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Posts from August 2011

Wednesday, August 31, 2011

Down Under wrap: dysprosium discovered, big hit in Tanzania

Dysprosium in one deposit, neodymium in another. That’s the story that junior Australian explorer TUC Resources(ASX:TUC) - formerly Territory Uranium - is now following. The company has just announced a discovery at its Stromberg prospect in the Northern Territory that it describes as a “new dysprosium-rich heavy rare earth discovery“. The company has another project in the

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Cache Update With Highlights of Quarterly Filings

August 31, 2011 (Source: The Newswire) -- Mr. George A. Brown, President and CEO of Cache Exploration Inc. (TSX-V:CAY), is pleased to announce that the unaudited financial statements for the three month and nine month period ended June 30, 2011 and the associated Management Discussion and Analysis have been filed on SEDAR. Highlights include: As at June

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PAW Signs Conditional Memorandum of Understanding with Community Group

August 31, 2011 (Source: Marketwire) -- Canada: Pacific Wildcat Resources Corp. (TSX VENTURE:PAW) (PAW or the Company) is pleased to announce it has entered into a conditional Memorandum of Understanding (MOU) with the Kaya Mrima Self Help Group (KMSHG). The KMSHG is registered with the Ministry of Home Affairs, National Heritage and Sports and the Ministry of

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Cache Completes Nunavut Exploration Programs

August 31, 2011 (Source: The Newswire) -- Mr. George A. Brown, President and CEO of Cache Exploration Inc. (TSX-V:CAY), is pleased to announce that a preliminary geological assessment and rock sampling program was completed during July and August at each of the six prospecting permit areas in Nunavut. Dr. David Lentz, P.Geo., is a Qualified Person as

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Graphene 'could help boost broadband internet speeds'

August 31, 2011 (Source: BBC) -- Graphene, the strongest material on Earth, could help boost broadband internet speed, say UK researchers. Scientists from Manchester and Cambridge universities, have found a way to improve its sensitivity when used in optical communications systems. Their discovery paves the way for faster electronic components, such as the receivers used in fibre

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Government plans to step up indigenous production of rare earth minerals

August 31, 2011 (Source: Economic Times) -- India is planning to step up indigenous production of rare earth minerals, a bit of which can be found in everything high tech - from smart phones and laptops to hybrid vehicles and wind turbines. A government panel is currently working on a strategy paper to give impetus to exploration

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Rare Earth Metals Provides Update on Drilling from Lavergne-Springer Project, Near Sudbury, ON

August 31, 2011 (Source: Marketwire) -- Rare Earth Metals Inc. (Rare Earth Metals, RA or the Company) (TSX VENTURE:RA)(OTCQX:RAREF)(PINK SHEETS:RAREF) is pleased to report diamond drill sample results from the second drill hole on the West Lavergne REE Mineralized Zone at the Lavergne-Springer property. The property is located 8 km north of the Trans-Canada Highway, in Springer

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Drilling Programs Completed at Korella & Pilgrim

August 31, 2011 -- The directors of Krucible Metals Ltd are pleased to announce that R.C. percussion drill programs have recently been completed at Korella and Pilgrim in NW Queensland (see FIGURE 1). Korella (EPM 15572 MLA 90209) is 100% owned by Krucible whilst Pilgrim (EPM 15072) is a Joint Venture with Deep Yellow Ltd (DYL). Krucible

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India's government plans to step up domestic REE production

August 31, 2011, New Dehli (Source: Economic Times) -- India is planning to step up indigenous production of rare earth minerals, a bit of which can be found in everything high tech - from smart phones and laptops to hybrid vehicles and wind turbines.A government panel is currently working on a strategy paper to give impetus to

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Germany Gets Green(er).

Cleaner green energy production in Germany jumped 2.5% in the first half of 2011, over 2010s already high level of 18.3%. The current German target is to be getting 35% of their electricity from green renewable energy sources by 2022, the year Germany plans to close down the last of its nuclear power reactors. Excluding nuclear power,

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REE - perhaps the beginning of new international rivalry?

