R/€ = 19.4609 Change: 0.0323
R/$ = 17.8576 Change: 0.0574
Au 1978.80 $/oz Change: -1.65
Pt 983.23 $/oz Change: 14.64

Rare Earth Minerals News

Critical metals for low-carbon economy being studied across 12 universities  

By: Martin Creamer     30th March 2023 A consortium across a dozen South African universities has the spotlight on critical metals for a low-carbon future. At a time when the mining world is focused firmly on the availability of critical metals to arrest global temperature increases, South Africa’s Centre of Excellence for Integrated... 

Australia risks losing pole position in critical minerals race

By: Reuters     30th March 2023 Australia is at risk of losing its head start in critical minerals processing because it has not yet laid down a national strategy, even as other governments are splashing out incentives to grab market share and bolster security. Supplier of nearly half of the world's lithium, Australia is also... 

Mining needs truth-and-reconciliation approach to ESG, says Rifle-Shot’s Naidoo  

By: Martin Creamer     29th March 2023 Mining companies need to approach environmental, social and governance (ESG) principles on a truth and reconciliation footing and be honest about where they are on a scale of one to 10, says Rifle-Shot Performance business development director Dilley Naidoo. Naidoo, who spoke to Mining Weekly on... 

Rifle-Shot Performance Business Development Director Dilley Naidoo.
Rifle-Shot’s Dilley Naidoo interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Nolans draws German funding interest

By: Esmarie Iannucci     29th March 2023 German export credit agency Euler Hermes Aktiengesellschaft has provided rare earths developer Arafura Rare Earths a non-binding letter of in-principle support for a untied loan guarantee of up to $600-million to support the Nolans project, in the Northern Territory. The untied loan guarantee of... 

Globe clears MDA hurdle in Malawi

By: Esmarie Iannucci     29th March 2023 The government of Malawi has approved the Mining Development Agreement (MDA) for the Kanyika niobium project being developed by ASX-listed Globe Metals & Mining. Globe said on Wednesday that the approval of the MDA was a significant milestone for the company, and with all other approvals in... 

Mining necessary for green future - Minister

By: Esmarie Iannucci     29th March 2023 Federal Resources Minister Madeleine King has highlighted the significant role that the resources sector would play in global decarbonisation efforts, in a statement to Parliament. “In order to decarbonise, the world needs our resources industry and our critical minerals,” Minister King said. 

Image shows a mining haul truck

Platinum group metals can add million South African jobs plus R8-trillion to economy  

By: Martin Creamer     28th March 2023 Collaborative marketing of platinum group metals (PGMs) has the potential to add a million more South African jobs and contribute R8-trillion more to the economy as the world greens and lowers carbon intensity. The combination of green hydrogen displacing natural gas and fuel cell electric... 

Platinum group metals can boost South African jobs and economic growth.
PGM Industry Day covered by Mining Weekly’s Martin Creamer. Video editing: Darlene Creamer.

Lindian raises funds for Malawi rare earths project

By: Esmarie Iannucci     27th March 2023 ASX-listed Lindian Resources will raise A$9-million in a private placement to fund the acquisition of key equipment and long-lead time items for its Stage 1 concentrate processing facility at the Kangankunde rare earths project, in Malawi. The company will raise A$8.5-million through the... 

Ministers agree to coordinate critical minerals efforts

By: Esmarie Iannucci     24th March 2023 Australia’s federal, state and territory resources and mining ministers have agreed to coordinate efforts to support the development of Australia’s critical minerals sector following a critical minerals roundtable in Perth. Resources Minister Madeleine King said on Friday that the development of... 

Sierra Rutile replaces 2022 production

By: Esmarie Iannucci     24th March 2023 ASX-listed Sierra Rutile Holdings has replaced its 2022 production from its Area 1 operation, in Sierra Leone, following pit optimisation and pit design work. “Thanks to optimisation work on our future mine plan updated for current market pricing, we are in the favourable position of having... 

WA opens investment platform for global investors

By: Esmarie Iannucci     24th March 2023 The Western Australian government is launching a new online platform that promotes investment-ready projects with a value above A$10-million. Launching with more than 35 projects that have a combined value of approximately $6 billion, WA Investments provides global audiences easy access to the... 

Galileo identifies four lithium, tin, rare earth anomalies on Kamativi licence

By: Marleny Arnoldi     23rd March 2023 London-listed Galileo Resources has delineated four significant lithium, tin and rare earth element anomalies on the Kamativi licence, in Zimbabwe, that warrant further investigation. The licence covers an area of 520 km2 in western Zimbabwe.  

Marula appoints technical consultant, lawyers in preparation for Aim listing

By: Donna Slater     23rd March 2023 Africa-focused miner and developer Marula Mining is preparing to list on the LSE’s Aim and has appointed mining and environmental consultancy MSA Group as the technical consultant for the listing process. MSA Group, which provides services such as exploration, geology, mineral resource and... 

