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Posts from July 2010

Saturday, July 31, 2010

RareMetalBlog Week in Review (July 23-31, 2010)

To start off the week RMB Readers Break Records LYNAS REE Numbers Kick off Debate.It began with a reader who wrote“I am not sure if you are aware but yesterday LYC reported massive price increase in their basket of REEs. This is a weekly increase of approximately 16%...I am just wondering if you have heard anything in

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Friday, July 30, 2010

MEDIA: Australian Government Surrenders on Resources Tax

July 30, 2010 -- (Source: Mining-Technology.com) -- After months of vocal objection, the Australian mining industry has secured a major backdown from the federal government on its proposed resources super profits tax (RSPT), which has been greatly watered down and given a new name in the process. The new minerals resources rent tax (MRRT) is a 30%

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BLOG: Rare Earth Magnets Save Ships

There has to be a better way. Fredrik Michelsen shook his head as he eyed a barge he had just salvaged. Divers, in 60 feet of murky water had welded steel plates over gaping openings. “We need some kind of bandage,” Fredrik grumbled. His son, marine architect Nicolai, pointed to a flexible magnetic sign on a company

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NEWS: Northern Uranium Limited (ASX:NTU) Reports Early Success At Browns Range High Value Heavy Rare Earths (HREE) Project With 7.95% Yttrium

July 30, 2010 -- PERTH(Source: Northern Uranium) --NORTHERN URANIUM LIMITED(ASX:NTU)(PINK:NOURF) is pleased to report early success of reconnaissance geological mapping and rock chip sampling at the Companys 100%-owned Browns Range project (E80/3547 3548) located 150km southeast of Halls Creek. New quartz-xenotime discoveries indicate the presence of widespread xenotime mineralisation containing high-value HREE and Yttrium. Sampling by Northerns

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Media: Japan in Pact for Rare Earth Exploration in Namibia

July 30, 2010 --TOKYO (Source: Reuters) -- State-backed Japan Oil, Gas and Metals National Corp has agreed with Namibia to explore and develop mineral resources, especially rare earth and rare metals, it said on Friday, the first such pact with the southern African country. The deal follows a similar agreement reached earlier this month with Kazakhstans national

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Thursday, July 29, 2010

MEDIA: Molycorp Plunges 14% on First Day After Chopping Rare-Earth IPO

July 29, 2010 (Source: Bloomberg) -- Molycorp Inc., owner of the world’s largest non-Chinese deposit of rare-earth metals, declined in its first day of trading after chopping the size of its initial public offering by 18 percent. Shares of the Greenwood Village, Colorado-based company fell as much as $1.90, or 14 percent, to $12.10 at 11:24 a.m.

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NEWS: Fortune Minerals Announces Successful Production of 99.99% Bismuth Ingot

July 29,2010 --LONDON, ON (Source: CNW) -- Fortune Minerals Limited (TSX-FT) (Fortune or the Company) is pleased to announce that it has successfully demonstrated the production of 99.99% bismuth ingot (metal) from its 100% owned NICO Gold-Cobalt-Bismuth-Copper Project in the Northwest Territories and Saskatchewan. High purity bismuth ingot with 99.99% purity is the standard product that is

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Exploration Unearths New Discovery in the Northern Ilimaussaq Complex

The Editors of RareMetalBlog like the Greenland Minerals story and were delighted to receive this email from an interested party last night with the attached report Exploration Unearths New Discovery in the Northern Ilimaussaq Complex dated July 29, 2010 (click here for the full report). RMB Reader writes: Ive got an Australian focus of course, but I

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HREE Toronto Report: MOLYCORP IPO Price Fizzle, Smart Bomb Debate Continues

We called JP Morgan yesterday a couple of times to secure the latest BUY Recommendation on LYNAS-- rumored to be set at $.91. The report is not on LYNAS’s website yet, and the source I usually use is no longer with JP Morgan. The gentleman who was helping me was flustered by ringing phones on the MOLYCORP

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MEDIA: Molycorp Reduces Planned Rare-Earth Initial Offering 18% to $394 Million

July 29, 2010 (Source: Bloomberg) -- Molycorp Inc., owner of the world’s largest non-Chinese deposit of rare-earth metals, chopped the price of its planned initial public offering by as much as 18 percent to $394 million.