Are we about to see a new geopolitical dimension to the rare earths story? This week, as RareMetalBlog reported yesterday, Michael Silver, president of American Elements, called for the U.S. to create a strategic metals reserve, and one that would include REE. He says that these elements are vital to the U.S. economy and its manufacturing sector.

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Tuesday, August 30, 2011

American Elements' President: US strategic metals reserve needed now

Hindsight would be priceless if it could be transmuted into foresight - a would-be alchemist’s lament “Two years ago, neodymium metal sold for $35-45 per pound. Today it is $900 per pound and climbing. All rare earth metals have risen similarly,” said Michael Silver, president and chairman of the board of American Elements, a manufacturer of engineered

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Neo Material Technologies expands its Gallium business

August 30, 2011 (Source: CNW) -- Neo Material Technologies Inc. (TSX: NEM) (the Company or Neo) announced today that it has acquired an 80% interest in Gallium Compounds, LLC (Gallium Compounds) and plans to expand the Gallium Compounds business of gallium tri-chloride production into South Korea. Gallium Compounds, based in Quapaw, Oklahoma is a recognized world leader

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Resources hunt fuels global mining

August 30, 2011 (Source: China Daily) -- The US dominated the global mining mergers and acquisitions (MAs) market in the first half, accounting for 18 percent of the total deal value, while China and Canada each accounted for 17 percent of global mining MA transactions, Wayne Jansen, global partner of KPMG in charge of the global mining

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Arafura Appoints Lloyd Jones as Non-Executive Director

August 30, 2011 (Source: Arafura) -- Australian rare earths company Arafura Resources Limited (ASX: ARU) (Arafura or the Company) is pleased to announce the appointment of Mr Lloyd Jones as a Non-executive Director of the Company with effect from 30 August 2011. Mr Jones has been involved with the chemical industry for many years and more recently

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Will China's rare earths sector crackdown work?

August 30, 2011 (Source: Reuters) -- China is currently waging war on its unruly rare earths sector, with state inspection teams in the middle of a four-month campaign to crack down on illegal producers, processors and traders. China produces more than 95 percent of global rare earth metals and its efforts to bring the sector under greater

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Cache Approved For Two Grants By The NBJMAP

August 29, 2011 (Source: The Newswire) -- Mr. George A. Brown, President and CEO of Cache Exploration Inc. (TSX-V:CAY), is pleased to announce that the Company received approval in August for two grants by the New Brunswick Junior Mining Assistance Program (NBJMAP). One NBJMAP grant is for $20,000 or 50% of eligible costs up to $40,000 on

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Tasman, Quest seen succeeding in the REE game of life

It’s time for the investment spotlight to once again shine on Quest Rare Metals and Tasman Metals in a game I like to call: “Who-will-survive-in-the-rare-earths-space?” Long-time investor George Maniere, who runs the InvestingAdvicebyGeorge blog, says each rare earths company must be looked at individually to determine what the value of the mined element is worth and how

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Great Western Minerals Group Releases 2nd Quarter 2011 Financial Results

August 30, 2011 (Source: Marketwire) -- Great Western Minerals Group Ltd. (GWMG or the Company) (TSX VENTURE:GWG) (OTCQX:GWMGF) today announced its financial results for the 2nd Quarter of 2011. GWMG now reports its results under International Financial Reporting Standards. For the three months and the six months ended June 30, 2011, GWMGs financial summary and highlights are

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Search Minerals Expands REE Mineralization at Foxtrot Prospect, Labrador

August 30, 2011 (Source: Marketwire) -- Search Minerals Inc. (Search or the Company) (TSX VENTURE:SMY) and its wholly-owned subsidiary, Alterra Resources Inc., are pleased to announce positive results from the second phase of drilling at its Foxtrot Prospect (100% owned) in the Port Hope Simpson REE District, SE Labrador. A 4083m-drill program (20 holes) has been completed

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The Unstoppable Rise of Renewable Energy.

