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Posts from January 2011
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Monday, January 31, 2011
January 31, 2011 (Source: The Newswire) -- Mr. George A. Brown, President of Cache Exploration Inc. (TSX-V: CAY) is pleased to announce that the Phase 1 drill program on the 262 claim Welsford REE (rare earth element) Properties in New Brunswick has been completed. Vic Progressive Drilling Inc. of Sussex, New Brunswick commenced drilling at the Welsford
Continue reading "Cache Exploration Completes Phase 1 Welsford Drilling" »
January 31, 2011 (Source: Marketwire) -- Great Western Minerals Group Ltd. (GWMG or the Company)(TSX VENTURE:GWG) (OTCQX:GWMGF) announces that it has signed a non-binding Letter of Intent (LOI) with Electron Energy Corporation (EEC) of Landisville, Pennsylvania to supply samarium metal, gadolinium metal and samarium-cobalt alloys used by EEC to manufacture magnets and magnet systems. EEC is a
Al Shefsky, President of Pele Mountain Resources, takes us on a tour of his company’s remarkable prospects in this audio interview. The story on Pele? The future is bright. Pele Mountain’s Elliot Lake resource has been a historical producer of REEs, of course. But in this interview Shefsky points out that Elliot Lakeis also a largereserve of
January 31, 2011 (Source: Reuters) -- Japanese imports of rare earths from China rose six-fold in December from November, reflecting a resumption of trade after Beijings de-facto ban on shipments halted flows of the minerals for two months since late September. Japanese Ministry of Finance data showed on Monday that Japanese imports of rare earths from China
Continue reading "Japan rare earths imports from China jump in December" »
January 31, 2011 (Source: Bloomberg) -- The German government is working with companies to establish an agreement with Kazakhstan on rare-earth metals to curb China’s dominance in exporting the minerals, the Handelsblatt newspaper reported. Negotiations have been going on for months and a raw- materials committee within Germany’s BDI industry association began enlisting companies late last year,
Continue reading "Germany, Kazakhstan Forging Rare-Earth Pact, Handelsblatt Says" »
Ellis Martin of the Ellismartinreport.com, interviews Al Shefsky, the president of Pele Mountain Resources. The companys Elliot Lake resource has been a historical producer of rare earths and for decades. But in this interview Shefsky points out that Elliot Lakeis also a largereserve of uranium, the price of which has been making remarkable advances lately. The demand
Continue reading "Ellis Martin Interviews Al Shefsky President of Pele Mountain Resources" »
Sunday, January 30, 2011
The cost of generating power from solar photovoltaic systems has steadily fallen over the last 10 years while the projected costs of constructing the new nuclear plants have ballooned. Slightly off message this morning, since nuclear is still the new “in thing” for base power supply in most of the “BRICs”, Brazil, Russia, India, and China. Well
Continue reading "The London REE Report: Solar PV Now Cheaper Than Nuclear." »
Saturday, January 29, 2011
One of the key objectives of RMApps is to help capture the imaginations of and toinvite students, recent graduates and the general public as the case may be, to the world of rare metals and their contribution to new CleanTech applications. To more fully appreciate the advances in these rapidly expanding areasand what makes them possible, is
Continue reading "NSF and NBC Learn Launch "Chemistry Now" Video Series" »
One of the key objectives of RMApps is to help capture the imaginations of and toinvite students, recent graduates and the general public as the case may be, to the world of rare metals and their contribution to new CleanTech applications. To more fully appreciate the advances in these rapidly expanding areasand what makes them possible, is
Continue reading "NSF and NBC Learn Launch "Chemistry Now" Video Series" »
Friday, January 28, 2011
In the NEWS this week: Tons of Stuff. Dacha Strategic Metals Inc. announced today that it has filed a preliminary short form prospectus in connection with a public offering of common shares. The REE sector must be getting some kind of respect. The syndicate attached to this offering involves many of the biggest names in Canadian capital
Continue reading "RMB Week In Review: January 24th-28th, Part 2" »
From the BLOG: Reporting from London, Graeme Irvine updated readers on a couple of interesting points. First off, Irvine tweaked us to the fact that China’s largest aluminum maker, Chinalco is moving into rare metals. Late last year the Chinese government called for the closure of small often-illegal REE producers and the consolidation of the remainder into
Continue reading "RMB Week In Review: January 24th-28th, Part 1" »
Jan 27, 2011 (Source: Marketwire) - Dacha Strategic Metals Inc. (Dacha or the Company) (TSX VENTURE:DSM)(OTCQX:DCHAF) announced today that it has filed a preliminary short form prospectus in connection with a public offering (the Offering) of common shares of the Company (Common Shares). The Offering will be conducted through a syndicate of agents led by BMO Capital
