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Rare Earth Minerals News

Lynas to set up plant in WA as it abandons plans for Malaysia facility

By: Esmarie Iannucci     21st May 2019 Rare earths miner Lynas on Tuesday told shareholders that it would relocate a planned processing facility from its Kuantan operations in Malaysia, to its operations in Western Australia. Speaking at an investor conference, CEO and MD Amanda Lacaze noted that the cracking and leaching facility... 

Lynas plans rare earth plant in Texas

By: Esmarie Iannucci     20th May 2019 Rare earths miner Lynas has signed a memorandum of understanding (MoU) with US-based Blue Line to develop rare earth separation capacity in the US. Under an MoU, the two companies would exclusively work together on the proposed development of a rare earth separation facility at the Blue Line site... 

Greenland optimises Kvanefjeld economics

By: Esmarie Iannucci     15th May 2019 An optimised feasibility study into the Kvanefjeld rare earths project, in Greenland, has estimated a $31-million increase in annual revenue, at current rare-earth prices. ASX-listed Greenland Minerals on Wednesday reported that the optimised study had estimated an 8% increase in rare-earth... 

Greenland optimises Kvanefjeld economics

President's correct, S Africans need to act together to realise economic opportunities – Baissac   

By: Martin Creamer     14th May 2019 President Cyril Ramaphosa is correct in stating that South Africans need to act together with urgency and boldness if they are to realise the economic opportunities before them, Eunomix CEO Claude Baissac said on Tuesday. Baissac, who was speaking to Mining Weekly Online following the finding of... 

President's correct, S Africans need to act together to realise economic opportunities – Baissac
Eunomix CEO Claude Baissac talks to Mining Weekly Online’s Martin Creamer about South Africa’s economic growth needs. Video: Nicholas Boyd. Photograph: Dylan Slater.

Exceptional high-grade mineralisation found at Pensana’s Angola project

By: Tasneem Bulbulia     14th May 2019 New shallow, high-grade intersections received from a further 24 holes of the 66-hole reverse circulation infill drilling programme at ASX-listed Pensana Metals’ Longonjo neodymium and praseodymium (NdPr) project, in Angola, have returned some of the highest-grade NdPr mineralisation ever... 

Lone US rare-earth miner target of China tariffs, CEO says

By: Bloomberg     13th May 2019 The only US rare earths miner is crying foul over China’s decision to raise tariffs on American shipments of raw materials used in electric vehicles. MP Materials – once the world’s biggest producer of rare-earth materials – exports 3 000 to 4 000 metric tons of concentrates to the Asian nation... 

Browns Range to benefit from WA infrastructure spend

By: Esmarie Iannucci     13th May 2019 Rare earths producer Northern Minerals is set to benefit from a A$51-million capital allocation by the Western Australian government to upgrade roads in the East Kimberley region. The miner on Monday said that the upgrades of the Duncan road and Gordon Downs road in the East Kimberley would... 

W receives advance on €5.3m Extremadura grant

By: Tasneem Bulbulia     9th May 2019 Aim-listed W Resources has secured a €3-million loan facility with Caja Rural de Extremadura that provides an advance of funding against the €5.3-million grant awarded by the Junta de Extremadura government, which is expected to be paid to the company in the fourth quarter of 2019. The €3-million... 

Pensana appoints RFC Ambrian as broker ahead of LSE listing

By: Marleny Arnoldi     7th May 2019 ASX-listed Pensana Metals has appointed RFC Ambrian as its broker and agent ahead of its planned listing on the LSE later this year. Ambrian’s role will be to provide ongoing support and guidance to the company regarding marketing of the company’s shares in the UK and Europe.  

Worley creating a force for the future of resources and energy 

By: Martin Creamer     7th May 2019 Following the announcement in October 2018 of WorleyParsons' binding offer for Jacobs' Energy, Chemicals and Resources, the combined new entity has come together under a new brand – Worley – involving 57 600 people across 51 countries. While financially a $3.2-billion acquisition, operationally... 

Worley creating a force for the future of resources and energy
Photo by Creamer Media Chief Photographer Dylan Slater
From left, Krish Iyer, president Middle East Africa, Francois Bosch, business development (BD) sales manager, East Africa, Denver Dreyer, senior vice president Mining Minerals and Metals (MM&M), Europe Middle East Africa, Ian Davies, senior vice president, BD & Growth MEA, Ryan Froude, operations manager, East Africa, Robert Hull, vice president, MM&M, Africa, and Ed Hanbidge, vice president, Energy Chemicals and Services, Southern and Eastern Africa.

Rainbow secures $700 000 loan

By: Tasneem Bulbulia     7th May 2019 London-listed Rainbow Rare Earths, which owns the Gakara project, in Burundi, has secured a $700 000 loan from its biggest shareholder, Pella Ventures, to support Rainbow’s development and operations. The loan is to be applied towards general working capital purposes. 

