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Posts from May 2011
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Tuesday, May 31, 2011
May 31, 2011 (Source: Marketwire) -- THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES. IBC Advanced Alloys Corp. (TSX VENTURE:IB) (IBC or the Company) has filed a preliminary short form prospectus with the securities regulatory authorities in all of the Provinces of Canada, except for the Province
May 31, 2011 (Source: FT) -- Vale, the world’s biggest iron ore producer, is gearing up to move into rare earth mining as Brazil tries to compete with China to supply some of the world’s most sought-after metallic elements, says Brazil’s science and technology minister, Aloizio Mercadante. The government has met several industrial companies to line up
May 31, 2011 (Source: AFP) -- French nuclear group Areva and chemicals counterpart Rhodia on Tuesday announced an agreement to develop deposits containing a mix of uranium and rare earth elements. Under the terms of a memorandum of understanding, the companies will combine their respective expertise to put together joint offers for the development and exploitation of
Continue reading "Areva and Rhodia in nuclear and rare earths deal" »
May 31, 2011 (Source: FSC) -- Rare Earth Metals Inc. provides an update on its current work at Clay-Howells, including: -Winter Drilling Results -Mineralogy Report Follow-up Rare Earth Metals Inc. (RA - TSX Venture), is pleased to announce an update on its 2011 exploration program at the Clay-Howells project located 40 kilometers north-northeast of Kapuskasing, Ontario. A
Continue reading "Rare Earth Metals Inc. Exploration Update " »
May 31, 2011 (Source: Marketwire) -- Dacha Strategic Metals Inc. (Dacha or the Company) (TSX VENTURE:DSM)(OTCQX:DCHAF) is pleased to announce its intention to make a Normal Course Issuer Bid (NCIB) to buy back its common shares through the facilities of the TSX Venture Exchange (Exchange). The NCIB is subject to receipt of Exchange approval. The maximum number
At the heart of Baotous rare earths smelting, those environmental aspirations are blighted by pollution that can cut visibility around the main plants to a few dozen meters. Su Wenqing, the Baotou industry official, wrote that companies there had dumped tailings, including mildly radioactive ore scrap, into local water supplies and farmland and the nearby Yellow River,
Monday, May 30, 2011
May 30, 2011 (Source: SMH) -- Shares in Africa-focused Globe Metals and Mining shot up today after it released positive rare earth exploration results. Chinese state-owned firm East China Minerals Exploration and Development Bureau last month became the largest shareholder in Globe when it bought a 53.7 per cent stake. Globe said in a statement today that
May 30, 2011 (Source: Reuters) -- Japans imports of rare earths from China inched up 2.6 percent in April from March but some market players say demand may slow in the third quarter, partly because stocks were likely to be unused in the wake of the March earthquake. Imports of rare earths from China stood at 1,646
Continue reading "Japan April rare earths imports from China up 2.6 pct m/m" »
- Substantial orientation rock chip and soil sampling program identifies widespread REE mineralisation in at least 5 different zones - Both light (LREO) and heavy (HREO) enriched zones discovered - LREO-enriched rock chip samples include: 4.16%, 3.64%, 3.04% and 3.01% TREO - HREO-enriched rock chip samples with significant dysprosium and europium values include: 1.09% with 20.4% HREO
Continue reading "Multiple, Wide Rare Earth Zones Identified at Mount Muambe – Mozambique" »
Full release available for download here.