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NEWS: Great Western Minerals Group Provides Corporate Update

July 29, 2010 -- Saskatoon, Saskatchewan (Source: Martketwire) --Great Western Minerals Group Ltd. (GWMG) (TSX VENTURE:GWG) (OTCQX:GWMGF) (PINK SHEETS:GWMGF) today provided an update on recent Rare Earth Elements (REE) market developments as well as GWMG corporate strategies and projects.

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The London REE Report: The Electric Mobility Age

Yesterday we ended with the news that the UK government had exempted its subsidy program for electric cars from its austerity cuts. The subsidies become available from next year. While in America, GM had just announced details and availability of their electric car entry the Chevy Volt. Between, the newly arriving, and subsidised electric cars, e-bikes and

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Wednesday, July 28, 2010

MEDIA: Molycorp’s IPO Aims at Chinese Grip on Metals for Smart Bombs

July 28, 2010(Source: Bloomberg) -- Molycorp Inc. is trying to convince investors it can loosen China’s grip on everything from smart bombs to hybrid cars by reopening the largest non-Chinese deposit of rare-earth metals in the world. The company is seeking $478 million in a U.S. initial public offering today to start its mine in the Mojave

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NEWS: Formation Metals Drills to Optimize Mine Design and Assess Rare Earth Elements on Cobalt Project

July 28,2010 -- VANCOUVER, BRITISH COLUMBIA (Source: MARKETWIRE) -- Formation Metals Inc.(Formation) is pleased to announce that its 100% owned subsidiary, Formation Capital Corporation, U.S., (the Company) has reported the commencement of a 5,000 foot diamond drill program in a previously untested area on the Idaho Cobalt Project. Pursuant to the approved Plan of Operations (mine permit),

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The London REE Report: Is this the Big One?

Everyone who is following REEs and HREs, is well aware of next week’s coming IPO from Molycorp Inc. “Molycorp, Inc. is a rare earth oxide (REO) producer in the Western hemisphere and own most fully developed rare earth project outside of China. The Company has made investments, and focuses on investing in developing applications for individual rare

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Tuesday, July 27, 2010

Blog: Rare Metals, CleanTech, Supply & Demand, Markets… but we should never forget about Sustainability and Community

I’ve had the great pleasure of learning a ‘tonne’ (… a Canadian mining term) about the wonders of rare earths and rare metals geology, mining and metallurgy, market development, new technologies, international trade and financial markets. It never fails to capture my interest and imagination. But at the same time, I believe it is very important that

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NEWS: Search Minerals Inc. Discovers Heavy Rare Earth Element Mineralization in the Port Hope Simpson REE District, Labrador

July 27, 2010 -- VANCOUVER, BRITISH COLUMBIA (Source: MARKETWIRE) -- Search Minerals Inc (Search or the Company) (TSX VENTURE:SMY) and its wholly owned subsidiary, Alterra Resources Inc. (Alterra), have discovered heavy rare earth element-enriched (HREE) mineralization on the Island Prospect in the Port Hope Simpson (PHS) REE district in SE Labrador. In addition, initial results from the

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MEDIA: Dacha Takes Centre Stage After Rare Earths Squeeze

July 27, 2010 -- London (Source: MineBulletin) -- Dacha Capital’s rare earths stockpile has started to look more attractive following China’s decision to slash rare earth export quotas for the second half of the year by more than 60%, market participants told MB.

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NEWS: 'Unlimited' Life For New Mine

July 27, 2010 -- (Source: ABC.net.au) -- Two proposed mines in the western New South Wales region are expected to be operating within the next three years. Alkane Resources is conducting feasibility studies into gold mining at Tomingley near Peak Hill and zirconia at Dubbo. Managing director Ian Chalmers says changes to markets in China will help

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NEWS: RPT-IPO VIEW- Molycorp Returns Long Bet For Investors

July 25, 2010 -- NEW YORK (Source: Reuters) -- Mining and mineral processing company Molycorp Inc (MCP.N) hopes to fill a growing need for scarce rare earth minerals and products, but its $450 million initial public offering, planned for next week, asks investors to take a big leap of faith.

