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Rare Earth Minerals News

Australia's energy exports on the rise - report

By: Esmarie Iannucci     4th April 2022 Australia’s resources and energy export earnings are forecast to surge to a record high A$425-billion for 2021-22. Minister for Resources and Water Keith Pitt said the latest forecast, from the Department of Industry, Science, Energy and Resources’ March 2022 edition of the Resources and Energy... 

WA Kaolin signs three-year offtake deal

By: Esmarie Iannucci     1st April 2022 ASX-listed WA Kaolin has inked a three-year offtake agreement with a Vietnamese distributor. Under the terms of the offtake agreement, WA Kaolin is to supply 4 500 t/y, with a minimum 2 500 t/y, for three years, staring in July of this year. 

Pensana appoints Kaplan as FD

By: Creamer Media Reporter      31st March 2022 London-listed Pensana has appointed Robert Kaplan FD, with effect from March 31. "We are delighted to announce Rob’s well-deserved appointment as FD. He brings a wealth of experience from leading London-listed companies in the natural resources space and will be pivotal in Pensana’s next phase... 

Pensana FD Robert Kaplan
Pensana FD Robert Kaplan

Pensana continues to progress rare earth projects

By: Tasneem Bulbulia     30th March 2022 London-listed Pensana achieved considerable progress for the six months ended December 31, 2021, as the company looks to establish an independent and sustainable magnet metal rare earth production facility at Saltend, in the UK, to meet demand from the electric vehicle and offshore wind sectors,... 

Africa has prime opportunity to provide commodities usually supplied by Russia

By: Marleny Arnoldi     29th March 2022 As Western Europe accelerates a structural transition away from Russian energy dependence, Africa will play a salient role in filling this void, says Oxford Economics Africa (OEA). During a webinar on March 29, the research company unpacked how a more pressing shift towards renewable energy and a... 

Ditau drill targets confirmed

By: Tasneem Bulbulia     29th March 2022 Aim-listed resources companies Power Metal Resources and Kavango Resources have announced the identification of 12 airborne magnetic targets at the Ditau rare earth element (REE) project, in southwestern Botswana. Ditau is held by Kanye Resources, a Botswana joint venture (JV) company in which... 

Green hydrogen energy supply to local communities envisaged by Anglo 

By: Martin Creamer     28th March 2022 The green hydrogen footprint being developed by Anglo American could be extended to provide low-cost and efficient energy to local communities. Anglo, which is advancing towards using green hydrogen to replace diesel in the huge haul truck it is building at Anglo American Platinum’s Mogalakwena... 

Creamer Media picture taken at South Africa Investment Conference
Photo by Creamer Media's Donna Slater
Anglo American CEO Mark Cutifani.

Hastings raises A$40m from major shareholder

By: Esmarie Iannucci     28th March 2022 Rare earths developer Hastings Technology Metals will raise A$40-million in a strategic placement to its largest shareholder L1 Capital to accelerate key workstreams and order long-lead equipment for its Yangibana rare earths project, in Western Australia. L1 Capital has committed to take... 

Alcara withdraws EIA application for Chile project

By: Mariaan Webb     25th March 2022 Toronto-listed Aclara stock plunged on Thursday, as the company announced that it had withdrawn the environmental impact assessment (EIA) of its Chile rare earths project to allow for time to address “unresolved matters”. The company explained that it had not been able to satisfy two technical... 

GGG launches legal battle over Kvanefjeld

By: Esmarie Iannucci     23rd March 2022 ASX-listed Greenland Minerals (GGG) has requested arbitration in its dispute with the governments of Greenland and the Kingdom of Denmark, over the future of its Kvanefjeld rare earths project. The Greenland government in November banned uranium mining, impacting the development of the... 

Image shows a hand holding rare earth minerals

Parliaments must act swiftly to reduce climate change – Mapisa-Nqakula  

By: Martin Creamer     22nd March 2022 National Assembly speaker Nosiviwe Mapisa-Nqakula on Monday urged heads of the world's Parliaments gathering at the 144th plenary assembly of the Inter-Parliamentary Union to undertake all necessary efforts to deal with climate change through oversight and the constitutional powers of the... 

South Africa's National Assembly speaker Nosiviwe Mapisa-Nqakula
South Africa's National Assembly speaker Nosiviwe Mapisa-Nqakula

Altona starts Phase 2 drill programme in Mozambique

By: Marleny Arnoldi     18th March 2022 Mining exploration company Altona Rare Earths plans to proceed with a Phase 2 drill programme at its Monte Muambe rare earth project, in Tete, Mozambique. This follows after a Phase 1 drill programme, which got under way in October 2021, showed above-average rare earth element levels and two... 

Now’s the time for full energy freedom, says green hydrogen stalwart Andrew Forrest 

By: Martin Creamer     17th March 2022 Let’s give energy sovereignty to the world. Renewable energy is everywhere. Every country can produce it. Now is the time to capture it, and have full energy freedom, enthused Fortescue Metals Group nonexecutive chairperson Andrew Forrest, while being interviewed by CNN anchor Christiane... 

