#Molycorp Inc.’s biggest shareholder, #Chile’s #Molibdenos y #Metales SA, is planning to bid on some or all of the company’s assets in bankruptcy, according to three people with knowledge of the matter.
Read more at: http://www.bloomberg.com/news/articles/2015-10-13/molycorp-shareholder-molymet-said-planning-bid-on-miner-s-assets
#Argentina, #Chile and #Bolivia hold 70 percent of the world’s reserves of the soft, silvery metal, #Lithium.
Read more at: https://en-maktoob.news.yahoo.com/argentinas-mine-industry-doubles-down-lithium-015218114–sector.html
#GeneralElectric Co is in advanced talks to sell a specialty finance portfolio, worth more than $30 billion, to #WellsFargo & Co, according to a person familiar with the matter, as the industrial conglomerate returns to its roots.
Read more at: http://www.reuters.com/article/2015/10/09/us-gespecialtyfinance-m-a-wellsfargo-idUSKCN0S32LZ20151009
#Jakarta: #Indonesia plans to amend its rules on #Mining contracts by the end of the year, a government official said, allowing #US miner #FreeportMcMoRan to apply for an extension of its contract at the Grasberg #Copper and #Gold mine.
Read more at: http://jakartaglobe.beritasatu.com/business/indonesia-plans-new-mining-contract-renewal-rules-year-end/
India’s only #Monazite processing plant (MOPP) at #Orissa Sands Complex (OSCOM), a unit of #IndianRareEarthsLimited (IREL), a wholly owned PSU under the #DepartmentOfAtomicEnergy (DAE), has kicked off its commercial production recently.
The 10,000 tonne per year monazite processing plant is designed to produce around 11,000 tonne of mixed #RareEarthChloride and 13,500 tonne of tri-sodium phosphate, sources said.
Present stock piling of #Thorium has assumed significance as the country has projected that about 30 percent of its energy demands would be met through non-carbon sources by 2030. Presently #India has the installed capacity to produce 5,780- MW nuclear power. At present #Uranium is used for nuclear power generation in #Power#Plants. The uranium based power reactors will be augmented by thorium-based nuclear power reactors and the demand of thorium would be increased in future, sources added.
Read more at: http://www.business-standard.com/article/companies/countrys-only-monazite-processing-plant-goes-on-stream-115100900778_1.html
#OAK RIDGE, Tenn., Oct. 8, 2015 – The #DepartmentOfEnergy’s #OakRidgeNationalLaboratory and #Strangpresse LLC of #Youngstown, #Ohio, have signed a non-exclusive licensing agreement on a portfolio of #ORNL #Patents related to large-scale #Additive#Manufacturing.
Read more at: http://www.newswise.com/articles/ornl-strangpresse-llc-sign-additive-manufacturing-patent-license-agreement
Tumbling #Nickel prices are eating into #Miner profits with about 60 per cent of global producers now losing money — but one investment bank believes there is a turnaround in sight.
Read more at: http://www.abc.net.au/news/2015-10-08/tumbling-nickel-prices-eat-into-miners-profits/6838974
STOCKHOLM — Three scientists from #Sweden, the #U.S. and #Turkey won the Nobel Prize in chemistry on Wednesday for showing how cells repair damaged DNA, work that can be used to develop new cancer treatments.
Read more at: http://www.mercurynews.com/nation-world/ci_28933651/scientists-win-nobel-chemistry-award-work-dna-repair
Jakarta. The United Kingdom further displayed its commitment to increase investment in Indonesia by signing on Tuesday another memorandum of understanding to strengthen ties between the two nations.
Read more at: http://jakartaglobe.beritasatu.com/business/another-mou-signed-boost-british-investment-indonesia/
Last week, #GeneralElectric hosted its fourth annual #MindsAndMachines conference in #SanFrancisco, #California. The three-day event focused on the state of the #IndustrialInternet, which can be thought of as the Internet of Things for industrial applications like #Manufacturing, #PowerGeneration, and #Aviation. More than 1,000 customers, software developers, industry leaders, and #GE partners attended.
During the conference, GE launched several services that combine software, Internet-connected machines, and analytics, aimed at improving industrial productivity in real time. The main takeaway from the event was that General Electric is quickly transforming itself into a digital industrial company, capable of leading the world through the next industrial era.
Read more at: http://www.fool.com/investing/general/2015/10/06/ge-minds-and-machines-the-internet-of-things-takes.aspx
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