November 25, 2011

Samsung considering $2.2 billion investment in Australian nickel/cobalt mine

Powerful Korean conglomerate Samsung Group is said to be considering a $2.2 billion investment in an Australian nickel and cobalt mine, The Australian is reporting.

November 24, 2011

Exploration budgets up 50%- surging to new all-time high

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.

November 24, 2011

Try keeping a poker face while bidding on this $150,000 diamond and meteorite slice gambling set

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…

November 24, 2011

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…

November 22, 2011

20 tonnes of cobalt stolen in Antwerp

A container with 20 tonnes of cobalt was stolen from the MSC shipping company site in the Antwerp harbour, Scheldelaan, quay 730 on November 14 said the Belgian police.

November 21, 2011

Royal Energy Resources, Inc. (ROYE) Obtains Lease Approval of Rare Earth Property

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…

November 18, 2011

China’s rare-earth domination keeps wind industry on its toes

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.…

November 16, 2011

Rare earth prices plunging as manufacturers turn to substitutes

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…

November 16, 2011

EU study says China’s grip on rare earths could choke green energy plans

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…

November 16, 2011

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...