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Molycorp defers second interest payment in 2 weeks

By: Henry Lazenby     15th June 2015 US rare earths producer Molycorp on Monday deferred making a second interest payment in two weeks. The Greenwood Village, Colorado-based miner said that it would take advantage of a 30-day grace period on a $3.36-million semi-annual interest payment related to its 3.25% senior unsecured... 

Molycorp expected to file for bankruptcy after missing payment

By: Henry Lazenby     1st June 2015 US rare earths producer Molycorp’s NYSE-listed stock fell by as much as 21% after the embattled company announced that it would miss a $32.5-million twice-yearly interest payment owed on Monday on its 10% senior secured notes due 2020. The nonpayment triggered a 30-day grace period, which certain... 

Molycorp stocks slide following wider Q1 loss, further financing needs

By: Henry Lazenby     8th May 2015 US integrated rare earths producer Molycorp’s NYSE-listed stock on Thursday slid 12.5% after the company reported a wider-than-expected first-quarter loss and confirmed that it would require further financing this year to meet its business plan and obligations as they became due. NYSE-listed... 

Tesla Motors reveals new range of household batteries, energy division

By: Henry Lazenby     1st May 2015 Clean energy leader Tesla Motors on Thursday night launched a new range of batteries that could power homes and commercial buildings at a fraction of the expected cost, highlighting the growing demand for the minerals, such as graphite, cobalt and lithium, required to make these batteries. Tesla... 

Molycorp stock falls on reporting Q4, FY loss

By: Henry Lazenby     17th March 2015 US rare earths producer Molycorp’s NYSE-listed stock on Monday fell more than 16.2% after the company reported that it had failed to make a profit for the third consecutive year. Greenwood Village, Colorado-based Molycorp reported a full-year 2014 net loss attributable to common stockholders of... 

Operations gather momentum at Atna’s Pinson mine

By: Henry Lazenby     10th March 2015 TSX-listed Atna Resources has reported substantial progress in the ramp-up of its operations at the Pinson mine, near Winnemucca, in Nevada, saying the operation has achieved several milestones since mining was restarted last June. Since the start of the year, the company had been able to add a... 

The International Certified Fraud Examiner’s (Cfe) Examination Preparation And Facilitation Course

     20th February 2015 The Professional Development Project of the Faculty of Law, UCT, is pleased to present a preparation course for the International CFE examination on behalf of the Association of Certified Fraud Examiners - SA Chapter. On 9 - 13 March 2015  |  23 - 27 March 2015 OR 12 - 16 October 2015  |  26 - 30... 

Lower prices spur rare earths consumption, supply remains constrained – USGS

By: Henry Lazenby     14th February 2015 Lower rare earths prices and the increased availability of rare-earth compounds led to increased US consumption in 2014, the US Geological Survey (USGS) has found. However, in its latest mineral commodity summary for the abundant group of 17 elements composed of scandium, yttrium and the... 

Race for Africa likened to 1848 California gold rush 

By: Martin Creamer     11th February 2015 The race for Africa has become like the California gold rush of 1848 with everyone dashing in to get a piece of the action, says Robin Saunders, the American financier and managing partner of Clearbrook Capital. Saunders, who addressed the 21st Mining Indaba in Cape Town this month, says that... 

Weir Minerals Floway Pumps introduces the VTSP- Vertical Turbine Slurry Pump

     11th February 2015 The patented VTSP design addresses the market need for an abrasives solids handling vertical turbine pump. Weir Minerals Floway Pumps introduces the new Floway® VTSP- vertical turbine slurry pump - addressing the industry demand for a longer lasting, abrasives solids handling vertical turbine... 

Golden Queen says California precious metals project on schedule

By: Creamer Media Reporter      26th November 2014 The Soledad Mountain gold and silver project near Mojave, in California, is proceeding on schedule, with processing facilities set to be commissioned in late 2015, TSX-listed Golden Queen Mining reported on Tuesday. The Vancouver-based company said its 50%-owned subsidiary, Golden Queen Mining... 

Natural treasures of the Gold Rush countries

By: Jade Davenport     14th November 2014 A buzz of excitement swept through the historic gold mining state of California, US, at the end of October, when a recently discovered 75 oz gold nugget was put on show and sold for about $400 000. According to the San Francisco Chronicle, the rare clump of gold, which has been christened the... 