Exploration licence granted for Kvanefjeld

By: Esmarie Iannucci     23rd March 2023 ASX-listed Energy Transition Minerals has been granted a three-year renewal of the exploration licence covering its Kvanefjeld rare earth element project, in Greenland. Greenland’s Mineral License and Safety Authority has confirmed that the Act banning uranium prospecting, exploration and... 

Galileo expects Glenover disposal to be finalised by end-July

By: Marleny Arnoldi     22nd March 2023 London-listed Galileo Resources has advised that the South African Competition Commission has granted approval for Galileo to sell all shares in its 36%-owned Glenover Phosphate subsidiary to diversified miner Afrimat for R300-million, or £13.3-million. The remaining suspensive conditions for... 

Kenmare reports ‘record year’ in 2022 financial results

By: Darren Parker     22nd March 2023 London-listed titanium minerals and zircon producer Kenmare Resources MD Michael Carvill says the company’s preliminary results for the 12 months to December 31, 2022, were driven by steady production volumes and record product prices, which saw the company’s mineral product revenues increase by... 

WA eager to maintain critical minerals status

By: Esmarie Iannucci     22nd March 2023 Western Australia is hoping to maintain its position as a major producer of critical minerals into the future. Speaking at the second day of Paydirt’s Battery Minerals conference, in Perth, Western Australian Minister for Mines and Petroleum Bill Johnston said that the government was investing... 

Image shows a hand holding rare earth ore

Critical Mineral Strategy due soon - Minister

By: Esmarie Iannucci     21st March 2023 The federal government is hoping to deliver its new Critical Minerals Strategy in the first half of this year, Resources Minister Madeleine King told delegates at the first day of the Paydirt Battery Minerals Conference. It is envisioned that the Strategy would focus on the government’s vision... 

Tesla's vision of EVs without rare earths will spur magnet race

By: Bloomberg     20th March 2023 Tesla’s ambition to remove rare earths from future models has producers in the sector reeling, but it also should spur global efforts to deliver alternatives for electric car motors that currently rely on the materials. Model 3 and Model Y powertrains have already reduced consumption of heavy... 

Rainbow upgrades Phalaborwa resource estimate, progresses pilot plant build

By: Donna Slater     20th March 2023 London-based Rainbow Rare Earths has increased the mineral resource estimate of its Phalaborwa rare earths project, in Limpopo, to a measured and indicated 30.4-million tonnes at 0.44% total rare earth oxide (TREO), with the high-value, permanent magnet elements neodymium and praseodymium... 

Ionic's Uganda project proves profitable

By: Esmarie Iannucci     20th March 2023 The Stage 1 development of the Makuutu rare earths project, in Uganda, will require a capital investment of $120.8-million to support the five-million tonne a year project, which would deliver40 090 t of rare earth oxide equivalent product. ASX-listed Ionic Rare Earths on Monday told... 

Banking has crucial role to play in enabling mining to transition to clean energy, says Nedbank CIB 

By: Martin Creamer     14th March 2023 The banking sector has a crucial role to play in enabling mining companies to transition to clean energy fully, says Nedbank Corporate and Investment Banking (CIB) principal for sustainable finance solutions Telvina Naidoo. “Innovative funding structures and sustainable-finance solutions can help... 

Nedbank Corporate and Investment Banking (CIB) principal for sustainable finance solutions Telvina Naidoo.
Nedbank Corporate and Investment Banking (CIB) principal for sustainable finance solutions Telvina Naidoo.

Re-pursue exploration to help re-build South Africa’s economy, says business booster   

By: Martin Creamer     13th March 2023 Let us re-pursue the exploration investment that catalysed South Africa’s economic growth more than a century ago as a means of helping to rebuild South Africa’s struggling economy. That is among the ardent messages put over by mining sector performance enhancer Dilley Naidoo, the the director of... 

Dilley Naidoo, Director of Business Development, Rifle-Shot Performance.
Rifle-Shot Performance's Dilley Naidoo interviewed by Mining Weekly's Martin Creamer. Video: Darlene Creamer.

Meteoric strikes $20m deal in Brazil

By: Esmarie Iannucci     13th March 2023 ASX-listed explorer Meteoric Resources has inked a definitive agreement to acquire the rare earths rights at the Caldeira project, in Brazil. Under the terms of the agreement, Meteoric will pay the Tongi Group of Companies $20-million in four staged payments out to 2026, and on the start of... 

Power Metal's planned IPOs delayed

By: Darren Parker     10th March 2023 Metals mining company Power Metal announced on March 10 that its planned initial public offerings (IPOs) are taking longer than expected. In a strategic update, the company cited extensive preparatory work in the pre-IPO process, the need to complete work in all vehicles to enable immediate and... 

