R/€ = 17.06 Change: 0.17
R/$ = 15.13 Change: 0.12
Au 1846.88 $/oz Change: 8.07
Pt 1059.50 $/oz Change: 39.50

Rare Earth Minerals News

B2Gold to buy out Forsys’ shareholding in Razorback

By: Darren Parker     Updated 5 hours ago Gold miner B2Gold will increase its shareholding in gold mining subsidiary Razorback Gold Mining to 100% by exercising a call option. Under the call option, it will buy gold and uranium miner Forsys Metals’ 51% shareholding in Razorback, which holds the Ondundu exclusive prospecting licence (EPL)... 

Rainbow Rare Earths cements 70% share in Phalaborwa project

By: Donna Slater     19th January 2022 LSE-listed rare earths miner Rainbow Rare Earths reports that its 70% share in the 38.3-million-tonne Phalaborwa rare earths project, through an amendment to an agreement for co-development and join venturing in the project with Bosveld Phosphates, has been confirmed. When the joint venture (JV)... 

Lynas posts record revenues

By: Esmarie Iannucci     19th January 2022 Rare earths miner Lynas has reported record sales revenue for the three months to December, reflecting strong customer demand. The ASX-listed company on Wednesday reported that revenue for the quarter had reached A$202.7-million, up from the A$121.6-million reported in the previous quarter, with... 

US Bill would block defense contractors from using Chinese rare earths

By: Reuters     18th January 2022 A bipartisan piece of legislation introduced in the US Senate on Friday would force defense contractors to stop buying rare earths from China by 2026 and use the Pentagon to create a permanent stockpile of the strategic minerals. The bill, sponsored by Senators Tom Cotton, an Arkansas... 

Hastings gets EPA backing

By: Esmarie Iannucci     17th January 2022 The Western Australian Environmental Protection Authority has granted ASX-listed Hastings Technology Metals key environmental permits for its Yangibana rare earths project, in Gascoyne region, allowing for early site work to start. Hastings said on Monday that it had received approval from the... 

Pensana becomes signatory of UN Global Compact

By: Donna Slater     6th January 2022 LSE-listed magnet metal supply chain developer Pensana has joined the United Nations (UN) Global Compact – a voluntary initiative to encourage CEOs to implement universal sustainable principles and to take steps to support the UN’s sustainable development goals. As such, Pensana joins over 13... 

Minerals Council backs State capture commission’s recommendations 

By: Martin Creamer     6th January 2022 Minerals Council South Africa on Thursday endorsed the recommendations of the first report of the Commission of Inquiry into State Capture. The Minerals Council said these recommendations, aimed at preventing endemic and corrosive corruption in organs of the state and within the private sector,... 

Supplied picture
Minerals Council South Africa CEO Roger Baxter

IMC nears commissioning of rare earth separation plant

By: Marleny Arnoldi     5th January 2022 Toronto-based Innovation Metals Corporation (IMC) says commissioning of its demonstration-scale rare earth separation and purification pilot plant, in Ontario, will start in the first quarter of this year. This follows the company undertaking extensive process and hardware design activities... 

Mkango starts final stage of Songwe Hill hydrometallurgy pilot plant test work

By: Simone Liedtke     14th December 2021 Dual-listed Mkango Resources has started the final stage of hydrometallurgy pilot plant test work for the Songwe Hill rare earths project, in Malawi. The design and engineering studies by lead engineer Senet are nearing completion, with the feasibility study targeted for completion in the first... 

Top Round to produce nearly half of minerals on new US critical minerals list

By: Creamer Media Reporter      13th December 2021 The Round Top heavy rare earth and lithium mine, in Texas, is set to be an important asset for supply chains essential to the US economy, developer USA Rare Earths said on Friday, noting that the mine would produce nearly half of the minerals on the new US government critical minerals list.... 

MP Materials to build US magnet factory, seals GM deal

By: Mariaan Webb     10th December 2021 Rare earth materials producer MP Materials on Thursday announced that it would build a rare earth magnetics facility in Fort Worth, Texas, and said it had reached a long-term agreement to supply automotive major General Motors with US-sourced and -manufactured rare earth materials, alloy, and... 

An artist's impression of the MP Materials Fort Worth magnet manufacturing plant in Texas
An artist's impression of the MP Materials Fort Worth magnet manufacturing plant in Texas

South Africa urged to move quickly to capitalise on battery storage value chain opportunities 

By: Tasneem Bulbulia     9th December 2021 An ongoing study funded by the World Bank under the guiding leadership of mineral research organisation Mintek has found that there are considerable opportunities for South Africa in the battery storage value chain. The country, however, needs to move quickly to capitalise on these opportunities... 

A parking space for EV charging

Leading mining companies commit to contract transparency 

By: Martin Creamer     9th December 2021 Members of the International Council on Mining and Metals (ICMM) on Thursday announced their commitment to disclose all mineral development contracts from the start of January this year, wherever they operate, marking a significant step by about a third of the global mining and metals industry to... 

