Companies in Jiangxi province have acquired nearly 60% of the licenses granted for excavating rare earth mines in China, under the Chinese government’s plan to protect the industry and improve the competitiveness of miners, the 21st Century Business Herald reported.
http://www.wantchinatimes.com/news-subclass-cnt.aspx?id=20130106000126&cid=1102
TORONTO, ONTARIO–(Marketwire – Jan. 4, 2013) – Asian Mineral Resources Limited (“AMR“) (TSX VENTURE:ASN) is pleased to announce that the Ministry of Industry and Trade of the Socialist Republic of Vietnam has issued a circular regarding the export of minerals and mineral products from Vietnam (the “Circular”). The Circular stipulates that 9.5% nickel concentrate is permitted for export by Ban Phuc Nickel Mines LLC (“BPNM”), a subsidiary of AMR, without time limit. Previously, BPNM held a licence to export nickel concentrate until 31 December 2015. This export licence is superseded by the Circular.
http://www.canadianminingjournal.com/press-releases/story.aspx?id=1001967831
Western Areas managing director Dan Lougher says the Glencore-Xstrata merger could be the catalyst for a wave of acquisition activity in the WA nickel sector this year, with the new global giant primed to gobble up a number of local assets.
Billions of dollars worth of rare earth elements—the largest deposit outside of China—cannot be mined in Greenland because the elements are bound up with restricted radioactive materials. Some lawmakers are calling for eased restrictions to allow exploitation of the valuable resource.
http://www.theepochtimes.com/n2/world/greenland-unable-to-cash-in-on-rare-earth-elements-328739.html
Copper in London jumped by the most in almost a month on expectations that a recovering Chinese economy will boost demand from the largest user. Aluminum, zinc, lead, nickel and tin also advanced.
http://www.bloomberg.com/news/2012-12-27/copper-in-london-gains-most-in-a-month-on-china-demand.html
Baosteel, China‘s largest rare earth producer, announced on Tuesday that it had continued suspending smelting and separation work for the third month in an bid to counter recent falls in rare earth prices.
http://www.chinadaily.com.cn/business/2012-12/26/content_16058009.htm
Ethiopia, Africa’s second-most populous nation, wants to sell portions of its state-owned tantalum rare earth mine to foreign countries, and it wants investors
from China, Sweden, Germany or South Korea to make a bid on it.
South Korea’s dependence on rare earth imported from China reduced in 2012 as the country diversified its import nations amid the relatively high prices in Chinese commodities, customs office data showed Thursday.
http://www.globaltimes.cn/content/751371.shtml
It has been reported that the Titanium Industry Development Association (TiDA), based at the Bay of Plenty Polytechnic in Tauranga, New Zealand, has recently received $7 million in research funding. The funding, to be spread over two years, will focus on developing and adapting powder metallurgy processes to ensure New Zealand is at the forefront of titanium manufacturing technology.
http://www.ipmd.net/news/002054.html
BEIJING – China National Gold Corp is set to make an announcement soon on its talks over buying a stake in African Barrick Gold, an executive at the state-owned Chinese company said on Wednesday.
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