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The London REE Report: The Future

I will get round to answering readers questions about which companies are likely to turn into the next Apple or Microsoft, at least in the relative sense of the rare metals, earths and oxides sector, but first this update on what the immediate future, 5 years or so, promises to bring. But first a big qualification, despite

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Monday, July 26, 2010

RMB Readers Break Records & LYNAS REE Numbers Kick off Debate.

Am looking forward to Graemes The London HREE Report in the morning when I rise, maybe he can kick off the debate on why we broke our highest audience rate today and why several rare metal companies featured on RareMetalStock moved upwards of 10%+today, including TASMAN Metals (RareMetalBlogSponsor)up 17.65%... Then there was a reader who wroteus with:

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Sunday, July 25, 2010

NEWS: Alkane Investment Summary

The following is a link to the recently published research report on Alkane from the London based Edison Investment Research. http://www.alkane.com.au/reports/broker-media/brokers/20100723.pdf

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The London REE Report: Getting in Early

Last Monday I began my posting pointing out how China’s announcement on July 8th restricting rare metals exports was a game changer. I ended on Thursday suggesting that China is acting in a logical and highly rational way in seeking to get the rest of the world off dependency on Chinese rare metals exports, especially if it

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Saturday, July 24, 2010

BLOG: 3 Southern Gals, a Pile of PhDs, an Englishman, Ian + a Mercenary = RareMetalBlog

Woke up sick, I am never sick but I elected to drink a corked glass of expensive red wine last night instead of throwing it out. Displeased by a client who is clearly stiffing one of my companies for a significant amount of money, thought it would numb my pain – but instead it had me with

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RareMetalBlog Week in Review (July 18-23, 2010)

This week, we welcomed Graeme Irvine to Rare Metal Blog with The London REE Report to look at another perspective on Rare Metals. Graeme has been around trading markets one way or another since mid 1968, including a spell on the floor of the then London Commodity Exchange in Plantation House, before being enticed to New York

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Friday, July 23, 2010

MEDIA: How Appreciation of the Chinese Yuan will Effect Minor Metal Prices: Part I

China will continue to steadily advance the reform of the formation of the renminbi exchange rate mechanism under the principle of independent decision-making, controllability and gradual progress," Chinese President Hu Jintao. July 17, 2010 -- (Source: Strategic-Metal.com) -- Following China’s decision to allow its currency, the yuan, to appreciate by a token half a percent against the

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MEDIA: Rush On for 'Rare Earths' as U.S. Firms Seek to Counter Chinese Monopoly

RareMetalBlog Sponsor UCORE RARE METALS in NY TIMES today July 23, 2010 -- MOUNTAIN PASS, CALIFORNIA (Source: NYTimes)-- About an hours drive southwest of Las Vegas, on a private 2,200-acre desert patch flanked by Clark Mountain and the Mojave National Preserve, lies an idled mine many consider to be a linchpin in the U.S. push for energy

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NEWS: Dacha Reports Net Asset Value as at June 30, 2010

July 23, 2010 -- TORONTO, ONTARIO (Source:MarketWire) -- Dacha Capital Inc. (Dacha or the Company) (OTCQX: DCHAF)(PINK SHEETS: DCHAF) reports its estimated net asset value at June 30, 2010 was CDN$0.38 per share based on 72,159,214 million shares outstanding. As at June 30, 2010, Dachas physical inventory portfolio consisted of the following:

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Thursday, July 22, 2010

BLOG: Dacha Capital: A Discussion With Patrick Wong

Dacha Capital is a relative newcomer to the rare earths sector. Instead of owning rare earth deposits or the shares of junior mining and exploration companies, the company’s focus is on the purchasing of physical inventories of rare earths and other materials as an investment strategy. As such, the company has been subject to a lot of

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NEWS: Great Western Minerals Group Launches Douglas River Exploration Program

July 22, 2010 -- SASKATOON, SASKATCHEWAN (Source: Marketwatch) -- GREAT WESTERN MINERALS GROUP (GWMG or the Company) (TSX VENTURE:GWG) (OTCQX:GWMGF) (PINK SHEETS:GWMGF) announces it has launched its Rare Earth Elements (REE) exploration program at its Douglas River property located in the Athabasca Basin of northern Saskatchewan.