Picture supplied.
ICMM CEO Rohitesh Dhawan

Afrimat further diversifies with Glenover Phosphate acquisition

By: Tasneem Bulbulia     9th December 2021 Industrial minerals and construction materials provider Afrimat has acquired mining and fertiliser company Glenover Phosphate for R550-million, comprising R250-million for the assets and an option, at Afrimat’s sole discretion, to buy 100% of Glenover’s shares for R300-million. Glenover is... 

Ionic adds rare earth separation company to its portfolio

By: Marleny Arnoldi     8th December 2021 ASX-listed Ionic Rare Earths has entered into a binding term sheet to acquire a UK-based rare earth separation technology company called Seren Technologies (SerenTech). SerenTech has a patent and “know-how” licence from Queens University Belfast allowing it to develop and commercialise... 

Specify energy transition action now, the money’s there for it, UN climate envoy urges  

By: Martin Creamer     7th December 2021 The energy transition is woefully under specified, the United Nations special envoy on climate change action and finance Mark Carney told a global webinar, in which he described the specifying of energy transition action as being “a matter of urgency”. Such specification, the webinar heard,... 

Picture from Reuters
UN Climate Action Finance Envoy Mark Carney covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

American Rare Earths welcomes new shareholder

By: Esmarie Iannucci     6th December 2021 Investor Fidelity International has taken a 9.9% stake in ASX-listed American Rare Earths, subscribing for 41.1-million in the junior company, for an investment of A$6.1-million. The share placement will be conducted at a price of 14.8c a share, representing a 4.5% discount to American Rare... 

Exploration debate highlights Nema challenge  

By: Martin Creamer     3rd December 2021 The withdrawal of a portion of the National Environmental Management Act (Nema) has created a major challenge for mineral exploration in South Africa, the Industrial Development Corporation (IDC) co-sponsored exploration webinar heard on Thursday. Taking part in the panel discussion under... 

Creamer Media image.
IDC co-sponsored webinar covered by Mining Weekly.

Hochschild spin-off Aclara to start trading next week

By: Mariaan Webb     3rd December 2021 Rare earths junior Aclara Resources, a spinoff from Hochschild Mining, has been approved for a listing on the TSX and expects to begin trading on the bourse on December 10, it said on Thursday. Aclara will issue 35-million shares of the company at C$1.70 each for gross proceeds of C$59.5-million. 

Use renewables to cut carbon and create hydrogen, use hydrogen to cut diesel – Cutifani   

By: Martin Creamer     2nd December 2021 Use renewables to cut carbon and create hydrogen, and then use the hydrogen that has been created to replace diesel. Anglo American CE Mark Cutifani proposed this climate blueprint while also outlining his London- and Johannesburg-listed mining company’s entry into crop nutrients that can free up... 

Creamer Media screenshot during GlobeScan climate webinar
GlobeScan climate event covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Rainbow poised to meet rare earths demand following COP26 resolutions

By: Tasneem Bulbulia     1st December 2021 Aim-listed Rainbow Rare Earths says it is well positioned to meet the anticipated future demand for rare earths, owing to its Phalaborwa project, which is in development in South Africa, especially given its high-grade, low-cost nature and use of processing technology. “Rainbow has the near-term... 

Mkango Resources increases cash, advances Songwe Hill project

By: Donna Slater     30th November 2021 Aim- and TSX-V-listed rare earths project developer Mkango Resources increased its cash on hand to $6.24-million as at September 30, compared with the $5.78-million held at the same time in 2020, and the $4.92-million held at December 31, 2020. The company, which is focused on advancing the... 

Auxico to build $116m rare-earth refinery in Colombia

By: Mariaan Webb     30th November 2021 CSE-listed Auxico Resources has announced plans to build a 10 000 km2 rare earth refining facility in the free-trade zone in Santa Marta, Colombia, capable of processing 36 000 t/y of ore. The company signed a lease agreement with an option to purchase four lots of land within the Zona Franca... 

Froneman tells world of Sibanye’s confidence in hydrogen economy  

By: Martin Creamer     26th November 2021 Platinum group metals (PGMs) are poised to be a very significant underpin in the green hydrogen economy and Sibanye-Stillwater is intent on ensuring that the supply of PGMs is sustainable and that the company is part of the global climate change solution, Sibanye CEO Neal Froneman told a global... 

Creamer Media screenshot
Sibanye-Stillwater hydrogen presentation covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Law firm creates outsourced compliance solution for mining industry 

By: Martin Creamer     25th November 2021 A specialist mining law firm, which prefers people to paper, has created an outsourced compliance solution for Africa’s mining industry. NSDV will not simply rely on the paper trail when a client calls with an issue, but instead phone, WhatsApp, or drive there and chat to the officials. 

