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.
Vale launched yesterday (3/12) its Vale Investors & Media iPad application during Vale Day New York, an annual event held in the United States. The app allows iPad users to access the company’s and investors’ press releases, quarterly results, annual reports, investors’ and press webcasts of conferences, Vale’s share price on the Bovespa, NYSE and HKEx, and financial and operational performance indicators, as well as offering photos, videos, an events calendar and information on the company’s history in Brazil and across the rest of the world.
http://www.4-traders.com/VALE-SA-6492836/news/Vale-SA-Vale-Launches-iPad-Application-15574848/
Platinum Australia is in advanced discussions with Jubilee Platinum regarding a proposed merger via a scheme of arrangement under which Jubilee would acquire all of the shares in Platinum.
If it goes ahead, the merger would create a mining group with the potential to become one of the world’s top five platinum producers.
But what happens up here in Pascua-Lama, where Canadian mining giant Barrick Gold is developing the first open-pit gold mine to straddle two countries, will have a huge impact on the people living in the valleys below on both sides of the border — for better or for worse.
The former CEO of the world’s largest nickel and palladium producer Norilsk Nickel Vladimir Strzhalkovsky will receive record compensation when he gives up his seat on the board to billionaire Vladimir Potanin on Monday.
Strzhalkovsky will receive half the sum immediately with the remainder coming in two equal parts during 2013, Vedomosti daily says referring to their sources
http://rt.com/business/news/norilsk-nickel-strzhalkovsky-potanin-047/
As more analysts added their voice to the chatter about BHP Billiton divestments, it appears the Big Australian’s WA nickel assets are safe for now.
http://au.news.yahoo.com/thewest/a/-/breaking/15634923/bhp-nickel-assets-safe/
JOHANNESBURG (miningweekly.com) – The projected investment in the Australian mining industry is 18 times higher than the projected investment in South Africa’s mining industry, which has a history of better returns.
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