IAMGOLD Corporation ("IAMGOLD" or the "Company") today announced an update on its exploration of the rare earth elements ("REE") adjacent to its Niobec niobium mine near Saguenay, Quebec, Canada. The known rare earth element zone ("REE zone") located about one kilometre north of the Niobec mine was last explored in 1985, and is known to host significant rare earth element mineralization. As reported in the Company's 2011 second quarter report, a supplemental exploration program of $2.5 million was approved to drill test the projected extensions of known niobium resources at Niobec, and to explore the REE zone. A 21,000 metre diamond drilling campaign commenced in the second quarter, with 8,500 metres directed to the REE zone.
Rare Earth Mining News
The US Geological Survey (USGS) said on Wednesday it estimated there were at least one-million tons of rare earth elements contained in resources in Afghanistan’s restive Helmand province.
The British Geological Survey (BGS) on Wednesday published the latest list of the 52 elements, minerals and metals most at risk of supply disruption because global production is concentrated in a few countries, many with unstable governments. Surprisingly rare earths used in green technology and defence do not top the list but comes in at number five. Antimony, extracted mainly from stibnite (pictured), widely used for fireproofing is most at risk. The platinum group metals (auto catalysts) hold the second spot while niobium used in touch screens and scanners and tungsten for cutting tools are also at risk of supply disruption as a result of increased competition among the world's growing economies, political instability, resource nationalism, along with events such as strikes and accidents. China is the number one producer of 50% of the 52 chemicals on the list and produces 75% of the world's antimony.
Western Australian Minister for Mines and Petroleum Norman Moore, who is responsible for initiating the single biggest overhaul of Western Australia’s mining industry’s occupational health and safety system, assured Malaysians that the level of radioactivity attached to the product from Lynas Corporation's Mount Weld was very low, that it was not considered as dangerous goods from the point of transportation regulations.
SASKATOON, SASKATCHEWAN--(Marketwire - Sept. 12, 2011) - Great Western Minerals Group Ltd. (TSX VENTURE:GWG) (OTCQX:GWMGF) ("GWMG" or the "Company") is pleased to announce that Company officials will be presenting at the following venues in September 2011. SASKATOON, SASKATCHEWAN--(Marketwire - Sept. 12, 2011) - Great Western Minerals Group Ltd. (TSX VENTURE:GWG) (OTCQX:GWMGF) ("GWMG" or the "Company") is pleased to announce that Company officials will be presenting at the following venues i...
Pele Mountain drilling expands eco ridge deposit northward, demonstrates significant rare earth mineralization outside of main conglomerate bed
TORONTO, Sept. 12, 2011 /PRNewswire/ - Pele Mountain Resources Inc. (TSXV: GEM) (OTCQX: GOLDF) ("Pele" or the "Company") today announced results from the recent 7,000-metre drill program at its Eco Ridge Mine Rare Earths and Uranium Project ("Eco Ridge"
Elissa Resources Ltd. ("Elissa" or the "Company") (TSX VENTURE:ELI)(OTCQX:ELSRF)(PINK SHEETS:ELSRF) reports that it has retained the services of Maximus Strategic Consulting Inc. ("Maximus") to provide advertising services to the Company, subject to regulatory approval. Maximus operates www.pinnacledigest.com. VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 9, 2011) - Elissa Resources Ltd. ("Elissa" or the "Company") (TSX VENTURE:ELI)(OTCQX:ELSRF)(PINK SHEETS:ELSRF) reports that it has retained the services of Maximus Strategic Consulting Inc. ...
Reuters reports prices of most rare earth elements – used in consumer electronics, defence and green energy industries – have risen since Wednesday after of local government crackdown on mining, with three major producers slated for closure. The news follows an announcement from the EU that it is building a stockpile of a variety of REEs and that a high-level meeting of officials from Europe, the US and Japan will take place in Washington early next month to discuss supply security. The price of some REEs such as samarium oxide used in jet fighter electrical systems has increased 25-fold in just three years.
