By Adam Currie — Exclusive to Rare Earth Investing News Investor focus shifted east this week as market speculators made it known that they believe China will boost rare earth output to take advantage of potential near-term price ...
U.S.-based Molycorp, Inc., one of the only non-Chinese producers of rare earths, announced today that its proven and probable reserves of rare earth minerals at its Mountain Pass, California facility have increased by 36%, according to a ...
Tags: rare earths, rare earth minerals, mineral reserves, mining
Molycorp Inc. (NYSE:MCP), one of the only non-Chinese producers of rare earths, has sued the engineering company responsible for designing the chemical processes at its troubled Project Phoenix for over $45 million in damages. The rare ...
Tags: rare earths, Molycorp, rare earths miner, rare earth dominance
In mid-day trade on Monday Molycorp was changing hands for $10.06, up 2.2%, recovering from a brutal Friday when the rare earth miner was beaten down 11.8% – it was also one of the most actively traded stocks on the NYSE – ...
Tags: Molycorp, rare earth, miner, Mountain Pass mine
PTI cited government auditor CAG as saying that iron ore miner NMDC has suffered INR 745.94 crore revenue loss during 2007-10 for not revising the domestic prices of the steel-making raw material in line with prevailing market rates, due to ...
Tags: miner, iron ore, steel-making raw material, Steel Mills
Stans Energy Corp (TSX-V: HRE) added more than 10% on Wednesday after announcing the successful separation of dysprosium oxide at its Kashka plant in Kyrgyzstan ahead of schedule. The company said 50kg of the heavy rare earth dysprosium ...
Tags: Stans Energy, heavy REEs, dysprosium oxide, heavy rare earth
In lunchtime trade Molycorp was changing hands for $24.37, down $1.06 or 4%, in reaction to a downgrade and as investors continue to digest the company's results out last week. TheStreet Ratings downgraded the rare earth miner from hold ...
Tags: rare earth miner, rare earth, miner, Mountain Pass mine
Business Standard reported that the INR15,000 crore aluminium plant's joint venture between Gujarat Mineral Development Corporation and Nalco is progressing at a snail pace due to various issues including red tape. It is finally expected to ...
Tags: crore aluminium, Nalco, Gujarat Mineral Development Corporation
Proactive Investors reported that Mamba Minerals will raise USD 787,500 through the private placement of 3.5 million shares at USD 0.225, in a deal arranged by Capital Investment Partners to Michael O’Keeffe. O’Keeffe was the ...
Tags: Proactive Investors, Mamba Minerals, private placement, Minerals
Business Line cited the Steel Ministry saying that NMDC would review its pricing mechanism. This is the fallout of the CAG report tabled on December 20th Thursday, the public sector iron ore miner has incurred losses of more than INR 1,500 ...
Tags: NMDC, pricing mechanism, CAG, iron ore miner
African Minerals Limited recently disclosed in a regulation filing that it now prefers to expand its existing rail and port infrastructure in Pepel, rather than develop a new port at Tagrin Point. This revised expansion is expected to ...
Tags: AML, African Minerals Limited, regulation, rail, port infrastructure
Reuters reported that Japan's biggest copper smelter, Pan Pacific Copper, and a major global miner are set to agree on an annual increase of at least 11% in term treatment and refining charges (TC/RC) for 2013 shipments of copper ...
Tags: copper, copper smelter, miner, copper concentrate
Indonesian coal miner Atlas Resources has set aside USD 50 million for capital expenditure next year, after cutting this year’s capex in half amid falling coal prices. Mr Andre Abdi president and director of Atlas Resources said ...
Tags: coal miner, Atlas Resources, coal prices, lower calorie coal
Iron ore producer BC Iron said that its USD 190 million deal with Fortescue Metals to boost output to 6 million tonnes will not be affected by any sale of Fortescue's infrastructure assets. Fortescue Metals Group said that it was in ...
Tags: iron ore, BC Iron, Fortescue Metals, infrastructure assets
Closely held International Base Metals Limited has secured AUD 30 million cornerstone investment from China as it looks to develop a copper mine in southern Africa. IBML, advised by Azure Capital also hopes to use some of the funds raised ...
Tags: Chinese miner, copper mine, mining assets, Metals