Jan. 27, 2011 (Source: Marketwire) - Avalon Rare Metals Inc. (TSX:AVL)(NYSE Amex:AVL) (Avalon or the Company) is pleased to provide an update on development work on the Nechalacho Rare Earth Elements (REE) deposit, Thor Lake, NWT. In particular, all the data from the 2010 summer definition drilling program has now been compiled into the deposit block model
Markets have always been fast-moving, play by the seat-of-your pants kind of place. That’s even more so in the internet-era, when split-second trading and a constant flow of information can harry even the most attentive trader. A perfect example of the modern intensity of markets are the so-called bull boards, gossipy, rumor-filled online message sites where momentum
January 28, 2011 (Source: IBC Advanced) -- IBC Advanced Alloys Corp. (TSX-V:IB) (“IBC” or the “Company”) announces that Jim Malone, IBC’s Vice President of Nuclear Fuel, has been appointed as Chairman of the Board of Hathor Exploration Ltd.. This appointment, and Mr. Malone’s leadership, reinforce Hathor’s transition from a junior explorer to a uranium exploration and development
Thursday, January 27, 2011
January 27, 2011 (Source: Marketwire) -- Representative Gary Peters (House of Representatives 9th Congressional District, Oakland County) today toured Great Western Technologies Inc. (GWTI) at its Troy, Michigan plant. During his tour, Representative Peters stated to Great Western Technologies Inc. management that, in his opinion, GWTI has the ability to help address some of the United States
January 27, 2011 (Source: Reuters) -- The European Union is watching the market for rare earth minerals closely and is determined to secure supplies from China and alternative sources, its top trade official said on Thursday. EU Trade Commissioner Karel De Gucht declined to say whether Brussels would challenge China at the World Trade Organization over the
January 27, 2011 (Source: MSN) -- Caught between a rock and a hard place, Europe feels wrongfooted by Chinese moves to consolidate vital rare earths supplies but remains unsure which way to turn. The worlds biggest tariff-free market faces calls for trade retaliation and is set to lay out its options in the days ahead. US government
Continue reading "Europe wrong-footed on China rare earths response" »
January 27, 2011 (Source: Medallion Resources) -- Medallion Resources Ltd. (TSX-V: MDL -- Medallion or the Company), a rare-earth-element (REE) explorer, is pleased to announce that it has appointed Mr Donald M Lay, presently a director of the Company, to the position of President, effective immediately. Concurrently, Dr William Bird has been appointed as Chairman of the
Continue reading "Medallion Appoints New President and Chairman" »
January 27, 2011 (Source: Reuters) -- South Korea said on Thursday local firms were likely to more than triple investment in developing minerals this year, as they intensify the search for rare metals in regions such as Central and South America and Africa. About 25 South Korean firms are expected to increase 2011 investment more than threefold
Continue reading "South Korea to more than triple mineral investments" »
Ah, Davos…the yearly gathering of the world’s rich, famous, philanthropic, and…Bono. A chance to hobnob with the movers and the shakers, get the inside scoop on the big global economic trends, chow-down with the in-crowd. If you make it to Davos you’ve arrived, apparently. You’re a big-time, globetrotting Master of the Universe. And so it goes again
By the end of 2010, 30% of all new devices sold in the United States were smartphones. That number is only going to go up. Nielsen predicts that by the end of 2011, fully 50% of all phones -- about 120 million devices -- used in the United States will be smartphones. Today we take our first
Continue reading "The London REE Report: The Rise and Rise of 4G Networks." »
Wednesday, January 26, 2011
Toronto-based brokerage Dundee Securities initiated coverage of Quest Rare Minerals Ltd. this morning. As market players wake-up to the opportunity in rare earths, they’re beginning to take new interest in the sector—the latest coverage is evidence of that. For those living outside Canada it’s worth knowing that Dundee is a well-respected name along Bay Street (Canada’s Wall
Continue reading "Brokerage Coverage Good News for Rare Earth Sector" »
January 26, 2011 (Source: Shanghai Daily) -- Political advisers and industry insiders in Chinas leading rare earth-producing regions are pushing the government to issue a national strategy for the industrys development.Political advisers in the Inner Mongolia Autonomous Region have put forward proposals calling for an explicit national strategy to set the pace for exploration in key rare
Continue reading "Rare earth miners seek national strategy for China" »
January 26, 2011 (Source: Japan Times) -- Trade statistics have revealed the countrys import of rare earth minerals from China surged by more than 50 percent in the January-November period last year from the same period in 2009 — even though it plunged by two-thirds in the October-November period due to export restrictions by Beijing. China suspended
Continue reading "Worse rare earth shortages 'yet to come'" »
