December 2, 2011

Goldman says commodities to rally in 2012

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…

December 1, 2011

Lynas protests spread to Sydney

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.

November 30, 2011

Stocks rally, lifting commodities

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.…

November 29, 2011

Molycorp, Daido, Mitsubishi form next generation rare earth magnets JV

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.

November 28, 2011

Pathe to replace Delaney as Sherritt’s retiring chief

David V. Pathe will take over as Sherritt International Corp.’s chief executive officer from the retiring Ian W. Delaney effective Jan. 1, the company said in a statement.

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.