May 30, 2011 (Source: Marketwire) -- With great sadness Matamec Explorations Inc. (TSX VENTURE:MAT) (Matamec) has learned of the death of Les Heymann, P.Eng. Matamec expresses its deepest sympathy to Les Heymanns wife, Lesley, to his family and to the many friends and colleagues that he has left behind. Matamec, and the numerous other rare earth mining
Continue reading "Matamec Continues Its Metallurgical Optimization Tests Without Les Heymann" »
May 30, 2011 (Source: Orion Metals) -- The Directors of Orion Metals (ASX:ORM) advise that the Company’s Director of Exploration, Mr. Adrian Day, and a consultant geologist have recently completed an inspection of proposed drill sites to confirm access after the recent unusually heavy monsoon season. The drilling programme is expected to start next week and will
May 30, 2011 (Source: Marketwire) -- IBC Advanced Alloys Corp. (TSX VENTURE:IB) (IBC or the Company) is pleased to announce the appointment of Major General David Heinz as an independent director of the Company effective May 25, 2011. MajGen Heinz is a highly decorated retired senior U.S. Marine Corps officer whose most recent military assignment was as
May 30, 2011 (Source: ASX)Australian rare earths company Arafura Resources Limited (ASX: ARU) (Arafura or the Company) is pleased to advise that it has accepted an invitation to join the Advisory Board of the REE World organisation.REE World is an international organisation dedicated to providing industry executives and investors with market intelligence, news highlights and media updates
Dacha Reports Assets of C$0.94 Per Share With Inventory Valued at US$64.8 Million as of May 27, 2011
May 30, 2011 (Source: Marketwire) -- Dacha Strategic Metals Inc. (Dacha or the Company) (TSX VENTURE:DSM)(OTCQX:DCHAF) is pleased to announce the continued appreciation of its Rare Earth metals inventory. As of May 27, 2011, the estimated value of its metals inventory was US$64.8 million, or C$63.3 million, an increase of C$17.2 million, or 37%, from the estimated
May 30, 2011 (Source: Marketwire) -- Great Western Minerals Group Ltd. (GWMG or the Company) (TSX VENTURE:GWG)(OTCQX:GWMGF) announces that it is exercising its rights under South African company law and has initiated the process to compel the acquisition of all of the remaining shares of Rare Earth Extraction Co. Limited (Rareco) that it does not already hold,
In engineering terms, the New Bus for London will be 15 per cent more fuel efficient than existing hybrid buses and 40 per cent more efficient than conventional diesel double-deckers. ---- Designs for the new bus were unveiled by the Mayor of London, Boris Johnson, in May 2010. A first prototype developed by Wrightbus will be complete
In this edition: what’s happening with Australian REE stocks, Alkane provides an answer to reader questions, and promising news from Mozambique. So where does Australian investor sentiment lie at present in relation to rare earth companies? Frankly, it’s impossible to tell because there‘s no uniform trend - but certainly the general market sentiment has dragged down most
Friday, May 27, 2011
May 27, 2011 (Source: FT) -- A gravity-defying leap in the price of Chinese rare earth metals has triggered fears that the cost of components used in a range of goods from mobile phones to hybrid cars could soar. The three to fivefold jump in prices since January comes after China, the world’s biggest producer of rare
May 27, 2011 (Source: Reuters) -- Chinas biggest rare earth producer, Baotou Steel Rare Earth (Group) Hi Tech , has won local government approval to start an exchange to trade the increasingly lucrative metals used in many high-tech goods, state media reported on Friday. The regional government of Inner Mongolia, where the Shanghai-listed companys mining and processing
Continue reading "China companies get green light for rare earth exchange-report" »
The idea of a European supergrid gained momentum in December with the signing of an agreement by all 10 nations bordering the North Sea to, for example, co-ordinate the deployment of new HVDC cables. The North Sea offshore grid initiative, backed by the UK prime minister, David Cameron, aims to link renewable energy generation across the North
Thursday, May 26, 2011
May 26, 2011 (Source: Arafura Resources) -- Australian rare earths company Arafura Resources Limited (ASX: ARU) (Arafura or the Company) is pleased to advise that it has successfully completed the Hydrochloric acid regeneration program, a key part of its wider, previously reported Technology program. The process involves taking calcium chloride residues from the Phosphate circuit and re-acting
Continue reading "Arafura Successfully Completes Key Technology Work Program" »
May 26, 2011 (Source: Marketwire) -- U3O8 Corp. (TSX VENTURE:UWE), a Canadian-based company focused on exploration and resource expansion of uranium and associated commodities in South America, is pleased to announce the appointment of Pablo Marcet to its Board of Directors, effective immediately. Pablo is an Argentine National with 25 years of experience in all aspects of
Continue reading "U3O8 Corp. Enhances South American Expertise With New Board Appointment" »