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NEWS: Alkane Releases June 2010 Quarterly Report

July 21, 2010 -- Please find following the link to the Alkane website for ALKANE RESOURCEs Quarterly Report to 30 June 2010 as released to the ASX. Please note that this file is approximately 2Mb and may take some time to download without a high-speed link. http://www.alkane.com.au/reports/quarterly/pdf/Alkane_Jun_10.pdf

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NEWS: Tasman Comments on Recent Reduction in Chinese Rare Earth Element Export Quotas

Chinese REE Export Quotas Fall by 40% in 2010 July 22, 2010 -- VANCOUVER,BC (Source: CNW) -- TASMAN METALS LTD. (Tasman or the Company) TSXV - TSM; Frankfurt - T61; Pink Sheets - TASXF. Mr Mark Saxon, President and CEO, highlights the recent announcement by Chinas Ministry of Commerce that rare earth element (REE) export quotas for

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The REE London Report: China - Rational Not Irrational

In what will be my last London update till Monday, it is summer after all, I wanted to address a couple of emailed concerns regarding China and their new rare metals, resource nationalism policy. The issues fell into the “we don’t trust China” category. Right after we spend a whole lot of money investing in finding and

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NEWS: Cache Exploration Update on Long Lake Property in New Brunswick

July 21, 2010 -- VANCOUVER, BC (Source: thenewswire.ca) -– CACHE EXPLORATION INC. (TSX-V: CAY) is pleased to provide additional information on the 160 claim Long Lake Property under option in northern New Brunswick (June 28, 2010 news release). Arthur Hamilton, P.Geo. is a Qualified Person as described in National Instrument 43-101 and is responsible for the technical

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Wednesday, July 21, 2010

Blog Alert: .CO Has Everyone Running to Confirm Domain Ownership

Today we had our most significant day of backend action on RareMetalBlog to date. Stephanie (Atlanta) has been programming a new layout, which will feature blogs (everyone catch The London REE Report debate?) -- and we had a record day of visitors!Plus, ourteam spent almost a dozen hours buying the new .co URLs over the last day.

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MEDIA: China buying the global strategic metals farm

July 21, 2010 -- London (Source: mineweb.com) -- Chinas dominance of the global metals and minerals sector continues to grow and its ultimate effects on the World order are worrying to contemplate from the Western point of view. Not so many years ago, the U.S. used to hold a vast strategic metals stockpile to make sure supplies

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MEDIA: Taking a Closer Look at the Pending Lithium ETF

July 21, 2010 (Source: seekingalpha.com) -- There is a threshold of investor awareness and confidence that the rare earths have not yet passed; I don’t know if the rare earth sector will ever even achieve that threshold much less pass through it, but I do know why it hasn’t so far. There are indeed many critical uses

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MEDIA: Namibia: Court Rules On Uranium Licence Tussle

July 21, 2010 (Source: allAfrica.com)-- TUG of war over uranium exploration rights in the Erongo Region has ended in a Supreme Court defeat for the Minister of Mines and Energy and Canadian-owned prospective mining company Ancash Investments.

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MEDIA: U.S. shines glare on Congo's conflict minerals

KINSHASA/KIGALI -- July 21, 2010(Source: Reuters) - A U.S. drive to clean up the trade in Congos minerals puts the onus on industry and the central African country to step up efforts to regulate the sector or risk seeing it fall apart. Much of Congos minerals, including gold, cassiterite and tantalum that end up in jewellery, laptops

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MEDIA: Greenland firm sees rare earth metals potential

Copenhagen -- July 21, 2010(Source: Reuters) -- Greenland mining company NunaMinerals (NUNA.CO) said on Wednesday that magnetic and radiometric surveys showed potential for extracting rare earth elements (REEs) in two of the companys licence areas.

