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Rare Earth Minerals News

Tsodilo gets green light to list on OTCQB

By: Donna Slater     4th March 2021 TSX-V-listed diamond and metals exploration company Tsodilo Resources has received approval to start trading on the OTCQB Venture Market under the symbol TSDRF as of the start of trading on March 4. Chairperson and CEO James Bruchs says the company believes a secondary listing on this market... 

Rare earth, uranium miners benefit from EV mania and dash of ESG

By: Bloomberg     4th March 2021 Rare earth miners and uranium producers are reaping rewards from the flood of money pouring into electrification and ESG investing themes. Lithium producers have been more traditional beneficiaries of EV and the green energy push. But more recently, rare earth producers have also started to... 

The Mountain Pass mine contains more than 800 000 t of recoverable rare earth oxides with an average 8% ore grade, one of the highest quality known deposits in the world.
The Mountain Pass mine contains more than 800 000 t of recoverable rare earth oxides with an average 8% ore grade, one of the highest quality known deposits in the world.

Mining magnets: Arctic island finds green power can be a curse

By: Reuters     3rd March 2021 In the tenth century, Erik the Red, a Viking from Iceland, was so impressed with the vegetation on another Arctic island he had found he called it "the green land". Today, it's Greenland's rocks that are attracting outsiders - superpowers riding a green revolution. The world's biggest island has... 

Greenland Minerals and Energy's Kvanefjeld
Greenland Minerals and Energy's Kvanefjeld

Pensana bolsters board with appointment of new nonexec director

By: Creamer Media Reporter      2nd March 2021 London-listed Pensana has appointed Dr Jeremy John Beeton as a nonexecutive director, with immediate effect. "We warmly welcome Jeremy to the board. As we move into the financing and construction phase of the Saltend processing facility and the mine development in Angola, Jeremy brings extensive... 

New rare earth initiative spanning Europe and North America launched

By: Creamer Media Reporter      2nd March 2021 Rare earth company Neo Performance Materials has teamed up with US-based Energy Fuels to launch a new production initiative, spanning European and North American critical material supply chains. The initiative will produce value-added rare earth products from natural monazite sands, a byproduct... 

The White Mesa mill in Utah
The White Mesa mill in Utah

ASM eyes Korean plant start in 2022

By: Esmarie Iannucci     2nd March 2021 A scoping study by ASX-listed Australian Strategic Materials (ASM) into an initial 5 200 t/y metals plant in Korea, has demonstrated the feasibility for the project. The company is hoping to independently produce key critical metals, focusing on rare earths, titanium and zirconium metals,... 

China says underpricing rare earths will lead to race to bottom

By: Reuters     1st March 2021 China's rare earths are underpriced due to vicious competition and face low resource utilisation, which would lead to a race to the bottom, the country's industry minister said on Monday. "Our rare earths did not sell at the 'rare' price but sold at the 'earth' price... because of competitive... 

Workers transport soil containing rare earth elements for export at a port in Lianyungang, Jiangsu province. China's rare earth exports hit a five-year low last year.
Workers transport soil containing rare earth elements for export at a port in Lianyungang, Jiangsu province. China's rare earth exports hit a five-year low last year.

Lynas profits soar

By: Esmarie Iannucci     26th February 2021 Rare earths miner Lynas has reported a significant increase in its net profits and revenues for the half year ended December, with record sales achieved in the December quarter. The ASX-listed miner on Friday reported that net profits for the interim period increased to A$40.6-million, up from... 

US miner applauds Biden’s order on securing critical supply chains 

By: Mariaan Webb     25th February 2021 President Joe Biden on Wednesday signed an executive order targeting supply chains in key industries to bolster domestic production and avoid shortages of critical products. The order directs an immediate 100-day review across federal agencies to address vulnerabilities in the supply chains... 

President Joe Biden
President Joe Biden

Test mine study under way for Fourth Industrial Revolution try-outs  

By: Martin Creamer     24th February 2021 A feasibility study is under way on a mine selected for the testing of Fourth Industrial Revolution (4IR) technologies ahead of their implementation, Minerals Council South Africa senior executive modernisation and safety Sietse van der Woude said on Wednesday. Van der Woude was answering... 

Clockwise from top left Sietse van der Woude, Ian Mackay, and Bernard Swanepoel.
Joburg Indaba Modernisation in Mining virtual event covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Mkango starts flotation pilot testwork at Malawi project

By: Marleny Arnoldi     24th February 2021 Aim-listed Mkango Resources has started with testwork on a pilot flotation plant for the Songwe Hill rare earths project, in Malawi. The pilot programme is being conducted at ALS Metallurgy, in Perth, with a new flotation regime planned to be scaled up as part of the programme.  