Molycorp stock slides on disappointing earnings

By: Henry Lazenby     6th November 2014 US rare earths producer Molycorp’s NYSE-listed stock on Wednesday slid more than 19% in after-market trading following the publication of disappointing third-quarter results. Greenwood Village, Colorado-based Molycorp reported a net loss of $105.2-million, or $0.47 a share, for the three months... 

Drilling services provider secures NGL contract

     17th October 2014 Integrated exploration drilling services, equipment and performance tooling provider Boart Longyear was awarded a contract in August this year for drilling services at the renewable energy company Magnum’s Natural Gas Liquids (NGLs) Storage project at the Western Energy Hub, in Utah, in the US.... 

Nambia Rare Earths appoints Surratt as VP

By: Natalie Greve     7th October 2014 Toronto-listed Namibia Rare Earths has appointed former Mobil Corporation director Richard Surratt as VP of corporate development and strategic initiatives. Surratt has held several senior management positions with various public and private companies over the last 25 years, after having received... 

Next generation of graphite producers to partake in transformed market

By: Henry Lazenby     22nd August 2014 A wave of new graphite producers that have recently started or will start production in the coming years will participate in a significantly different market than that witnessed over the last several decades, as new technology is set to turn the status quo on its head. Independent consultant in... 

Eco Oro completes water treatment plant at Colombia flagship

By: Henry Lazenby     5th August 2014 Colombia-focused project promoter Eco Oro Minerals has completed the construction of a new wastewater treatment plant at its flagship Angostura project. Designed and built by companies from Bucaramanga and the region of California, the treatment plant provides integrated industrial wastewater... 

Potential in Peru phosphate deposit

     25th July 2014 California-based phosphate explorer Focus Ventures in January signed a formal option agreement for the acquisition of shares in Juan Paulo Quay (JPQ), the titleholders of the Bayovar 12 nonmetallic mining concession, in Peru. The concession has the potential to host a large sedimentary phosphate... 

US miner receives $500 000 investment

     25th July 2014 California-based mining company Brazil Minerals (BMIX) announced in May that it received $500 000 when it sold Gemological Institute of America- (GIA-) graded diamonds, common stock and two-year options to four investors. The GIA-graded diamonds will be delivered over time until December 2015.... 

Tyhee Gold to buy majority stake in Sutter Gold

By: Henry Lazenby     5th July 2014 TSX-listed Tyhee Gold on Friday announced that it had struck a deal with RMB Australia and TSX-V-listed Sutter Gold Mining to acquire the shares of Sutter currently held by RMB and its affiliates. Vancouver-based Tyhee said subject to certain conditions, it would also acquire all of the Sutter... 

US soda ash producers aim to capture more market share with cleaner footprint

By: Henry Lazenby     26th June 2014 The US soda ash industry is an export success story, with the export market being critical for growing the industry in the face of a stagnant domestic market. Soda ash, or sodium carbonate, which was first used by the Egyptians to make glass containers from trona ore and by the early Romans as an... 

Coal miner warns power-plant rules could place US economy at risk

By: Henry Lazenby     20th June 2014 US coal producer Arch Coal has joined the fray in commenting on the US Environmental Protection Agency's (EPA’s) proposed greenhouse-gas (GHG) regulations announced in early June, saying the plan for regulating GHG would place the entire US economy at serious risk. 

Giyani Gold secures C$25m for potential strategic acquisitions

By: Henry Lazenby     11th June 2014 Canadian explorer Giyani Gold on Wednesday reported that a private placement with California-based Lambert Private Equity had secured C$25-million to better equip the company to act on potential merger and acquisition opportunities. The Oakville, Ontario-based firm, which is listed on the TSX-V,... 

EPA greenhouse regulations to place US economy at risk – Arch Coal

By: Henry Lazenby     9th June 2014 US coal producer Arch Coal on Monday joined the fray in commenting on the US Environmental Protection Agency's (EPA’s) proposed greenhouse-gas (GHG) regulations announced a week ago, saying the plan for regulating GHG would place the entire US economy at serious risk. The NYSE-listed coal... 

Grid storage solutions could soon become multibillion-dollar industry

By: Henry Lazenby     29th May 2014 The burgeoning North American grid energy storage market could develop into a multibillion-dollar industry in a matter of a few years, with several companies positioning themselves to vie for the handful of first-mover clients. One company potentially leading the fray is Vancouver-based American... 

