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Posts from March 2011
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Thursday, March 31, 2011
March 31, 2011 (Source: MarketWatch) -- A bill that would direct the U.S. Geological Survey to conduct a three-year global assessment of rare earth elements was introduced by two Democrats in the House, Hank Johnson of Georgia and Ed Markey of Massachusetts. China accounts for 97% of global rare earth element production and has demonstrated a willingness
Continue reading "Rare Earth Legislation Introduced in House & USMMA Letter on USGS Budget." »
March 31, 2011 (Source: MarketWatch) -- A bill that would direct the U.S. Geological Survey to conduct a three-year global assessment of rare earth elements was introduced by two Democrats in the House, Hank Johnson of Georgia and Ed Markey of Massachusetts. China accounts for 97% of global rare earth element production and has demonstrated a willingness
Continue reading "Rare earth legislation introduced in House" »
March 31, 2011 (Source: CNW) -- GEOMEGA RESOURCES INC. (GéoMégA) (TSXV: GMA) is pleased to report the assay results from 3 drill holes extending the rare earth mineralization in the core zone to the north on section 2+00 West and to the south on section 5+00 West.Hole MVL-11-06 (azimuth 323°, dip -55°; depth: 519 m) was collared
March 31, 2011 (Source: Marketwire) -- Great Western Minerals Group Ltd. (GWMG or the Company) (TSX VENTURE:GWG) (OTCQX:GWMGF) announces that, based on the results of an extensive drilling and sampling program, and in consideration of the attention required for GWMGs more advanced projects, the Company does not plan to undertake additional exploration work on the Deep Sands
March 31, 2011 (Source: Reuters) -- Dominant producer China will cap its total output of rare earth oxides at 93,800 tonnes this year, up 5 percent from last year, the countrys land and resources ministry said in a statement posted on its website on Thursday.The statement also said the ministry would not approve any new prospecting or
Continue reading "China to cap 2011 rare earth output at 93,800 T" »
March 30, 2011 (Source: Usetdas) -- Stans Energy Corp. (RUU - TSX Venture), is pleased to announce that it has entered into an agreement with Stifel Nicolaus Canada Inc. to act as Lead Agent (the Agent), and Clarus Securities Inc. to act as Co-Manager (the Co-Manager?) in connection with a best efforts private placement financing (the Private
Continue reading "Stans Energy Corp Announces Private Placement for Approximately $25,000,000" »
The resource tax is one in a series of new measures unveiled this year by the Chinese authorities to upgrade the rare earth industry. Chinas Ministry of Environmental Protection announced earlier this month that tougher rules on emission limits for producing rare earths will take effect on Oct. 1 this year. The rules are expected to drive
Wednesday, March 30, 2011
March 30, 2011 (Source: Businesswire) -- Molycorp, Inc. (NYSE: MCP), the Western hemisphere’s only producer of rare earth oxides, today announced that it has entered into a cooperative research and development agreement with the U.S. Department of Energy’s Ames Laboratory. The Molycorp-Ames effort will focus on developing new methods to create commercial-grade rare earth permanent magnets. The
March 30, 2011 (Source: Marketwire) -- Midland Exploration Inc. (Midland) (TSX VENTURE:MD) is pleased to report that Agnico-Eagle Mines Limited (Agnico-Eagle) has resumed drilling to test the extensions of two new gold discoveries identified during the 2010 work program. The property is contiguous to the Lapa gold mine property (800,000 gold ounces in proven and probable reserves,
March 30, 2011 (Source: Marketwire) -- Elissa Resources (Elissa or the Company) (TSX VENTURE:ELI) Following successful results from a district-scale detailed high-resolution airborne magnetic geophysical survey completed in November, 2010, Elissa Resources (Elissa) announced today it is planning to conduct a ground geophysical (magnetic) survey on specific sections of its 100% owned Thor Rare Earth Elements (REE)
March 30, 2011 (Source: Reuters) -- Australian rare earth producer Lynas said on Wednesday it has entered into a $325 million financing arrangement with Japans Sojitz Corp to accelerate expansion. Under the agreement Lynas will allocate a minimum of 8,500 tonnes a year of rare earth to the Japanese market for ten years. Sojitz will also buy
Continue reading "Australia's Lynas in funding arrangement with Japan's Sojitz" »
Japanese trading house Sojitz Corp has scored a significant deal being guaranteed a minimum of 8000 tonnes of REE a year from the planned Mt Weld mine in Western Australia and its associated treatment plant in Malaysia. It also delivers mine owner Lynas Corp another bucket of money to finance its expansion plans. The news came, coincidentally,
Continue reading "Japan coup in deal for Lynas REE output" »
