We are receiving some very good questions this morning. One writer sent me this question: “In the summer of 2011, thru September, Sumitomo stated it could not find sufficient users in Japan for Molycorp product. In todays webcast [by JP Morgan], Mr. Smith implied everything is okay worldwide. Can you explain the differing corp positions, please?” Would
Continue reading "The Rare Earth Industry: Everything is Going to be Alright." »
November 30, 2011 (Source: CNW) --Tasman Metals Ltd.(Tasman or the Company) (TSXV - TSM;Frankfurt- T61; Pink Sheets - TASXF).Mark Saxon, President CEO, is pleased to announce that Tasman has been approved to list its common shares on the NYSE Amex beginning onDecember 2, 2011, under the ticker symbol TAS. The Company will continue to be listed on
Continue reading "Tasman lists on the NYSE-AMEX under the symbol "TAS"" »
November 30, 2011 (Source: CNW) --Strategic Resources Inc. (Strategic)is pleased to note that it has now been advised by the USForest Service(USFS) that two Plans of Operation submitted for REE breccia pipe targets in the Gallinas Mountains project area have now been approved. Officials at the State of NewMexicohave further advised that a draft version of the
Continue reading "Final Permits Pending for Gallinas Mountains REE Projects" »
November 30, 2011 (Source: Marketwire) --Q3 2011 Revenues Increase by 25%, Q3 2011 Gross Margins Grow by 84% Great Western Minerals Group Ltd. (GWMG or the Company)(TSX VENTURE:GWG) (OTCQX:GWMGF) today announced its financial results for the 3rdQuarter of 2011. GWMG now reports its results under International Financial Reporting Standards. For the three months and the nine months
Continue reading "Great Western Minerals Group Releases 3rd Quarter 2011 Financial Results" »
November 30, 2011 (Source: The Australian) --JUST so you know, Australia doesnt have a bright future as a producer of rare earths. At least that is the opinion of a leading expert on the subject of the 17 elements that make up this very small but vital metals sector. Quite a few mining companies in Australia would,
Continue reading "Bleak rare earths outlook for mines, shareholders, says Lifton" »
November 30, 2011 (Source: The Australian) --DEMAND for rare earth elements has weakened over the past year but a recent fall in prices is a positive development for the industry, rare earths miner Lynas said today. In a speech to the companys annual shareholder meeting, executive chairman Nicholas Curtis said prices reached unsustainable levels earlier in the
Continue reading "Lynas shares rise as price fall brings surety to customers" »
November 30, 2011 (Source: SMH) -- Australia’s largest rare earths miner Lynas Corp says prices for rare earths have fallen in recent months, which is a healthy development for the industry. Lynas is in the development phase of two projects, a concentration plant at Mount Weld in Western Australia and the Lynas Advanced Materials Plant (LAMP) in
Continue reading "Lynas welcomes lower rare earths prices" »
November 30, 2011 (Source: Xinhua) -- China will introduce a special value-added tax invoice for the rare earth sector as soon as possible in order to further crack down on the illegal mining and over-exploration of rare earths, a government official overseeing the sector said Wednesday. Jia Yinsong, chief of the Rare Earth Office of the Ministry
Continue reading "China to introduce special invoice for rare earth sector to curb illegal mining" »
November 30, 2011 (Source: Reuters) -- Chinas rare earth exports stood at 11,000 tonnes from January to September, down 65 percent year on year and constituting just 40 percent of the total export quota for 2011, a government official was quoted as saying on Wednesday. Jia Yinsong, a director in charge of rare earths at the Ministry
Continue reading "China rare earth exports down 65 percent in Jan - Sept" »
November 30, 2011 (Source: Bloomberg) --Lynas Corp. (LYC), an Australian rare earths developer, said it’s near to completing its Malaysian refinery and will be ready to receive concentrate in the first quarter of 2012, pending regulatory approvals. “We are in the final stages of the regulatory approvals process inMalaysia,” Nicholas Curtis, chairman of the Sydney- based company
