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Rare Earth Minerals News

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... 

Australia's Lynas Corp says Wesfarmers bid undervalues its IP, rejects offer

By: Reuters     10th April 2019 Rare earths miner Lynas Corp said on Wednesday its board had concluded it would not engage with conglomerate Wesfarmers, stating its takeover offer undervalues the company's intellectual property. "Lynas has developed significant intellectual property (IP) in engineering, processing and product... 

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.  

Steenkampskraal to progress BFS following court case conclusion

By: Marleny Arnoldi     11th December 2018 Steenkampskraal Holdings (SHL) will now proceed with a bankable feasibility study (BFS) at its Steenkampskraal rare earths mine, in the Western Cape, following the conclusion of a court case between SHL and contractor ERES Engineering Projects. The High Court last week rescinded the contracts... 

Innovate and generate cash at same time – Dassault Systèmes Geovia  

By: Martin Creamer     5th December 2018 The objectives of innovating and generating cash are not mutually incompatible and can be achieved at multiple levels simultaneously, says Dassault Systèmes Geovia Brand CEO Raoul Jacquand, who was in Johannesburg to showcase the French company’s suite of advanced three-dimensional (3D) software.... 

Innovate and generate cash at same time – Dassault Systèmes Geovia
Dassault Systèmes Geovia Brand CEO Raoul Jacquand spoke to Mining Weekly Online’s Martin Creamer on new mining technology. Video: Christo Greyling. Photogaphs: Creamer Media Chief Photographer Dylan Slater.

Australia’s Lynas tumbles on new Malaysia conditions

By: Esmarie Iannucci     5th December 2018 The share price of ASX-listed Lynas fell by 22% on Wednesday after the Malaysian government imposed new conditions on the Lynas Advanced Materials Plant (LAMP), despite the outcome of the recent review into the company’s operations in that country. The Review Committee report was posted online... 

Australia’s Lynas tumbles on new Malaysia conditions
Lynas CEO Amanda Lacaze

Malaysia sets licence renewal conditions for rare earths miner Lynas

By: Reuters     4th December 2018 Malaysia on Tuesday set conditions for future renewal for rare earths miner Lynas' licences to operate in the country, including the removal of radioactive residues. The Energy and Environment Ministry also said in a statement that Lynas must submit an action plan for non-radioactive waste... 

Mkango concludes Songwe Hill drilling programme with 19 confirmed rare earth zones

By: Marleny Arnoldi     3rd December 2018 Aim- and TSX-V-listed Mkango Resources on Monday announced results for its final 21 drill holes, which are part of a 10 900 m drill programme, at the Songwe Hill rare earths project, in Malawi. Nineteen of the 21 drill holes intersected significant zones of rare earths mineralisation grading... 

Hastings secures Chinese takeoff

By: Esmarie Iannucci     29th November 2018 Rare earths developer Hastings Technology Metals has signed an offtake contract with China’s Sky Rock Rare Earth New Material Company over its Yangina rare earths project, in Western Australia. Under the terms of the offtake agreement, Sky Rock would purchase 2 500 t/y of carbonate over a... 

Nigeria awards mining exploration contract to ten mining, consulting firms

By: Reuters     28th November 2018 Nigeria has awarded a mining contract to ten exploration and consulting companies as part of the country's efforts to develop the sector, the mining and steel development minister said on Tuesday. Abubakar Bawa Bwari did not say how much the contracts were worth but in July he had said eight... 

Lynas to temporarily halt Malaysia rare earths production

By: Esmarie Iannucci     27th November 2018 Rare earths miner Lynas has told shareholders that it is planning a temporary production shut-down of its Lynas Advanced Materials Plant (LAMP), in Malaysia, during December. Lynas CEO Amanda Lacaze on Tuesday said that while company had previously lodged an application to increase the yearly... 

Alkane in no hurry at Dubbo

By: Esmarie Iannucci     21st November 2018 Multi-commodity miner and explorer Alkane Resources on Wednesday told shareholders that it was in no hurry to develop its zirconium, niobium, hafnium and rare-earth project near Dubbo, in New South Wales. Speaking at the company’s annual general meeting, chairperson Ian Gandel said that while... 

Boonanarring produces first heavy mineral concentrate

By: Esmarie Iannucci     19th November 2018 The Boonanarring mineral sands project, in Western Australia, has produced its first heavy mineral concentrate, ASX-listed Image Resources reported. The company said on Monday that the wet commissioning at Boonanarring started in October, and continues to advance on schedule and within budget. 

Arafura aims for A$3m in SPP

By: Esmarie Iannucci     12th November 2018 Rare earths developer Arafura Resources will raise A$3-million through a share purchase plan (SPP) to advance its Nolans project, in the Northern Territory. Eligible shareholders will be allowed to subscribe for up to A$15 000 worth of new shares in the company, with the new shares to be issued... 

Arafura picks a spot for separation plant

By: Esmarie Iannucci     7th November 2018 Rare earths developer Arafura Resources has revealed plans to build a separation plant at its Nolas neodymium-praseodymium (NdPr) project, in the Northern Territory. Arafura had previously panned for the separation plant to be located offshore, however, the company said on Wednesday that process... 

Rainbow moves 400 t a month run rate target out to 2019

By: Marleny Arnoldi     30th October 2018 LSE-listed miner Rainbow Rare Earths’ Gakara mine, in Burundi, produced 350 t of exported concentrate in the quarter ended September 30 – a 27% increase on the 275 t produced in the June quarter. Sales for the quarter were maintained at 350 t. 

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