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Rare Earth Minerals News

Hastings raises cash for Yangibana

By: Esmarie Iannucci     26th August 2020 Rare earths developer Hastings Technology Metals will raise A$14.6-million in a share placement to advance its Yangibana project, in Western Australia. The company on Wednesday said it would issue some 117-million new shares to institutional, sophisticated and professional investors at a price... 

Electra Mining Africa 2020 going digital with Connect – and it’s free of charge 

By: Martin Creamer     20th August 2020 The Electra Mining Africa Connect week will enable exhibitors to promote their products and services free of charge alongside industry-related informative webinars, media activations and product showcase opportunities from September 7 to 11. For the first time in 48 years, Electra Mining Africa... 

Electra Mining Africa 2020 going digital with Connect – and it’s free of charge
Specialised Exhibitions MD Gary Corin outlines Electra Mining Africa 2020 Connect plans to Martin Creamer. Video: Darlene Creamer.

Lynas sets A$425m raising target as profits fall

By: Esmarie Iannucci     17th August 2020 Rare earths miner Lynas on Monday announced a A$425-million equity raise to fund its Lynas 2025 foundation projects, while also reporting a loss in earnings and revenue for the full year ended June. Lynas has announced that revenue for the full year had decreased from the A$363.5-million... 

Lynas sets A$425m raising target as profits fall

Awesome new proudly South African face mask kindling international interest   

By: Martin Creamer     13th August 2020 An awesome new proudly South African face mask, with a replaceable filtration system at its heart, is attracting international interest. The innovative and timely Hudaco Air Mask is a lockdown-period product of the Johannesburg Stock Exchange-listed Hudaco Industries group. (Also watch attached... 

Awesome new proudly South African face mask kindling international interest
Hudaco CEO Graham Dunford and Hudaco’s executive consultant Mike Allnutt discuss the new Hudaco face mask innovation with Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

JARE reconfirms Lynas commitment

By: Esmarie Iannucci     13th August 2020 Rare earths miner Lynas on Thursday told shareholders that it had inked a letter of agreement with Japan Rare Earths (JARE) reconfirming that company’s long-term support of Lynas. The two companies are parties to a long-term loan facility with a balance of $145-million at an interest rate of... 

Mine export values back but volumes need boosting – Minerals Council 

By: Martin Creamer     10th August 2020 South Africa’s mine export values have bounced back encouragingly but volumes still need boosting. June’s export value was 13% up on May. 

Mine export values back but volumes need boosting – Minerals Council
Production and export volumes compared with export values.

Zenith sells US rare earth project

By: Esmarie Iannucci     6th August 2020 ASX-listed American Rare Earths has struck a share purchase agreement with fellow listed Zenith Minerals over its Laramie rare earths project, in Wyoming. Under the terms of the agreement, American Rare Earths would acquire Zenith’s wholly owned subsidiary Wyoming Rare for 2.5-million of its own... 

Lynas targets PDF by 2021

By: Esmarie Iannucci     5th August 2020 Rare earths miner Lynas on Wednesday said that it was hoping to start the development of its permanent deposit facility (PDF), in Malaysia, by early 2021. The company has welcomed comments from the Malaysian government that the Atomic Energy Licensing Board had approved the proposed site for the... 

Drill testing at Pensana’s Angola project exceeds expectations

By: Simone Liedtke     4th August 2020 Dual-listed Pensana Rare Earths has completed the last 86 holes of its 8 000 m drill programme at its Longonjo neodymium/praseodymium (NdPr) project, in Angola. The programme is in support of a bankable feasibility study (BFS), the results of which is expected to be published in mid-October. 

Nolans Major Project status extended

By: Esmarie Iannucci     31st July 2020 The Australian government has renewed the Major Project status of the Nolans rare earths project, in the Northern Territory, for a further three years. Project owner Arafura Resource son Friday said that the renewal of the Major Project status coincided with the grant of the Nolans mineral... 

Pensana appoints SI Capital as stockbroker

By: Marleny Arnoldi     29th July 2020 London-listed Pensana Rare Earths has engaged fellow-listed SI Capital as a stockbroker to present the Pensana investment case to its high net worth clients who are continuing to increase their holdings in the company. SI Capital is a specialist, full service stockbroker based in Surrey and... 

Alkane completes AMS demerger

By: Esmarie Iannucci     29th July 2020 ASX-listed Alkane Resources has completed the demerger of subsidiary Australian Strategic Materials (AMS), announcing on Wednesday the in specie distribution and transfer of shares to eligible shareholders. Alkane in May this year announced the demerger plans for AMS, which holds the Dubbo rare... 

Hastings cuts costs at Yangibana

By: Esmarie Iannucci     29th July 2020 Rare earths developer Hastings Technology Metals has reduced the capital cost expectations at its Yangibana project, in Western Australia, by some A$68-million. The cost savings come as the company pursues a decoupled processing strategy and a relocation of the hydrometallurgical plant to the... 