May 26, 2011 (Source: PR-Newswire) -- Rare Element Resources Ltd. (NYSE-Amex: REE and TSX-V: RES) (the Company or Rare Element) announced that its common shares will begin trading on the Toronto Stock Exchange, the senior equity trading market in Canada, as of Friday, May 27, 2011. The Company will retain its current trading symbol - RES. Mark
Continue reading "Rare Element shares to trade on the Toronto Stock Exchange on May 27, 2011" »
May 26, 2011 (Source: CNW) -- Tasman Metals Ltd. (Tasman or the Company) (TSXV: TSM) (Frankfurt: T61) (Pinksheets: TASXF). Mr Mark Saxon, President and CEO, advises that Tasmans registration statement on Form 40-F, filed with the United States Securities and Exchange Commission pursuant to section 12 of the United States Securities Exchange Act of 1934, became effective
China is not taking their global REE dominance for granted by any means. Baotou, one of the worlds largest REE producers, has been the governmental thumbs up to establish a Rare Earth Products Exchange in China. The Beijing-based Global Times, an offshoot of the official CCP newspaper The Peoples Daily, reported today, pointing to analysts suggestions thatthe
Continue reading "Baotou's Rare Earths Product Exchange Given Government Go-Ahead" »
May 26, 2011 (Source: Business Wire) -- Stans Energy Corp. (TSX-V: RUU, OTCQX: HREEF) (“Stans” or “the Company”) has completed its $5,500,000 USD transaction for 100% ownership of the Kyrgyz Chemical Metallurgical Plant (KCMP) Rare Earth Processing Complex and Private Rail Terminal, pursuant to the agreement signed on January 13th, 2011, and further approved by the KCMP
Continue reading "Stans Closes Acquisition of KCMP Heavy Rare Earth Processing Complex" »
May 26, 2011 (Source: Global Times) -- Inner Mongolia Baotou Steel Rare-Earth Hi-Tech Co., Ltd announced on Wednesday that it had been approved by the government to set up the Baotou Rare Earth Products Exchange, symbolizing that Chinas rare earth products exchange has entered a practical operational phase, according to a report from Shanghai Securities News on
Continue reading "Baotou to build Rare Earth Products Exchange" »
There was a line, just a mention in passing as it were, in the latest announcement from U308 Corp (TSX.V:UWE) that concerned a rather important rung in the REE ladder. The main news itself will be posted elsewhere; in brief, the company was reporting further assay results from its Berlin uranium-phosphate-vanadium-REE project in Colombia. But the announcement
Continue reading "Down Under REE report: the ANSTO factor" »
Vestas and Siemens dominate offshore projects: Of 2,935 megawatts of installed sea-based wind capacity in Europe at the end of last year, 1,385 megawatts were from Vestas while Siemens had 1,346 megawatts, New Energy Finance data show. Geared or gearless wind turbines, that is the big choice in the offshore renewable energy sector. Gearless turbines offer reduced
Wednesday, May 25, 2011
May 25, 2011 (Source: BusinessWire) --Earlier today, USMMA President Ed Richardson testified as an expert witness before theU.S. House of Representatives Natural Resources Subcommittee on Energy and Mineral Resources. The committee held a hearing to examine the impact of foreign market disruptions on U.S. domestic supplies of, and demand for, strategic and critical minerals, including rare earth
Continue reading "USMMA Testifies Before Congress on Rare Earth Supply Chain Security" »
I am attending the Metal Pages conference in Las Vegas from the 1st-3rd of June, and am very much looking forward to a wide range of discussions (be they in the conference rooms or at the hotel bar) on China’s latest moves and tactics. If any of our esteemed readership and colleagues find themselves there, please do
Continue reading "Rare Metal Roundup: Congressional Subcommittee Hearings, Quotas, and Crackdowns" »
May 25, 2011 (Source: Marketwire) -- U3O8 Corp. (TSX VENTURE:UWE) a Canadian-based company focused on exploration and resource expansion of uranium and associated commodities in South America, reports assay results from a further four bore holes and three trenches completed in the Berlin Project in Caldas Province, Colombia. The Berlin Project is a sediment-hosted, multi-commodity prospect with
May 25, 2011 (Source: Marketwire) -- Quest Rare Minerals Ltd. (TSX VENTURE:QRM)(NYSE Amex:QRM) is pleased to provide a summary of the rare earth element (REE) mineralogy and metallurgy of its Strange Lake B-Zone deposit. In general, indications from the test work currently being undertaken by Hazen Research, Inc., of Golden, Colorado, are that the deposit is metallurgically
Most everyone has heard or read about the soon to be U.S.'s Space Shuttle program, at least as to how we've known it for the last 30 years or so. We've also heard a ton about Mark Kelly, the American astronaut and U.S. Navy captain who flew his first shuttle mission in 2001 and subsequent missions in
Continue reading "Rare Earths are out of this world... really" »
May 25, 2011 (Source: BusinessWire) -- Texas Rare Earth Resources Corp. (OTCQB:TRER), a heavy rare earths exploration, development and mining company, today announced that the close-spaced aero-magnetic/gamma ray spectrography study contracted to Aeroquest Airborne begins today at Round Top Mountain near Sierra Blanca, Texas. Previously, the work was scheduled to be initiated in late July of this