Continue reading "Lynas Says Malaysia Rare-Earth Refinery Nearly Complete" »
November 29, 2011 (Source: Businesswire) -- Molycorp, Inc. (NYSE: MCP) today announced that it will present to the investment community at the following conference inNew York, NY. November 30, 2011 at 11:45 AM ET: J.P. Morgan SMid Cap Conference in New York. Webcast available at:http://jpmorgan.metameetings.com/webcasts/smidcap11/directlink?ticker=MCP Investors interested in meeting with the company at this event should contact
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For a producer of anything, lower prices is usually the last thing a producer wants. This morning though, we have the CEO of Lynas lauding the recent price retracement in the rare earths and metals sector. Below, this morning’s talking point.Lower rare earths price healthy – Lynas CEOBy: Esmarie Swanepoel 30th November 2011 PERTH (miningweekly.com) − Australia-based
Continue reading "Lower Prices Good." »
November 29th, 2011 (Source: CNW) -- Canadian International Minerals Inc (CIN-TSX.V) is pleased to announce that it has finally received the complete analytic results for the 2011 drilling, which have confirmed the presence of a widely dispersed carbonatite system, with extensive rare earth element (REE) mineralization on its 100% owned Carbo property.The 2011 diamond drilling focused on
Continue reading "Carbo Drilling Confirms Significant Rare Earth Mineralized Alkaline Intrusive System" »
November 29th, 2011 (Source: MarketWire) -- Greenlight Resources Inc. (TSX:GR)(FRANKFURT:PHO) is pleased to announce that it has entered into a letter of intent with Explorex Capital Ltd. (Explorex) whereby Explorex is granted an option to acquire up to an 85% interest in its rare earth element and base metal Porcupine Property located in New Brunswick.The Company recently
Continue reading "GreenLight Announces Joint Venture on its Heavy REE, Base Metal Property, New Brunswick Canada" »
November 29, 2011 (Source: Alkane) -- Highlights of Interview • Revenue assumptions unchanged for Dubbo Zirconia Project.• Market remains strong for main products.• NPV for project of $1.2 billion confirmed.• Exploration program at the DZP.• Process for final approval of Environmental Assessment report at Tomingley.• Updates on Tomingley McPhillamys.• Big year expected for Alkane in 2012. Record
Continue reading "Company Insight - Strong Product Markets & Projects Update" »
November 29th, 2011 (Source: Globe) Globe Metals Mining (“Globe” or “the Company”; ASX: GBE) is pleased to announce it has met the 2nd year obligations under the joint venture agreement with Bala Usokoti Lda, and is now the beneficial owner of a 51% interest in the Mount Muambe Project in Mozambique. To achieve a 70% interest in
Continue reading "Globe achieves 51% project milestone at Mount Muambe" »
November 29, 2011 (Source: Denver Post) -- Greenwood Village-based Molycorp Inc. is partnering with Daido Steel Co. and carmaker Mitsubishi to manufacture rare-earth magnets. The three-way joint venture will manufacture sintered NdFeB (neodymium-iron-boron) permanent rare-earth magnets for use in earth- friendly automobiles and home appliances. The partnership will construct a new manufacturing facility in Japan, which will
Continue reading "Molycorp joins rare-earth magnet venture" »
European legislation will require cars’ CO2 emissions to fall by up to 30 percent over the next few years. In July, the Obama administration announced a deal to increase automobile fuel efficiency to 54.5 miles per gallon by 2025.A recent study by Frost Sullivan found that the auto industry is gearing up for a major shift to
Continue reading "Our EV World." »
November 29, 2011 (Source: Asian Correspondant) -- China says seven men were killed while they were trying to illegally mine the rare earth minerals used in many high-tech products. The official Xinhua News Agency said their bodies were recovered Monday from where they had been buried in a landslide Saturday in the country’s rugged southern region of
