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Rare Earth Minerals News

China's grip on rare earths began with a decision 30 years ago

By: Bloomberg     11th June 2019 It was Beijing’s decision almost 30 years ago to make rare earths a strategic material and ban foreigners from mining them that helped pave the way for China to elbow aside the US as the world’s leading producer. In the intervening period, as China tightened control of domestic output of rare... 

Northern Minerals to raise A$22m

By: Creamer Media Reporter      7th June 2019 Northern Minerals, which operates the Browns Range heavy rare earth pilot plant in Western Australia, has unveiled plans to raise A$22-million. The company will raise A$15-million by way of a placement and is undertaking an one for thirteen accelerated nonrenounceable entitlement offer at... 

Rare earths giant Lynas to prioritise US military's needs, CEO says

By: Bloomberg     7th June 2019 The world’s largest rare-earth producer outside of China will prioritise the US military’s needs when it starts production at a plant it’s building in Texas, the company’s CEO said. While defence applications are small compared to commercial uses, the military has been successful in creating... 

Rare earths giant Lynas to prioritise US military's needs, CEO says
Lynas CEO Amanda Lacaze

China rare earth prices soar on their potential role in trade war

By: Reuters     6th June 2019 Chinese rare earth prices are set to climb further beyond multi-year highs hit following a flurry of state media reports that Beijing could weaponise its supply-dominance of the prized minerals in its trade war with Washington. Rare earths, a group of 17 elements that appear in low... 

Manganese poised to make its mark as EV metal  

By: Martin Creamer     5th June 2019 Manganese could make its mark in the battery electric vehicle (EV) arena by displacing cobalt to a large extent in many of the cathode formulations, where the bulk of battery metals are used. The Junior Indaba heard on Wednesday that manganese, which South Africa hosts in abundance, is in a race... 

Manganese poised to make its mark as EV metal
Junior Indaba strategic metals discussion covered by Mining Weekly Online’s Martin Creamer. Video and Video Editing: Darlene Creamer

US report urges steps to reduce reliance on foreign critical minerals

By: Reuters     5th June 2019 The US Commerce Department on Tuesday recommended urgent steps to boost domestic production of rare earths and other critical minerals, warning that a halt in Chinese or Russian exports could cause "significant shocks" in global supply chains. The report includes 61 specific recommendations -... 

US report urges steps to reduce reliance on foreign critical minerals

China to consider strengthening controls on rare earth exports – NDRC

By: Reuters     5th June 2019 China will consider strengthening controls on exports of rare earths, 17 chemical elements used in high-tech consumer electronics and military equipment, to protect and better use such "strategic resource", the State planner said on Tuesday. Rising tensions between the United States and China... 

Junior mining badly in need of kickstart – Swanepoel   

By: Martin Creamer     4th June 2019 Junior mining is badly in need of a policy framework that will kickstart activity, mining luminary Bernard Swanepoel said on Tuesday. Speaking to a packed 2019 Junior Indaba conference for explorers, developers and investors in junior mining, Swanepoel outlined how he had boldly stepped into the... 

Junior mining badly in need of kickstart – Swanepoel
Junior Indaba opening addresses covered by Mining Weekly Online’s Martin Creamer. Video and Video Editing: Darlene Creamer. Photographs: Creamer Media’s Dylan Slater.

Pensana raises $5m for Longonjo PFS

By: Creamer Media Reporter      4th June 2019 ASX-listed Pensana Metals has raised $5-million through the private placement of 250-million shares at $0.02 a share. The funds will be spent on the prefeasibility study (PFS) into the development of its Longonjo neodymium/praseodymium (NdPr) project, in Angola. 

Australia, Malaysia to meet over rare earths on June 20

By: Reuters     4th June 2019 Australian and Malaysian government officials are due to meet later this month, a state mining spokeswoman confirmed and the plan for Lynas Corp's controversial rare earths waste storage in the country is likely to be at the top of the agenda. Bill Johnston, Western Australia's Minister for... 

Russia owns lots of rare earth but mines little. That's changing 

By: Bloomberg     3rd June 2019 With rare earths in the cross hairs of the US-China trade war, there’s a sharp focus on who else can sell the critical minerals. Russia could become one supplier. The country accounts for less than 2% of global production, but owns the world’s fourth-biggest reserves, according to the US... 

China willing to meet reasonable rare earth demand from other countries

By: Reuters     30th May 2019 China is willing to meet reasonable demand for rare earths from other countries, but it would be unacceptable that countries using Chinese rare earths to manufacture products would turn around and suppress China, its commerce ministry said. That would be unacceptable, Gao Feng, spokesman at the... 

Cautionary rare earths tale found in Molycorp's rise and fall

By: Bloomberg     30th May 2019 Investors with long memories might be forgiven for a sense of deja vu over warnings about rare earths and Chinese supply. Chinese state media reports grabbed global attention Wednesday as they dropped heavy hints about export cuts. Rare earths – a group of 17 obscure, hard-to-pronounce elements... 

Cautionary rare earths tale found in Molycorp's rise and fall
The Mountain Pass mine, in the US.

Here are China's rivals in shipping rare earths to the US

By: Bloomberg     30th May 2019 US consumers of rare earths including makers of magnets used in electric vehicles, drones and robots are likely to scramble for supply of the minerals should China curb exports as the trade war deepens. Here’s a list of alternative exporters that American manufacturers may turn to for rare earth... 

Rare earths give abundant returns as investors guess trade twist

By: Bloomberg     29th May 2019 Returns for investors in Chinese rare earths stocks are looking anything but scarce. Investors are piling into the sector on speculation the materials may be weaponized in China’s tit-for-tat trade war with the US President Xi Jinping’s visit to a rare earth facility in Jiangxi last week fueled... 

Pensana Metals questions rare earths price surge in China

By: Marleny Arnoldi     27th May 2019 Neodymium prices surged towards $50 000/t on the Sanghai Metal Market on Friday, as rare earths hit centre stage in China’s trade dispute with the US, ASX-listed Pensana Metals said in a statement on Monday. The company added that the price surge followed a public visit by Chinese President Xi... 

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

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