Creamer Media screen shot.
Photo by Creamer Media
Fortescue Metals Group nonexecutive chairperson Andrew Forrest (right), being interviewed by CNN anchor Christiane Amanpour.

Rainbow’s Phalaborwa project remains well-placed to benefit from green energy developments

By: Marleny Arnoldi     17th March 2022 London-listed Rainbow Rare Earths has reiterated how well positioned its near-term rare earths project Phalaborwa, in South Africa, is considering current market conditions. The rare earths basket price has risen by 80% in the first half of its 2022 financial year, significantly exceeding... 

Pensana completes FEED, notes lower Saltend, Longonjo development costs 

By: Donna Slater     16th March 2022 Magnet metal and rare earths miner Pensana has completed the front-end engineering design (FEED) for its UK-based Saltend rare earths production facility and its Angola-based Longonjo mine, reducing the capital expenditure costs of the projects and improving its operating profitability. A... 

Markets must adapt to lack of Russian, Ukrainian commodities, Glencore says

By: Reuters     16th March 2022 Global commodity markets will need to adapt to a lack of supply from Russia and Ukraine, global miner and commodities trader Glencore said in its annual report on Wednesday. "Over time, global commodity trade flows will need to adapt to some or all of Russian/Ukrainian supply being unavailable,... 

Energy Fuels selling vanadium inventory, eyes uranium contracts

By: Mariaan Webb     16th March 2022 US-based Energy Fuels believes the next upward cycle for vanadium may have begun and has started selling some of its 1.65-million-pound inventory, while it is also actively pursuing uranium sales contracts. The company, which also produces rare earth elements (REE), explains that in 2019 it... 

An image of the White Mesa mill
The White Mesa mill in Utah

Scoping study on Sovereign’s rutile project confirms multi-decade low-cost operation

By: Darren Parker     15th March 2022 The initial scoping study on Sovereign Metals’ Kasiya rutile project, in Malawi, has confirmed a multi-decade operation providing a stable supply of rutile and graphite, while contributing significantly to the economy of Malawi, Soverign Metals revealed on March 15. Kasiya is among the largest... 

Equivalent of a Koeberg arising in solar projects – AmaranthCX  

By: Martin Creamer     14th March 2022 The equivalent of a Koeberg power station is arising in the form of new largely mine-linked private-sector solar power photovoltaic projects across Southern Africa, according to AmaranthCX director and founder Paul Miller, whose company is working on the second edition of its electronic map of... 

Creamer Media screenshot
AmaranthCX director Paul Miller interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Mkango subsidiary to collaborate on project for recycling rare earth magnets

By: Tasneem Bulbulia     14th March 2022 Dual-listed Mkango Resources’ 100%-owned subsidiary, Mkango Rare Earths UK, is collaborating with Bowers & Wilkins (B&W) Group, European Metal Recycling (EMR), GKN Automotive Innovation Centre, HyProMag, Jaguar Land Rover and the University of Birmingham (UoB) in the Driving the Electric... 

As EV demand rises, Biden officials warm to new mines

By: Reuters     14th March 2022 US regulators are warming to approving new domestic sources of electric vehicle battery metals, as Washington bids to avoid a reliance on strategic minerals imports similar to that on crude oil. US Energy Secretary Jennifer Granholm and other officials speaking at this week's CERAWeek energy... 

An image of US Energy Secretary Jennifer Granholm
US Energy Secretary Jennifer Granholm

Vital starts share trading in Canada

By: Esmarie Iannucci     11th March 2022 Junior Vital Metals will on Friday start share trading on the OTCQB Venture Market under the ticker VTMXF. Vital told shareholders that its primary listing would remain on the ASX. 

Miner celebrates record year in production, safety

By: Cameron Mackay     11th March 2022 Last year was exceptional for mineral sands miner Kenmare Resources in terms of safety, production and sales. Kenmare Resources MD Michael Carvill enthuses that many factors contributed to this success in 2021, citing the quality of the Moma titanium deposit, in Mozambique, the growth programme... 

Image of Kenmare Resource's Wet Concentrator Plant B
AFRICAN MILESTONE Moving WCP B 23 km by road in one piece represents the largest transportation of a piece of mining equipment in Africa to date

Company begins producing, selling rutile

By: Cameron Mackay     11th March 2022 Heavy mineral sands miner PYX Resources started production and sales activity of natural rutile from its Mandiri deposit in central Kalimantan, in Indonesia, in January. The rutile is being sold to customers in the country as a by-product of PYX’s primary zircon production operation. 

Image of ilmenite, rutile and zircon sands
VITAL MINERALS Rutile is being sold as a by-product of PYX’s primary zircon production, while production and sale of leucoxene and ilmenite will follow later this year

Mkango records positive results from pilot at Songwe Hill in Malawi

By: Tasneem Bulbulia     7th March 2022 Dual-listed Mkango Resources has successfully produced neodymium and praseodymium- (NdPr-) enriched rare earth carbonate from the final stages of hydrometallurgical piloting at ANSTO in Australia for the Songwe Hill rare earths project in Malawi. Piloting is an integral part of the feasibility... 

