R/€ = 19.9579 Change: -0.0298
R/$ = 18.3963 Change: -0.0887
Au 2339.85 $/oz Change: 12.63
Pt 1026.30 $/oz Change: 6.90

Rare Earth Minerals News

A$50m in grants awarded to critical mineral projects

By: Esmarie Iannucci     18th May 2023 The federal government has approved nearly A$50-million in a second round of grants to accelerate the development of 13 critical minerals projects, which Resources Minister Madeleine King said would help to diversify supply chains, build domestic downstream processing and support new jobs and... 

Mantashe: Exploration funds July; Lorimer: Mining new deal can create poverty-busting jobs 

By: Martin Creamer     16th May 2023 The first R500-million worth of mineral exploration funds will be available from July, Mineral Resources and Energy Minister Gwede Mantashe told Parliament on May 16 when Shadow Mineral Resources Minister James Lorimer stated that a new mining vision can create new poverty-busting jobs and assure... 

Mineral Resources and Energy Minister Gwede Mantashe and Shadow Mineral Resources Minister James Lorimer.
Mineral Resources and Energy Minister Gwede Mantashe and Shadow Mineral Resources Minister James Lorimer.

Maginito to acquire HyProMag

By: Tasneem Bulbulia     16th May 2023 Rare earths company Maginito, in which Mkango Resources holds a 90% interest, is set to increase its ownership in HyProMag from 42% to 100% for an initial £1-million in cash and £1-million in Mkango shares, as well as a further £3-million of Mkango shares, payable in four tranches, subject to... 

A$126m to be spent of forward planning at SWIS

By: Esmarie Iannucci     10th May 2023 The Western Australian state government has allocated A$126-million to kickstart early network planning, following the release of a landmark report into the future of the state’s main electricity grid, the South West Interconnected System (SWIS). Mines and Petroleum, and Energy Minister Bill... 

Resources drives Budget to surplus

By: Esmarie Iannucci     10th May 2023 The federal Budget had delivered a A$4.2-billion surplus, a significant turnaround from the A$32-billion deficit unveiled last year, with the government announcing a range of investments to fund the resources sector. “The government’s second Budget lays the foundations for a stronger future by... 

Image shows Australian flag and coat of arms

Glencore takes yet another step along the busying road to circularity 

By: Martin Creamer     9th May 2023 Mining and marketing company Glencore, which last month initiated steps to provide lithium-ion battery recycling solutions at scale for Spain and Portugal in partnership with FCC Ámbito and Iberdrola, on Tuesday announced yet another potentially far-reaching step along the busying road to... 

Glencore CEO Gary Nagle.
Glencore CEO Gary Nagle.

Rainbow raises £7.52m for South African project

By: Creamer Media Reporter      9th May 2023 London-listed Rainbow Rare Earths has agreed to issue about 72.45-million shares in the company to raise £7.52-million to further develop its Phalaborwa project, in South Africa. Existing shareholder TechMet contributed £5.54-million, while Pella Ventures – also an existing shareholder –... 

Gypsum stacks at Rainbow Rare Earths' Phalaborwa project
Gypsum stacks at Rainbow Rare Earths' Phalaborwa project

FYI rises on rare earths strategy

By: Esmarie Iannucci     9th May 2023 The share price of junior FYI Resources closed nearly 10% higher on Tuesday after the company announced that it was entering the rare earths sector. FYI has inked a binding heads of agreement providing for the staged acquisition of Minhub Operations (MOPL), which is collaborating with potential... 

Something must be done to make exploration investment attractive – ex-JSE stalwart Noah Greenhill  

By: Martin Creamer     8th May 2023 Beginning in the early 1970s, the Canadian government said guys, we're losing ground in exploration investment. We don't seem to be attracting any of that cash. Let's introduce something that attracts money to the sector and they sat around the table and some really clever tax guys came up with... 