Premier signs RHA investment, management agreement with Zim authority

By: Tasneem Bulbulia     7th May 2019 Aim-listed Premier African Minerals on Tuesday reported the signing of a new management agreement with the National Indigenisation and Economic Empowerment Fund of Zimbabwe, which is expected to result in the RHA tungsten project being brought back into production without any further financing... 

Arctic nations to meet amid tensions over environment, resources

By: Reuters     6th May 2019 Top diplomats from the US, Russia and other nations which border the Arctic meet in Finland on Monday to discuss policies governing the polar region, as tensions grow over how to deal with global warming and access to mineral wealth. Countries have been scrambling to claim territory or, like... 

Arctic nations to meet amid tensions over environment, resources

Tesla manager sees risk of battery-minerals shortage in future

By: Reuters     3rd May 2019 Booming demand for electric vehicles and insufficient investment in mines could result in a global shortage of minerals needed to manufacture rechargeable batteries in a few years’ time, a Tesla representative told US officials and mining executives in a meeting in Washington. Prices for some of... 

Anglo stalwart appointed Pensana CEO  

By: Esmarie Iannucci     23rd April 2019 ASX-listed rare earths hopeful Pensana Metals has appointed Tim George as CEO. George has more than a decade of experience in production management at several of diversified miner Anglo American’s operations in Africa, and has previously worked in Angola as chairperson and CEO of Aim-listed... 

Northern Minerals lines the coffers with another A$15m

By: Esmarie Iannucci     23rd April 2019 Rare earths miner Northern Minerals will undertake a further A$15-million capital raise to repay its R&D financier. The new capital raise comes just a month after Northern Minerals undertook a A$20-million share placement to fund working capital expenditure and exploration. 

Lynas posts 33% jump in Q3 rare earths output, amid takeover interest

By: Reuters     16th April 2019 Takeover target Lynas Corp on Tuesday reported a 32.5% rise in production of rare-earth oxides (REOs) during the quarter, as it fends off a takeover offer from retails-to-chemicals conglomerate Wesfarmers. Output of REO in the quarter ending March 31 was 5 444 t, compared with 4 110 t produced... 

Wesfarmers defends talks with Malaysia over Lynas

By: Esmarie Iannucci     9th April 2019 ASX-listed Wesfarmers on Tuesday confirmed that it had engaged in discussions with the Malaysian government over takeover target Lynas, but dismissed suggestions that it had interfered with government processes. The company, which wants to buy the rare-earths miner for A$1.5-billion, said it... 

Lynas seeks clarity on PM comments

By: Esmarie Iannucci     8th April 2019 ASX-listed Lynas on Monday said that it would seek clarification from the Malaysian government over comments made by Prime Minister Mahathir Bin Mohamad over the company’s continuation of operations. Mohamad over the weekend noted that the Malaysian government had imposed an ‘extra condition’ on... 

Rare earths firm Pensana eyes London listing

By: Creamer Media Reporter      3rd April 2019 ASX-listed Pensana Metals, which is developing a rare earths project in Angola, is considering a listing on the LSE by the end of the year, the company has reported. Pensana stated that it would undertake an investor road show next week, ahead of a planned listing on the main board towards the... 

Rare earths firm Pensana eyes London listing

Hastings looking to raise nearly A$20m

By: Esmarie Iannucci     3rd April 2019 Rare earths developer Hastings Technology Metals will raise nearly A$20-million to assist in the development of its Yangibana rare earths project, in Western Australia. The company on Wednesday reported that it has raised A$12-million through a share placement priced at 17c a share, with the... 

Mkango receives £7m for Songwe Hill feasibility study

By: Creamer Media Reporter      28th March 2019 Aim- and TSX-V-listed Mkango Resources on Thursday said Talaxis has, as planned, invested an additional £7-million into Mkango subsidiary Lancaster Exploration, which holds the licence for the Songwe Hill rare earths project, in Malawi. This will increase Talaxis' stake in Lancaster to 49%, from... 

Lynas snubs A$1.5bn Wesfarmers offer

By: Esmarie Iannucci     27th March 2019 ASX-listed Lynas on Wednesday told shareholders that after evaluating the indicative non-binding and highly conditional takeover proposal from fellow listed Wesfarmers, the company has taken the decision not to engage with the suitor on the terms outlined in the proposal. Wesfarmers earlier this... 

Lynas snubs A$1.5bn Wesfarmers offer

Mkango files technical report for Songwe Hill

By: Tasneem Bulbulia     22nd March 2019 Malawi-focused Mkango Resources has filed a National Instrument 43-101-compliant technical report for the Songwe Hill rare earths project resource update announced on February 4. With the filing of the technical report, Mkango has fulfilled the condition for Talaxis to advance the next £7-million... 

Northern raises A$20m

By: Esmarie Iannucci     18th March 2019 Rare earths producer Northern Minerals will raise A$20-million through the placement of 400-million shares, priced at 5c each. The company on Monday said that it had entered into multiple subscription agreements with a number of sophisticated investors. 