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MEDIA: Senators Want Loan Guarantees for Rare Earth Projects

July 21, 2010 (Source: SustainableBusiness.com) -- U.S. Senators Lisa Murkowski (R-Alaska) and Evan Bayh (D-Ind.) sent a letter to Energy Secretary Chu on Monday urging him to consider granting loan guarantee to rebuild America’s rare earth supply chain and manufacturing sector.

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NEWS: Dacha Obtains Receipt for Final Prospectus

July 21, 2010 --TORONTO, ONTARIO (Source: Marketwire) -- Dacha Capital Inc. (TSX VENTURE:DAC) (Dacha or the Company) is pleased to announce that it obtained a receipt on July 20, 2010 in connection with the filing of a final prospectus (the Prospectus) in the provinces of British Columbia, Alberta, Ontario, Québec and the Northwest Territories. The prospectus qualifies

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The REE London Report: Demand for Rare Metals to Rise, China Passes USA as World's Biggest Energy Consumer.

In this little series on my rare metals view from London, I was intending day three to cover why demand for rare metals is likely to rise for several decades to come. As luck would have the Wall Street Journal and the Paris based International Energy Agency, manage to pretty nearly make the case for me. Below

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Tuesday, July 20, 2010

BLOG: What do Permanent Magnets, Advanced Imaging Technology & Sleek Robotics Have in Common? ... A Heart

A couple of days ago, my wife Doreen saw a short news item on CTV reporting that veteran Canadian actor Harvey Atkin (familiar to TV audiences of the 80s series Cagney Lacey and more recently on Law Order: Special Victims Unit) had just undergone aleading edge treatment to restore a regular heartbeat. All Doreen had to hear

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NEWS: Rare Earth Metals Completes Letitia Lake/Red Wine Airborne Survey

July 20, 2010 -- THUNDER BAY, ONTARIO (Source: Marketwire) -- RARE EARTH METALS INC. (Rare Earth Metals, RA or the Company) (TSX VENTURE:RA) is pleased to announce the completion of a 3621 line kilometre airborne magnetic and radiometric survey on its Letitia Lake/Red Wine property in west-central Labrador conducted by Aeroquest Limited of Mississauga, Ontario (see previous

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MEDIA: Are Rare Earth Price Increases Inevitable?

July 20, 2010 -- (Source: MetalMiner) -- It would seem everyone is taking an interest in rare earth metals these days. Not so long ago a casual observer could have been forgiven for thinking they were called rare earths because it was rare for anyone to take the slightest interest in them. Now there are conferences and

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NEWS: Bolero Resources Corp.: Positive Assays Confirm Rare Earth Elements in Soil Grids

July 20, 2010 --VANCOUVER, BC (Source: Marketwire) -- BOLERO RESOURCES CORP. (the Company or Bolero), (TSX-V: BRU), (FRANKFURT: U7N1) announces that it has received initial assays from silt and soil samples taken from the 100% owned Carbonatite Syndicate Rare Earth Element claim group located 80 km north east of Prince George, BC.

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NEWS: Great Western Minerals Group Updates True Blue REE Exploration Program: Claim Staking Triples Property Size

July 20, 2010 -- SASKATOON, SASKATCHEWAN (Source: Marketwire) -- GREAT WESTERN MINERALS GROUP (GWMG or the Company) (TSX VENTURE:GWG) (OTCQX:GWMGF) (PINK SHEETS:GWMGF) is pleased to provide an update on the work to date on the Rare Earth Element (REE) exploration program on the True Blue Property located 55 km south of Ross River, Yukon.

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MEDIA: Rare Earth Metal Shortage Could Sink These Three ETFs

July 19, 2010 -- (Source: etfdb.com) -- While most investors are relatively familiar with metals such as gold and copper, few know anything about an increasingly vital group of resources known as “rare earths.” As the name suggests, these metals are very scarce, but are needed for a variety of modern technologies ranging from alternative fuels to

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