Source:ForbesChinese producers of rare earths, a family of minerals essential in a range of commercial and military technologies, were the only winners in a confusing ruling by a Malaysian Government committee reviewing the future of a plant which processes ore imported from Australia.While approving most aspects of the plant, which generates low-level radioactive waste, it also ruled that a permanent safe storage site must be built by the owner of the plant, Australia-based Lynas Corporation, or export all waste to another country.Shares Down 23%The decision, especially a tight timetable of n...
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Source:Proactive Investors UKMkango Resources Ltd (LON:MKA, CVE:MKA) told investors that the final batch of drill results from the 2018 drill programme, at the Songwe Hill rare earths project, has unearthed the highest grades to date.The company, in a statement, said that the results of the majority of the remaining holes (19 of 21) from the 10,900 metre drill programme saw significant zones of rare earths mineralisation grading above 1% total rare earth oxides (TREO).READ: Mkango appears to trade at a significant discountDrill hole ‘PX112’ was the highlight with 3.3% TREO across just over 100...
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Source:AljazeeraMalaysia has told Lynas, the Australian company operating a rare earth elements processing plant on the country's east coast, that it must remove the radioactive waste that accumulated as a result of its activities over the past six years if it wants to continue to operate.The decision on Tuesday follows a review of Lynas operations in Malaysia that was initiated by the government that took power in May's general election.The "management of the waste residue from the Lynas Advanced Materials Plant (LAMP) should be given priority to ensure the wellbeing of the commu...
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Source:Windpower MonthlyA sudden spike in the price of rare earths in 2011 rang alarm bells in the wind industry, particularly among turbine manufacturers using permanent-magnet generators.Prices soon fell back to almost pre-crisis levels, but increasing global demand is now starting to push them up again with significant implications for the wind energy industry.The backgroundRare earth elements (REEs) are minerals found in relative abundance across the globe.The challenge is that they typically do not occur in concentrated deposits, are often found mixed together and are difficult — and ther...
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