Noah Greenhill, former senior marketing and business development GM of the Johannesburg Stock Exchange.
Former senior JSE GM marketing and business development Noah Greenhill interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Lynas' Malaysian operating licence extended until 2024

By: Esmarie Iannucci     8th May 2023 Rare earths miner Lynas on Monday announced that its operating license in Malaysia to import and process lanthanide concentrate has been extended until the start of 2024. The licence variation allows the Lynas Malaysia cracking and leaching plant to continue to operate until January 2024 and... 

Bags of Lynas finished product
Bags of Lynas finished product

RareX raises exploration funds

By: Esmarie Iannucci     5th May 2023 Junior RareX has announced a A$4-million share placement to accelerate resource definition and development studies at its Cummins Range phosphate rare earths project, in Western Australia. The ASX-listed company has received firm commitments from institutional, sophisticated and professional... 

Lynas eyes more rare earths capacity if Malaysia plant shuts

By: Bloomberg     3rd May 2023 Lynas Rare Earths, the biggest producer of the key materials outside of China, said it will need to look at ways to address lost capacity should its Malaysian plant be shut indefinitely. The miner was dealt a blow in February when Malaysia denied its request to keep its Kuantan plant running... 

Net Zero offers A$40bn in opportunities to Aus - report

By: Esmarie Iannucci     1st May 2023 A new report has revealed that the shift to Net Zero emissions could generate as much as A$40-billion in national income for Australia and A$65-billion in economic activity by 2050. In its latest report, advisory firm Ernst & Young (EY’s) Net Zero Centre found that there was enormous economic... 

Image shows a collage of images relating to climate change

Peak to raise A$27.5m for Tanzanian rare earths

By: Esmarie Iannucci     1st May 2023 Rare earths developer Peak Rare Earths will raise A$27.5-million in a two-tranche institutional placement to advance the Ngualla project, in Tanzania, towards a final investment decision by the end of September. The company on Monday said it had received firm commitments from institutional... 

Image shows Australian currency

Hydrogen has advantage of relatively cheap energy storage, DNV study finds 

By: Martin Creamer     28th April 2023 Both hydrogen and battery technologies are expected to operate in the power sector, but in different areas, says independent risk management and assurance firm DNV. Hydrogen is expected to play a role as a form of dispatchable generation, which allows for the seasonal storage or production of... 

Global mining supply. Source: DNV report.
Photo by DNV
Global mining supply. Source: DNV report.

M&G, Angolan Sovereign Wealth Fund invest a further $10m in Pensana

By: Creamer Media Reporter      28th April 2023 Two of London-listed Pensana's major shareholders M&G Investment Management and the Angolan Sovereign Wealth Fund (FSDEA) are investing a further $10-million in the company, raising their combined holdings to 38.6%. “We are pleased to have the continued support of M&G and FSDEA, two of our major... 

An artist's impression of Pensana's Saltend facility in the UK
An artist's impression of Pensana's Saltend facility in the UK

Sierra Rutile signs off on tough quarter

By: Esmarie Iannucci     28th April 2023 Operational issues has seen ASX-listed Sierra Rutile report a 13% fall in rutile production for the quarter ended March, with production reaching 32 000 t. Production in the March quarter was down from the 37 000 t of rutile produced in the December quarter, with rutile sales volume over the... 

Shaft-sinking boom-time stalwart Nigel Townshend returns as chair of mining services company  

By: Martin Creamer     26th April 2023 Mining luminary of South Africa’s shaft-sinking boom period at the beginning of the millennium Nigel Townshend is back in action as the newly appointed nonexecutive chairperson of United Mining Services (UMS) Limited. Since the start of this month, Townshend has been at the top table of UMS, an... 

Nigel Townshend.
New UMS chairperson Nigel Townshend interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Ngualla gets special mining licence

By: Esmarie Iannucci     26th April 2023 Rare earths developer Peak Rare Earths has been granted a special mining license for its Ngualla rare earths project in Tanzania. The grant of the special mining license followed the signing of a binding framework agreement with the government of Tanzania earlier this month, and would initially... 

