Acacia pokes holes in Barrick’s takeover bid, still open to “fair” offer

South America has long been a home away from home for North American-listed mineral explorers, developers and miners.

No value was put on the agreement but the Chinese company will also have the right to purchase 3,000 tonnes of rare earth products from the project within three years of production.

The importance of rare earths, has been thrust into the spotlight in recent weeks as China mulls whether to use its position as the world’s dominant supplier as a counter in its trade war with Washington.

The talks with GV Gold would be Fosun’s second attempt to acquire a stake in a Russian gold miner.

The Vancouver-based miner said that a geophysical contractor has been mobilized to the Resguardo project.

The Vancouver-based miner says the acquisition fits its long-term goals.

German utility RWE AG is reviewing damage done by environmental campaigners who accessed the company’s Garzweiler open-pit mine in Germany’s Rhineland on Saturday.

The unions went on strike eight days earlier after initial negotiations over a new collective labor contract failed.

The company's decision to stockpile Neodymium Praseodymium (NdPr), used in industrial magnets, was to help it consolidate its position as a preferred supplier to customers outside China.