The study estimated that China -- which is fighting severe pollution and its dubious distinction as the top producer of carbon emissions blamed for climate change -- now produces nearly half of the worlds wind and solar modules. With Fukushima and the new Libyan adventure dominating the news, it’s easy to miss some of the lesser news
Australia’s emerging REE player Hastings Rare Metals (ASX:HAS) will start drilling in late April to both enlarge its resource and also to expand the project from its present rare metal profile to one that includes its substantial HREE potential. Executive director Mathew Walker says he wants the company to advance within the next 18 months and start
Continue reading "Down Under REE Report: Hastings on fast track" »
Tuesday, March 29, 2011
Grades are not, to use that old idiomatic phrase, the be-all and end-all when it comes to judging the quality of a REE project. There has to be a viable economic quantity of mineralisation, of course, but a number of other factors come into play - like the composition of the rare earths, the geopolitical factors and
March 29, 2011 (Source: Marketwire) -- Dacha Strategic Metals Inc. (Dacha or the Company) (TSX VENTURE:DSM)(OTCQX:DCHAF) announced today that it has sold an additional 2,000 kilograms (kgs) of Europium Oxide from its domestic supply in Shanghai at a price of 4,000 Rmb per kg for gross proceeds of 8.0 million Rmb (approximately US$1.2 million). Based on the
Continue reading "Dacha Sells Additional 2,000 Kilograms of Europium Oxide in China" »
March 29, 2011 (Source: Marketwire) -- Frontier Rare Earths Limited (TSX:FRO)(TSX:FRO.WT) (Frontier or the Company) is pleased to announce the strengthening of its management team as it advances the evaluation and development of the Zandkopsdrift rare earth project (Zandkopsdrift) in South Africa. The Zandkopsdrift B Zone has the highest TREO(1) grade and the highest grade of high
March 29, 2011 (Source: Reuters) -- The commodities are almost exclusively produced by China, which unnerved global powers last year by threatening to restrict exports to help it settle political scores.Grain Malunga, Malawis minister of natural resources, said the country has awarded exclusive rare earths exploration licences to five foreign companies over the past three years, including
Continue reading "Malawi gearing up to produce rare earths" »
March 29, 2011 (Source: CNW) -- Tasman Metals Ltd. (Tasman or the Company) (TSXV:TSM) (Frankfurt:T61) (Pinksheets:TASXF). Mr Mark Saxon, President CEO, announces the Company has filed a registration statement on Form 40-F with the United States Securities and Exchange Commission, pursuant to section 13 of the United States Securities Exchange Act of 1934. It is the Companys
Continue reading "Tasman files Form 40-F with U.S. Securities and Exchange Commission" »
March 29, 2011 (Source: Marketwire) -- BE Resources Inc. (TSX VENTURE:BER) (BE or the Company) announces that it has encountered positive results for beryllium mineralization from the ongoing drilling program at its Warm Springs Beryllium Project. In addition to the beryllium values now documented to extend over 100 feet of vertical section, assaying for rare earth elements
Deep in what locals call Gengbei Mountain in Beitou township, Quannan county in Ganzhou, dozens of people were busy at work on Feb 18 at a mining spot, which was ordered closed by the local government in 2009 due to its contamination of a river and the consequent protests by locals. They were pumping liquid into one
Continue reading "China’s Illegal REE Production. What Is The Truth? " »
Monday, March 28, 2011
March 28, 2011 (Source: Marketwire) -- Dacha Strategic Metals Inc. (Dacha or the Company) (TSX VENTURE:DSM)(OTCQX:DCHAF) announced today that it has sold 4,000 Kilograms (kgs) of Europium Oxide from its domestic supply in Shanghai at a price of 3,850 Rmb per kg for gross proceeds of 15.4 million Rmb (approximately US$2.3 million). Based on an original purchase
Continue reading "Dacha Sells 4,000 Kilograms of Europium Oxide in China" »
March 28, 2011 (Source: The Australian) -- Rare earths miner Lynas Corporation said an independent expert has recommended a deal to sublease designated areas within its mining leases to resources and energy explorer Forge Resources.The expert appointed by Lynas said the proposed transaction is fair and reasonable to the shareholders of Lynas, in the absence of a
Continue reading "Independent expert backs Lynas's deal with Forge" »
March 28, 2011 (Source: PR-Newswire) -- Texas Rare Earth Resources Corp.(OTCQB:TRER) has completed analysis of 1103 drill samples from the 1984-88 drilling program conducted by Cabot Corporation and Cyprus Minerals. All or a portion of forty-six out of an estimated two hundred fifty existing drill holes have been re-logged and re-analyzed. The rare earth element and other
“If you had the ability to charge rapidly, instead of taking hours to charge the vehicle you could potentially have vehicles that would charge in similar times as needed to refuel a car with gasoline,” said Braun. “If you had five-minute charge capability, you would think of this the same way you do an internal combustion engine.
