In response to growing unease over supply of critical metals for high-tech manufacturing and green technologies, the British Geological Survey (BGS) and the University of Exeter have agreed to join forces in a new initiative to improve research capability in this vital area. The ‘Critical Metals Alliance' agreement signed on December 13, 2011 consolidates long-term links between the British Geological Survey and the University of Exeter/Camborne School of Mines (CSM).
Rare Earth Mining News
Cows shrinking to the point they turn into cats and villagers wrapped in do-it-yourself anti-radiation suits are only some of the effects of allowingAustralia's Lynas Corporation to open a rare earths plant inMalaysia, according to not-so-subtle protest short satirical films populating YouTube these days.
Rare Earth Metals Inc. ("Rare Earth Metals", "RA" or the "Company") (TSX VENTURE:RA)(PINKSHEETS:RAREF)(OTCQX:RAREF) is pleased to announce the first NI 43-101 compliant independent resource estimate for the Two Tom REE - Niobium - Beryllium Deposit at the Red Wine property, located approximately 110 kilometres northeast of Churchill Falls in west central Labrador.
Toyota Tsusho Corp., the trading company of the Asia’s largest automaker, will help accelerate production of rare-earth metals for Canadian mining company Matamec Explorations Inc. and buy all the output from its Kipawa mine.
Australia-based Greenland Minerals and Energy Ltd (GME) stocks went up 10 per cent on the ASX from 58 cents to 64 cents on Monday, after the company announced it could start producing uranium on its Kvanefjeld property in Greenland.
A commodity is something that has universal definition and demand. Everyone knows what food is, and everybody wants it. Nearly everyone in the world knows what gold is, and nearly all of them want it. The same is true for oil, steel, copper... the list goes on.
Goldman Sachs Group forecast that commodities may rally 15% in the next 12 months, sticking with an “overweight” recommendation on raw materials and predicting Brent crude may surge to highest level since 2008.
A small group of protestors converged on Lynas Corporation’s annual general meeting in Sydney yesterday in opposition to the company’s rare earth refinery in Malaysia.
North American stock exchanges are on a tear today after central banks made more funds available to lenders, giving investors hope for a way out of the European debt debacle. The markets were also cheered by better than expected private sector job growth in the United States. The mining-heavy S&P/TSX Composite was up 2.5% to just over 12,000 at time of writing. The Dow Jones Industrial Average gained 384 points, or 3.3%, the most on a closing basis since Aug. 11, according to Bloomberg. Spot gold was up $32 from yesterday to $1747 which is just above the 20-day moving average of $1744, noted Kitco. Silver was up marginally to $32.86 from yesterday's $31.92, while benchmark copper was up more than 5% to a two-week high of $7,885/tonne. Zinc, lead, aluminum and nickel were also up from Tuesday.
Molycorp, Daido Steel, and Mitsubishi have formed a joint venture to manufacture and sell next-generation neodymium-iron-boron (NdFeB) permanent rare earth magnets, producing greater performance with less reliance on dysprosium.
According to Metals Economics Group’s (MEG) 22nd edition of Corporate Exploration Strategies (CES), the estimated total 2011 budget for nonferrous metals exploration surged to $18.2 billion.
One of the more unique lots at Christie's Magnificent Jewels auction on November 29 in Hong Kong is likely to be a set of poker chips made by the Swedish artist and jeweller Kristian Ståhl. The 120 chips are made of 18K white gold and are set with a total of 5,160 calibrated top-quality diamonds, rubies and sapphires. But what makes the set truly unique is that each chip was sliced from the 1 million year old Muonionalusta meteorite that contains iron, nickel and rare earths. The set is estimated at $100,000 – $150,000 and Stahl said he was inspired to create it after his Siberian mammoth ivory dice sold well at auction last year.
Major Processing Design Improvements Boost Recovery of Critical Rare Earths at Pele Mountain’s Eco Ridge Mine Project
Pele Mountain Resources Inc. (TSX Venture: GEM; OTCQX: GOLDF) (“Pele” or the “Company”) today announced that processing design improvements have resulted in sharply higher recoveries of critical rare earth oxides (“REO”), including neodymium, dysprosium and yttrium oxides, (Pele’s “Big 3 REO”) at its Eco Ridge Mine Rare Earths and Uranium Project (“Eco Ridge” or the “Project”) in Elliot Lake,Ontario.
Royal Energy Resources, Inc. (OTCBB:ROYE) today announced that the company obtained approval from the state board of Wyoming for an all out lease of 2,100 acres of the Crook County Rare Earth property. The rare earth property is believed to host rare earth elements (REE's) and Precious Metals.
Wind turbine manufacturers are scrambling to find alternatives to a key element used in direct-drive permanent magnet generators (PMGs), thanks to skyrocketing prices and diminishing supplies of crucial rare earths. China currently provides 94% of the world's rare earths, including neodymium and dysprosium, which are used in the magnets for direct-drive wind turbine motors. However, the Chinese government has put new restrictions on rare-earth mining that have resulted in lower supply levels, according to a report from research firm Roskill Information Services (RIS).
