A report it contracted from SENES Consultants Ltd. concludes that its proposed large-scale monazite rare-earth extraction facility can be operated safely and effectively, while complying with all major national and international mining and environmental safety standards, Medallion Resources Ltd. said this morning. That would quickly open up vast resources of rare earths from what...
By acquiring shares from third parties, Rio Tinto has become majority owner of Ivanhoe Mines Ltd., which in turn is majority owner of the Oyu Tolgoi copper/gold project in Mongolia. Rio Tinto’s stake in the Canadian firm is now 51%, it reported this morning. “Rio Tinto’s move to a majority stake in Ivanhoe further...
The Kellogg Innovation Network (KIN) at Northwestern University ‘s Kellogg School of Management is partnering with the Fundação Dom Cabral (FDC) of Brazil to host a select group of chief-level officers and direct reports from around the world for a collaborative exploration of challenges facing the mining industry, it announced this morning . The...
There will be no more “Made in the USA,” with millions of jobs lost, if the United States doesn’t start mining and stockpiling certain strategic metals, according to Alisha A. Ahern , co-director of the Academics & Periodicals Department at American Elements, the global chemical and metals manufacturer which published the list. The company...
Quadra FNX Mining Ltd. said this morning that it has entered into a definitive agreement with KGHM Polska Miedź S.A. under which the Polish company will acquire the Vancouver-based miner for about C$3.5 billion, a premium of more than 40% of Quadra FNX’s recent share price. Quadra FNX operates the Robinson copper/gold open-pit mine...
Gold demand in 3Q11 reached 1,053.9 tonnes, an increase of 6% compared to the same period last year. This equates to $57.7 billion , an all-time high in value terms, the World Gold Council reported this morning. According to the Council’s Gold Demand Trends report for 3Q, also released today, this increase was driven...
At a time when lithium-battery technology — for devices ranging from mobile phones to hybrid cars — is the end-use most often associated with demand for the mineral, Pan American Lithium Corp. anticipates a future that includes soaring growth in lithium demand to help power the electric-power smart grid, among other applications. Pan American CEO Andrew...
Revett Minerals Inc. said today that 3Q11 production from its Troy mine in northwestern Montana was 402,700 ounces of silver and over 3.28 million pounds of copper, a 45% increase in silver and 39% increase in copper over the same period last year and 18% increase in silver and 8% increase in copper from...
Quadra FNX Mining Ltd. has cut a deal with Xstrata Nickel to use Xstrata’s Craig mine shaft and related underground infrastructure to further develop and operate Quadra FNX’ Levack mine, including the Morrison deposit, in Sudbury Basin’s North Range in Ontario, it reported today. Quadra FNX said it expects that the use of Xstrata...
A page from a PowerPoint presentation given by Rio Tinto at an investor relations seminar Tuesday provides an interesting perspective on what the industry is facing during the current phenomenal demand. While opportunities abound and while Rio Tinto now has $27 billion of major capital projects under way, Guy Elliott, the company’s CFO told...
