R/€ = 20.3387 Change: -0.0433
R/$ = 19.1298 Change: 0.0358
Au 2341.90 $/oz Change: -49.94
Pt 931.00 $/oz Change: -12.50

Rare Earth Minerals News

Ionic nearing first production in Uganda

By: Tasneem Bulbulia     7th March 2024 ASX-listed Ionic Rare Earths has completed construction and commissioning of Phase 1 of the technical facility and demonstration plant at its Makuutu rare earths project, in Uganda. Makuutu is being developed by Ionic’s local Ugandan operating entity Rwenzori Rare Metals (RRM). 

Tsodilo withdraws contempt motion as Botswana Minister complies

By: Darren Parker     6th March 2024 Canadian mineral resources exploration and development company Tsodilo Resources has withdrawn its contempt motion, which sought to hold Botswana Minerals and Energy Minister Lefoko Moagi to account for his failure to comply with an earlier High Court judgment, handed down on December 15, in... 

Long lead item orders placed, site preparation works well under way at Longonjo

By: Darren Parker     4th March 2024 Preparatory works are forging ahead smoothly at rare earths mining company Pensana’s Longonjo project in Angola, with main construction expected to start in May and cold commissioning to follow in August 2025. Longonjo is one of the world's largest undeveloped rare earth mines, being one of only... 

Pensana’s Longonjo project in Angola
Pensana’s Longonjo project in Angola

Ionic finds promising rare earth intersections, expands exploration target at Makuutu

By: Marleny Arnoldi     27th February 2024 ASX-listed Ionic Rare Earths has identified 69 holes with clay-hosted rare earth intersections above the current resource cut-off across three licences at the Makuutu rare earths project, in Uganda. The 69 confirmed holes formed part of a 76-hole rotary air blast drilling programme as Phase 5 on... 

Rare earths

Pensana concludes term sheet for up to $156m in finance for Longonjo

By: Sabrina Jardim     26th February 2024 London-listed rare earths project developer Pensana, through its 84%-owned subsidiary Ozango Minerais, which owns 100% of the Longonjo project, in Angola,  has concluded a nonbinding term sheet with the Longonjo lender consortium for a project finance debt facility of up to $156-million.. The... 

Likely lifespan boost for critical rare earths project in South Africa’s Limpopo province 

By: Martin Creamer     26th February 2024 South Africa’s rare earths project in Limpopo has received a distinctly possible lifespan boost to more than 16 years following an updated bulk density calculation, which has enlarged the likely Phalaborwa resource tonnage to 35.1-million tonnes, an increase of 16%. “The improvement in the... 

The Phalaborwa Rare Earths Project involves the recovery of rare earths from gypsum and waste dumps.
Photo by Creamer Media
The Phalaborwa Rare Earths Project involves the recovery of rare earths from gypsum and waste dumps.

Energy Fuels preparing two more US uranium mines for production

By: Mariaan Webb     26th February 2024 In anticipation of continued strength in uranium markets, US-based Energy Fuels is preparing two more mines in Colorado and Wyoming for production and is readying for exploration drilling to increase resources. This follows hot on the heels of the company starting production in late 2023 at... 

Energy Fuels preparing two more US uranium mines for production

Lynas jumps as H1 profit tops estimates despite soft China demand

By: Reuters     26th February 2024 Australia's Lynas on Monday posted a better-than-expected half-year profit, sending its shares higher, even as the rare-earths miner navigated a tough market with weak underlying commodity prices and slower demand in China. Lynas, the world's largest producer of rare-earths outside China,... 

Lynas CEO Amanda Lacaze
Lynas CEO Amanda Lacaze

MP Materials swings to quarterly loss on falling rare earths prices

By: Reuters     23rd February 2024 Rare earths miner MP Materials on Thursday reported a fourth-quarter loss due to slipping prices for the strategic minerals and rising production costs, although the loss was not as much as analysts had expected. The company, which held unsuccessful merger talks earlier this year with rival... 

