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By: Martin Creamer 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 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 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!”

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 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

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 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 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 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 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 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... 

Friedland talks up platinum, the creation of a ‘Platinum Valley’ in Limpopo

By: Henry Lazenby Outspoken financier and mining guru Robert Friedland is poised to make history in South Africa, as he envisions the creation of a ‘Platinum Valley’ in the platinum-rich Limpopo province that would be synonymous to hydrogen fuel cell manufacturing, as California’s Silicon Valley is to technology.... 

Waste-stripping programme pays off as Atna Resources lifts Q3 output

By: Henry Lazenby A waste stripping programme at TSX-listed Atna Resources’ Briggs mine, in California, has enabled the company to lift third-quarter gold output 45% over the previous quarter. The company on Thursday reported gold recovery for the three months ended September 30 had increased to 9 957 oz. 

Molycorp shares jump as it completes chloralkali plant

By: Henry Lazenby The NYSE-listed shares of North American rare earths producer Molycorp jumped 13%on Wednesday morning after the company announced that construction of its chloralkali plant at its flagship Mountain Pass operation, in California, is complete. The chloralkali plant would recycle wastewater and... 

Rare earths producers on the up as China is likely to buy next month

By: Henry Lazenby The stocks of North American rare-earth elements companies rose on Tuesday on overnight news that China was indeed likely to start buying billions of yuan rare earth minerals next month to bolster its strategic reserves. Around noon, the NYSE-listed stock of Molycorp was up $0.58 to $7.77... 

Company Announcement: GeoForum, Africa’s premier geological exchange takes place at the Turbine Hall in Newtown

By: Creamer Media Reporter This conference provides a platform for those involved in the geosciences to interact and share information on commodity explorations, developments in current mineral deposits and gain additional insight in Geoscience techniques from both academic and industry points of view. The geological... 

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... 

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... 

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... 

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