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 8, 2011) - International Montoro Resources Inc. ("Montoro") (TSX VENTURE:IMT)(PINK SHEETS:IMTFF)(FRANKFURT:O4T) has retained Aeroquest International Limited to conduct multiple large scale geophysical and radiometric airborne surveys over the highly prospective "Tacheeda NW" and "Chuchinka NW" Rare Earth Element prospects located in 'The Rocky Mountain Rare Metal Belt' of northern British Columbia. Both of Montoro's newly acquired properties are on trend with properties held by Spectrum Mining Corp. (the "Wicheeda" discovery), who announced a 48.64 metre interval which averaged 3.55% REE, a 72.0 metre interval that averaged 2.92% REE, and a 144 metre interval which averaged 2.20% REE in three separate drill holes.
SASKATOON, SASKATCHEWAN--(Marketwire - Sept. 8, 2011) - Great Western Minerals Group (TSX VENTURE:GWG) (OTCQX:GWMGF) ("GWMG") is pleased to announce the selection of Drillcorp Africa (Pty) Ltd. ("Drillcorp") as the drill contractor for the upcoming exploration and resource evaluation program at the Company's Steenkampskraal Rare Earth Element ("REE") project in South Africa.
THUNDER BAY, ONTARIO--(Marketwire - Sept. 8, 2011) - Rare Earth Metals Inc. ("Rare Earth Metals", "RA" or the "Company") (TSX VENTURE:RA)(PINK SHEETS:RAREF)(OTCQX:RAREF) is pleased to report preliminary Rare Earth Element results from three additional holes on the Two Tom Mineralized Zone at the Red Wine Property, located approximately 110 kilometers northeast of Churchill Falls in west central Labrador. The results include best intersections of 1.86% TREO over 121.5 meters within a larger zone of mineralization which assayed 1.46% TREO over 195.15 meters in drill hole DDH-TT-13, 1.82% TREO over 89 meters in drill hole DDH-TT-14, and 2.15% TREO over 120 meters within a larger zone of mineralization which assayed 1.68% TREO over 176.5 meters in drill hole DDH-TT-15b. The HREO/TREO ratios from these intersections range from 5.2% to 6.0%.
Gold Canyon Announces expansion of joint exploration agreement with Japan Oil, Gas and Metals National Corporation (JOGMEC) for rare earth elements in Malawi
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 8, 2011) - Gold Canyon Resources Inc. (TSX VENTURE:GCU)(PINK SHEETS:GDCRF) ("Gold Canyon" or "the Company") is pleased to announce commencement of a rare earth elements (REE) exploration program in Malawi, Africa through its Joint Exploration Agreement (JEA) between the Company and its joint venture participant, Japan Oil, Gas and Metals National Corporation (JOGMEC). This joint venture was established in January 2009 with the goal of targeting strategic REE projects which can be brought into production within a reasonable time frame and capital requirements.
Rare Earth Metals intersects significant heavy REE mineralization at Dory Pond area, red wine project, with HREO/TREO ratio of 42.1% from intersection of 1.55% TREO over 21.0 meters
THUNDER BAY, ONTARIO--(Marketwire - Sept. 6, 2011) - Rare Earth Metals Inc. ("Rare Earth Metals", "RA" or the "Company") (TSX VENTURE:RA)(OTCQX:RAREF)(PINK SHEETS:RAREF) is pleased to report preliminary Rare Earth Element results from drilling on the Dory Pond project area of the Red Wine property. The second hole of this drill program (DDH-B3N-03) was successful in testing an area defined by a number of Heavy Rare Earth anomalous prospect samples and resulted in an intersection of 1.55% TREO (HREO/TREO of 42.1%) over 21.0 meters within a wider intersection of 1.11% TREO (HREO/TREO of 41%) over 42.9 meters. Of particular importance are the high values in Dysprosium, Yttrium and Neodymium which compare favourably with other more advanced Heavy Rare Earth Deposits.
Commodity markets were hit this week by shock news that the United States created no jobs in August, sparking speculation that the world's biggest economy could be heading for a double-dip recession. Analysts said the data bolstered expectations that the US Federal Reserve could soon decide to implement another round of quantitative easing -- dubbed QE3 by traders -- to help breathe new life into the struggling economy.
Lynas Corporation has signed a long term rare earths supply agreement with BASF. The contract will see Lynas provide the materials from its Lynas Advanced Materials Plant (LAMP) in Malaysia for BASF’s Fluid Catalytic Cracking business, which uses lanthanum.
