R/€ = 20.3269 Change: -0.0552
R/$ = 19.1087 Change: 0.0147
Au 2342.56 $/oz Change: -49.28
Pt 931.00 $/oz Change: -12.50

Rare Earth Minerals News

Monadelphous wins contracts worth A$170m

By: Creamer Media Reporter      24th October 2023 Engineering company Monadelphous Group has secured new construction and maintenance contracts and contract extensions in the resources and energy sectors totalling A$170-million. The company has been awarded a construction contract with Lynas Rare Earths for Stage 1 of the Mt Weld Expansion... 

Steenkampskraal Monazite Mine CEO lays out development plan to 2027

By: Darren Parker     23rd October 2023 Mining company Steenkampskraal Monazite Mine CEO and mine manager Graham Soden has outlined the mine’s planned development strategy to December 2027 to bring the mine into production. In a release published on October 23, setting out the company's presentation at the recent Critical Minerals... 

The Steenkampskraal mine

Pensana offered £4m UK government grant for Saltend project

By: Tasneem Bulbulia     23rd October 2023 London-listed Pensana has been offered a grant of up to £4-milllion by the UK Secretary of State for Business and Trade towards the funding required to build a rare earth oxide separation facility in the Humber Freeport at Saltend, in England. The offer of grant, made under Section 7 of the... 

An image showing an artist's impression of Pensana's  Saltend project
Artist's impression of Saltend

Vital makes more key appointments

By: Creamer Media Reporter      23rd October 2023 Australia-listed Vital Metals, which owns the Nechalacho rare earths project in Canada, on Monday announced two key appointments. Richard Crookes has been appointed chairperson, having served in that position on an interim basis since February. 

Ugandan authority approves granting of a mining licence over IonicRE's Makuutu project

By: Creamer Media Reporter      20th October 2023 The Uganda Directorate of Geological Survey and Mines (DGSM) has approved the granting of a large-scale mining licence for ASX-listed Ionic Rare Earths' (IonicRE's) Makuutu project. The Stage 1 mining licence covers about 44 km2 of the nearly 300 km2 of tenements at Makuutu. 

Drill cores from the Makuutu project in Uganda
Drill cores from the Makuutu project in Uganda

Lynas idles Malaysia operations for upgrade

By: Mariaan Webb     20th October 2023 Australia’s Lynas Rare Earths said on Friday that it would temporarily shut down all operations in Malaysia, besides mixed rare earth carbonate (MREC) processing, to complete upgrade works to support increased downstream capacity. The shutdown would start from mid-November, said CEO Amanda... 

Lynas Rare Earths CEO Amanda Lacaze
Lynas Rare Earths CEO Amanda Lacaze

Encouraging testwork

20th October 2023 Mineralogical test work of soil samples taken from rare earths miner Pensana’s Angola-based Sulima West exploration licences reveal the deposit contains monazite, which hosts neodymium and praseodymium that require moderate liberation and exposure, thereby making the mineralisation amenable to... 

Africa aims to use global demand for critical minerals as a basis for development

By: Rebecca Campbell     18th October 2023 African countries were determined to use the opportunity provided by the world’s need for the metals and minerals essential for the clean energy systems of the future to develop their economies through local beneficiation and the creation of value-adding industries. This was clearly signalled by... 

Nickel sulphate
Nickel sulphate

Scoping study proves Altona’s Mozambique rare earths project viable

By: Darren Parker     18th October 2023 London-listed rare earths exploration and development company Altona says a newly released scoping study demonstrates the potential for its Monte Muambe rare earths project, in northwestern Mozambique, to become a viable mining operation.   The company has also published an updated competent... 

Participant funding available for Quebec rare earth project assessment

By: Creamer Media Reporter      18th October 2023 The Impact Assessment Agency of Canada has made available funding to help the public and Indigenous Peoples participate in the impact assessment process for the proposed Strange Lake rare earth mining project, in Quebec. Funding is available for eligible individuals and groups to support their... 

Vital appoints new MD and CEO

By: Mariaan Webb     16th October 2023 Vital Metals, which is mining at the Nechalacho rare earth project in Canada, has appointed mining sector professional Dr Geordie Mark as its MD and CEO. Most recently, Mark was the head of mining for Haywood Securities, where he held different roles and subsector coverages from 2008. Prior to... 

DevEx raises exploration funds

By: Esmarie Iannucci     13th October 2023 ASX-listed DevEx will raise A$21.1-million in a share placement and fully underwritten entitlement offer to expand its exploration programmes in Western Australia and the Northern Territory. DevEx on Friday announced it had received binding commitments for the placement of 33.3-million shares,... 

Lynas gets new chairperson

By: Esmarie Iannucci     10th October 2023 Rare earths miner Lynas has announced that Kathleen Conlon will retire from the board as chairperson and independent non-executive director at the conclusion of the company’s annual general meeting on November 29. Independent non-executive director John Humphrey has been elected to succeed... 