Something unusual has just happened on the Australian stock market: a company made a bullish announcement about rare earths and its stock did not blast off. Of course, so many mining stocks in recent days have lost ground as metal prices hit the wall, with most mining company investors enduring a very bumpy patch, but normally even
Continue reading "Australian weekly: Bubble? What rare earth bubble?" »
Tuesday, January 25, 2011
January 25, 2011 (Source: Reuters) -- The European Union will consider stockpiling raw materials and will confront any country that restricts supplies, according to a European Commission strategy document. The EU will continue to pursue barriers hampering the sustainable supply of raw materials to the EU economy, said a draft paper seen by Reuters on Tuesday, which
Continue reading "EU considers tough stance on raw materials" »
January 25, 2011 (Source: Bloomberg) -- China will start stockpiling rare earth minerals this year, Caijing magazine reported today, citing an unidentified official at the China Nonferrous Metals Industry Association. The report didn’t say when the stockpiling would begin or give other details. The State Reserve Bureau under the National Development and Reform Commission has yet to
Continue reading "China to Start Stockpiling Rare Earths, Caijing Says" »
Beyond the issues of trade and jobs, solar power experts see broader implications. They say that after many years of relying on unstable governments in the Middle East for oil, the United States now looks likely to rely on China to tap energy from the sun. Today, this month’s news in solar developments. A big step forward
Continue reading "The London REE Report: Graphene for Solar" »
Monday, January 24, 2011
January 24, 2011 (Source: Reuters) -- Shareholders of Molycorp (MCP.N) plan to sell up to $500 million of their holdings in the U.S. rare-earth producer, whose board on Monday approved a second phase of expansion of the California mine it is redeveloping. The company itself plans to sell $172.5 million in preferred shares alongside the shareholders offering,
Continue reading "Molycorp sets additional share offering, expansion" »
January 24, 2011 (Source: Business Wire) -- Molycorp, Inc. (NYSE: MCP), the Western hemispheres only producer of rare earth oxides, today announced that its Board of Directors has approved a Phase 2 expansion plan that is expected to double the production capacity of its Mountain Pass facility in California. In addition, the Company has filed a registration
January 24, 2011 (Source: Marketwire) -- Great Western Minerals Group Ltd. (GWMG or the Company) (TSX VENTURE:GWG) (OTCQX:GWMGF) announces that it has, to date, acquired 70.2% of all outstanding shares (the Rareco Shares)of Rare Earth Extraction Co. Limited (Rareco). As at today, GWMG has received and paid for 33,528,308 of the 47,764,700 Rareco shares outstanding. The offer
Continue reading "Great Western Minerals Group Acquires 70.2% of Rareco Shares to Date" »
January 24, 2011 (Source: CNW) -- Pele Mountain Resources Inc. (TSX Venture: GEM) (Pele or the Company) today announced a major increase in Indicated uranium oxide resources as part of an updated NI 43-101 Resource Estimate (Resource Estimate) at its Eco Ridge Mine uranium and rare earth elements (REE) project near Elliot Lake in Northern Ontario. The
Saturday, January 22, 2011
Yuan said Chinalco signed a memorandum of understanding with Guangxi Nonferrous Metals Group in late December to develop rare earths in the Guangxi Zhuang autonomous region to bolster reserves. The central government has indicated that it wants large companies to lead the consolidation of the countrys rare earths sector. ----Yuan said Chinalco is also talking with local
Continue reading "The London REE Report: A New Chinese Entrant" »
Friday, January 21, 2011
January 21, 2011 (Source: The Newswire) -- The President of Cache Exploration Inc. (TSX-V: CAY), George A. Brown, is pleased to announce that Cache has expanded the Companys claim position contiguous to the Cross Hills REE Property in Newfoundland by staking. Dr. David Lentz, P.Geo., is a Qualified Person as described in National Instrument 43-101 and is
Continue reading "Cache Stakes Claims Contiguous to Ucore Rare Metals Claims" »
January 20, 2011 (Source: NYTimes) -- A Chinese government agency has taken steps to more tightly manage the production and export of rare earth minerals, crucial materials used in a wide range of technologies and products vital to the West. The agency, the Ministry of Land and Resources, invoked a seldom-used mining law to take direct control
January 21, 2011 (Source: ABN Newswire) -- Avalon Rare Metals Inc.will be presenting at the Critical Metals Investment Symposium on Saturday at 1:45PM. This symposium will bring together a multitude of parties involved in finding solutions to the developing world supply shortage of rare earth elements and other strategic metals.The Vancouver Resource Investment Conference January 23 and
January 21, 2011 (Source: Usetdas) -- Rare Earth Metals Inc. (RA - TSX Venture),is pleased to announce that as a follow-up to encouraging results from last years prospecting program, it has finalized arrangements to conduct a 2000 meter diamond drilling program at its Clay-Howells project in northern Ontario. The drill contract has been awarded to Landdrill International
