A little-known junior explorer based in Elephant Butte, New Mexico (population: 1,500), surprised investors twice last month, first by releasing spectacular rare-earth-element (REE) assays from its Warm Springs beryllium project in Sierra…
In the race to bring the world new sources of rare earths from places other than China, Frontier Rare Earths (FRO-T) has put itself in a solid position, thanks to a deal with a deep-pocketed Korean consortium.
Great Western Minerals (GWG-V) plans to set up a joint venture with a Chinese company to build a rare earth (RE) separation plant in South Africa.
Within weeks, Puget Ventures (PVS-V) expects to complete a fundamental transformation from a modest Ontario-focused cobalt explorer into a global player, with a new name, new financing and a new focus on the Altai Republic in southern Russia.
Brazilian Gold (BGC-V) has taken a step forward with the release of a positive preliminary economic assessment (PEA) for its Sao Jorge gold project in the Tapajos region of northern Brazil.
Armenia-focused Lydian International (LYD-T) has outlined the potential to produce 1.6 million oz. gold from its Amulsar project in a preliminary economic assessment.
Rumours have been circulating for weeks that cash-rich BHP Billiton (BHP-N, BTL-L) might be interested in making a bid for Lundin Mining (LUN-T), but a late-night post on the Telegraph’s website on Aug. 8 added more fuel to the fire.
Global coal giant Xstrata (XTA-L) has recently sealed a $147-million cash offer for privately-held First Coal and its northeastern B.C. coking coal assets.
After a decade-long bull market “the gold mining industry has done little to bring on new supply,” Standard Chartered concludes in a new report, arguing that the gold market will be in deficit until at least 2015.
Uranium One’s (UUU-T) second-quarter profits surged 450% to US$29.7 million compared to the year-ago period, as revenue nearly doubled.
Irwin Olian is looking to strike it big in Africa yet again.
The following is an edited excerpt from the Geological Survey of Canada’s report Geological energy resource potential of Canada. To download the full report visit http://geopub.nrcan.gc.ca.
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