NSDV supplied picture
NSDV director and co-founder Lili Nupen

Ionic reports pleasing assay results for Uganda rare earths project

By: Creamer Media Reporter      25th November 2021 ASX-listed Ionic Rare Earths has reported pleasing assay results for Tranche 2 of the 8 220 m Phase 4 drill programme at its Makuutu rare earths project, in Uganda. Tranche 2 comprised of 60 drill holes, which all delivered clay and saprolite mineralisation intersections above the cut-off grade... 

Defense’s Wicheeda REE project one step closer to production

By: Mariaan Webb     25th November 2021 Minerals explorer Defense Metals on Wednesday announced a positive preliminary economic assessment (PEA) for the Wicheeda rare earth element (REE) project, in British Columbia. The company reported an aftertax net present value of C$512-million and an internal rate of return of 16% for Wicheeda,... 

Hochschild spinoff Aclara aims to raise $100m

By: Mariaan Webb     18th November 2021 Precious metals miner Hochschild Mining on Thursday launched the initial public offering (IPO) of its rare earth minerals unit on the TSX, and said that Aclara Resources aimed to raise primary capital of about $100-million. This would give Aclara an expected market capitalisation of about... 

Sovereign to list on the Aim

By: Esmarie Iannucci     17th November 2021 ASX-listed Sovereign Metals has announced plans to dual list on the Aim market of the London Stock Exchange. Sovereign is currently undertaking a scoping study for the Kasiya rutile project, in Malawi, which is due for completion in late 2021. The project has a mineral resource estimate of... 

Hudson’s Greenland REE project unaffected by uranium ban

By: Mariaan Webb     16th November 2021 Canadian developer Hudson Resources said on Monday that new anti-uranium legislation in Greenland would not impact on its rare earth element (REE) project, which contained only low levels of uranium. The new legislation, passed on November 8, bans the development of mineral projects with a... 

Expect to be unemployed from age 40, Miller warns graduates entering mining   

By: Martin Creamer     15th November 2021 Because of the collapse of investment in greenfields exploration in South Africa, any mining graduate entering the profession today can expect to be unemployed from the age of 40, said AmaranthCX director and founder Paul Miller on Monday, when he pointed out that South Africa is now at an... 

Provided by Paul Miller
AmaranthCX director Paul Miller interviewed by Mining Weekly's Martin Creamer

Mkango welcomes HyProMag’s Germany expansion

By: Donna Slater     15th November 2021 Aim- and TSX-V-listed rare earths project developer Mkango Resources reports that HyProMag has established an 80%-owned German subsidiary – magnetic materials company HyProMag GmbH, which is 20% held by professor Carlo Burkhardt of Pforzheim University in Germany, who has also been appointed to... 

Mineral exploration should be incentivised, says IDC’s Thabiso Sekano  

By: Martin Creamer     12th November 2021 Mineral exploration should be incentivised so that South Africa’s great mineral endowment can be optimally leveraged to lower unemployment, improve export revenues, and strengthen this country’s gross domestic product (GDP). That is the view of Industrial Development Corporation (IDC) mining,... 

Creamer Media screenshot of IDC head Thabiso Sekano
IDC Mining Metals Beneficiation Head interviewed by Mining Weekly's Martin Creamer. Video: Darlene Creamer

China to step up strategic mineral resource exploration

By: Reuters     12th November 2021 China will step up exploration of strategic mineral resources including petroleum, natural gas, copper, chrome, tungsten, rare earths and others during 2021 to 2025, the top economic planner said on Friday. The National Development and Reform Commission revealed the plan for promoting... 

Greenland Minerals looking for solutions to uranium issues

By: Esmarie Iannucci     12th November 2021 The share price of ASX-listed Greenland Minerals tumbled on Friday as the company resumed share trading after the Greenland government earlier this week passed legislation to ban uranium mining. The new legislation could mean the axe for Greenland’s Kvanefjeld rare earths project, as it... 

Greenland Minerals looking for solutions to uranium issues

US adds nickel, zinc to draft critical minerals list, drops potash

By: Mariaan Webb     11th November 2021 The US Geological Survey (USGS) has added nickel and zinc to its proposed list of 50 ‘critical minerals’ – defined as those essential to economic or national security and have a supply chain vulnerable to disruption – while four others, including potash, have fallen off the draft 2021 list. The... 

Image of pure nickel sulphate
The Biden Administration's 100 day supply chain review states that there is an 'urgency' to develop a strategy around Class 1 nickel.

Mkango now owns 41.6% of HyProMag

By: Marleny Arnoldi     3rd November 2021 Aim- and TSX-V-listed Mkango Resources’ interest in UK-based magnetic recycling company HyProMag has increased to 41.6% from 25%. This followed HyProMag opting to exercise its right to convert into shares a £200 000 loan, which formed part of a £500 000 financing package agreed between the... 

Sustainable rare earths separation facility on horizon

By: Claire O'Reilly     29th October 2021 UK-based exploration and development company Pensana, formerly Pensana Rare Earths, is aiming to establish, subject to funding, a world-class, independent and sustainable supply chain of rare-earth metals vital for electric vehicles (EVs), wind turbines and other strategic industries, says... 

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