Tuesday, May 24, 2011
May 24, 2011 (Source: CNW) -- Pele Mountain Resources Inc. (TSX Venture: GEM; OTCQX: GOLDF) (Pele or the Company) today announced the arrival of two drill rigs and the commencement of a 7,000-metre drill program at its Eco Ridge Mine Rare Earths and Uranium Project at Elliot Lake, Ontario. Eco Ridge is 100-percent owned by First Canadian
By providing a framework for frequent and regular interaction among technical experts in a common area of expertise, the Partnership –•Accelerates technical progress; peers in the technical community discuss pre-competitive, technology-specific RD needs and challenges, identify possible solutions, and evaluate progress toward jointly-developed technical goals. •Helps to avoid duplication of efforts and ensure that publicly-funded research delivers
Sunday, May 22, 2011
May 21, 2011 (Source: Wall Street Journal) -- Chinas exports of rare-earth ores and metals in the first four months this year rose 33% on year to 18,614 metric tons, even as Beijing orders drastic cuts to the countrys rare-earth exports, customs data supplied by Hong Kong-based Economic Information Agency showed Saturday. The data suggest that even
China is also racing to match Japan, which analysts say may have years worth of rare-earth consumption already locked up. The Japanese say no, but the Chinese believe Japan already has two to three years worth, and Im inclined to be closer to the Chinese view, Michael Komesaroff, a minerals expert and principal of Urandaline Investments said
Add New Zealand to the global rare earth directory. A new player, Strategic Elements, has issued a prospectus to raise capital ahead of listing on the Australian Securities Exchange. The company holdsseveral tenements in New Zealand and Australia. The former are the more interesting because New Zealand is rarely considered a serious mining jurisdiction other than for
Continue reading "Down Under REE report: New Zealand joins race" »
Saturday, May 21, 2011
SIM-Drive Corporation is a Japanese consortium based in Kawasaki-shi and established in 2009. Consisting of 34 companies and municipalities, it focuses on research and development of electric vehicles. Today I get to return to one of my favourite topics, new developments in our age of electric mobility. One of the more unusual approaches to electric vehicles, is
Friday, May 20, 2011
May 20, 2011 (Source: Business China) -- Chinas State Council on Thursday issued a national guideline for the rare earth industry, as a slew of problems that are severely affecting the industry have emerged with its rapid development, China Business News reported on Friday.The guideline is the first of its kind in 11 years and lifts rare
Continue reading "China Tightens Control of Rare Earth Industry" »
May 20, 2011 (Source: WSJ) -- Chinas shares ended flat Friday, with gains in rare-earth stocks offsetting falls in power firms and airlines amid continuing concerns over global economic uncertainties, rising domestic inflation and further monetary tightening. The benchmark Shanghai Composite Index, which tracks both A and B shares, ended down 0.04%, or 1.11 points, at 2858.46.
Continue reading "China Shares End Flat; Rare Earth Gains Offset Economic Uncertainty" »
Thursday, May 19, 2011
May 19, 2011 (Source: WSJ) -- China moved to tighten its control over rare-earth metals Thursday by expanding its export-quota system and imposing higher taxes on the metals, which are used in such high-tech applications as laser-guided weapons and hybrid-car batteries.It also said it will get tough with companies that resell export quotas and wont approve any
While fabulosity is surely a concept more frequently bandied about at Nicholas Ghesquières atelier than on the outcrop, for one brief shining moment on Monday eve the two worlds collided for cocktails. Molycorp (alongside the Continental Mining and Metallurgical Corporation) underwrote the Rare Earths Fluorescent Ball, a contemporary arts gala benefit at the Museum of Arts and
Continue reading "Rare Earth Couture: Moly and the Museum of Arts and Design" »
With more and more companies throwing their hat into the rare earths rings, and international production expected to ramp up substantially between 2013 and 2015, Beijing seems intent upon brandishing its current doyen of the REE world status to full effect. As stated in the article below (source: The Australian), the iron alloy quota addition is largely
The Chinese government warned that foreign firms which have used underhand methods to get around those quotas will now face a tougher time. Resolutely crack down on illegal exports and smuggling of rare earths, said the directive from the State Council, or Chinas cabinet, which was issued on the central governments website. Things could get very expensive
Continue reading "China To Crack Down On Illegal Exports." »
May 19, 2011 (Source: The National) -- When a row erupted between Japan and China last year over disputed islands in the East China Sea, an unexpected consequence was a big jump in the price of rare earth elements. The global supply of these commodities, required for a host of high-tech products including hybrid cars and smartphones,
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