China calls on rare earths companies to bring prices back to 'reasonable' level

By: Reuters     4th March 2022 China summoned some key rare earths companies amid continuously-rising product prices and urged them to ensure a steady supply chain to help cool prices, the regulator said on Friday. The Ministry of Industry and Information Technology said in a statement that it had instructed producers... 

Sovereign finds rutile buyer

By: Esmarie Iannucci     3rd March 2022 ASX- and Aim-listed Sovereign Metals has entered into a non-binding memorandum of understanding (MoU) with global rutile product distributor Hascor International to potentially supply up to 25 000 t/y of rutile from the Kasiya rutile project, in Malawi. The supply agreement would cover an initial... 

ESG slowing down as energy transition highlights mining as indispensable – RMF  

By: Martin Creamer     2nd March 2022 The energy transition is highlighting mining as an indispensable industry, said Responsible Mining Foundation (RMF) CEO Hélène Piaget in opening a webinar on 'Responsible Mining Index (RMI) Report 2022', which reports a slowdown in economic, environmental, social and governance (ESG). “Yet there... 

Creamer Media screenshot.
Responsible Mining Foundation report covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

MP Materials reports higher profit as rare earth prices surge

By: Reuters     25th February 2022 US rare earth miner MP Materials on Thursday posted a higher fourth-quarter profit, helped by rising prices for the minerals used to make high-end electronics and weaponry. Rare earths are a group of 17 metals that, after processing, are used to make magnets found in electric vehicles, weaponry... 

Lynas reports record profits

By: Esmarie Iannucci     25th February 2022 Rare earths mine Lynas has reported record profits and sales revenue for the half-year ended December, on the back of strong customer demand. Net profits after tax for the half-year reached A$156.9-million, up from the A$40.6-million reported in the first half of 2021, while revenue increased... 

Image shows rare earth minerals

Biden announces investments to shore up key critical mineral supplies

By: Mariaan Webb     23rd February 2022 US President Joe Biden on Tuesday announced several investments in the domestic production of key critical minerals and materials, as the country moves to break its dependence on China and secure a ‘Made in America’ supply chain. In a White House statement, Biden announced that MP Materials had... 

An image of the White House

USGS finalises 2022 list of 50 ‘critical minerals’

By: Creamer Media Reporter      23rd February 2022 The United States Geological Survey (USGS) has published its final list of 50 mineral commodities critical to the US economy and national security, updating the 2018 list that contained fewer commodities. New additions to the list include nickel and zinc, while helium, potash, rhenium and... 

Hastings improves on Yangibana economics  

By: Esmarie Iannucci     21st February 2022 An updated project economics for the Yangibana rare earths project, in Western Australia, has increased the project’s expected post-tax net present value by some 84%, while its free operating cashflow expectations have increased by 71%. ASX-listed Hastings Technology Metals on Monday reported... 

Image shows stacked coins

Peak notes possible foreign investment hurdle

By: Esmarie Iannucci     18th February 2022 Rare earths developer Peak Rare Earths on Friday said that it was "investigating" reports that shareholder Shenge Resources' recent investment into the company could potentially not comply with Australia’s foreign investment laws. Chinese rare earths group Shenghe Resources Holding Co has... 

Red tape delaying R90bn investment in ready-to-go projects – Minerals Council 

By: Martin Creamer     14th February 2022 Red tape is delaying investment worth R90-billion in ready-to-go mining-related projects, at a time when the South African economy is in desperate need of such projects proceeding, to create jobs and to stimulate economic growth. Projects worth R30-billion would be able to proceed if the 4... 

President Cyril Ramaphosa
President Cyril Ramaphosa

Shenghe takes a major stake in Peak

By: Esmarie Iannucci     14th February 2022 Chinese rare earths group Shenghe Resources Hoding Co has acquired a 19.9% stake in ASX-listed Peak Resources from shareholder Appian Pinnacle. Peak on Monday told shareholders that the acquisition was priced at 99c a share, representing a 24.5% premium to the company’s last closing price. 

Steenkampskraal Holdings to pursue listing as it secures funding

By: Marleny Arnoldi     10th February 2022 Steenkampskraal Holdings (SHL), which owns the Steenkampskraal rare earths project in the Western Cape, has garnered substantial investment from a private company Monoceros Mineral Resources (MMR), and is considering a possible stock exchange listing. SHL will use the investment to advance... 

Steenkampskraal rare earths mine, in the Western Cape
Steenkampskraal rare earths mine, in the Western Cape

Directors face potential liability for climate change risks – Webber Wentzel 

By: Martin Creamer     8th February 2022 Directors face potential liability if they fail to carry out their fiduciary duties to curb climate change risks and do not make complete disclosures about climate-related risks, Webber Wentzel partner Merlita Kennedy and associate Tobia Serongoane stated on Tuesday. In a release to Mining... 

Creamer Media montage
Webber Wentzel associate Tobia Serongoane (left) and partner Merlita Kennedy.
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