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source:ReutersMOSCOW (Reuters) - Russia’s Polymetal will consider investing in the country’s largest rare earth project Tomtor, which is being developed by the gold and silver producer’s top shareholder, chief executive Vitaly Nesis said on Wednesday.Polymetal, in which Vitaly’s brother and Russian businessman Alexander Nesis holds the largest stake, said in August that it was considering acquiring minority stakes in domestic rare earth minerals projects, tapping into growing demand for commodities used in the production of electric cars.Polymetal’s board of directors will consider investing i...
Release time: 2019 - 10 - 10
source:Wheeling IntelligencerMORGANTOWN — With steam coal being replaced by natural gas and renewables, and a slowdown in metallurgical coal mining for steelmaking, a researcher at West Virginia University sees another use for the state’s coal mines.Paul Ziemkiewicz, director of the West Virginia Water Research Institute at WVU, spoke to members of the press Monday at WVU’s Academic Media Day in Morgantown. The institute is part of WVU’S Energy Institute.Ziemkiewicz’ presentation focused on a possible use for West Virginia’s coal mines as sources for rare earth elements.These elements are used...
Release time: 2019 - 10 - 09
source:Argus MediaPeru-based precious metals mining firm Hochschild is to buy the early-stage BioLantanidos ionic rare earth clay project in Chile, targeting growing demand for rare earth elements used in magnets.The priority is derisking the project, obtaining permits, updating the feasibility study and maximising the potential of the asset, Hochschild said. It plans to complete the revised feasibility study over the next 18 months at a cost of $10mn. BioLantanidos is an ionic clay deposit similar to those found in China, with mineralisation from the surface to about 20-30m deep, the company ...
Release time: 2019 - 10 - 08
source:GlobeNewswire (press release)LONDON and VANCOUVER, British Columbia, Sept. 23, 2019 (GLOBE NEWSWIRE) -- Mkango Resources Ltd. (AIM/TSX-V: MKA) (the 'Company' or 'Mkango') is pleased to announce that Maginito Limited (“Maginito”), has signed an investment term sheet and one year exclusivity agreement with HyProMag Limited (“HyProMag”), a private company focused on rare earth magnet recycling (the “Transaction”). Maginito is 75.5% owned by Mkango, which is completing a Feasibility Study for the Songwe Hill rare earths project (“Songwe”) in Malawi, and 24.5% owned by Talaxi...
Release time: 2019 - 09 - 24
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