Lynas Rare Earths posted record revenue in the second quarter of the Australian financial year, based on rising demand for the metals and minerals required for the global clean energy transition. The ASX company’s revenue jumped nearly 70% to US$145.56 million for the December quarter. Lynas...
China Minmetals Rare Earth Co has announced a merger with two of China’s other top rare earth producers, creating a global force in the strategic industry. Under the merger, the equity of Minmetals Rare Earth, Chinalco Rare Earth & Metals Co and China Southern Rare Earth Group Co will transfer into a new unnamed company under the state assets regulator. CRU...
Hochschild Mining has announced its intention to spin out and list its Chilean rare earth unit Aclara Resources on Toronto Stock Exchange (TSX). London-listed Hochschild said the move would allow it to tap new funding from the clean energy sector for its rare earth deposit while...
The Government of Burundi in East Africa has suspended operations at several mines run by international mining companies, citing an unfair share of income from the country’s mineral wealth. In a letter to the seven targeted companies of British, Chinese and Russian origin, Mines Minister Ibrahim...
Greenland’s main opposition party has won an election that was uniquely predicated on the potential development of rare earth mineral deposits by international mining companies on the Arctic island. Indigenous party Inuit Ataqatigiit secured 37% of the votes in the general election, serving a blow to...
Australia’s government has unveiled a 10-year roadmap that will boost the nation’s mineral processing capacity, as part of a plan to challenge China’s position as the world’s top supplier of products key to the clean energy transition. The Resources Technology and Critical Minerals Processing Roadmap includes...
US-based rare earths miner MP Materials will list on the New York Stock Exchange (NYSE) through a merger with a special purpose acquisition company (SPAC), in a deal worth US$1.47 billion. The merger with Fortress Value Acquisition Corp, controlled by Japan’s SoftBank, will raise $345 million...
Australian gold producer and rare earths developer Alkane Resources has confirmed it has received financing interest from Australia’s export credit agency (EFA) for its Dubbo project in New South Wales. Dubbo is an advanced polymetallic project with large in-ground resources of zirconium, hafnium, niobium, yttrium and...
Africa-focused Rainbow Rare Earths has acquired ten mining claims in Zimbabwe as the mining junior looks to expand on its sole existing operation – the Gakara Rare Earth Project in Burundi. The London-listed and headquartered company said the licences will be held 100% by local subsidiary...
Mines in the United States produced an estimated US$74.6 billion of raw materials, a small increase on 2015, reported the US Geological Survey. The calculation comes from the 40th annual Mineral Commodity Summaries report which includes statistics on more than 88 mineral commodities important to the...