The Mackenzie Valley Review Board will release its environmental assessment report today on Avalon Rare Metals’ Nechalacho project, located about 100 kilometres east of Yellowknife.
The company says it’s one of the largest undeveloped deposits of rare earth elements in the world.
http://www.cbc.ca/news/canada/north/story/2013/07/25/north-nechalacho-avalon-decision.html
Glencore Xstrata has completed the merger of the Mutanda and Kansuki copper-cobalt mining operations in the Democratic Republic of the Congo (DRC).
The Baar-based producer and trader completed the merger by way of absorbing the pre-production Kansuki concession into Mutanda Mining, creating an enlarged asset that Glencore Xstrata expects will produce 200,000 tpy of copper cathode and 23,000 tpy of cobalt hydroxide once Kansuki is operational.
Chennai: Realising the potential of nanotechnology in modern warfare, state-owned Defence Research and Development Organisation (DRDO) was planning to set up nano materials research and production facilities in three places at a cost of Rs 1,000 crore, a senior official said today.
“The nano materials research and production facilities would come up in Hyderabad, Delhi and Kanpur at a total cost of Rs 1,000 crore in a few years.It is yet to receive the government approval,” DRDO’s chief controller (R&D) S Sundaresh told reporters in Chennai.
In recent years, China’s tantalum industry has developed rapidly, the total output increased constantly, and the high-end products account for nearly 60% of the total market share in the global market; China has occupied an extremely important position in the global tantalum-niobium industry. In 2012, China’s tantalum output reached 475 tons, of which, the output of Orient Tantalum Industry Co., Ltd. reached 290 tons with the proportion of about 62%.
http://finance.yahoo.com/news/depth-research-china-tantalum-market-102600349.html
DENVER, COLORADO–(Marketwired – July 23, 2013) – Geovic Mining Corp. (“Geovic” or “the Company”) (TSX:GMC)(OTCBB:GVCM), on behalf of its 60.5%-owned subsidiary Geovic Cameroon Plc (“Geovic Cameroon”), is pleased to announce that it has agreed to the terms and conditions of a Definitive Agreement (“DA”) with Jiangxi Rare Metals Tungsten Holdings Group Company Ltd (“JXTC”) of Nanchang, Jiangxi Province, China.
http://www.reuters.com/article/2013/07/23/idUSnCCN8c93B3+1c2+MKW20130723
Companies interested in testing the latest in low-cost carbon fiber have a new opportunity to partner with the U.S. Department of Energy’s Carbon Fiber Technology Facility.
China’s first-half slowdown didn’t really dent base metal demand, MMG Ltd, the offshore arm of China Minmetals Corp, said on Monday.
MMG, which owns mines in countries including Laos, Republic of the Congo and Australia, said copper output rose 33 percent year-on-year in the first half to 89,235 tons. Output in the second quarter was 10 percent higher than in the first.
http://usa.chinadaily.com.cn/business/2013-07/23/content_16815151.htm
Antam, a state-owned mining and metal company, has signed an agreement with Australian miner Direct Nickel that could lead to the development of Indonesia’s first nickel laterite processing plant, the companies announced on Monday.
The deal follows a pilot project that involved testing a 200-ton nickel laterite sample provided by Antam to a Direct Nickel (DNi) test plant in Perth.
http://www.thejakartaglobe.com/business/antam-signs-deal-with-australias-direct-nickel/
CHINESE government-backed mining house MMG says it continues to enjoy a mandate to acquire assets in the resources sector, with recent weakness across the industry opening up opportunities priced “closer to the bottom of the market”.
KOLKATA (miningweekly.com) – The Indian government has nudged government-owned traditional mineral extraction and processing companies to diversify into the production of rare earths either from industrial smelting or through the exploration of new properties within the country and overseas.
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