Category: Other News

Australia, Malaysia to meet over rare earths on June 20

Australian and Malaysian government officials are due to meet later this month, a state mining spokeswoman confirmed and the plan for Lynas Corp’s controversial rare earths waste storage in the country is likely to be at the top of the...

/ June 5, 2019

Capstone sells Minto mine to Pembridge for $20m

Capstone Mining Corp. (TSX: CS) announced Tuesday it has entered into an agreement to sell its 100% interest in the Minto copper mine to Pembridge Resources PLC (LON:PERE). Located about 240km north Whitehorse in Canada’s Yukon territory, the Minto mine...

/ June 5, 2019

China stokes rare earths concerns with possible export controls

China’s state planner is closely studying proposals to establish rare-earth export controls, adding to concerns that the mineral critical in production of military equipment and tech devices will be used as a weapon in Beijing’s trade war with Washington. The...

/ June 5, 2019

Vedanta's Zambia court hearing adjourned for a week

A court hearing following Zambia’s decision to name a provisional liquidator to run Vedanta Resources’ Konkola Copper Mines (KCM) business was adjourned for a week on Tuesday without tackling Vedanta’s demands to be involved, the company said. Vedanta Resources, part-owner...

/ June 4, 2019

Association for Mineral Exploration names Kendra Johnston president, CEO

The Association for Mineral Exploration (AME) has appointed Kendra Johnston as president and CEO, effective June 13, 2019. Johnston is a professional geologist and mining executive with over 15 years of experience in various facets of the mineral exploration and...

/ June 4, 2019

Lithium mining superpowers seek riches as battery makers

The race by Tesla Inc., Samsung SDI Co. and other technology giants to secure supplies of lithium — a key ingredient in batteries for electric vehicles and smartphones — is creating a unique chance for two global mining superpowers to...

/ June 4, 2019

New mines to push Canadian gold output to 7.6Moz by 2023

Gold production in Canada is expected to grow at a compound annual rate of 2.7% from 2019 to 2023. This, according to GlobalData, Mining Intelligence, Centre means this country’s output will reach 7.6 million oz. four years from now. The...

/ June 4, 2019

China’s tech ambitions hinge on 20 electric versions of Detroit

Pieces of an electric car hang from the ceiling of the Chinese real-estate developer’s showroom, evoking an edgy installation at a modern art museum. In reality, they’re a symbol of the nation’s industrial ambitions. Just down the neatly manicured road,...

/ June 4, 2019

Zimbabwe's mineral-backed loans may complicate talks with creditors, IMF says

Foreign loans that use minerals as collateral may complicate Zimbabwe’s future negotiations with foreign creditors to restructure its $8.8 billion debt, an International Monetary Fund official said on Monday. Unable to get funding from lenders like the IMF since defaulting...

/ June 3, 2019

Australian company to extract magnesium from waste-water streams

Australia’s EcoMag is working on a project to recycle waste-water streams, which are known as bitterns, to extract hydrated magnesium carbonate or HMC. At present, the focus is on the streams generated by Dampier Salt, a sea salt producer mostly...

/ June 3, 2019

Should investors get excited about rare earth metals?

Terbium is used to make flat-panel displays. Thulium can be found in your microwave. Dysprosium demand is growing with increased production of wind turbines and electric vehicles. The 17 so-called “rare earth metals,” of which the three mentioned above are...

/ June 3, 2019

Fungi could offer clues for finding new gold deposits

A type of fungi that looks like a thread could offer clues for finding new gold deposits. According to scientists at Australia’s national science agency CSIRO, fungi known as Fusarium oxsporum attach gold to their strands by dissolving and precipitating...

/ June 3, 2019