Study shows potential to double capacity, reduce costs at Gakara processing plant

By: Donna Slater     23rd February 2021 An enhanced scoping study for Rainbow Rare Earths’ Gakara rare earths project points to a doubling of rare earth elements cracking plant capacity, from 5 000 t/y to 10 000 t/y. Rainbow sought to update the feasibility of the processing facility to produce a high-purity cerium-depleted mixed rare... 

China boosts its mining quota for first batch of rare earths

By: Bloomberg     22nd February 2021 China increased its mining quota for the first batch of rare earths by 27% from a year earlier, with demand for the strategic minerals unabated despite the pandemic. The new quota for the first batch is 84 000 t, China’s Ministry of Industry and Information Technology said in a statement on... 

Hastings enlarges capital raise to A$100m

By: Esmarie Iannucci     22nd February 2021 Rare earths developer Hastings Technology Metals on Monday said that it had received firm commitments to raise more than A$100-million through a two-tranche placement to accelerate the construction if its Yangibana project. The company last week announced a fully underwritten placement to... 

China may ban rare earth technology exports on security concerns 

By: Bloomberg     19th February 2021 China may ban the export of rare-earths refining technology to countries or companies it deems as a threat on state security concerns, according to a person familiar with the matter. The Chinese government is currently conducting a review of its rare-earths policy. Officials view the technology... 

China may ban rare earth technology exports on security concerns

Hastings sets cap for A$57m raise

By: Esmarie Iannucci     18th February 2021 ASX-listed Hastings Technology Metals has launched a A$57.2-million capital raise to advance its Yangibana rare earths project, in Western Australia. The company on Thursday announced that it would place some 301.1-million shares at a price of 19c each, representing a 20.8% discount to... 

Ionic raises cash for Ugandan project

By: Esmarie Iannucci     17th February 2021 ASX-listed Ionic Rare Earths will raise A$12-million in a share placement, priced at 4c each to both new and existing institutional shareholders. The company on Wednesday announced that it had received binding commitments for the placement of 300-million shares at an issue price of 4c each,... 

China eyes rare earth export curbs for US defence sector – FT

By: Bloomberg     17th February 2021 China is exploring whether it can hurt U.S. defense contractors by limiting supplies of rare-earth minerals that are critical to the industry, the Financial Times reported. Industry executives said government officials had asked them how badly companies in the US and Europe would be affected if... 

Northern Minerals raises A$20m

By: Esmarie Iannucci     16th February 2021 ASX-listed Northern Minerals will raise A$20-million in an oversubscribed share placement to sophisticated and institutional investors. The company on Tuesday said that the private placement was priced at 4.9c a share, a 5.8% discount to Northern Minerals’ last closing price of 5.2c a share on... 

Phalaborwa assay results confirm high-grade nature of mineralisation

By: Tasneem Bulbulia     12th February 2021 Aim-listed Rainbow Rare Earths has received the first batch of assay results of the auger drilling programme completed at the Phalaborwa rare earths project in South Africa, which have confirmed the high-grade nature of the mineralisation. The results confirmed an average in situ grade of 0.50%... 

Vision Blue helping world to achieve green dream with high-return prospects for investors  

By: Martin Creamer     10th February 2021 The world’s energy transition away from fossil fuels is a phenomenon that is not dependent on any assumptions about gross domestic product (GDP) growth or countries urbanising or industrialising. It is a phenomenon driven by international consensus that the carbon footprint of the world has to be... 

Sir Mick Davis
Sir Mick Davis interviewed by Mining Weekly’s Martin Creamer about Vision Blue Resources. Video: Darlene Creamer.

Possible impact of Myanmar coup on China's metal and rare earth supply

By: Reuters     10th February 2021 Myanmar's military coup and declaration of a state of emergency has sparked concern in neighbouring China over metal and mineral supplies amid already high tin, copper and rare earth prices. Below is a description of trade flows from Myanmar to China, the world's top metals consumer, with... 

Platinum group metals outlook: constrained supply, very strong demand growth – WPIC  

By: Martin Creamer     8th February 2021 The outlook for platinum group metals (PGMs) is one of constrained supply and very strong demand growth. “You’ve got the entire PGMs suite that is short and that certainly will translate into tight markets,” World Platinum Investment Council (WPIC) Director of Research Trevor Raymond told Mining... 

World Platinum Investment Council Director of Research Trevor Raymond
World Platinum Investment Council Director of Research Trevor Raymond interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Kvanefjeld public consultation extended

By: Esmarie Iannucci     5th February 2021 The government of Greenland has extended the public consultation period for the Kvanefjeld rare earths project until June 1. ASX-listed Greenland Minerals on Friday said that this extension would result in a 23-weeek consultation period, instead of the originally determined 12 weeks. 