Continue reading "7 killed illegally mining rare earths in China" »
November 29, 2011 (Source: Marketwire) -- Montero Mining and Exploration Ltd. (TSX VENTURE:MON) (Montero) announces the appointment of Turgis Consulting (Pty) Ltd. (Turgis) to undertake a scoping level of study on the Wigu Hill Rare Earth Element Project in Tanzania to outline the development plan of a small-scale mining operation. Turgis are a mining focused engineering company,
Continue reading "Montero Appoints Turgis Consulting to Undertake a Scoping Study on the Wigu Hill Rare Earth Project in Tanzania" »
November 29, 2011 (Source: Marketwire) -- Great Western Minerals Group Ltd. (TSX VENTURE:GWG) (OTCQX:GWMGF) (GWMG or the Company) is pleased to provide a progress report on the Companys drill program at its Steenkampskraal rare earth mine site in South Africa. 26 coreholes totaling 2,307 meters have been completed, including 19 holes dedicated to metallurgical mini-bulk sampling and
Continue reading "Great Western Minerals Group Provides Update on Steenkampskraal Rare Earth Drill Program" »
November 28, 2011 (Source: The Guardian) --Electronic waste in California. The US could literally be sitting on a goldmine, says Leon Kaye. Photograph: Steve Yeater/AP Guiyuhas long been a towering symbol of the mounting global problem of e-waste. The town on the South China Sea coast also illustrates the opportunity companies overlook when they send unwanted computers,
Continue reading "Electronic waste refining could be big business for the US" »
November 28, 2011 (Source: The Republic) -- A Brooklyn-based company says it has acquired more than three square miles of northeastWyomingminerals leases with an eye toward mining for rare earth elements. Royal Energy Resources Inc. tells theCasperStar-Tribune (http://bit.ly/rSp8By) it will now seek a permit from theWyomingDepartment of Environmental Quality to prospect for rare earths. Rare earths are
Continue reading "Company hoping to mine rare earth elements acquires Wyo. leases" »
November 28, 2011 (Source: Businesswire) -- Molycorp, Inc. (NYSE: MCP) (Molycorp), Daido Steel Co., Ltd. (Daido), and Mitsubishi Corporation (Mitsubishi) today announced the formation of a joint venture to manufacture and sell next-generation neodymium-iron-boron (NdFeB) permanent rare earth magnets. The joint venture will manufacture sintered NdFeB permanent rare earth magnets with technology licensed from Intermetallics, Inc., apartnership
Continue reading "Molycorp, Daido Steel, & Mitsubishi Corporation Announce Joint Venture To Manufacture Sintered NdFeB Rare Earth Magnets" »
November 28, 2011 (Source: MSN) -- Just twelve short months ago, rare earth playMolycorp(MCP +13.42%) posted third-quarter 2010 revenues of $8.5 million.For the same period this year, sales just spiked 16-fold to $138 million. More important, net income swung from a steep $10 million loss to a hefty $48 million profit, or $0.52 per share.Of course, surging
Continue reading "Molycorp: Rare chance to buy rare earth?" »
November 28, 2011 (Source: NASDAQ) -- US rare-earthminer Molycorp Inc. (MCP) Monday said it is forming a joint venture with Japanese companies, Daido Steel Co. Ltd. and Mitsubishi Corp., to manufacture and sell rare earth magnets targeting automotive and home appliance markets. Following the news, shares of Molycorp rose ten percent on the New York Stock Exchange.
Continue reading "Molycorp To Form Rare-Earth Joint Venture With Daido Steel, Mitsubishi" »
Nov 28, 2011 (Source : Marketwire) -- Quantum Rare Earth Developments Corp. (TSX VENTURE:QRE)(OTCQX:QREDF)(FRANKFURT:BR3) (Quantum or the Company) is pleased to announce that it has entered into an option agreement (the Option Agreement) among its wholly owned subsidiary, Silver Mountain Mines Corp. (Silver Mountain), Perry English for Rubicon Minerals Corporation (English) and Titan Goldworx Resources Inc. (Titan)
Continue reading "Quantum Options Tait Property and Terminates Thunder Bay Option " »