Altona raises £2m, to list on LSE

By: Tasneem Bulbulia     10th March 2023 Mining exploration company Altona Rare Earths has raised £2-million through an oversubscribed placing of £1.72-million and a subscription of £279 200 through the issue of 40-million new ordinary shares.  The company announced on February 2 that it was seeking to raise £1.25-million in new capital. 

Firering increases stake in Côte d'Ivoire project

By: Tasneem Bulbulia     9th March 2023 Aim-listed Firering Strategic Minerals has increased its stake in its flagship Atex lithium/tantalum project, in Côte d'Ivoire, to 90%. Pursuant to an existing option shares agreement between Firering and Atex dated March 31, 2021, Firering has acquired a further 13% of the issued share capital... 

Lynas gets a A$200m investment from Japanese partners

By: Esmarie Iannucci     7th March 2023 Rare earths miner Lynas on Tuesday announced that Japan Australia Rare Earths (JARE), a special purpose vehicle established by Japan Organization for Metals and Energy Security (JOGMEC) and Sojitz Corporation, would invest some A$200-million into Lynas’ growth plans. JARE, which is party to a... 

Australia leading the way in critical minerals - report

By: Esmarie Iannucci     7th March 2023 A new report by Geoscience Australia has shown that Australia’ was the world’s top lithium producer in 2021, and was among the top five global producer of 18 mineral commodities, including iron-ore, bauxite, gold, cobalt, mineral sands, rare earths, zinc and nickel. In the Identified Mineral... 

Image shows a lithium sample

Work starts on A$5bn CopperString

By: Esmarie Iannucci     7th March 2023 Early works on the A$5-billion CopperString 2.0 project, in Queensland, is expected to start this year, with construction planned to start next year, the Queensland government said on Tuesday. The 1,100 km CopperString 2.0 project is expected to unlock Australia’s largest renewable energy zone... 

Australia sees trade talks continuing with China after investment ban on miner

By: Reuters     3rd March 2023 Australia said all decisions on foreign investment are made in its national interest and it expects trade talks with China to continue, after reports Beijing had protested Canberra's decision to block a Chinese investment in a rare earths mining company. Treasurer Jim Chalmers said on Wednesday... 

Testing of Lofdal rare earth elements deposit to start later this year

By: Darren Parker     3rd March 2023 Minerals development company Namibia Critical Metals has signed a letter of intent with testing, inspection and certification company SGS Canada to start pilot plant testing on a 5 t sample from the Lofdal heavy rare earth elements deposit, in Namibia, in the third quarter of this year. The... 

Tesla comments spur plunge in China rare-earth miner shares

By: Bloomberg     3rd March 2023 Shares of Chinese rare-earth miners were heavily sold off following Tesla Inc.’s surprise announcement that the electric-vehicle maker will drop the use of the material in its future models. Citing health and environmental risks that accompany mining the material, Colin Campbell, a Tesla... 

DRA secured new contracts, rebased the business in 2022

By: Donna Slater     28th February 2023 Deals worth A$638-million were awarded to multidisciplinary engineering, project management and operations management group DRA Global in 2022, as the group sought to strengthen its relationships with longstanding clients and broadened its geographic footprint. "Financial year 2022 saw the... 

The Two Rivers platinum mine
The Two Rivers platinum mine

Australia blocks Chinese investment in rare earth firm

By: Reuters     28th February 2023 Northern Minerals on Tuesday said Australia's government has blocked the heavy rare earths producer's largest shareholder, China's Yuxiao Fund, from increasing its investment on the grounds of national interest. Yuxiao Fund sought Foreign Investment Review Board approval in August to raise its... 

Higher commodity prices failing to spur fixed mining investment  

By: Martin Creamer     28th February 2023 The regulatory uncertainties and inability of the industry to transparently, quickly and efficiently apply for mining and prospecting rights in a corruption-free manner has had severe investment consequences, Minerals Council South Africa states in its Facts & Figures Pocketbook 2022. This is... 

South African mining remained a trillion rand industry for the second year in 2022.
South African mining remained a trillion rand industry for the second year in 2022.

Trackless mobile machine safety next big challenge, says Minerals Council  

By: Martin Creamer     27th February 2023 Having last year achieved the lowest fall of ground fatalities ever, South African mining’s next big safety challenge is to achieve greater safety in the use of trackless mobile machines – rubber-tired vehicles that operate in underground mines without making use of rail tracks. In 2021, South... 

From left to right, Nikisi Lesufi, Japie Fullard, Roger Baxter and Allan Seccombe.
From left to right, Nikisi Lesufi, Japie Fullard, Roger Baxter and Allan Seccombe.

Lynas still fighting in Malaysia

By: Esmarie Iannucci     27th February 2023 Rare earths miner Lynas on Monday said it had lodged two administrative appeals to the Malaysian government over the recent renewal of its operating licence in that country, which prohibits the import and processing of lanthanide concentrate after the start of July, and which would mean the... 

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