Approving outstanding permits could shift economy in 12-18 months, says Mzila Mthenjane  

By: Martin Creamer     6th October 2023 If the 5 066 outstanding mining and exploration permits were approved, South Africa could begin to see a shift in the economy within 12 to 18 months, new Minerals Council South Africa CEO Mzila Mthenjane told this week’s Joburg Indaba. In response to questions put to him by ENSafrica’s COO Otsile... 

Joburg Indaba panel from left Bernard Swanepoel, Otsile Matlou, Errol Smart, Mosa Mabuza and Mzila Mthenjane.
Joburg Indaba mining revival panel discussion covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Lindian sets exploration target in Mali

By: Esmarie Iannucci     5th October 2023 ASX-listed Lindian Resources has announced an exploration target of between 400-million and 800-million tonnes, grading between 2% and 2.7% total rare earth at its Kangankunde project, in Mali. The announcement of the exploration target follows shortly on the report of a maiden mineral resource... 

Conservation: if business-as-usual continues, world’s doomed – Oppenheimer conference hears  

By: Martin Creamer     4th October 2023 World-renowned conservationist Jane Goodall reminded hundreds of scientists present at the 12th Oppenheimer Research Conference in Midrand that if the world carries on with a business-as-usual approach to conservation, the planet is doomed. “Forests, wetlands, peatlands grasslands, all of which... 

Nicky Oppenheimer.
Oppenheimer Research Conference covered by Mining Weekly’s Martin Creamer. Video: Shadwyn Dickinson. Photographs: Donna Slater

Rainbow sets sights on full rehabilitation of Phalaborwa gypsum stacks through deal with trader Nexus

By: Creamer Media Reporter      4th October 2023 London-listed Rainbow Rare Earths has signed a letter of intent (LoI) to enter into an offtake agreement with international trading company Nexus Intertrade, under which Nexus will acquire gypsum from Rainbow's Phalaborwa project, in South Africa, and sell it to end-users. Rainbow expects... 

Gypsum stacks at Rainbow's Phalaborwa mine
Gypsum stacks at Rainbow's Phalaborwa mine

Platinex creates new subsidiary to acquire massive uranium portfolio

By: Marleny Arnoldi     4th October 2023 Canada-based Platinex has created an unlisted subsidiary called Green Canada Corporation (GCC), both of which have entered into a binding letter of intent with TSX-V-listed International Prospect Ventures to acquire a portfolio of exploration-stage uranium projects in Canada. Platinex has also... 

Vital's Canadian refining dreams falter

By: Esmarie Iannucci     3rd October 2023 Dual-listed Vital Metals’ wholly owned subsidiary Vital Metals Canada has filed for bankruptcy after failing to amend an offtake agreement with Norway’s REEtec, and failing to repurpose its halted Saskatoon rare earths processing facility. Vital in December of last year announced plans to defer... 

Aus and France ink critical minerals cooperation

By: Esmarie Iannucci     29th September 2023 Australia and France have signed an agreement to pursue stronger cooperation on critical mineral supply chains. Minister for Resources and Northern Australia Madeleine King this week signed a Bilateral Dialogue on Critical Minerals agreement in Paris with France’s Minister for the Energy... 

Rainbow Rare Earths issues 30m new shares to raise £4.5m

By: Darren Parker     27th September 2023 London-listed Rainbow Rare Earths has conditionally agreed to issue 30-million new ordinary shares in the company, each with no par value, at a price of 15p an ordinary share. This issuance is expected to raise gross proceeds of £4.5-million.  The placing price of 15p an ordinary share represents... 

Mixed rare earth sulphate
Mixed rare earth sulphate

Bell placing strong new emphasis on underground mining equipment advance  

By: Martin Creamer     22nd September 2023 With a legacy spanning decades and a reputation for pioneering advancements, South Africa’s Bell Equipment is now placing strong new emphasis on advancing underground mining equipment. Currently a producer of low-profile underground mining trucks as well as underground rockscalers, Bell is... 

Bell Equipment CEO Leon Goosen.
Bell CEO Leon Goosen interviewed by Mining Weekly’s Martin Creamer. Video: Nicholas Boyd. Video Editing: Darlene Creamer

Regional beneficiation proffered

By: Nadine Ramdass     22nd September 2023 Africa's mining industry is poised for a significant boost, as the demand for critical minerals used in renewable energy technologies continues to grow; however, several barriers to foreign investment in critical minerals in Africa remain, including political instability, corruption and conflicts... 

An image of petalite
ENCOURAGING EXPLORATION African countries must develop progressive mining laws to reap the benefits of critical minerals demand

Pensana, partners win grant to develop sustainable rare earths supply chain

By: Darren Parker     20th September 2023 London-listed rare earths miner Pensana, working in partnership with electric vehicle company Polestar, sustainability advisory firm Route2 and the universities of Leeds and Hull, has been awarded £316 643 in grant funding by research and development agency Innovate UK under its Climates... 

BBX raises funds for Brazil exploration

By: Esmarie Iannucci     20th September 2023 Junior BBX Minerals will raise A$6-million to fund a rare earth exploration (REE) programme in Brazil. The ASX-listed company has received firm commitments for the placement of more than 222.2-million shares, at a price of 2.7c each, from sophisticated and professional investors. 