November 28, 2011 (Source: Arafura) -- In accordance with section 251AA of the Corporations Act 2001 the following information isprovided to the ASX in relation to resolutions passed by members of Arafura Resources Limited atits Annual General Meeting held on 25 November 2011. The specific voting preferences indicated by 236 valid proxies holding 37,100,384 ordinary shareswho had
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November 28, 2011 (Source: Arafura) -- Ladies and Gentlemen, Good Afternoon, it is a pleasure to be here with you today. I would like to extend a warm welcome to all our shareholders,some of whom have travelled considerable distances to be heretoday. I appreciate your support. Please let me begin with some acknowledgements. My best wishes to
Continue reading "Annual General Meeting Speech By The MD & CEO, Dr Steve Ward" »
By 2030, more than 60 percent of the world’s 8 billion people will live in urban areas. The Chevrolet EN-V represents a possible solution for global customers living in markets where alternative transportation solutions are needed.Will Sparks fly in the battle with Volts? Last month GM announced their decision to take on the Nissan Leaf battery electric
Continue reading "Volt v Spark." »
The flight to San Francisco is a relatively long one (5hr, 26min) and it didnt help that we were on the runway for an extra hour. Add in 90 minutes pre-boarding for an international flights and time to and from the airport, and this is a 10hr trip. No worries, as the flight was full of REE
Continue reading "Handle Europium with Care to Avoid Walking on the Tips of your Toes." »
Everyone these days has just about written off the light rare earths. Well, if not writing them off, then being very dismissive about the chances of anyone making much money out of them. Petra Capital of Sydney disagrees. “Light rare earths are correcting but remain attractive,” the brokerage argues in its latest report of emerging Australian producer,
Continue reading "Broker: another supply estimate, nod to Alkane" »
November 25, 2011 (Source: The Guardian) -- This weeks element is Yttrium, known by the atomic symbol, Y, and the atomic number 39. Originally, its atomic symbol was Yt, but sometime in the early 1920s, it was replaced by Y. This element gets its strange name from the village of Ytterby in Sweden, which is located near
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November 25, 2011 (Source: NASDAQ) -- Australian rare earths developer Arafura Resources had backed out from a planned $74 million share sale as the continuing instability in the global markets have affected thecompanysshareprices. In October, Arafura launched a one-for-three non-renounceable rights issue at a share price of 60c a share, with the offer closing on Wednesday. Funds
Continue reading "in Australia's Arafura Rare Earths Miner Cancels $74 M Shares Sale" »
“The government is still the most powerful force in China, and they have just adopted their 12th five-year plan, emphasizing food safety and domestic consumption,” David Gao, Walmart’s government-relations director for China, told me in the company’s Shenzhen headquarters. “If we want to push sustainability efforts and grow here, we have to have government support. So we
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November 24, 2011 (Source: Fieldex) -- Fieldex Exploration Inc. (TSXV: FLX) (Frankfurt: F7E) is pleased to announce that it has entered into an option agreement with prospector Larry Desgagné to acquire a 100% interest in 90 mining claims comprising the Nicobi Property covering more than 5,040 hectares (50.40 sq. km) located in the Abitibi greenstone belt about
Continue reading "Fieldex Options Nicobi Copper Project in Quebec" »
Basic research into the unique properties of the rare earths and its compounds continues to throw out new potential significant uses. Researchers in Arizona have found that the efficiency of solar panels can be significantly enhanced by the use of... (Ready for this?) – ‘erbium nanowires’. Erbium is one of the rarer Heavy Rare Earths Elements (HREEs).