Continue reading "Rare Earth Metals to begin drilling at Clay-Howells" »
The big news in rare earths this week was the mainstreaming of the phrase “rare earth.” As Chinese Premier Hu Jintao touched down in Washington this weekthe phrase “rare earths” got quite a workout in the media. The day before the meetings Senator Charles Schumer spoke out against Chinese “mercantilist” trade policies. Schumertravelled to upstate New York
Continue reading "The Week That Was: Trade War....And A Time To Celebrate. " »
January 21, 2011 (Source: Bloomberg) -- Exports of rare earths from China, which supplies more than 90 percent of the world’s needs, fell by 9.3 percent last year as the government tightened domestic mining to curb pollution. China exported 39,813 metric tons of rare earths elements in 2010, according to customs data released today. The value of
Continue reading "China 2010 Rare Earth Exports Drop 9.3%, Customs Says" »
Thursday, January 20, 2011
Check out this four-and-a-half minute video of an interview with Ian London, RMB and RMApps editor, prepared by NATO following Ians presentation on Rare Earth at that organizations Brussels headquarters. The video interview grew out of a presentation Ian delivered to the Atlantic Counsel of Canada, a Canadian NGO chaired by former Federal minister Bill Graham in
Continue reading "Canadian businessman, Ian London speaks at NATO Headquarters" »
January 20, 2011 (Source: Nasdaq) -- The Prospectors and Developers Association of Canadas (PDAC) annual convention is aptly dubbed - the place where the worlds mineral industry meets. The 2011 PDAC International Convention, Trade Show Investors Exchange will be held from March 6-9 at the Metro Toronto Convention Centre. Founded in 1932, PDACs mission statement includes encouraging
January 20, 2011 (Source: Reuters) -- South Korea aims to extract lithium from seawater as demand climbs for the rare metal used to power products ranging from mobile phones to electric cars, a government-funded research institute said on Thursday. We will finish building a research facility and offshore plant in the first half of this year and
Continue reading "South Korea aims to produce lithium from seawater" »
January 20, 2011 (Source: AFP) -- China has brought 11 rare earth mines under state control as Beijing consolidates the industry -- a move analysts said Thursday could drive up prices of the elements, used in mp3 players and hybrid cars. Authorities have targeted mines in the eastern province of Jiangxi, which is rich in heavy rare
Sea water, which is 832 times denser than air, gives a 5 knot ocean current more kinetic energy than a 350 km/h wind; therefore ocean currents have a very high energy density. Hence a smaller device is required to harness tidal current energy than to harness wind energy. In the world of renewable energy, tidal projects have
Continue reading "The London REE Report: Tidal Renewable Update." »
Wednesday, January 19, 2011
January 19, 2011 -- Quest Rare Minerals Ltd. (TSX-V : QRM) is pleased to be presenting at the Critical Metals Investment Symposium on Saturday, January 22st, 2011 at 1:45pm and at the Vancouver Resource Investment Conference in Booth # 1408 on Sunday, January 23rd and Monday, January 24th, 2011 from 10:00 am to 6:00pm at the Pan
January 19, 2011 (Source: Global Times) -- China Tuesday vowed to regulate rare-earth export quotas according to World Trade Organization rules after the country set up a batch of State planning areas for the strategic materials, a move seen as another measure aimed at regulating the resources. Ministry of Commerce spokesman Yao Jian said Tuesday that the
Continue reading "Authorities to rein in rare-earth exports" »
January 19, 2011 (S0urce: Alkane Resources) -- DUBBO PROJECT – NEW REVENUE NUMBERS Potential revenues from the DZP products continue to increase assisted by escalating zircon prices, the Chinese Government classification of zirconium as a strategic metal and an indication of future preferences for value added zirconium products, and further restriction of their rare earth exports These
Continue reading "Alkane Resources: Quarterly Report To 31 December 2010 Key Highlights" »
January 19, 2011 (Source: CNW) -- Tasman Metals Ltd. (Tasman and/or the Company) TSXV - TSM; Frankfurt - T61; Pinksheets - TASXF. Mr Mark Saxon, President and CEO, announces that a third phase drill program is now underway at the Companys 100% owned Norra Karr heavy rare earth element (REE) project. The project is located in southern
Continue reading "Tasman Begins Phase 3 Drill Program At Norra Karr Ree Project, Sweden" »
President Barack Obama and Hu Jintao will spend the next couple of days waving to cameras and smiling at the crowds as the Chinese official state to the United States gets underway. But as the pomp and ceremony unfolds there will also be time made for conversations between the two leaders on many of the serious tensions
Continue reading "Market Should Stay Stable Following Hu's Visit. " »
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