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...

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...

Rare earths demand to surge 33% by 2016, says Kingsnorth

Demand for rare-earth elements, used in a wide range of technologies from precision missiles to iPhones, will grow by about 33% from 2012 to 160 000 t in 2016, Industrial Minerals Company of Australia director Dudley Kingsnorth said on Thursday....

Great Western finalises rare-earths deal with Chinese company

Great Western Minerals said on Tuesday it penned a joint venture pact with Ganzhou Qiandong Rare Earth Group, a Chinese firm, to build a separations plant to process material from the TSX-V-listed company’s Steenkampskraal operation in South...

Molycorp ties more product into purchase agreements

Rare earths miner Molycorp said on Tuesday it has signed offtake agreements for 58% of its phase-one production at the Mountain Pass mine. The company has also allocated one-fifth of the 19 050 first-phase output to produce its trademark Xsorbx...

Great Western appoints engineers for plant design

TSX-listed Great Western Minerals on Wednesday said it hired engineering firm DRA Mineral Projects to design the processing plant at its Steenkampskraal rare earths mine in South Africa. The plant will produce a clean rare earth chloride to be...

Elissa to drill at Nevada rare earths project by year end

TSX V-listed Elisa Resources aims to start drilling at its Thor rare earth elements property in Nevada’s Mojave Desert region – just 26 km east of Molycorp’s Mountain Pass mine – by the end of the year. CEO Paul McKenzie said in an...

Montero could produce Tanzanian rare earths in 2012 - CEO

Montero Mining, which owns a rare earth project in Tanzania, is accelerating its development plans, and believes it can have a small mine up and running at its Wigu Hill project as early as 2012, CEO Tony Harwood said in an interview on...

Molycorp insider share dump 'abandonment' - analyst

Insiders selling up to 24% of Molycorp’s outstanding shares is “an abandonment”, and could signal the stock has peaked, an analyst said on Wednesday. While it could be argued that the core shareholders bought into the company at far lower...

No immediate funding needs - Avalon

TSX-listed Avalon Rare Metals, which last week issued a shelf prospectus that allows it to raise up to $500-million over the next two years from selling shares, said on Tuesday it has no immediate plans to raise funds, but will need to over the...

Nuclear approval in hand, Great Western to accelerate SA rare-earths project

Rare-earths junior Great Western Minerals on Monday announced it has received a green light from South Africa’s National Nuclear Regulator for its Steenkampskraal project in the Western Cape, allowing the company to start refurbishing the mine...

Tasman to seek rare earth partners next year

Tasman Metals, which owns the Norra Kärr rare earth project in Sweden, plans on listing on the Amex in the next two or three months, and will start talking to potential partners to fund and build a processing plant at the project in mid-2012, CEO...