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source:Sputnik InternationalThe Steenkampskraal mine, located about 350 kilometres north of Cape Town, South Africa, used to produce thorium, a component of nuclear fuel, in the 1950-60s.South Africa’s Steenkampskraal mine is on course to become hot mining property thanks to the discovery of some of the world's highest-grade deposits of rare earth metals, reports AFP.The mine, located about 350 kilometres north of Cape Town, used to produce thorium, a component of nuclear fuel, in the 1950-60s.Now it has been found to have monazite ore, which contains extremely high-grade rare earth minerals, ...
Release time: 2019 - 08 - 29
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source:Yahoo FinanceAMERICAN FORK, Utah, Aug. 26, 2019 /PRNewswire/ -- Ucore Rare Metals, Inc. ('Ucore') recently issued a press release announcing that Ucore had made a proposal to the U.S. Department of Defense ('Proposal') in response to a request for information ('RFI') from the Defense Production Act ('DPA') Title III Office.  Although the exact terms of the Proposal are not evident, it appears that Ucore represented that the technology and services of IBC Advanced Technologies, Inc. ('IBC') would be involved in the processing and separation of rare earth elements ('REE'). Given this...
Release time: 2019 - 08 - 27
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source:ReutersBEIJING, Aug 25 (Reuters) - China’s exports of rare earth magnets to the United States rebounded in July from the previous month, customs data showed on Sunday, as concerns linger that Beijing could restrict supply of rare earth products in the Sino-U.S. trade war.Shipments totalled 447 tonnes last month, data from the General Administration of Customs showed. That compared to 414 tonnes in June and 356 tonnes in July 2018.China is the world’s dominant producer of rare earth magnets, which are widely used in medical devices and consumer electronics as well as defence. It has rais...
Release time: 2019 - 08 - 26
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source:Reuters(Reuters) - Australian retail-to-chemicals conglomerate Wesfarmers Ltd (WES.AX) said on Thursday it would not pursue its proposal to buy rare earths miner Lynas Corp (LYC.AX).Noting Lynas’ receipt of a renewed operating license for its Malaysian processing plant earlier in the day, Wesfarmers said it “has been unable to progress a proposal”.In April, Wesfarmers said it was still interested in acquiring the only major producer of rare earth elements outside China and could table a less conditional bid after its earlier offer was rebuffed by Lynas’ board.Lynas had said the offer un...
Release time: 2019 - 08 - 23
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