Molycorp to raise US$420 M in IPO for rare earths mine
Molycorp, owner of the Mountain Pass rare earth element mine in California, is going ahead with an initial pub…
Industrial/Specialty Minerals
Cliffs gets control of Big Daddy (July 12, 2010)
Spider Resources (SPQ-V) has called off its merger with KWG Resources (KWG-V), leaving it free to be swallowed by Cliffs Natural Resources (CLF-N). It ends the battle for control of the high-grade Big…
Avalon’s Nechalacho prefeasibility proves positive
Avalon Rare Metals’ (AVL-T) president Don Bubar is reminding investors and analysts that the $899.7-million price tag to develop Canada’s first primary rare earth element mine — the Nechalacho projec…
Western Lithium holds rare jewel in Kings Valley
Jay Chmelauskas, President of Western Lithium (WLC-V) , saw the writing on the wall over five years ago.Chme…
BHP to build Jansen potash mine
Mining giant BHP Billiton (BHP-N) is set to become the world’s largest potash play, recently announcing it cou…
Cliffs tops KWG offer for Spider
KWG Resources (KWG-V) has until July 6 to match Cliffs Natural Resources’ (CLF-N) latest offer for Spider Reso…
MBAC plans to mine phosphate in Brazil
Brazil has a fertilizer problem and a company called MBAC Fertilizer (MBC-T) is looking to capitalize on it by transforming a small phosphate mine, in a growing agricultural region of central Brazil, into a sizeable value-added operation by…
Time for a second look at Bolivia
LA PAZ, BOLIVIA — With national elections out of the way here and a spate of local polls completed and showing something of a setback for the populist Movement Towards Socialism (MAS) government, the political dust is settling in Bolivia and…
Quadra FNX loses Chinese partner for Sierra Gorda (June 28, 2010)
A Chinese utility company has walked away from a potential 50-50 joint-venture deal with recently-merged Quadra FNX Mining (QUX-T) for its Sierra Gorda copper-gold- molybdenum project and Franke coppe…
Vale goes big and goes home
The 24th trading week of the year saw the world’s biggest iron ore miner — Vale — and Germany’s biggest steelmaker — ThyssenKrupp Steel — usher in a new era in steelmaking in Brazil.
Energizer looking to meet future vanadium demand
Energizer Resources (EGZ-V) continues to get promising results from its Green Giant Vanadium Project in Madaga…
Cliffs goes after Spider
Iron ore and coal giant Cliffs Natural Resources (CLF-N) has raised its offer for Spider Resources (SPQ-V) by 27% to $109 million, putting a wrench in Spider’s plans to merge with KWG Resources (KWG-V…