Meteoric buys REE licences in Minas Gerais

By: Mariaan Webb     24th April 2023 Australia-listed Meteoric Resources has expanded its Caldeira rare earth element (REE) project, in Minas Gerais, with the acquisition of 21 licences contiguous to the project. The acquisition comprises 21 licences, covering 49 km, increasing the area covered by Meteoric in this area by 40% to... 

Australian Rare Earths raises cash

By: Esmarie Iannucci     21st April 2023 Junior Australian Rare Earths has announced a A$11.1-million capital raise to accelerate exploration activity at its Koppamurra project, in South Australia and Victoria. Under the placement, the company would issue 24.6-million new shares at a price of 45c each, representing a 14.5% discount to... 

Platinum-based hydrogen production is in competitive upscale mode, Heraeus’ Walter reports  

By: Martin Creamer     20th April 2023 Platinum group metals- (PGM-) based proton exchange membrane (PEM) electrolysis is a competitive technology in upscale mode and is making its mark in electrolysis for hydrogen production as well as in the use of hydrogen for vehicle mobility. PEM electrolysers have distinct advantages when... 

Heraeus Precious Metals Executive Vice-President New Business Philipp Walter.
Heraeus' Philipp Walter interviewed by Mining Weekly's Martin Creamer. Video: Darlene Creamer.

VBR overshoots target with $650m fundraising

By: Mariaan Webb     18th April 2023 Battery minerals investor Vision Blue Resources (VBR) has raised more than $650-million from investors seeking exposure to its strategy of supporting companies that will help drive the global transition to clean energy. Following strong support from specialist mining, private and large... 

Mick Davis
Mick Davis

Tanzania advances three critical minerals projects

By: Esmarie Iannucci     18th April 2023 The government of Tanzania has inked three framework agreements with Australian resources companies, which could result in the development of three critical mineral projects. ASX-listed Peak Rare Earths has inked a binding framework agreement over its Ngualla rare earths project, which sets out... 

The Tanzanian flag

Green hydrogen investment pledge hits conference’s top spot at R105bn 

By: Martin Creamer     17th April 2023 The investment into green hydrogen was the biggest investment pledge by far to be announced at the fifth South African Investment Conference (SAIC) in Sandton. The R105-billion energy investment commitment of Hive Hydrogen knocked the socks off the other top-ten pledges by coming in R45-billion... 

Hive Hydrogen South Africa executive chairperson Thulani Gcabashe.
Hive Hydrogen South Africa executive chairperson Thulani Gcabashe.

Assays point to high-grade zones in rare earth exploration of Kangankunde

By: Donna Slater     17th April 2023 Exploration at rare earth and bauxite resources developer Lindian Resources’ Kangankunde rare earths project, in Malawi, has returned long intersections of high-grade, non-radioactive rare earths, with mineralisation found in all holes drilled to date. In a statement, Lindian states that the... 

Public sector opacity, emerging private sector silence are curbing mining’s growth prospects 

By: Martin Creamer     14th April 2023 The lack of public sector transparency and emerging private sector silence from companies opting not to list are combining to limit South Africa’s knowledge of the mining sector, and thus curb its growth prospects, Mining Weekly can today report. Public sector opacity and private sector delisting... 

SA Mining Map published by AmaranthCX and 1Map.
SA Mining Map published by AmaranthCX and 1Map.

How South Africa could have 21 new mining listings 

By: Martin Creamer     13th April 2023 South Africa could have 21 new mining listings if foreign mining companies that already operate in this country would also list on the Johannesburg Stock Exchange, the largest stock exchange in Africa, but one that is shrinking. The 21 companies are all listed elsewhere, with no listing in South... 

AmaranthCX founder and director Paul Miller, when he listed Keaton Energy on the JSE many years ago, well before the delistings issue arose.
AmaranthCX founder and director Paul Miller, when he listed Keaton Energy on the JSE many years ago, well before the delistings issue arose.

