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....

Lynas upgrades Mount Weld resource

Rare earths miner Lynas has increased the mineral resource estimate for its Mount Weld project, in Western Australia, by some 37%. The project is now estimated to host a mineral resource of some 23.9-million tons, grading 7% rare-earth oxide, for...

Lower rare earths price healthy – Lynas CEO

Australia-based Lynas CEO Nicholas Curtis said on Wednesday that the recent price retracement for rare earths was a healthy development for the industry. He said rare earth prices, particularly those outside of China, had reached unsustainable...

Construction delays reported at Lynas’ Malaysia plant

Rare earths developer Lynas on Monday reported construction delays at its Lynas Advanced Materials Plant (LAMP), in Malaysia. The Australia-headquartered company said that delays in final procurement packages and associated delays in construction...

More community consultation needed in Malaysia, Lynas concedes

Rare earths developer Lynas chairperson Nicholas Curtis on Wednesday conceded that the company “probably didn’t do enough” community engagement in Malaysia before starting up its Lynas Advanced Materials Plant (LAMP). Curtis said on the...

Lynas reports first ore feed at Mount Weld

Mineral sands miner Lynas has reported first ore feed into its Mount Weld concentration plant, which would now yield rare earth concentrate for use in the Lynas Advanced Materials Plant (LAMP), in Malaysia. First feed into the LAMP kiln was...

Forge shares fall 49% as Lynas deal gets cancelled

Shares in explorer Forge Resources tumbled nearly 49% on Wednesday, after rare-earths developer Lynas terminated a A$20,7-million deal regarding the Crown and Swan deposits, which contain tantalum, niobium and phosphates. Lynas would have...

Lynas postpones shareholder meeting on Forge questions

Rare earths miner Lynas has postponed its planned shareholder meeting to vote on the proposed transaction with fellow listed Forge Resources, after shareholder enquiries. Lynas said on Wednesday that since the announcement of the proposed...

Australia approves Japanese investment in rare-earths miner Lynas

The Foreign Investment Review Board has given the go-ahead for Japan’s Sojitz Corporation and the Japan Oil, Gas and Metals National Corporation (Jogmec) to invest in rare-earths miner Lynas. Lynas executed a binding financing, distribution and...

Mount Weld deal ‘fair’, says Lynas-appointed expert

The proposed A$20,7-million Mount Weld deal, between ASX-listed Forge Resources and fellow-listed rare-earths miner Lynas, has received the nod from an independent expert. Lynas-appointed expert Grant Samuel has concluded that the proposed...

Explorers look to Africa as rare earths prices soar

Samarium is used in the navigation system of the US M1A2 Abrams tank. It is one of 15 rare-earth elements used in high-tech and renewable-energy devices, and its price increased by 1 256% over the 12 months to February 16. Samarium is only one...