Company secures Canadian government funding for final process testwork

15th March 2019 Canadian rare earth elements (REE) exploration company Medallion Resources will receive up to $50 000 in funding from the Canadian federal government, through small and medium-sized enterprises (SMEs) assistance programme the National Research Council of Canada Industrial Research Assistance... 

Company secures Canadian government funding for  final process testwork
Photo by Bloomberg
BY-PRODUCT MONAZITE Monazite sand is available as a by-product of heavy mineral sands mining operations and is recognised as an important commercial source of REEs

China becomes world's biggest importer of rare earths - analysts

By: Reuters     13th March 2019 China, the world's top producer of rare earth elements, last year also emerged as the biggest importer of the group of minerals used in everything from ceramics to consumer electronics, analysts said on Wednesday. China has for years been the world's biggest rare earths exporter, raising... 

Rainbow upbeat about its future

By: Creamer Media Reporter      12th March 2019 While the six months ended December 31, 2018, had been challenging for Aim-listed Rainbow Rare Earths from a production perspective, the company is confident that its performance will improve in the coming months. "We have begun to address the teething issues and are now focused on increasing... 

Hastings adjusts Yangibana price

By: Esmarie Iannucci     11th March 2019 Projected capital costs for the Yangibana rare earths project, in Western Australia, have increased from the A$335-million estimated in 2017, to A$427-million, ASX-listed Hastings Technology Metals reported. The company on Monday said that refinements of the 2017 definitive feasibility study... 

Lynas revenues fall in H1

By: Esmarie Iannucci     28th February 2019 The share price of ASX-listed Lynas tumbled more than 7% on Thursday after the company reported a less-than-stellar interim results. Despite a 9% increase in production volumes during the six months ended December, Lynas reported a fall in revenues from A$200.9-million reported in the previous... 

Xolobeni judgment continues to confound 

By: Martin Creamer     11th February 2019 Mining must take place with a strong focus on the interests of those who live in mining areas, says Mineral Resources Minister Gwede Mantashe, a standpoint that supports the notion that a mining right and a land right can co-exist, without pleasing one party at the expense of the other.  But the... 

Xolobeni judgment continues to confound
Mineral Resources Minister Gwede Mantashe

Arafura releases Nolans DFS; targets construction next year

By: Esmarie Iannucci     7th February 2019 A definitive feasibility study (DFS) into the Nolans neodymium-praseodymium (NdPr) project, in the Northern Territory, has confirmed the project’s economics, with ASX-listed Arafura Resources planning to start project commissioning by mid-2022. At a capital cost of just over A$1-billion, the... 

Arafura releases Nolans DFS; targets construction next year

Songwe Hill mineral resource increases by 60%

By: Tasneem Bulbulia     4th February 2019 The measured and indicated mineral resource at Mkango Resources’ Songwe Hill Rare Earths project, in Malawi, has increased by about 60% to 21-million tonnes. The results of an updated mineral resource estimate, published on Monday, further show that the majority of the previously delineated... 

New mining areas to improve Rainbow’s operational, financial performance

By: Tasneem Bulbulia     31st January 2019 Production from Rainbow Rare Earths’ Gakara mine, in Burundi – measured in terms of exported concentrate – remained flat at 275 t for the second quarter ended December 31, 2018. The average grade decreased, from 59% total rare earth oxide (TREO) in the first quarter, to 56% TREO. 

Rainbow Rare Earths secures up to $7.75m in new funding

By: Tasneem Bulbulia     28th January 2019 Rainbow Rare Earths has secured a new funding agreement, comprising an unsecured convertible security amount of $750 000 and a 24-month equity facility of up to $7-million, with an entity managed by The Lind Partners. There are no material conditions to closing and gross initial funds of $850 000... 

Lynas sells record volumes in December quarter

By: Esmarie Iannucci     22nd January 2019 Rare earths miner Lynas has reported record sales volumes for the quarter ended December, generating revenues of A$79.9-million from the sale of 5 522 t of rare earth oxide. Rare earth oxide production for the quarter was down to 4 422 t, from the 5 220 t produced in the September quarter, as... 

Enable meaningful participation, pleads Women in Mining chair  

By: Martin Creamer     12th December 2018 The Mining Charter has significant room for improvement to enable meaningful participation of women in mining, says Women in Mining South Africa (WiMSA) chairperson Lindiwe Nakedi. Soweto-born Nakedi, who owns Gubhani Exploration – a surface exploration drilling company that is currently the only... 

Enable meaningful participation, pleads Women in Mining chair
Women in Mining chairperson and Gubhani Exploration MD Lindiwe Nakedi talks to Mining Weekly Online’s Martin Creamer. Video: Nicholas Boyd. Photographs: Creamer Media Chief Photographer Dylan Slater.

Mkango granted extended prospecting licence in Malawi

By: Marleny Arnoldi     12th December 2018 TSX-V-listed and Aim-listed Mkango Resources has been granted a two-year renewal for the Phalombe licence, in Malawi, which contains the company’s flagship rare earths project – Songwe Hill. The Malawian government granted the extended licence from January 21, 2019, to January 21, 2021.  

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