Mark Brune

By: Chantelle Kotze     25th April 2014 Main Activity of the Company: Gold extraction from hard rock opencast mining and hydraulic tailings mining, as well as recently recommissioned historic underground shafts Date and Place of Birth: July 12, 1965, California, USA Education: BA Business Administration, Auburn University, USA; MBA... 

Klondex strikes toll milling agreement with French Gulch Nevada Mining

By: Henry Lazenby     23rd April 2014 TSX-listed Klondex Mines on Wednesday announced that it had struck a toll milling agreement with French Gulch Nevada Mining to process gravity concentrates produced from the Washington mine at Klondex's Midas mill. Under terms of the one-year accord that had already taken effect last week,... 

Frank Gregory

By: Martin Creamer     11th April 2014 Main Activity of the Company: An independent and privately owned firm providing ‘one-stop’ technical advisory services to the mining industry across the globe with particular emphasis on geology and mineral resources, mining engineering, process engineering and techno-economic modeling. Services... 

New Gold finishes 2013 strongly, reports 127% rise in gold reserves per share

By: Henry Lazenby     7th February 2014 TSX- and NYSE-listed New Gold on Thursday reported that it had finished 2013 with a strong performance from its four operations, adding that it had lifted its gold reserves per share by 127%. During the three months ended December 31, Vancouver-based New Gold reported consolidated output of 106... 

Rare snail could impact on Golden Queen’s California flagship

By: Henry Lazenby     3rd February 2014 An emergency petition filed with the United States Fish and Wildlife Service (USFWS) could potentially have a negative impact on TSX-listed Golden Queen Mining’s flagship Soledad Mountain precious metals project, in California. The Vancouver-based firm on Monday said that the Centre for... 

“There’s Gold in Them There ……Stars!”

     7th January 2014 This may be a play on a quote to encourage the original gold rush miners in Georgia in the 19th century not to head off for the gold mining opportunities in California, but there is definitely some truth in it with the latest developments in the industry looking to the stars to source untapped... 

Rio appoints Lilleyman as new T&I group exec

By: Esmarie Swanepoel     10th December 2013 Diversified miner Rio Tinto has appointed Greg Lilleyman the new group executive for technology and innovation (T&I), taking over from Preston Chiaro, who retires at the end of March 2014. Lilleyman’s appointment would become effective from January 2014. 

Largest Known Rare Earth Mineral Deposit Discovered

     4th December 2013 SRE Minerals Limited announces the results of exploration and studies in collaboration with the Korea Natural Resources Trading Corporation of the Democratic People’s Republic of Korea SRE Minerals Limited (“SRE” or “the company”) announced today their joint venture agreement with the Korea... 

South Africa’s mining sector a ‘sunrise industry’ – Motlanthe

By: Henry Lazenby     27th November 2013 Despite some of South Africa’s mining sector critics pointing out the negatives, South African Deputy President Kgalema Motlanthe, who is on an official State visit to Canada, on Tuesday conversely endeavoured to lift out the positives, saying a lot of progress had been made in transforming the... 

Atna Resources swings to Q3 loss

By: Henry Lazenby     11th November 2013 TSX-listed Atna Resources on Monday reported a net loss of $1.2-million, or $0.01 a share, compared with profit of $147 200 oz, or $0.01 a share, in the same quarter of 2012, mainly owing to interest expense and a realised loss on derivatives. For the three months ended September 30, the Golden,... 

Molycorp widens loss, sees a flicker of market improvement

By: Henry Lazenby     8th November 2013 North America’s only rare earth elements producer Molycorp, which operates its flagship Mountain Pass mine, in California, had widened its third-quarter loss as revenue dwindled year-on-year on lower sales and prices. For the three months ended September 30, Molycorp reported a loss of... 

New Gold achieves historic lowest-cost quarter

By: Henry Lazenby     21st October 2013 Intermediate gold miner New Gold has achieved its lowest-cost quarter yet, with all-inclusive sustaining cash costs over all four its operations touching $779/oz of gold, which was down 10% when compared with the same three months ended September 30, a year earlier. The TSX- and NYSE-listed... 

Molycorp warns market of possible negative Q3 cash flow, shares dive

By: Henry Lazenby     15th October 2013 US-based rare-earth elements producer Molycorp on Tuesday warned that its expected third-quarter cash-flow requirements might be insufficient to meet its capital expansion and operating expenditures at its flagship Mountain Pass mine, in California, prompting it to announce a $200-million stock... 

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