The country lost at least $27.5 million in revenue from lapis lazuli between 2014 and 2015. In contrast, armed groups earned about $20 million just in 2014.
Rare Earth Mining News
World Bank revises down growth rate for commodity exporting countries to just 0.4%, predicts 15% decline in metal prices this year.
Capital spending by the world's largest miners since 2010 amounted to $632 billion – 32% of which has now been written off says new report.
An official endorsement of such mission would pave the way for several other for-profit space ventures currently in the works.
Lincoln Minerals has been granted a 21-year lease for the 300-hectare Kookaburra Gully graphite project on South Australia’s Eyre Peninsula.
Most analysts believe the commodities market has turned a corner and that prices are unlikely to return to lows seen in the past year.
Scandium promises to be a future wonder metal. And Australia is likely to become its major source of supply.
Higher gold prices will push miners to restart or speed up development of projects, leading a fresh wave of mergers and acquisitions in the country, according to BMI Research.
Rare earths content was tested using hydrofluoric acid, which is much stronger and more efficient than industrial methods, but is too hazardous to use on a large scale.
Australia's Taurus raised $683m to invest in mining company debt last year, while two funds currently in the market are targeting investor capital of $800m.
The move by the world's largest asset manager shows increasing interest in the lithium market.
Development of the Bokan Mountain rare earth mine is on hold as the company leading the project focuses on a new processing technology and waits for rare earth metal prices to rebound.
A new survey of the rare earth industry outside China shows many producers and processors are responding to weak prices by exiting the market.
Mineração Serra Verde (MSV), an advanced development stage rare earth project in central Brazil, announced today the appointment of rare earth industry veteran Eric Noyrez to the Company’s Board of Directors.
New report says mining and metals companies set to default on debt at more than three times the historical rate going back to 1983.
It’s home to just a half-million people, but the country is not thinking small when it comes to the future of mining.
A 14-mile stretch of sand dunes along South Africa's breathtaking east coast is the battleground between big mining interests and the local community.
Few trust official Chinese growth numbers, but new research shows activity across a wide section of the economy accelerated sharply in the first quarter.
As society becomes more dependent on technology, metals like lithium are in high demand.
While the province says the proposed ruling will cut red tape, environmental groups claim it doesn't do enough to prevent mining on privately protected lands.
After several years of bear markets for miners, many mining equities have lept upward in the last few months.
"It is not clear at this time that the current prices are either sustainable or sufficient".
It was just over a year ago that Tony Simon, President of Seguro Consulting, brought to our attention the initial problem of the zombie miners (definition referred to mining exploration companies that had negative working capital and therefore did not meet the Continuous Listing Requirements (CLR) for the TSX and TSX-V stock exchanges).
Confidence returns to mining sector as announced capital outlays surge to $108 billion – greenfield project spending up three-fold in first quarter.
Shares in world's top miner of high-tech raw materials surge on speculation Beijing is stepping in to support rare earth prices.