Volkswagen is now interested in the wind farms, thereby providing a possible breakthrough for the wind industry. The industry was suffering from setbacks, as there was a lack of investors for the construction of wind farms. We‘ve covered Volkswagen and others, investment in renewable energy to help meet their electricity needs, especially in the EU where the

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Japan wary as China beefs up rare earths production restrictions

Japan’s government is wondering just how far China will go in cracking down on rare earths production. The Yomiuri Shimbum reports that the Chinese government has once again stepped up efforts to further restrict rare earths production and plans to have mining and refining firms adhere to a government-set production schedule. One big worry? Japan’s ability to

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China to tighten restrictions on rare earths production

August 30, 2011 (Source: Yomiuri Shimbun)--The Chinese government has stepped up efforts to further restrict rare earth production and plans to have mining and refining firms in the nation adhere to a government-set production schedule, it has been learned. The Japanese government is wary of Chinas move, as Japans procurement volume of rare earths will highly likely

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Monday, August 29, 2011

Contracts for rare earths shifting to quarterly basis

August 30, 2011 (Source: Japan Times)--Japanese rare earth buyers are switching to quarterly sales contracts and looking for alternative sources after China curbed shipments, increasing prices for the materials used in hybrid cars and missiles. Prices have increased by as much as three times since May, hurting companies such as Hitachi Metals Ltd., which makes magnetic and

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Rare Earth Elements - The Secret Ingredients of Everything

August 29, 2011 -- (Source: National Geographic) From smart phones to hybrid vehicles to cordless power drills, devices we all desire are made with a pinch of rare earths—exotic elements that right now come mostly from China. Most of us would be hard-pressed to locate Inner Mongolia, Jiangxi, or Guangdong on a map. Yet many of the

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Tiny Secret to Stronger Aluminum

August 29, 2011 (Source: LabNews) -- Long before they knew they were doing it—as long ago as the Wright Brother’s first airplane engine—metallurgists were incorporating nanoparticles in aluminum to make a strong, hard, heat-resistant alloy. The process is called solid-state precipitation, in which, after the melt has been quickly cooled, atoms of alloying metals migrate through a

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High Rare-Earth Prices Force Hitachi, Toyota to Find Alternative

August 29, 2011 (Source: Bloomberg) -- Japanese rare-earth buyers are switching to quarterly sales contracts and looking for alternative sources after China curbed shipments, increasing prices for the materials used in hybrid cars and missiles.Prices have increased by as much as three times since May, hurting companies such as Hitachi Metals Ltd. (5486), which makes magnetic and

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Zircon's take-off may be only the beginning of boom

August 29, 2011 (Source: The Australian) -- WORRIED about copper? Frantic about zinc? Then think zircon. Between 2000 and 2007 it tripled to $US900 a tonne. That was only the beginning.Last week, Iluka Resources (ILU) reported its first-half results showing it received an average $US1450/tonne for zircon. Those results also showed that, by July, the price was

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Great Western Minerals Group Steenkampskraal Rare Earth Mine Site Refurbishment Project Proceeding on Schedule

August 29, 2011 (Source: MarketWatch) -- Great Western Minerals Group (otcqx:GWMGF) is pleased to provide an update on the refurbishment of the Steenkampskraal mine shaft and ancillary facilities, all of which is proceeding on schedule. The project, previously announced as being awarded to East Rand Engineering Services, includes the refurbishment of the mine access decline, construction of

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Ellis Martin Report with Texas Rare Earth Resources Corp

In this interview, Ellis Martin speaks with Marc LeVier, Director and CEO of Texas Rare Earth Resources Corp (TRER.OB). Texas Rare Earth Resources Corp is a North American based mining company engaged in the exploration and development of mineral properties. Their flagship property, Round Top Mountain in Hudspeth County, Texas, is held under a 20-year renewable lease

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Achtung, Achtung! Von of Our Turbines Is Missing.