DRA tasked to save costs at Makuutu

By: Esmarie Iannucci     19th September 2023 Rare earths developer Ionic Rare Earths has appointed engineering and project house DRA Global to review the definitive feasibility study (DFS) for the Makuutu rare earths project, in Uganda. Ionic said on Tuesday that the company was hoping to identify opportunities for cost efficiencies, time... 

Makuutu project drill cores
Makuutu project drill cores

Australian Rare Earths increases Koppamurra resource

By: Esmarie Iannucci     19th September 2023 Junior explorer Australian Rare Earths has reported an 84% increase in the resource at its Koppamurra rare earths project in South Australia, with the resource now standing at 186-million tonnes at 712 parts per million total rare earth oxides (TREOs), containing up to 132 000 t of TREOs. “With... 

Pensana confirms rare-earth mineralisation at Angola target

By: Cameron Mackay     15th September 2023 Metals company Pensana on September 14 confirmed that the  Sulima West laterite target at its Coola exploration project, in Angola, contains three main types of rare-earth minerals. This was confirmed as the company reported on the mineralogical characterisation studies – undertaken by testing... 

Defense Metals hikes Wicheeda rare earths resources

By: Creamer Media Reporter      13th September 2023 TSX-V-listed Defense Metals has upgraded the mineral resource estimate (MRE) for the Wicheeda rare earth element (REE) deposit, in British Columbia, demonstrating the required tonnages and grades necessary to carry forward its ongoing prefeasibility study. The 2023 MRE comprises a... 

HyProMag to participate in project to develop UK circular supply chain for wind turbine rare-earth magnets

By: Cameron Mackay     12th September 2023 Resources development company Mkango Resources reports that rare-earth magnetic recycling company HyProMag, in which it owns a majority stake, is collaborating with EMR, the Offshore Renewable Energy Catapult, Magnomatics and the University of Birmingham in a £1.5-million project. Titled the... 

Wind turbines

New mining school nurturing human capital in anticipation of major upcoming demand   

By: Martin Creamer     12th September 2023 Copper mining company Copper 360, which announced in August that its School of Mining was under development at Concordia operation in the Northern Cape, has launched its first set of courses, aimed at nurturing human capital in anticipation of an expected provincial minerals development surge.... 

School of Mining in operational surroundings.
School of Mining in operational surroundings.

Final verdict for Kvanefjeld

By: Esmarie Iannucci     12th September 2023 The Greenland Ministry of Mineral Resources and Justice has made a final decision on the amended exploitation licence application from ASX-listed Energy Transition Minerals over its Kvanefjeld project, refusing the application or an alternative exploitation licence. Energy Transition Minerals has... 

Final verdict for Kvanefjeld

Rainbow signs strategic supply agreement with UK-based rare earth alloy manufacturer

By: Marleny Arnoldi     11th September 2023 In continuing its efforts to be a forerunner in the establishment of an independent rare earth elements (REEs) supply chain in the UK, London-listed Rainbow Rare Earths has entered into a strategic supply agreement with Less Common Metals (LCM) to develop a Western supply chain for REEs. In... 

Work advances at Sembehun

By: Esmarie Iannucci     8th September 2023 Mineral sands miner Sierra Rutile is progressing the definitive feasibility study (DFS) at Sembehun project, in Sierra Leone, in parallel with a financing process. Sierra Rutile’s finance director Martin Alciaturi told delegates at Paydirt’s Africa Downunder conference, in Perth, the DFS is... 

Reservation policy not on the cards for critical minerals

By: Esmarie Iannucci     8th September 2023 Calls for the Australian government to consider a reservation policy on critical mineral feedstock to allow for the development of a downstream industry, were unlikely to be heeded. Mineral sands producer Iluka Resources boss Tom O’Leary earlier this year said the government would need to... 

Chinese rare earth prices hit 20-month high on Myanmar supply worry

By: Reuters     7th September 2023  Chinese rare earth prices jumped to their highest in 20 months, as mining suspension in major producer Myanmar sparked stockpiling ahead of the peak consumption season, analysts said on Thursday. Prices of dysprosium oxide SMM-REO-DXO leapt to 2 610 yuan ($356) per kilogramme on Wednesday, the... 

ICMM publishes guidance to improve the mining, metals industry’s disclosure of Scope 3 emissions

By: Creamer Media Reporter      7th September 2023 Global metals and mining industry body ICMM has published a 'Scope 3 Emissions Accounting and Reporting Guidance', which provides a standardised framework for mining and metals companies to calculate and disclose their value chain emissions. With this document, ICMM aims to improve transparency... 

ICMM CEO Rohitesh Dhawan
ICMM CEO Rohitesh Dhawan

Ionic welcomes finalisation of updated mining regulations in Uganda

By: Tasneem Bulbulia     5th September 2023 ASX-listed Ionic Rare Earths has welcomed advice that the Ugandan government has approved and gazetted its updated Mining And Minerals (Licencing) Regulations 2023. Ionic says this as an important precursor to the granting of a mining licence for its 60%-owned Makuutu heavy rare earths project,... 

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