Iluka confirms cost blowout at Australian rare earths refinery

By: Mariaan Webb     21st February 2024 Critical minerals company Iluka Resources on Wednesday confirmed a major cost overrun at its Eneabba rare earths refinery, stating that the project would cost between A$1.7-billion and A$1.8-billion. This is at the top-end of the A$1.5-billion to A$1.8-billion guidance range provided in... 

Iluka MD Tom O'Leary says the Eneabba refinery project has not been immune to inflation
Iluka MD Tom O'Leary says the Eneabba refinery project has not been immune to inflation

Altona diversifies into other critical materials

By: Marleny Arnoldi     19th February 2024 While London-listed Altona Rare Earths advances its Monte Muambe rare earths project, in Mozambique, the company has also decided to pursue a balanced portfolio of critical raw materials projects across different African countries. Having reviewed the company’s corporate strategy, Altona... 

Rare earth oxides

Pursuing sustainable battery metals supply

16th February 2024 Despite a projected gradual decrease from 76% of global cobalt mine production in 2023 to 67% in 2028 and 66% in 2033, the DRC will continue to be the most dominant producer globally, according to price reporting and research agency Benchmark Mineral Intelligence. This decrease in production... 

An aerial view of a formal copper mine in DRC with load haul dump vehicles
CHAIN OF SUPPLY The copper mining sector in the Democratic Republic of Congo will benefit from the global increased demand for battery metals

Premier to raise £2.48m for its Zulu project

By: Tasneem Bulbulia     15th February 2024 Aim-listed Premier African Minerals intends to raise £2.48-million before expenses through a subscription to advance its Zulu lithium and tantalum project. “This placement assures Zulu of plant startup, subject only to suppliers meeting their obligations and undertakings. This has and remains... 

IEA to launch security programme for minerals critical to energy sector

By: Reuters     14th February 2024 The International Energy Agency (IEA) is launching a programme to secure the supply of minerals critical to energy security, as demand rises fast while manufacturing remains in the hands of a few key producers, its executive director said on Tuesday. Fatih Birol said the production of electric... 

IEA executive director Fatih Birol
Photo by Bloomberg
IEA executive director Fatih Birol

Canada to accelerate critical mineral mining - Energy Minister

By: Reuters     14th February 2024 Canada plans to boost its energy security by slashing the time it takes to develop new critical mineral mines by nearly a decade with improved permitting processes, Energy Minister Jonathan Wilkinson told Reuters on Tuesday. Ottawa is focused on six critical minerals key to making electric... 

Energy Minister Jonathan Wilkinson
Energy Minister Jonathan Wilkinson

Power aggregators seen as key accelerators of South African mining’s energy transition  

By: Martin Creamer     13th February 2024 Many energy projects selling to one buyer, who in turn sells to many mines – this procurement model is seen as a key financial tool to accelerate the energy transition of South Africa’s mining industry. “We think the aggregator model can really accelerate the requirements of the mines to get... 

Nedbank CIB) Energy Finance Co-Head Amith Singh.
Nedbank CIB Energy Finance Co-Head Amith Singh interviewed by Mining Weekly's Martin Creamer. Video: Darlene Creamer.

Anglo American, Finnish Minerals sign battery value chain agreement 

By: Schalk Burger     12th February 2024 Mining multinational Anglo American and Finnish State-owned mining company Finnish Minerals Group have signed a memorandum of understanding (MoU) to explore opportunities to further support the northern European country's battery strategy. As a Finnish state-owned company with a mandate to foster... 

Anglo American projects and development director Alison Atkinson.
Anglo American projects and development director Alison Atkinson.

REE firm Medallion rebrands as Gabo Mining

By: Creamer Media Reporter      12th February 2024 Rare earth element (REE) company Medallion Resources is rebranding as Gabo Mining and will start trading on the TSX-V under the symbol ‘GAB’ on February 14. The company, which has developed a proprietary process to extract REEs from monazite, will be consolidating its common shares on the basis... 

Permanent aerial mesh support, exoskeletons under scrutiny to make mining safer 

By: Martin Creamer     9th February 2024 Minerals Council South Africa is looking at the possibility of promoting permanent aerial mesh support throughout the mining industry as part of its fall-of-ground action plan. The Minerals Council has a robust fall-of-ground action plan that targets several dimensions of the biggest contributor... 

