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Freeport-McMoRan completes three-way business combination

By: Henry Lazenby US miner Freeport-McMoRan Copper & Gold on Monday said it had completed the final step of its $19-billion takeover of both Plains Exploration & Production (PXP), which closed on Friday and McMoRan Exploration (MMR), which closed on Monday. NYSE-listed Freeport said the transactions added a... 

Alternative rare earths remain elusive three years after curbs

By: Henry Lazenby Following the global economic downturn of 2008/9 and a series of events and press reports in 2010 that coined what some referred to as the “rare-earths crisis”, there has been a glut of new rare earths projects starting out, yet few have progressed up the value curve, and rare earths supplies in... 

Critical alternative rare earths sources remain elusive well after 2010 curbs 

By: Henry Lazenby Following the global economic downturn of 2008/09 and a series of events and press reports in 2010 that coined what some referred to as the “rare-earth crisis,” there has been a glut of new rare earths projects starting out, yet few have progressed up the value curve, and rare earths supplies in... 

Arizona Superior Court dismisses environmental lawsuit

By: Henry Lazenby Toronto-listed Curis Resources on Friday said the Maricopa County Superior Court, in Arizona, had dismissed a lawsuit brought against Curis and the Arizona Department of Environmental Quality (ADEQ), challenging the validity of regulations governing individual aquifer protection permits (APPs).... 

World’s largest Caterpillar dealer turns 80

By: Henry Lazenby This year Canadian mining equipment merchant and the world’s largest Caterpillar dealer Finning International celebrates its eightieth anniversary. On January 4, 1933, Earl B Finning used his experience in selling heavy equipment to become British Columbia’s (BC’s) first Caterpillar dealer. He... 

Gold in the Land Down Under

At the very height of the Californian Gold Rush it is estimated that of the 300,000 fortune hunters that flocked to the west coast of North America about one percent came from the British colony of New South Wales. Among such adventurers was a man by the name of Edward Hargraves. 

Freeport-McMoRan to acquire two explorers for $20bn

By: Henry Lazenby New York-listed Freeport-McMoRan on Wednesday said it would acquire Plains Exploration & Production and McMoRan Exploration in two separate cash-and-stock deals with a combined worth of about $9-billion, or $20-billion if assumed debt is also accounted for. The company said it had signed... 

Sutter Gold prepares for first pour in historic mining district

By: Simon Rees California’s glory days as a world-leading gold-producing region are long gone. Or are they? With the gold upside still very much in play, mines long thought played out or considered uneconomic are being reassessed. But unlike the stampede of the mid-nineteenth century, this is not a mad rush of... 

‘Gold! Gold! Gold on the American river’

On a fine spring morning in 1848 Samuel Brannan, an American settler, entrepreneur and journalist, paraded through the streets of the tiny village of San Francisco brandishing a small bottle of gold dust shouting, “Gold! Gold! Gold in the American River!”. Such was the flamboyant and calculated... 

Atna raises financing for Nevada properties to C$15m

By: Henry Lazenby Colorado-based Atna Resources on Wednesday said it had increased a previously announced financing to C$15-million, with an added over-allotment option totalling C$2.25-million. The bought deal public offering is intended to shore up funds for ongoing development work at the company’s Pinson and... 

Sarens South Africa

Specialist in heavy lifting, projects and mobile crane hire, Sarens South Africa is a subsidiary of the global Sarens Group.  

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

By: Henry Lazenby 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 Molycorp’s recent indication that it expected cash flow from... 

Rare-earth projects report abundant resources

By: Henry Lazenby 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 project, in Brazil. 

Rainy River bets on new Ontario gold play

By: Reuters 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 400 km south of Goldcorp's legendary Red Lake gold... 

$1.1m water treatment project complete

By: Gia Costella 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

By: Matthew Hill 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 Molycorp, reopening the Mountain Pass mine in... 

Frontier unveils impressive PEA at SA rare earths project

By: Matthew Hill 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 rate. According to the preliminary economic... 

Molycorp to start Mountain Pass plant this week

By: Matthew Hill 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 capacity, it will be the most technologically advanced,... 

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 ready for an update on 3Legs own drilling campaign.... 

Iamgold publishes maiden rare earths resource at Niobec

By: Matthew Hill 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 rock, has a grade of 1.65% total rare-earth oxides,... 

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

By: Matthew Hill 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 for the shares in the 20 days up to January 30. That... 

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) addition to TEP’s H. Wilson Sundt Generating Station... 

Fuel cells provide clean power, cut carbon, sustain jobs

By: Martin Creamer Hydrogen fuel cells using platinum catalysts are efficient, versatile and scaleable and represent a proven technology that bestows clean, reliable and cost-effective power.  

Fuel cells provide clean power, cut carbon, sustain jobs 

By: Martin Creamer Hydrogen fuel cells using platinum catalysts are efficient, versatile and scaleable and represent a proven technology that ensures clean, reliable and cost-effective power. This is a strong endorsement of the long-studied fuel-cell technology. Cynthia Carroll, CEO of the diversified Anglo... 

Armscor

By: Site Administrator Tenders arising from state arm procurement agency Armscor 

Rare-earth demand will return with lower prices, Molycorp says

By: Matthew Hill Molycorp, the biggest non-Chinese rare earths producer, said on Thursday it would bring production forward by three months at the Mountain Pass mine its refurbishing in California, hiking the capital cost by $114-million. In a presentation broadcast over the internet, CEO Mark Smith said that... 

Molycorp unveils heavy rare earths find

By: Matthew Hill NYSE-quoted Molycorp has discovered a heavy rare earth deposit near its Mountain Pass mine in California, it said on Tuesday. Heavy rare earths are scarcer than their light counterparts, and seen to be more critical, which is reflected in their pricing premium. 

US finds 1Mt rare earths deposit in Afghanistan

By: Matthew Hill The US Geological Survey (USGS) said on Wednesday it estimated there were at least one-million tons of rare earth elements contained in resources in Afghanistan’s restive Helmand province. According to the USGS, the carbonatite deposit host mainly light rare earth elements, namely lanthanum,... 

Molycorp, Frontier open rare earths offices in Asia

By: Matthew Hill Frontier Rare Earths, hoping to build a rare earths mine at its Zandkopsdrift project in South Africa, on Monday said it had opened an office in Shanghai, and hired a former China Minmetals manager with 18 years experience in rare earths. Vivian Wu, who most recently worked for Austrian... 

Molycorp inks new supply agreement with Hitachi

By: Matthew Hill Molycorp, developing a rare earths mine in California, on Friday said it signed an agreement with Hitachi Metals to supply the Japanese firm with rare earth magnetic materials for three years. The companies already had a supply agreement, which the new one added to and extended, Molycorp said. 

Molycorp ditches Hitachi magnets JV

By: Matthew Hill Molycorp, refurbishing the Mountain Pass rare earths mine in California, has abandoned talks with Japan’s Hitachi to build a rare earths magnet manufacturing facility in the US, but has started negotiating with other companies in this regard, CEO Mark Smith said on Thursday. The NYSE-listed... 

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