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Category Archives: Mineral Processing

US must reform mine permit process to grow domestic rare earth industry: study

Posted on April 3, 2013 by Nanthakumar Victor Emmanuel, P.Eng Leave a comment

A recent study by the US National Center for Policy Analysis (NCPA) calls on US legislators to streamline mine permit processes and safety regulations in order to bolster domestic rare earth production, which could add $40 billion to US GDP, 3,600 shovel-ready jobs, and could reduce US dependence on Chinese rare earth exports.

The NCPA points to Australia and Canada as examples of more efficient regulatory frameworks.

http://www.mining.com/us-must-reform-mine-permit-process-to-grow-domestic-rare-earth-industry-study-43446/

Glencore pushes back Xstrata merger again due to China probe

Posted on April 3, 2013 by Nanthakumar Victor Emmanuel, P.Eng Leave a comment

Glencore has been waiting for several months for China, the biggest buyer of the materials it trades and mines, to give the go-ahead before it can complete its $35-billion acquisition of miner Xstrata, the largest deal in the sector to date.

http://www.miningweekly.com/article/glencore-pushes-back-xstrata-merger-again-due-to-china-probe-2013-04-02?

Chinese demand for cobalt raw material will be healthy this year, Jinchuan exec says

Posted on April 3, 2013 by Nanthakumar Victor Emmanuel, P.Eng Leave a comment

Demand for cobalt raw material in China will be healthy this year as there is “no stock” in the country, according to the head of Jinchuan International’s nickel and cobalt division.

http://www.metalbulletin.com/Article/3184563/Minor-and-precious-metals/Chinas-demand-for-cobalt-raw-material-will-be-healthy-this-year.html

Dominican Republic’s ever expanding mining boom

Posted on April 2, 2013 by Nanthakumar Victor Emmanuel, P.Eng Leave a comment

Santo Domingo.- Dominican Republic’s ever expanding mining boom is evidenced by an average 95.6 licenses per 1,000 square kilometers requested or approved to explore and exploit, with each province averaging 15.75 proposals.

http://www.dominicantoday.com/dr/economy/2013/4/2/47174/Dominican-Republics-ever-expanding-mining-boom

Rare earth miner gets special permit for Kwale site

Posted on April 2, 2013 by Nanthakumar Victor Emmanuel, P.Eng Leave a comment

A Canada-based mineral firm has been awarded a 21-year special mining licence to explore and develop its earth and niobium project in Kwale County.

http://www.businessdailyafrica.com/Rare-earth-miner-gets-special-permit-for-Kwale-site/-/539546/1733392/-/lynhqfz/-/index.html

Gold Ends Firmer on Weaker U.S. Dollar and Some Safe-Haven Demand

Posted on April 2, 2013 by Nanthakumar Victor Emmanuel, P.Eng Leave a comment

(Kitco News) – Gold prices ended the U.S. day session modestly higher Monday. The precious metal was given a boost by a weaker U.S. dollar index. There was also some fresh safe-haven buying interest in gold Monday as North Korea’s leader continues to make threatening comments toward the U.S. and South Korea. June Comex gold last traded up $4.20 at $1,599.90 an ounce. Spot gold was last quoted up $2.00 at $1,600.00. May Comex silver last traded down $0.353 at $27.97 an ounce.

http://www.forbes.com/sites/kitconews/2013/04/01/p-m-kitco-metals-roundup-gold-ends-firmer-on-weaker-u-s-dollar-and-some-safe-haven-demand/

Sumitomo plans to increase electrolytic nickel production by 30 percent to 53,200 tons.

Posted on April 1, 2013 by Nanthakumar Victor Emmanuel, P.Eng Leave a comment

The Tokyo-based company forecast refined copper output will fall to 423,000 metric tons in the year started April 1 from the previous year’s estimated output of 436,000 tons, it said in astatement today. The company plans to increase electrolytic nickel production by 30 percent to 53,200 tons, it said.

http://www.bloomberg.com/news/2013-04-01/sumitomo-metal-mining-to-cut-copper-output-3-in-fiscal-2013.html

Move underground extends Voisey’s Bay mine life to 2035

Posted on March 28, 2013 by Nanthakumar Victor Emmanuel, P.Eng Leave a comment

Vale has committed to going underground at its Voisey’s Bay site in Labrador, a move that will create hundreds of new jobs and extend the mine’s lifespan to 2035.

http://www.cbc.ca/news/business/story/2013/03/28/nl-voiseys-bay-underground-mine-328.html

Minmetals bond sale draws central banks

Posted on March 24, 2013 by Nanthakumar Victor Emmanuel, P.Eng Leave a comment

China Minmetals Corporation, a State-owned enterprise, completed its sale of a 2.5 billion yuan ($402.3 million) three-year dim sum bond in Hong Kong Friday, which attracted more than 12 billion yuan in orders and saw strong interest from central banks. http://www.globaltimes.cn/content/770298.shtml#.UU9LTiBzbIU

‘There will be more nickel needed’

Posted on March 22, 2013 by Nanthakumar Victor Emmanuel, P.Eng Leave a comment

There’s good news and bad news emerging from China when it comes to nickel production, says a mining analyst with a keen interest in Sudbury as (is) booming in China.

http://www.thesudburystar.com/2013/03/21/there-will-be-more-nickel-needed