Minerals Council CEO Mzila Mthenjane flanked by Japie Fullard (left) and Dushendra Naidoo (right).
Minerals Council CEO Mzila Mthenjane flanked by Japie Fullard (left) and Dushendra Naidoo (right).

Mining industry sustainability hinges on energy, logistics reforms, Minerals Council stresses

By: Schalk Burger     9th February 2024 The sustainability of the South African mining industry and its ability to play a meaningful and positive role in society and the economy are dependent on urgent and extensive structural reforms in the energy and logistics sectors, mining industry organisation the Minerals Council South Africa... 

Minerals Council CEO Mzila Mthenjane
Minerals Council CEO Mzila Mthenjane

BMG acquires option over niobium/REE project

By: Mariaan Webb     8th February 2024 ASX-listed BMG Resources has acquired an exclusive option for a 90% interest in three exploration licences located in a region of Western Austarlia where niobium and rare earth element (REE) tenure is highly sought after. The tenements under option – to be called BMG’s Dragon niobium-REE project... 

Pensana garners customer approval for mixed rare earth carbonate from Longonjo

By: Marleny Arnoldi     8th February 2024 London-listed rare earths project developer Pensana has announced that one of its major potential customers has approved the product qualification specifications for proposed mixed rare earth carbonate (MREC) product from the Longonjo project, in Angola. Longonjo is expected to produce 20 000... 

Bora buys into Steenkampskraal as strategic partner

By: Darren Parker     7th February 2024 Mining services company Bora Mining Services (BMS) has acquired a share in the Steenkampskraal monazite mine, in the Western Cape, for an undisclosed sum as a strategic partner.  The partnership has enabled the start of activities to bring the mine into production. BMS is providing the capital,... 

Steenkampskraal mine CEO Graham Soden and BMS owner and CEO Enock Mathebula
Steenkampskraal mine CEO Graham Soden and BMS owner and CEO Enock Mathebula

Crucial to combine agricultural development with mining, Indaba hears 

By: Martin Creamer     7th February 2024 Africa is going to have a huge amount to do to help solve the world’s climate change problems, Toronto-listed Ivanhoe Mines executive chairperson Robert Friedland emphasised in his far-reaching thirtieth address to the thirtieth Investing in African Mining Indaba in Cape Town. In those 30... 

Ivanhoe Mines executive chairperson Robert Friedland.
Photo by Creamer Media
Ivanhoe Mines executive chairperson Robert Friedland.

Noise-induced hearing loss now highest priority mining health condition, Indaba hears 

By: Martin Creamer     6th February 2024 Noise-induced hearing loss has displaced tuberculosis (TB) and silicosis as the top priority health threat in the South African mining industry. “I’m emphasising noise-induced hearing loss because the other diseases have gone down markedly whereas noise-induced hearing loss has not gone down as... 

From left Minerals Council South Africa’s Sietse van der Woude, Dr Thuthula Balfour, Japie Fullard, Mzila Mthenjane and Dushendra Naidoo.
From left Minerals Council South Africa’s Sietse van der Woude, Dr Thuthula Balfour, Japie Fullard, Mzila Mthenjane and Dushendra Naidoo.

WiMSA has strong presence at Mining Indaba 

5th February 2024 Women in Mining South Africa (WiMSA) provides a free platform that supports and guides women's personal growth, leadership and career development in the South African mining industry. WiMSA was established in 2010 as a completely independent, volunteer-run non-profit organisation and exist... 

WiMSA has strong presence at Mining Indaba

Former BHP exec Cuzzubbo takes Arafura top job

By: Creamer Media Reporter      5th February 2024 Critical minerals project developer Arafura Rare Earths has appointed Darryl Cuzzubbo as MD and CEO, following the departure of Gavin Lockyer. The appointment takes effect immediately and Lockyer will depart after a short handover, the company said on Monday. 

South Africa’s mining industry now 39% black-owned, Mining Indaba hears 

By: Martin Creamer     5th February 2024 In 2004, the year South Africa’s far-reaching Mining Charter was first introduced, black ownership in South Africa’s globally recognised mining industry stood at a negligible 2%. This has now leapt nearly 20 times higher to approximately 39%, South Africa President Cyril Ramaphosa highlighted in... 