The prices of rare earth elements, which have enjoyed a three-year run, are dropping rapidly, reports New York Times. The reason, says The Times, is on the manufacturing side, as big companies in the US, Europe and Japan that use REES in manufacturing move operations to China, draw down inventories, and look for lower-cost substitutes: International prices for some light rare earths, like cerium and lanthanum, used in the polishing of flat-screen televisions and the refining of oil, respectively, have fallen as much as two-thirds since August and are still dropping. Prices have declined by roughly one-third since then for highly magnetic rare earths, like neodymium, needed for products like smartphones, computers and large wind turbines.
A new European study says supply shortfalls of rare-earth elements over the next two decades put at risk the EU's ambitious plans to expand the production of solar, wind and green transport technologies and implement carbon-capture systems. According to the EU's Joint Research Centre, solar will require half the current world supply of tellurium and 25% of the supply of indium, while Europe’s wind energy programme which is supposed to power all of the continents 240 million households within 20 years need a steady supply of neodymium and dysprosium. China controls 95% of the globe's rare earth output in 2010 produced more solar panels than the rest of the world combined.
Pancontinental Uranium Corporation: Charley Creek project update-potential for large alluvial REE deposits
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 16, 2011) - Pancontinental Uranium Corporation (TSX VENTURE:PUC) ("Pancon") and its Joint Venture partner, Crossland Uranium Mines Limited (ASX:CUX) ("Crossland"), the operator, are pleased t...
THUNDER BAY, ONTARIO--(Marketwire - Nov. 16, 2011) - Rare Earth Metals Inc. ("Rare Earth Metals", "RA" or the "Company") (TSX VENTURE:RA)(PINK SHEETS: RAREF)(OTCQX: RAREF) is pleased to report results from the final ten drill holes completed on the Two Tom Mineralized Zone at the Red Wine property, located approximately 110 kilometers northeast of Churchill Falls in west central Labrador. A total of 23 holes have now been drilled on the Two Tom REE/Beryllium/Niobium Zone. This total includes ten holes completed in 2010 and thirteen holes completed between June and September, 2011. All holes intersected the tabular zone. Of particular note is hole TT-15b which intersected 1.68% TREO, 0.21% Nb2O5 and 0.19% BeO over 175.5 meters including a higher grade intersection of 2.15% TREO, 0.27% Nb2O5 and 0.24% BeO over 120.0 meters.
SASKATOON, SASKATCHEWAN--(Marketwire - Nov. 16, 2011) - Great Western Minerals Group Ltd. ("GWMG" or the "Company") (TSX VENTURE:GWG) (OTCQX:GWMGF) is pleased to announce the appointment of Kwaw Kabaah as Mine Manager at the Company's Steenkampskraal mine operation in South Africa. Mr. Kabaah, who reports to David Kennedy, Chief Executive Officer of Rareco, GWMG's wholly-owned subsidiary, is responsible for the management, control and day-to-day operations at the Steenkampskraal mine.
Montero Announces Infill Drilling Results of 11.7m at 7.35% TREO at the Wigu Hill Rare Earth Project in Tanzania
TORONTO, ONTARIO--(Marketwire - Nov. 15, 2011) - Montero Mining and Exploration Ltd. (TSX VENTURE:MON) ("Montero") has completed an infill drilling program at the Twiga Zone at the Wigu Hill Rare Earth Project in Tanzania. Infill drilling ...
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 15, 2011) - International Montoro Resources Inc. ("Montoro") (TSX VENTURE:IMT)(PINK SHEETS:IMTFF)(FRANKFURT:O4T) has acquired through staking an additional 4 claims covering over 4,500 acres, due west of its previously acquired Carbo group in 'The Rocky Mountain Rare Metal Belt' northeast of Prince George, British Columbia.
TORONTO, ONTARIO--(Marketwire - Nov. 15, 2011) - Frontier Rare Earths Limited (TSX:FRO)(TSX:FRO.WT) is pleased to provide an update on operational progress at its Zandkopsdrift rare earth element project in South Africa and related corporate activities. "We are very encouraged by the progress of work on the preliminary economic assessment for our flagship Zandkopsdrift project, and expect to announce the results early next year," said Mr. James Kenny, President and CEO of Frontier Rare Earths. "We believe that the PEA will clearly demonstrate the significant economic potential of Zandkopsdrift and this will leave Frontier well positioned to become one of the major producers of rare earths globally commencing in 2015."
Macauhub reports Australian company Southern Cross Resources said Wednesday that its concession in Xiluvo, Mozambique, some 110 kilometres from the port of Beira, had reserves of rare earth elements of 1.1 million tons.
Hastings Rare Metals Limited (ASX:HAS) announces significant rare earth results at Yangibana project
Hastings Rare Metals Limited (ASX:HAS) announces the results of a recent sampling programme at the Yangibana Project in Western Australia. Assays return up to 12.8% total rare earth oxides, confirming the potential for a high neodymium oxide resource. The Company is considering a major drilling programme to further define the drilled targets and establish JORC-compliant resources in 2012.