And you thought Molycorp had it tough: Some Chinese REE miners report 90% drop in earnings
Downstream companies are playing a wait and see game, hoping to capitalize if rare earth prices decline further.
Latest Stories
China and India go soft on gold as worldwide demand sinks 7% in Q2
Worldwide demand for gold in the second quarter of 2012 fell to 990.0t, down 7% in comparison to last year said the […]
Obama and Buffett are anti-market fascists: Rick Rule
Attention-getter Rick Rule had choice words when asked about Warren Buffett, who said that President Barack Obama is “not anti-business.” “There is […]
Cleaning up heavy metals using worms
Worm composts are not just for kitchen waste, since the bugs also happen to be good at absorbing heavy metals, according to […]
Death toll climbs to 28 at Lonmin mine
South African police began firing on a surging crowd of workers leaving 18 people dead.
Egypt to issue tenders for foreign gold explorers
The Egyptian Mineral Resources Authority plans to issue international tenders in September to explore for gold in seven areas in Egypt's Eastern Desert and Marsa Alam regions in the south where it has identified deposits.
Weak markets force Alrosa to dump stock in state repository for the first time since 2009
Alrosa said the sales were a measure aimed at maintaining acceptable price levels as the company's clients signaled that they were experiencing financial trouble in 2H 2011.
60 dead after landslide at Congo gold mine
"Illegal miners rushed to be the first in the bottom of the pit but the sides collapsed, burying them all."
Investors cheer Barrick’s plans to sell African Barrick to China
Barrick Gold was trading up 3.8% in heavy volumes in Toronto and African Barrick Gold shot up 8% after Barrick confirmed that it is in early talks with China National Gold Group regarding its 74% holding in ABG.
