S&P’s downgrades Molycorp’s credit rating to CCC+

Ratings agency Standard & Poor’s (S&P’s) on Monday lowered its ratings on Colorado-based rare earths miner and processor Molycorp to ‘CCC+’ from ‘B’ and placed the ratings on CreditWatch with developing implications. The agency cited...

Rare-earth projects report abundant resources

Brazil- and Latin America-focused phosphate and fertiliser producer MBAC Fertilizer on Tuesday said it had established a combined measured and indicated mineral resource of 6.34-million tons, grading 5.01% total rare-earth oxides for the Araxá...

Rainy River bets on new Ontario gold play

Canadian gold exploration company Rainy River Resources believes it has stumbled on to a whole new gold district in northern Ontario, where it is developing its flagship Rainy River project, CEO Raymond Threlkeld said. The project, located about...

$1.1m water treatment project complete

Local engineering specialists, Procon, have completed the installation of a $1.1-million water separation system for international mining giant Vale’s $2-billion Moatize coal-mining project, in Tete, Mozambique.

Molycorp to buy Neo Materials for $1.3bn

Much has been said about potential consolidation in the rare earths sector, and Molycorp on Thursday made the first big one, agreeing to buy Canada’s Neo Material Technologies in a $1.3-billion cash and shares friendly deal. The purchase gives...

Frontier unveils impressive PEA at SA rare earths project

Toronto-quoted Frontier Rare Earths on Tuesday announced the positive results of a scoping study at its Zandkopsdrift project in South Africa’s Northern Cape, which gave the asset a $3.65-billion after-tax net present value at an 11% discount...

Molycorp to start Mountain Pass plant this week

Rare earths miner Molycorp will embark on the staged start-up of the new plant at its Mountain Pass mine this week, well ahead of schedule, the company said on Tuesday. “When this new manufacturing facility is complete and running at full...

Company Announcement: Featuring 3Legs Res, Tower Res and EMED Mining

Saints & Sinners 
 
Oil & Gas 3Legs Resources (LON:3LEG) jumped 14% to 72p before lunch on decent volume. Possibly these are playing catch up to the recent run in San Leon, who are drilling nearby in Poland, or possibly the market is getting...

Iamgold publishes maiden rare earths resource at Niobec

TORONTO (miningweekly.com) – Midtier precious metals producer Iamgold Corporation on Thursday said it had a 466.8-million ton rare-earth element resource at a deposit just north of its Niobec mine in Quebec. The resource, hosted in carbonatite...

Molycorp says Chile's Molymet buys 13% of company for $390m

Rare earths producer Molycorp said on Wednesday Chile’s Molibdenos y Metales (Molymet) would buy 12.5-million shares of the Greenwood Village, Colorado-based company for $390-million – a 10% premium to the volume weighted average trading price...

Company Announcement: TEP Selects AREVA Solar as Technology Partner for Innovative CSP Booster Project

Tucson to gain jobs; project to advance U.S. solar hybrid power plant market TUCSON, Arizona and MOUNTAIN VIEW, Calif., Jan. 31, 2012 – Tucson Electric Power (TEP) is partnering with AREVA Solar on an innovative concentrated solar power (CSP)...

International

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