Lower metal prices force Moly Mines to halt project development
Lower prices and a higher Australian dollar have combined to force Moly Mines (MOL-T) to put its Spinifex Ridge molybdenum-copper project on hold.
Industrial/Specialty Minerals
China sets first tranche of 2012 REE export quotas
China has determined that its first tranche of export quotas for rare earth elements in 2012 will be 10,546 tonnes, down 27% from its first tranche of export quotas in 2011, but the China Daily reported that officials at the Ministry of…
Accusations fly in Mosquito Consolidated boardroom scuffle
Weeks of mounting tension between opposing factions of the board of Mosquito Consolidated Gold Mines (MSQ-V) came to the fore at the company’s annual general meeting on Dec. 16, as shareholders finally had their say in the matter.
South American Silver releases first Escalones resource
Vancouver – South American Silver (SAC-V) has released a first resource estimate on its wholly-owned Escalones copper-gold-silver project in central Chile.
PEA sets out $7.7B NPV for Orbite’s alumina project
Orbite Aluminae (ORT-T) has released some hard numbers showing the potential of its patented aluminum-extraction process and corresponding project, which it promises will transform the industry.
Updated: Accusations fly in Mosquito Consolidated boardroom scuffle
Vancouver – Weeks of mounting tension between opposing factions of the board of Mosquito Consolidated Gold Mines (MSQ-V) came to the fore at the company’s annual general meeting on December 16 as shareholders finally had their say in the…
Thompson Creek raises $270M with gold stream sale
Vancouver -Thompson Creek Metals (TCM-T, TC-N) has pre-sold another chunk of future gold production from its Mt. Milligan project to Royal Gold (RGL-T, RGLD-Q) in the face of a softened molybdenum market and two projects under…
Western Lithium completes prefeasibility on Kings Valley
Jay Chmelauskas bought his 100%-electric Nissan Leaf about a month ago and charges its battery at one of two charging stations across the street from the Pan Pacific Hotel in downtown Vancouver. The car gets him around town and his family…
Matamec signs MOU with Toyota Tsusho
Shares of Matamec Explorations (MAT-V) have taken off after the junior announced that it has signed a memorandum of understanding with the trading arm of Toyota Motor Group to fast-track the development of its Kipawa rare earths deposit in…
KGHM starts the bidding on Quadra FNX
Three billion dollars may sound like a tidy sum – but when it’s the price tag on a global copper producer with a stable of enviable development projects, it may not be enough.
K+S to make history with Legacy potash
K+S plans to go ahead with building its Legacy potash project in Saskatchewan’s highly prospective potash basin, with initial production expected in 2015.
Molycorp delivers on magnet-making deal
In August Molycorp’s (MCP-N) proposed partnership with Hitachi Metals to create a joint venture that would manufacture neodymium-iron-boron (NdFeB) alloy and permanent rare earth magnets fell through when the two companies failed to reach an…