A big part of Europe’s plan for generating more of its electric power from green(er) renewable energy sources, relies in part on developing the offshore wind resources of the British Isles and Ireland. The wind blows in the space occupied by the UK in sufficient quantity to be generating some electric power, about 3 quarters of the

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Is the REE game over? Not by a long shot

Let’s talk about forecasts - and what this means for the rare earths sector. Then let’s get on with exploring and find more economic projects. The glass is still half full, you know. Forecasts are a prediction. They are not conclusive evidence. Last week I commented - in REE World Report - on some of the implications

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Friday, August 26, 2011

Quebec Woos Japan, China to Invest in $80 Billion Regional Plan

August 26, 2011 (Source: Bloomberg) -- Companies from Japan and China, seeking new metal supplies, are considering investing in an $80 billion regional development plan in Canada’s resource-rich Quebec province, said Premier Jean Charest. Japan’s “investment houses” are in talks about potential investments in rare earths and lithium deposits, as well as in infrastructure, Charest said in

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Exclusive Right to Explore & Option to Acquire Rio Tinto’s Gippsland Zircon-Rutile HMS Project

August 26, 2011 (Source: Metallica) -- Metallica Minerals Limited’s (ASX: MLM) wholly-owned subsidiary, Oresome Australia Pty Ltd (Oresome), advises that it has entered into a Right to Explore and Option to Purchase Agreement (the Agreement) with Rio Tinto Exploration Pty Ltd (Rio Tinto) pursuant to which Oresome will have the exclusive right to explore certain exploration licences

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Japan Firms Seek to Develop Rare Earths in Canada, Charest Says

August 26, 2011 (Source: SFGate) -- Japanese companies are interested in developing rare earth mines in Canadas Quebec province, Premier Jean Charest said at a briefing in Tokyo today. Chinese companies may announce investments in the province in coming weeks, Charests adviser Mario Lavoie said in Tokyo. The possible investments include a nickel mine, Robert Marquis, head

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Has China missed a 'rare' opportunity with rare earths?

August 26, 2011 (Source: BBC) -- Rare earth will do for China what oil did for Saudi Arabia. Deng Xiaoping, the former leader of China made this remark two decades ago, but the real extent of its implication is starting to become clear only now. Rare earths, a group of 17 elements, have become the natural resource

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IBC Advanced Alloys Joins OTCQX Market in the USA

August 26, 2011 (Source: Marketwire) -- IBC Advanced Alloys Corp. (TSX VENTURE:IB)(PINK SHEETS:IAALF)(OTCQX:IAALF) (IBC or the Company) is pleased to announce that common shares of the Company commenced trading on OTCQX International, the highest tier of the OTC market in the United States, under the symbol IAALF on August 26, 2011. The Companys common shares will continue

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China Takes To Motoring.

Pike Research anticipates that the annual market for hybrid electric and plug-in electric vehicles will grow to 2.9 million vehicles by 2017. Increasing fuel costs, government purchase incentives, increasing fuel economy standards, and increased vehicle availability will benefit both segments of electric vehicles to varying degrees. In the hybrid electric market, the incentives are playing less of

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Thursday, August 25, 2011

The Practical Realities of the Rare-Earths Sector

Since publishing the Critical Rare Earths report earlier this month, Ive received plenty of feedback on its contents, and the approach that I took with it. I particularly appreciate the interest in, and coverage of the report by RMB and REE World. Ive had some great dialog with folks who dont necessarily agree with some of the

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Cabot selling Supermetals line for $400M

August 25, 2011 (Source: MHT) -- Specialty materials company Cabot Corp. (NYSE: CBT) has entered into an agreement to sell a business line of rare metals to Global Advanced Metals for $400 million in cash, the company reported in a release today. Boston-based Cabot is selling its Supermetals business to Australian company GAM, which is a major