Sunday, March 27, 2011
Equity analysts are scrambling fast to get on top of the REE story, and we’re beginning to see a flow of detailed reports on players in this sector. The latest one comes from Canada’s Scotia Capital and labels Neo Material Technologies (TSX:NEM) simply “The One”. The company was capitalized, as of Thursday, at $C964 million. Neo Material
Continue reading "Scotia rates Neo Material on potential for higher earnings" »
Saturday, March 26, 2011
The March 11 quake damaged a factory of Renesas Electronics Corp , a leading supplier of automotive micro control units. Close to a fifth of global auto production relies on products from its Naka factory, in Ibaraki prefecture, Deutsche Securities estimates. While it’s still too early to assess quite what the continuing tragedy in Japan means for
Friday, March 25, 2011
March 25, 2011 (Source: China Economic Review) -- The price of Chinas exports of rare earth metals are up almost ninefold year-on-year to US$109,036 per ton free on board, Reuters reported. The rapid increase in price is due to the central governments successful attempts to reduce the volume of exports of strategic elements, which are used in
Continue reading "Prices for Chinese rare earths break through $100,000 per ton" »
March 25, 2011 (Source: Usetdas) -- Rare Earth Metals Inc. (RA - TSX Venture), is pleased to provide an update on the status of its 2011 exploration activities.Clay Howells: Located in northern Ontario, this property is the focus of a winter drill program. Five of 13 drill holes targeted on a number of high priority magnetic zones
Continue reading "Rare Earth Metals Provides Update on its 2011 Exploration Program" »
March 25, 2011 (Source: Pr-Newswire) -- Texas Rare Earth Resources Corp. (OTCQB: TRER) (Pink Sheets: TRER) announced today that as a company reporting with the Securities and Exchange Commission (SEC), which is current in all required filings, it has been upgraded by OTC Markets to the OTCQB market tier.The OTCQB market tier helps investors easily identify companies
Continue reading "Texas Rare Earth Resources Corp. Upgraded to OTCQB by OTC Markets, Inc." »
Apparently, even makers of some of the most expensive cars are switching to electric and hybrid power. The Economist magazine reported from the Geneva Motor Show a week or so ago (March 10th) that a Rolls-Royce Silver Phantom surprised visitors with batteries and electric motors under the hood, rather than its traditional internal combustion engine Although only
Continue reading "A Posh Electric Car Rolls Onto The Market" »
Thursday, March 24, 2011
March 24, 2011 (Source: Marketwire) -- Bolero Resources Corp. (the Company or Bolero), (TSX VENTURE:BRU)(PINK SHEETS:BRUZF)(FRANKFURT:U7N1) is pleased to announce the appointment of Mr. Alex Knox to the Advisory Board of the Company. Alex Knox, is one of Canadas leading experts on rare earth geology with more than 35 years of experience in mineral exploration, including prospect
Continue reading "Bolero Welcomes Alex Knox to Its Advisory Board" »
March 24, 2011 (Source: Marketwire) -- Matamec Explorations Inc. (Matamec)(TSX VENTURE:MAT) is pleased to announce that assay results have been received for a further seventeen DDH on its 2010-2011 diamond drilling program on the Kipawa HREE-Y-Zr deposit in western Quebec. All preliminary results for this campaign have now been received.The drill program started on December 1, 2010
March 24, 2011 (Source: Reuters) -- Kazakhstan plans to join the race to supply rare earth metals to a global market squeezed by Chinese export cuts when it launches a project with Japanese trader Sumitomo Corp to treat uranium tailings in 2012.Summit Atom Rare Earth Co, co-owned by Kazakh state uranium miner Kazatomprom, plans to start producing
Continue reading "Central Asia joins hunt for rare earth metals" »
March 24, 2011 (Source: Usetdas) -- Stans Energy Corp. (RUU - TSX Venture), (Stans or the Company) has received its internal, 179-page, lab-scale report on Kutessay II metallurgical testing at the concentrate stage, completed by Information Research Center LLC (IRC), and reviewed by the Leading Russian Research Institute of Chemical Technology (VNIIHT). IRCs main objectives were to
March 24, 2011 (Source: CTV) -- China is hiking taxes on the mining of rare earth elements amid moves to mitigate environmental damage, control production levels and limit exports.China has about 30 per cent of the worlds rare earths deposits but accounts for 97 per cent of global production. The tax bureau said Thursday that taxes will
Continue reading "China raises taxes on mining of rare earth elements" »
March 24, 2011 (Source: PR-Newswire) -- Rare Element Resources Ltd. (AMEX: REE) (TSXV: RES) has appointed the following people to lead the 2011 exploration programs at the 100% owned Bear Lodge REE and Sundance Gold Projects in Crook County, Wyoming.James G. (Jim) Clark, Ph.D., L.Geo. - Vice President of Exploration Jim Clark continues in his position as
Continue reading "Rare Element Appoints 2011 Geological Team & Grants Options" »