Crossland Uranium Mines (ASX:CUX) plans to issue a report next month on an illuvial heavy mineral rare earth element resource at its 50% owned Charley Creek project in Northern Territory. A 16.7 tonne quantity of alluvial material has been obtained from the Cockroach prospect for testwork to investigate a heavy mineral process flowsheet and to generate samples of heavy mineral product for initial marketing and additional process development tests. Crossland says that the Charley Creek alluvials should be low cost sources of heavy mineral concentrates with high concentrations of REE and/or zircon.
Silver Spruce reports continued significant REE results Pope's Hill MP trend, Trans Labrador Highway, NL
BRIDGEWATER, NOVA SCOTIA--(Marketwire - Aug. 31, 2011) - Silver Spruce Resources Inc. (TSX VENTURE:SSE)(FRANKFURT;S6Q) - Silver Spruce Resources Inc. is pleased to announce continued significant results from prospecting on the road accessible Pope's Hill (PH) rare earth element (REE) property, along the paved Trans Labrador Highway (TLH) approximately 100 km to the west of Happy Valley-Goose Bay in south central Labrador. Results were previously released on July 21 and August 9, 2011. A total of 153 samples have been submitted for analyses from the 100% owned PH property including 17 from regional exploration. Results are reported for the 136 samples along the MP trend on the original PH property. The regional results remain pending.
A government panel is working on a strategy to encourage discovery of rare earth elements in India, Economic Times has revealed: "The committee will look into the current availability of rare earth and energy critical elements and decide the strategy for production to ensure long-term raw material security. It will also encourage the recovery of ECEs which can be found as byproducts in the production of other minerals."
Sinocast reports China's market for rare earths has begun to see negative effects of its crazy growth this year with an increasing number of downstream players finding it difficult to make deals despite price cuts. Prices of certain elements such as cerium used to polish TV screens and lenses are down 10% over the summer after months of break-neck price hikes. Reuters reports China is in the midst of a crackdown on illegal miners and processors and the busy black market trade that have sprung up, but has struggled to impose a REE production cap, with actual annual output exceeding official quotas by 40% to 50% since 2007.
Isolated North Korea is desperate to earn some hard currency and look for rare earths in its borders with China.
Colorado Republican Rep. Mike Coffman has been the leading proponent of getting the United States back in the REE game, introducing the Restart Act of 2010, which gives loan guarantees to mining companies, expedites the permitting process, directs the U.S. Geological Survey to scour the country for more supplies, and sets up long-term contracts with the Department of Defense to buy up the REEs produced by American companies.
Quantum Rare Earth Developments announced results for two additional holes of the first of five drill holes from the spring/summer 2011 exploration program at the Elk Creek Niobium – REE Project, located in southeastern Nebraska, USA. Drill holes NEC11-002 and NEC11-003 are the remaining two of three holes which were completed to test the Elk Creek Niobium Deposit.
Wealth completes first phase of diamond drilling at Rodeo de los Molles rare earth element project, Argentina
Wealth Minerals Ltd. (the "Company" or "Wealth") (TSX VENTURE:WML)(FRANKFURT:EJZ) announces the completion of the first phase of diamond drilling at its Rodeo de los Molles ("Rodeo") Rare Earth Element ("REE") Project in San Luis Province, Argentina. The Phase I drilling consisted of 26 drill holes (975.5 metres) targeting outcropping, high-grade REE mineralization confirmed by channel saw sampling results (see Wealth News April 11, 2011 and July 7, 2011).
Saara Kuugongelwa- Amadhila THE mining industry has given Finance Minister Saara Kuugongelwa-Amadhila until Wednesday to reconsider her intended tax reforms before they alert investors worldwide to “the most devastating elements” of her “proposed
Molycorp, Inc. (NYSE: MCP), the Western hemisphere's only producer of rare earth oxides (REO) and the largest REO producer outside of China, announced that it has reached an agreement with Hitachi Metals to supply the company with rare earth magnetic materials, including Didymium (a mix of neodymium and praseodymium) metal and alloy, as well as Lanthanum Oxide.