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Production shifts to China for rare earths

August 25, 2011 (Source: UPI) -- As China tightens its grip on rare earth minerals, more foreign companies are moving manufacturing operations to China to gain access to the elements. China said this week it would appeal the World Trade Organizations ruling last month against the countrys industrial minerals export policy. The WTO decision was hoped to

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Chasing Rare Earths, Foreign Companies Expand in China

August 25, 2011 (Source: NYT) -- China has long used access to its giant customer base and cheap labor as bargaining chips to persuade foreign companies to open factories within its borders. Now, corporate executives say, it is using its near monopoly on certain minerals — in particular, scarce metals vital to products like hybrid cars, cellphones

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Texas Rare Earth Resources Corp. to Present at the Rodman & Renshaw Annual Global Investment Conference

August 25, 2011 (Source: Businesswire) -- Texas Rare Earth Resources Corp. (OTCQB: TRER), a heavy rare earths exploration and development company, announced today that Marc LeVier, President and Chief Executive Officer, will present at the Rodman Renshaw Annual Global Investment Conference at The Waldorf Astoria in New York City on Tuesday, September 13 at 3:15 PM ET.

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Kirrin Progresses Uranium and Rare Earth Elements Exploration and Files Q2 2011 Results and Operating Highlights

August 25, 2011 (Source: Marketwire) -- Kirrin Resources Inc. (TSX VENTURE:KYM) today reported its financial results and operational highlights for the second quarter of 2011. The quarter was marked by busy exploration programs and progress at the Key Lake SW uranium project and the Grevet REE project. Summary financial data is set out below. The second quarter

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BE Resources Announces Changes to Management Team

August 25, 2011 (Source: Marketwire) -- BE Resources Inc. (TSX VENTURE:BER) (BE or the Company) is pleased to announce that Jon Pereira has been appointed President and Chief Executive Officer of the Company. David Tognoni will continue to be an important member of the management team as Chief Operating Officer. The appointment of Mr. Pereira is subject

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Commerce Resources Corp. Updates Rare Earth Element Exploration at Eldor Project, Quebec

August 25, 2011 (Source: PRNewswire) -- Commerce Resources Corp. (TSXv: CCE), (FSE: D7H), (OTCQX: CMRZF) (the Company or Commerce) is pleased to provide an update on the summer exploration activities at the Companys Eldor Project in northern Quebec. Commerces 2011 summer drilling program is well underway with two drill rigs currently operating on site. The Company plans

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Hastings Rare Metals Results Continue to Enhance Deposit

August 25, 2011 (Source: Hastings) -- Highlights Positive assay results returned from a further 21 holes. Intervals of up to 11,000ppm ZrO2, 4500ppm Nb2O5, 240ppm Ta2O5 and 2300ppm Total Rare Earth Oxides (TREO) returned in recent assay results. Initial metallurgical samples delivered to Ammtec Limited. Traversing confirms location of southern extensions of the mineralisation with area returning

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And the winner of the 'L Prize' is… (Envelop please)!

Okay… So what’s the L Prize?, and What does it have to so with the Rare Metals space? Both good questions Launched in 2008 and sponsored by the U.S. Department of Energy (DOE), the L Prize (then formally known as the ‘Bright Tomorrow Lighting Prize’) was the first government-sponsored technology competition designed to spur lighting manufacturers to

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China to Appeal WTO Ruling.

Yesterday, China confirmed it would appeal last month’s World Trade Organisation ruling against China’s raw materials export policy. Though the ruling was restricted to other raw materials than China’s rare earth elements and oxides, it was widely seen as relevant to them as well. If anything, China’s REE export quotas and duties are even more egregious than

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Building a picture of Japan's search for REE supplies

Earlier this week I wrote about the “forgotten” rare earth producers; in other words, the handful of operations around the world that make up the 3 or so per cent of supply that does not come out of China. But there is also another aspect of the rare earth business that gets covered occasionally but usually involves

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