Prem Kumar,professor of electrical engineering and computer science at Northwestern University, has developed a quantum routing switch that can shuttle entangled photons along various paths while keeping the quantum information intact. Just when I think we have covered the coming decade’s likely REE demand pretty well, Technology Review, published by MIT covers another development that’s completely off
March 24, 2011 (Source: Xinhua) -- China will impose a tax on rare earth minerals starting April 1, according to a statement issued jointly by the Ministry of Finance and the State Administration of Taxation to rare earth producers.Zhang Zhong, general manager of Inner Mongolia Baotou Steel Rare-Earth Hi-Tech Co., the countrys leading rare earth producer, confirmed
Continue reading "China to impose rare earth resource tax" »
March 24, 2011 (Source: Reuters) -- Chinas exports of rare earth metals burst through the $100,000-per-tonne mark for the first time in February, up almost ninefold from a year before, while the volume of trade stayed far below historical averages.Chinas squeeze on rare earths, which are used in a wide range of hardware including precision-guided weapons, hybrid
Continue reading "China rare earth prices explode as export volumes collapse" »
March 23, 2011 (Source: Usetdas) -- In March, 2010, Stans Energy Corp. (TSX-V: RUU) (Stans or the Company) retained Kazakhstan Mineral Company (KMC) to prepare an independent Technical Report including an Australian Joint Ore Reserves Committee (JORC) compliant Mineral Resource estimate for the rare earth oxides (REOs) remaining below the Kutessay II open pit mine, Kemin District,
"Materials science and engineering lies at the very heart of all engineering... everything has to be made of something, right?"...I couldn't have said it better. Drexel University, in conjunction with ASM International, have taken it to heart The Department of Materials Science and Engineering at Drexel University, in conjunction with ASM International Philadelphia Liberty Bell Chapter, will
Continue reading "MATERIALS CAMP -- a really neat initiative" »
Wednesday, March 23, 2011
March 23, 2011 (Source: Financial Post) -- Japan is one of the world’s biggest users of rare earth metals and a key customer of rare earth processor Neo Material Technologies Inc. So it is no surprise that Neo’s share price has nose-dived since the earthquake.Paradigm Capital analyst Daniel Kim thinks this uncertainty creates a buying opportunity for
Continue reading "Buy Neo Material on rare earth uncertainty" »
Click here to go to the Interview March 23, 2011 (Source: KRBD) -- Synopsis: An international expert says a Southeast Alaska mineral deposit could become one of the nations most important rare-earth element mines. Owners of the Bokan Mountain site say theyre proceeding in hopes of developing an area that once held a uranium mine.
Continue reading "Expert says rare-earth mine badly needed" »
March 23, 2011 (Source: Marketwire) -- Wealth Minerals Ltd. (the Company or Wealth) (TSX VENTURE:WML)(FRANKFURT:EJZ), is pleased to announce that diamond drilling has commenced on the Companys 100% owned Bororo Nuevo property (BN) located in Chubut Province, Argentina. The diamond drill program now underway at BN will consist of a minimum of 30 holes (approximately 2,000 metres)
March 23, 2011 (Source: Marketwire) -- Quantum Rare Earth Developments Corp. (TSX VENTURE:QRE)(OTCQX:QREDF)(FRANKFURT:BR3) (Quantum, the Company) is pleased to announce additional results of its 2010 re-sampling program of historic core from the Elk Creek Project, located in southeastern Nebraska, USA. As previously announced (December 17, 2010), the company performed an extensive (re)sampling program of existing sample pulps
Continue reading "Quantum Announces Additional Rare Earth Element Results" »
March 23, 2011 (Source: The Province) -- Chinas exports of rare earth metals hit the $100,000-US-per-tonne mark in February, up almost ninefold from 2010, while volume of trade was far below historical averages.Chinas squeeze on rare earths, which are used in hybrid car batteries and iPads, has forced prices up dramatically since July last year, when each
March 22, 2011 (Source: WSJ) -- Options traders climbed back aboard the rare-earths bandwagon Tuesday in a dismissal of worries that Japans earthquake could hamper demand for the sought-after minerals and the stocks of companies in the sector.Options traders staged a rush of bullish activity Tuesday targeting Molycorp Inc. (MCP) and Rare Element Resources Ltd. (REE) after
March 23, 2011 (Source: CNW) -- On February 24, Pele Mountain Resources announced NI 43-101 resources of 51.9-million pounds of Indicated total rare earth oxides (TREO) plus 96.3-million pounds of Inferred TREO. The TREO resources are in addition to 15.2-million pounds of Indicated uranium oxide (U3O8) plus 31.4-million pounds of Inferred U3O8, which was announced in Peles
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