Pensana appoints Paradigm to consultancy arsenal

By: Marleny Arnoldi     27th July 2020 LSE- and ASX-listed Pensana Rare Earths has appointed Paradigm Project Management to oversee the Longonjo rare earths project in Angola. Pensana says the company brings an Afri-centric engineering capacity to the team and will help coordinate the bankable feasibility (BFS) study for the project.  

Lynas signs contract with US Department of Defence

By: Esmarie Iannucci     27th July 2020 Rare earths miner Lynas has inked a contract with the US Department of Defence (Dod) for Phase 1 work on a US-based heavy rare earths separation facility. The DoD in April this year told Lynas of its intent to award a Phase 1 contract for the separation facility, with the funding to allow Lynas... 

Lynas signs contract with US Department of Defence

US House launches caucus to boost strategic minerals production

By: Reuters     24th July 2020 The US House of Representatives launched a bipartisan caucus on Friday to focus on ways to increase domestic production of specialised minerals used to make missiles, cell phones and other high-tech equipment. The Critical Materials Caucus is the latest effort by officials in Washington to blunt... 

NioCorp welcomes US decision to prioritise local rare earth production

By: Tasneem Bulbulia     24th July 2020 TSX-listed NioCorp Developments has applauded the US House of Representatives for including in its fiscal year 2021 National Defense Authorization Act (NDAA) legislative provisions aimed at highlighting the growing urgency for the US to produce more of its own critical minerals, including... 

Tsodilo Resources and TBM enter into royalty agreement

By: Donna Slater     23rd July 2020 TSX-V-listed diamond and metals explorer Tsodilo Resources has reached an agreement to grant private Botswana-based alternative investment firm TBM royalties on its wholly-owned Botswana subsidiary Gcwihaba Resources’ metal projects for $500 000. Gcwihaba’s metal licenses include those for base... 

Pentagon resumes rare earths funding program after review

By: Reuters     23rd July 2020 The US Department of Defense has resumed funding for two projects to process rare earth minerals for military weapons after a review found the grants are in the best interest of the US government, according to documents seen by Reuters. The Pentagon on April 22 awarded Australia’s Lynas and... 

Lynas nearly halves production in June quarter

By: Esmarie Iannucci     22nd July 2020 Rare earths miner Lynas saw production in the June quarter nearly halve compared with the previous quarter, as operations were halted amid the Covid-19 pandemic. Neodymium-praseodymium (NdPr) production for the June quarter reached 775 t, compared with the 1 369 t in the previous quarter, while... 

Nolans granted mineral lease

By: Esmarie Iannucci     22nd July 2020 The Northern Territory government has granted the mineral leases for the Nolans neodymium-praseodymium (NdPr), ASX-listed Arafura Resources reported on Wednesday. The mineral leases, which will host the Nolans mine, process plant, waste storage facilities and accommodation village, are for an... 

Round Top Mountain rare earths project goes 100% renewable

By: Mariaan Webb     21st July 2020 The Round Top heavy rare earth and critical mineral project in West Texas, US, will be powered by only renewable energy, funding and development partner USA Rare Earth announced on Tuesday. The project is located in Hudspeth county, which reports 292 days of sunshine a year with average sunshine... 

Round Top Mountain rare earths project goes 100% renewable

Pensana seeks cash from banks, UK funds for Angola project

By: Reuters     21st July 2020 Pensana Rare Earths is in early stage talks with lenders including Barclays, South Africa's Rand Merchant Bank (RMB) and funds including Fidelity to secure more funding for its Angola project. Chairman Paul Atherley said the miner planned to raise between $30-million and $50-million of working... 

Pensana, Chinese company to cooperate at Angola project

By: Tasneem Bulbulia     20th July 2020 Dual-listed Pensana Rare Earth has entered into a heads of agreement with China Great Wall Industry Corporation (CGWIC) for the purposes of cooperating at Pensana's Longonjo rare earths project in Angola. CGWIC is a company with expertise and experience in international engineering and is... 

‘Historic dumps’ do not appear to be MPRDA regulated – law firm 

By: Martin Creamer     20th July 2020 South Africa’s ‘historic dumps’­ – mine dumps created prior to the promulgation of the Minerals and Petroleum Resources Development Act (MPRDA) which took effect in 2004 – do not appear to be regulated under the MPRDA, and the common law owners of such dumps do not require a right under the MPRDA... 

‘Historic dumps’ do not appear to be MPRDA regulated – law firm
Herbert Smith Freehills Patrick Leyden and Aobakwe Mametse.

Vital eyes 2021 start for Canadian mine

By: Esmarie Iannucci     16th July 2020 ASX-listed Vital Minerals is targeting a 2021 start for its Nechalacho rare earths project, in Canada. An independent study on the construction and operation of the Nechalacho project found that the ore sorting plant would require a capital investment of $3.7-million. 

