 74% equity interest in the Steenkampskraal Mine.
A bill aimed at streamlining permitting in one of the worst mining permitting jurisdictions globally, the United States, has won approval of the House Natural Resources Committee.
Magnetically sensitive sharks don't like samarium, neodymium, and praseodymium, according to a report by BBC on a company that is experimenting with rare earth elements to protect swimmers from getting bit.
In lunchtime trade Molycorp was changing hands for $24.37, down $1.06 or 4%, in reaction to a downgrade and as investors continue to digest the company's results out last week. TheStreet Ratings downgraded the rare […]
Even by the not very high standards of current US political discourse, the polemic is a little thin on logic.
Hal Quinn, President and CEO of the National Mining Association, testified before Congress today on new legislation that would address America's dependence on critical metals.
Molycorp was forced to sell rare-earth oxides from Mountain Pass for 20% cheaper than during the December quarter last year. The company's stock is now worth 60% less than this time last year and all the gains from the Neo Material takeover have evaporated.
Rare earth miner Molycorp Inc posted a sharp rise in adjusted quarterly profit on Thursday that topped analyst forecasts as both realized prices and sales volumes climbed.
Commodities have experienced a renaissance after the bursting of the internet bubble at the end of the 20thcentury. The new and long-term upward trend began with most commodities in late 1990s and already lasts nearly 15 years. During this time, most commodity prices manifold strongly.
The net loss for the third quarter ended March 31, 2012 totaled $5.3 million or $0.12 per share as compared to a net loss of $1.6 million or $0.04 per share for the same period in 2011.
Louis James, a mining investment strategist at Casey Research's office outside Seattle, first started to hear the odd question about graphite a year ago.