President Cyril Ramaphosa at the Mining Indaba.
President Cyril Ramaphosa at the Mining Indaba.

Pensana’s Longonjo MRE carbonate receives product quality approval

By: Tasneem Bulbulia     5th February 2024 One of London-listed Pensana’s major potential customers has approved the product qualification specifications for Longonjo’s proposed mixed rare earth carbonate (MREC) product. Longonjo, in Angola, is expected to produce 20 000 t of MREC starting in 2026 and 40 000 t of MREC from 2029 onwards... 

An image showing Pensana's Longonjo mine in Angola
Longonjo mine

Rainbow achieves group separation of REEs during ongoing test work in the US

By: Tasneem Bulbulia     5th February 2024 London-listed Rainbow Rare Earths has made progress with the ongoing rare earth oxide separation work under way at the back-end pilot plant, which is located at the facilities of Rainbow’s technical partner K-Technologies (K-Tech) in Florida, in the US, with group separation of the rare earth... 

An image of Rainbow Rare Earths CEO George Bennett
CEO George Bennett

Germany to channel €1bn to critical raw material needs

By: Bloomberg     2nd February 2024 The German government earmarked about €1-billion ($1.1-billion) for raw materials investments as it seeks to reduce dependency on producers such as China for critical minerals in high-tech and green projects, according to people familiar with the plan. A selection process will be established to... 

A stockpile of lithium

US slashes estimates on Vietnam rare earths mining output

By: Reuters     1st February 2024 The United States geological agency has greatly revised down earlier estimates for Vietnam's rare earths output in 2022 and expects a further drop in mining production last year, according to its annual statistics released at the end of January. The revision by the US Geological Survey (USGS)... 

Coal miner Ndalamo pursuing renewable energy, other minerals

By: Martin Creamer     31st January 2024 Coal mining company Ndalamo Resources is actively exploring opportunities in renewable energy and other minerals, paving the way for a diversified and resilient future. Ndalamo CEO Shammy Luvhengo states this in an Op-Ed in relation to the overarching theme of next week's 2024 Investing in... 

Ndalamo CEO Shammy Luvhengo.
Ndalamo CEO Shammy Luvhengo.

IonicRE to raise $2m for demonstration plants, working capital

By: Creamer Media Reporter      29th January 2024 ASX-listed Ionic Rare Earths has received firm commitments to raise about $2-million by way of a share placement to provide working capital and to advance demonstration plant activities at both the magnet recycling facility in Belfast, Northern Ireland, and the Makuutu rare earths project, in... 

Lynas reports over 50% drop in Q2 revenue

By: Reuters     22nd January 2024 Australia's Lynas Rare Earths on Monday reported a 51.7% drop in second-quarter revenue reflecting a plunge in underlying prices coupled while a planned shutdown of its Malaysian operations which hurt output. The world's largest producer of rare earths outside China said revenue fell to... 

China, in comic strip, warns of 'overseas' threats to its rare earths

By: Reuters     22nd January 2024 hina's chief intelligence agency posted on social media a comic strip featuring foreign-looking characters secretly extracting rare earths, in a story portraying the country's strategic metals under threat from covetous "overseas organisations". The comic strip, published on Sunday on the State... 

Full time operations under way at Ionic's UK magnet recycling demonstration plant

By: Tasneem Bulbulia     22nd January 2024 ASX-listed Ionic Rare Earths’ 100%-owned subsidiary Ionic Technologies International has started operations in Belfast, in the UK. Ionic Technologies is a global player in the recycling of neodymium/iron/boron (NdFeB) permanent magnets to high-purity separated magnet rare earth oxides (REOs) –... 

Marula approves $6.38m exploration budget for Tanzanian projects

By: Tasneem Bulbulia     19th January 2024 AQSE-listed Marula Mining’s 2024 exploration budgets for the advancement and development of the company’s Kinusi copper mine and the Bagamoyo, Nyorinyori and NyoriGreen graphite projects, all located in Tanzania, have been approved and are forecast to be about $6.38-million collectively. Funding... 

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