source：MINING.com-Geomega Resources (TSX.V: GMA) has secured the required project financing to build the rare earths magnet recycling demonstration plant in St-Bruno-de-Montarville, Quebec.Investissement Quebec, acting as agent of the Quebec government, will provide C$1.72 million in debt financing to Geomega based on a project evaluated at C$3.2 million including capital costs and working capital. The debt is repayable over 72 months starting from 24 months following the first withdrawal of the funds.The proposed use of funds will be towards the purchase of equipment, engineering and construc...
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2020
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source：New Straits Times OnlineKUANTAN: Australian rare earth processing company Lynas Malaysia Sdn Bhd is committed to the safety of the people, the communities and the environment.Its safety performance continues to improve and the plant recently celebrated 461 days Lost Time Injury Free in August 2019.Its state of the art environmental controls for water, gas and solid residues ensure there are no pathways to the surrounding environment, with no public health or environmental incidents in its seven years of operation.Lynas Malaysia is compliant with all regulations and international best pr...
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2020
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source：Australian MiningBroken Hill Prospecting has completed the transfer of its interest in the Thackaringa cobalt project in New South Wales to its joint venture (JV) partner Cobalt Blue.Broken Hill will receive $6 million in cash, shares and deferred consolidation, while Cobalt Blue acquires a 30 per cent holding in Broken Hill.The company is now turning its attention to developing and commercialising the La Paz rare earths project in Arizona, United States of America.Broken Hill is changing its name to American Rare Earths to avoid confusion with Cobalt Blue’s Broken Hill interests and al...
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2020
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source:SMM - Shanghai Metals Market (press release)SHANGHAI, Jan 19 (SMM) – Rare earth prices in China little changed last week, as trades were muted and logistical services almost halted with a week to go before the Chinese New Year holiday.SMM assessed prices of praseodymium-neodymium oxide at 277,000-281,000 yuan/mt as of January 17 and those of neodymium oxide at 289,000-295,000 yuan/mt.Prices of praseodymium-neodymium metal stood at 355,000-361,000 yuan/mt, with those of neodymium metal at 365,000-370,000 yuan/mt.For medium-to-heavy rare earths, prices of dysprosium oxide were at 1.68-1.7...
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2020
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