Molycorp secures US$390M for growth
U.S. rare earths producer Molycorp (MCP-N) is giving Chile-based Molymet 12.5 million shares in exchange for US$390 million.
Industrial/Specialty Minerals
Malaysia gives Lynas temporary REE plant licence
Shares of Lynas (LYC-A) closed 19% higher at A$1.59 on the Australian Stock Exchange following news that, after a year of delay, the Malaysian government has approved a temporary operating licence for the rare earth separation plant the…
Canada Lithium secures $92M vote of confidence
Vancouver – While investor confidence hasn’t necessarily returned to Canada Lithium (CLQ-T), the company has been given stamps of approval by Scotiabank and Caterpillar Financial Services in separate financing deals.
Great Western to get expertise from China
Over the last month Great Western Minerals Group (GWG-T) has completed a joint-venture with a Chinese company to build a rare earth separation plant near its Steenkampskraal mine in South Africa, about 350 km north of Cape Town, and…
UK potash project has ‘world’s largest’ polyhalite resource?
The rolling hills and purple heather of northern England’s North Yorkshire Moors are more associated with tourism these days than with the area’s long-shut iron ore mines and blast furnaces. Where mining and industrial activity once formed part…
Malaysia gives Lynas temporary licence
Shares of Lynas Corp. (LYC-A, LYSDY-O) closed 19% higher at A$1.59 on the Australian Stock Exchange following news that, after a year of delay, Malaysia has approved a temporary operating licence for the rare earth separation plant the company…
Great Western to reap Chinese expertise
Over the last month Great Western Minerals (GWG-T) has completed a joint-venture with the Chinese to build a rare earth separation plant near its Steenkampskraal mine in South Africa, about 350 km north of Capetown, and successfully carried out…
Molycorp meets Molymet, secures US$390M in funds
U.S. rare earths producer Molycorp (MCP-N) is giving Chile-based Molibdenos y Metales (Molymet) 12.5 million shares in exchange for US$390 million. That works out to US$31.20 apiece – a 10% premium to Molycorp’s 20-day volume weighted average…
Iamgold sees capex rising
Iamgold (IMG-T, IAG-N) has reported production of 253,000 attributable gold oz. in the fourth quarter of 2011, the company’s best quarter of the year. Full-year production, including the company’s production from discontinued businesses, was…
Northern Freegold’s first resource for Revenue finds 3.7M gold equivalent oz.
Northern Freegold Resources (NFR-V) has added significantly to the overall resource at its Freegold Mountain project in Yukon thanks to an initial resource on its Revenue deposit.
Sirius to raise 50M for U.K. potash project
London, U.K. — In northern England, the rolling hills and purple heather of the North Yorkshire Moors are more associated with tourism these days than with the area’s long-shut iron ore mines and blast furnaces. Where mining and industrial…
African Metals held up by violence and rain
National elections in the Democratic Republic of the Congo (DRC) have held up African Metals (AFR-V) in the development of its Luisha South copper and cobalt project.