US rare earths miner MP Materials to go public in $1.47bn deal

By: Reuters     15th July 2020 US rare earths miner MP Materials will go public in a $1.47-billion deal by merging with a private-equity backed blank-check company, underscoring Wall Street's rising interest in efforts to boost production of the strategic minerals. The listing on the New York Stock Exchange would be the first... 

Lynas starts work on Kalgoorlie plant

By: Esmarie Iannucci     15th July 2020 Rare earths miner Lynas Corporation has marked the first step of the construction of its rare earths processing plant in Kalgoorlie with the award of a $15-million contract with Metso Outotec to supply the plant’s kiln. The 110 m-long, 1 500 t kiln is the largest and longest lead time piece of... 

Global mining sharing knowledge in response to Covid-19  

By: Martin Creamer     14th July 2020 The International Council on Mining & Metals (ICMM) has been convening many knowledge-sharing sessions in response to the coronavirus. Among ICMM’s 27 mining and metals company members and 36 association members are South Africa’s African Rainbow Minerals, Anglo American, AngloGold Ashanti,... 

Global mining sharing knowledge in response to Covid-19
International Council on Mining and Metals CEO Tom Butler talks to Mining Weekly’s Martin Creamer. Video: Darlene Creamer

Positive reaction to ANC document’s encouragement of exploration  

By: Martin Creamer     14th July 2020 Reaction has been positive to the discussion document of economic transformation committee (ETC) of the African National Congress (ANC), which states that the listing of mining companies on the Johannesburg Stock Exchange (JSE) should be encouraged and mining exploration incentivised, as is the... 

Positive reaction to ANC document’s encouragement of exploration
Photo by Creamer Media
Paul Miller...flashback to his period in coal exploration and development.

Covid opens up opportunity for more constructive, purposeful dialogue – Minsur  

By: Martin Creamer     13th July 2020 The Covid-19 pandemic has allowed the mining industry to highlight and strengthen its role as a catalyst of social development in the areas in which it operates, Minsur  CEO Juan Luis Krueger said on Monday. Krueger was speaking during an  International Council on Mining and Metals (ICMM) online... 

Covid opens up opportunity for more constructive, purposeful dialogue – Minsur
International Council on Mining and Metals virtual Covid event covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Drilling results confirm high-grade intersections at Pensana's Angola project

By: Simone Liedtke     13th July 2020 Dual-listed Pensana Rare Earths has completed a further 34 holes of its 8 000 m drill programme at the Longonjo project, in Angola, the results of which confirm particularly high-grade intersections from surface in the area of proposed first mining.   The programme is in support of the bankable... 

Investors in mining exploration should be incentivised – ANC’s ETC 

By: Martin Creamer     13th July 2020 Listings of mining companies on the Johannesburg Stock Exchange should be encouraged and South African retail investors willing to invest in mining exploration should be incentivised as is the case in other mining jurisdictions, the economic transformation committee (ETC) of the African National... 

Investors in mining exploration should be incentivised – ANC’s ETC
Photo by Creamer Media
ANC document says mining exploration should be incentivised.

Return of foreign mineworkers taking double planned time   

By: Martin Creamer     13th July 2020 The return of the 12 500 foreign mineworkers to South Africa’s mines is taking double the time planned. The initial ten-day plan of Minerals Council South Africa has become a 20-day plan because of the need to overcome bottlenecks. 

Return of foreign mineworkers taking double planned time
Minerals Council South Africa Covid update covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Minerals Council regrets delay of 2018 Mining Charter review 

By: Martin Creamer     6th July 2020 Minerals Council South Africa on Monday expressed regret that the finalisation of the review of the contested elements of the 2018 Mining Charter had been delayed following a judgement of the full bench of the High Court in Pretoria ordering that a number of other parties be joined to the action.... 

Minerals Council regrets delay of 2018 Mining Charter review
Photo by Creamer Media
Minerals Council South Africa.

Pensana Rare Earths lists on LSE

By: Simone Liedtke     6th July 2020 ASX-listed Pensana Rare Earths started trading on the LSE on July 6. The company has more than 188.2-million ordinary shares in issue and is not raising any funds. Chairperson Paul Atherley says the $16-trillion post-Covid stimulus programmes that have been announced globally are “transforming... 

Pensana Rare Earths lists on LSE

Covid kills 13 mineworkers, no foreigners back at work  

By: Martin Creamer     2nd July 2020 Thirteen mineworkers have now succumbed to the coronavirus, Minerals Council South Africa public affairs and transformation senior executive Tebello Chabana said on Thursday. Of the 13 who have died, seven were employed in platinum mining in North West province, which has the most cases at 1 413... 

Covid kills 13 mineworkers, no foreigners back at work
Minerals Council South Africa Covid update covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Partial restart planned at Browns Range

By: Esmarie Iannucci     1st July 2020 Rare earths producer Northern Minerals on Wednesday announced that it would partially restart operations at its Browns Range pilot plant, in Western Australia, while also restarting exploration activities across its tenements. The company in March this year temporarily suspended operations at... 

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