Botswana intensifying effort to attract non-diamond exploration  

By: Martin Creamer     3rd February 2021 Botswana has intensified efforts to digitise and make geoscience information readily available to local and international potential investors in an effort to encourage prospecting for non-diamond minerals, Botswana President Mokgweetsi Masisi told the virtual 2021 Investing in African Mining... 

Botswana president Mokgweetsi Masisi
Photo by Creamer Media
Botswana president Mokgweetsi Masisi

Vital inks offtake agreement

By: Esmarie Iannucci     2nd February 2021 ASX-listed Vital Metals has signed a definitive offtake agreement with REEtec to supply 1 000 t/y of rare earth oxide for a period of five years. Under the terms of the agreement, both parties would have the option to increase the offtake volume by up to 5 000 t/y over ten years. 

‘We need exploration to grow our industry’ – Minerals Council  

By: Martin Creamer     1st February 2021 “We need exploration to grow our industry,” Minerals Council South Africa president Mxolisi Mgojo said on Monday during a virtual State of the Mining Nation media briefing in which he described exploration as one of the low-hanging fruits that could change South Africa’s economic trajectory in... 

Minerals Council South Africa president Mxolisi Mgojo
Minerals Council South Africa media brief reporting by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Rainbow enhances senior project development team

By: Tasneem Bulbulia     26th January 2021 Aim-listed Rainbow Rare Earths has appointed Chris le Roux as lead process consultant and Charles Graham as lead project manager. Le Roux is a process engineer, with significant experience and an in-depth knowledge of numerous technical processing operations, the company noted. 

Pensana applies for UK’s first rare earth processing facility

By: Esmarie Iannucci     25th January 2021 Rare earths developer Pensana has submitted a planning application for its rare earth oxide separation facility in Yorkshire. The company told shareholders on Monday that the application could take up to three months to review. The $125-million facility is expected to employ some 100 direct... 

Pensana seeks to change name ahead of ASX delisting next month

By: Simone Liedtke     22nd January 2021 Ahead of the company’s delisting from the ASX next month, Pensana Rare Earths is considering changing its name to Pensana. In a statement on January 22, the rare earth oxide producer confirmed that it will be holding a general meeting on February 8 and has urged shareholders to vote on the name... 

Lynas gets going on US project

By: Esmarie Iannucci     22nd January 2021 Australian rare earths major Lynas has reached an agreement with the US government to build a commercial light rare earths separation plant. The US Department of Defence in July last year told Lynas of its intent to award the company with a Phase 1 contract for a US-based heavy rare earths... 

Pensana to delist from the ASX

By: Donna Slater     18th January 2021 LSE-listed rare earth and magnet metals developer Pensana Rare Earths plans to delist from the ASX. It has requested a trading halt while it makes an application to the ASX about the proposed delisting.  

Rio Tinto enters scandium market with Canada plant

By: Mariaan Webb     15th January 2021 Diversified major Rio Tinto is set to become North America’s first producer of scandium oxide, with the construction of a commercial scale demonstration plant at its Rio Tinto Fer et Titane (RTFT) metallurgical complex in Sorel-Tracy, Quebec. Rio Tinto is investing$6-million in the construction... 

China's annual rare earths exports slump to 5-year low

By: Reuters     14th January 2021 China's rare earths exports fell to a five-year low last year, customs data showed on Thursday, after the coronavirus hit overseas demand and as more supply was used in domestic industries. Shipments reached 35 448 t, down 23% from 46 330 t in 2019 and the lowest since 2015, according to Reuters... 

Kenmare records strong fourth-quarter output on the back of higher-grade ore

By: Marleny Arnoldi     13th January 2021 London-listed Kenmare Resources says it experienced a pivotal time in the fourth quarter of last year, benefitting from higher ore grades and higher ilmenite prices. During the quarter under review, the company started mining the Pilivili orezone at its Moma titanium minerals mine, in... 

Montero secures funding for lawsuit against Tanzanian government

By: Creamer Media Reporter      10th January 2021 Junior exploration company Montero Mining and Exploration has completed a litigation funding agreement with Omni Bridgeway Canada to draw down $2.32-million from a financing facility to meet fees and expenses relating to Montero's pursuit of legal claims against the government of Tanzania.... 

Rainbow completes drilling at Phalaborwa rare earths project

By: Tasneem Bulbulia     7th January 2021 Aim-listed Rainbow Rare Earths has completed an auger drilling programme at the Phalaborwa rare earths project, in South Africa. The programme was aimed at delivering an inferred Joint Ore Reserves Committee-compliant resource classification, within the 35-million-tonne gypsum stacks. 

Power Metal accelerates payment for JV with Kavango

By: Tasneem Bulbulia     6th January 2021 London-listed Power Metal Resources has elected to immediately pay its initial $150 000 cash contribution towards exploration into the strategic joint venture (SJV) with fellow listed  Kavango Resources.  The SJV covers precious, base and strategic metal opportunities in Botswana. 

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