International partnerships critical to critical minerals - King

By: Esmarie Iannucci     13th April 2023 Federal Resources Minister Madeleine King has highlighted the importance of international partnerships, specifically those with Japan and the US, in developing Australia’s critical minerals industry. Speaking at the Australian Strategic Policy Institute (ASPI) on Thursday, King said that the... 

Ionic increases stake in Makuutu

By: Esmarie Iannucci     13th April 2023 ASX-listed Ionic Rare Earths’ shareholding in the Makuutu rare earths project, in Uganda, has increased to 60% following the completion of the Stage 1 definitive feasibility study (DFS) and approval from the Ugandan Ministry of Energy and Mineral Development to progress the construction of a... 

Stunning online mining map highlights far-reaching remaining mining potential   

By: Martin Creamer     12th April 2023 AmaranthCX and its technology partner 1Map have collaborated to publish a comprehensive, online South African Mining Map, with electronic, all-commodity depiction. The governments of other mining jurisdictions, including the governments of neighbouring African States, provide this information... 

AmaranthCX founder and director Paul Miller, who is moving into the renewable energy business.
AmaranthCX's Paul Miller, interviewed by Mining Weekly's Martin Creamer. Video: Darlene Creamer.

India’s rare-earths miner eyes 400% expansion for clean energy

By: Bloomberg     12th April 2023 India’s sole rare-earths producer wants to boost its mining capacity by 400% in the coming decade to help the country lock in supplies of key minerals for its clean-energy transition. State-owned IREL (India) aims to mine 50-million tons a year of rare-earths bearing ore by end-2032, up from... 

Ionic gets approval for demonstration plant in Uganda

By: Esmarie Iannucci     11th April 2023 The Ugandan Ministry of Energy and Mineral Development (MEMD) has granted ASX-listed Ionic Rare Earths approval for its demonstration plant at the Makuutu rare earths project. The demonstration plant is expected to validate and optimise results from the Stage 1 definitive feasibility study... 

Another offtake deal struck at Nolans

By: Esmarie Iannucci     11th April 2023 Rare earths developer Arafura Rare Earths has inked an offtake agreement with wind turbine manufacturer Siemens Gamesa Renewable Energy for the supply of neodymium and praseodymium (NdPr) from the Nolans project, in the Northern Territory. Under the five-year term, Arafura will supply 200 t/y... 

Coal, discard seen as potential viable sources of rare earth elements 

By: Martin Creamer     5th April 2023 Coal is being spotlighted as a potential source of rare earth elements, critical raw materials that are vital for many clean technologies being implemented globally. The information derived from a study published on the mineralogy and distribution of rare-earth elements in the high-ash coals of... 

Coal ash seen as potential viable source of rare earth elements.
Coal ash seen as potential viable source of rare earth elements.

Anglo signs another green steel deal involving South African iron-ore  

By: Martin Creamer     4th April 2023 Mitigating climate change, the biggest challenge of our time, requires a new, clean industrial revolution, says H2 Green Steel of Sweden, which on Tuesday announced the signing of a memorandum of understanding (MoU) with Anglo American to advance green steelmaking. The London- and... 

Kolomela iron-ore operation of Anglo group company Kumba Iron Ore, inNorthern Cape.
Kolomela iron-ore operation of Anglo group company Kumba Iron Ore, inNorthern Cape.

Mine waste finds new life as source of rare earths

By: Reuters     4th April 2023 Sweden, South Africa and Australia are at the forefront of a push to transform piles of mine waste and by-products into rare earths vital for the green energy revolution, hoping to substantially cut dependence on Chinese supply. Prices of the minerals used in products from electric cars to wind... 

WA invests A$40m in critical minerals

By: Esmarie Iannucci     4th April 2023 The Western Australian government on Tuesday announced a A$40-million investment to accelerate critical minerals discoveries. The Sustainable Geoscience Investments package, included in the 2023-24 State Budget, addresses the ever-increasing demand for critical minerals used in technologies... 

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