Continue reading "Erbium nanowires -- Making ‘bright’ ideas... Better!" »
November 24, 2011 (Source: Arafura) -- Australian rare earths company Arafura Resources Limited (ASX: ARU) (Arafura or the Company) today advises that it has cancelled the Non Renounceable Rights Issue announced on 18 October 2011 and all monies will be refunded to those shareholders who took up their entitlements. Volatility in global financial markets have seen the
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November 24, 2011 (Source: Arafura) -- SUSPENSION FROM OFFICIAL QUOTATION DEFERRED SETTLEMENT TRADING (ARUN) Deferred settlement trading of the securities of Arafura Resources Limited (ARUN) (the “Company”) will be suspended from quotation immediately, at the request of the Company, pending the release of an announcement. Security Code:ARUN Dave FilovAdviser Listings (Perth)
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November 24, 2011 (Source: Marketwire) -- Dacha Strategic Metals Inc. (Dacha or the Company) (TSX VENTURE:DSM)(OTCQX:DCHAF) is pleased to announce that it has released its interim financial results for the three and six months ended September 30, 2011. For more information please see the Companys interim financial statements and Managements Discussion and Analysis (MDA) posted on SEDAR
Continue reading "Dacha Reports Net Income of US$0.94 Per Share and Financial Results for the Six Months Ending September 30, 2011" »
November 23, 2011 (Source: Marketwire) --Avalon Rare Metals Inc.(TSX:AVL)(NYSE Amex:AVL) (Avalon or the Company) is pleased to announce that the Company has hired Mr. Mark Wiseman to fill the position of Vice President, Sustainability. In this position, Mr. Wiseman will be responsible for ensuring that Avalon delivers on all of its Corporate Social Responsibility obligations. Most importantly,
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November 23, 2011 (Source: Marketwire) -- Pele Mountain Resources Inc. (TSX VENTURE:GEM)(OTCQX:GOLDF) (Pele or the Company) today announced that processing design improvements have resulted in sharply higher recoveries of critical rare earth oxides (REO), including neodymium, dysprosium and yttrium oxides, (Peles Big 3 REO) at its Eco Ridge Mine Rare Earths and Uranium Project (Eco Ridge or
Continue reading "Major Processing Design Improvements Boost Recovery of Critical Rare Earths at Pele Mountain's Eco Ridge Mine Project" »
I love this business. This morning we have had over 1600 unique visitors to RareMetalBlog linked through Facebook, then I was asked by yet another report issuer company for one of our editors to write him an analysis of the rare earth industry. He wanted to pay one of our writers $9k for 30,000 words. Anyone laughing?
Continue reading "Watercooler Confessions: Rare Earths from-the-street..." »
November 23, 2011 (Source: Marketwire) -- Key Point Summary Hathor Joint Venture at Henday - on hold until Takeover Bids by Cameco and Rio Tinto are resolved Northwest Athabasca (Maurice Bay Deposit) - drill program to start early January, 2012 North Thelon - summer drill results pending Key Lake Road - drill ready Rare Earth Elements -
Continue reading "Forum Uranium Corp. Exploration Update, Saskatchewan and Nunavut" »
Can the future of lighting really be Light-Emitting Diodes costing up to $50, compared to Compact Fluorescent Lamps costing as little as $3.00? One thing is certain, it won’t any longer be incandescent lighting. With China, the world’s leading manufacturer of incandescent light bulbs, switching away from incandescents over the rest of this decade starting next year,
Continue reading "The Future : LED." »
November 22, 2011 (Source: Marketwire) --Great Western Minerals Group Ltd. (GWMG or the Company) (TSX VENTURE:GWG) (OTCQX:GWMGF) Corporate Holdings: 1 Rare Earth former producer: Steenkampskraal mine in South Africa. GWMG holds controlling interest in the mine through its 100% shareholding of Rare Earth Extraction Co. Limited (Rareco). 2 Rare Earth processing plants: Less Common Metals Limited (LCM)
Continue reading "Great Western Minerals Group: Corporate Update" »
November 22, 2011 (Source: Hastings) -- Hastings set to develop one of the world’s richest heavy rare earth deposits Hastings Rare Metals Ltd (ASX:HAS) is pleased to announce the resultsof a scoping study on its 100% owned Hastings Heavy Rare EarthProject located near Halls Creek in the Kimberley Region of WesternAustralia. The study highlights the project’s potential
Continue reading "Scoping Study Confirms Profitable Potential of Hastings’ Heavy Rare Earth Project " »
November 22, 2011 (Source: Globe Metals) -- Globe Metals Mining (“Globe” or “the Company”; ASX: GBE) is pleased to announce the commencement of the 2011 drilling campaign at the Machinga REE Project in Malawi. Highlights 2011 drilling campaign to target and extend significant heavy rare earth oxides(HREO) and niobium (Nb) mineralisation identified in 2010 Dysprosium (Dy) occurs
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November 22, 2011 (Source: Businesswire) -- Texas Rare Earth Resources Corp. (the “Company”) (OTCQB: TRER), a heavy rare earths exploration and developmentcompany, today provided an update on its heavy rare earth project at Round Top Mountain in South Texas and a review of its financial statements for its fiscal year ended August 31,2011. Marc Levier, President and
Continue reading "Texas Rare Earth Resources Provides Project and Corporate Update and Fiscal Year End 2011 Review" »
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