R/€ = 20.3266 Change: -0.0554
R/$ = 19.1063 Change: 0.0124
Au 2344.54 $/oz Change: -47.30
Pt 932.30 $/oz Change: -11.20

Rare Earth Minerals News

EU seeks critical minerals deals with more African countries

By: Reuters     31st May 2023 The European Union (EU) is in negotiations with Democratic Republic of Congo, a leading source of battery minerals, and aims for talks with other African countries to shore up its supplies of critical raw materials, an EU official said on Wednesday. As part of efforts to reduce dependency on... 

Exxaro's Mthenjane to succeed Baxter as Minerals Council CEO

By: Darren Parker     31st May 2023 The Minerals Council South Africa has officially appointed mining and renewable energy company Exxaro Resources' stakeholder affairs executive head Mzila Mthenjane as its new CEO. He will take over from Roger Baxter, who will be leaving the Minerals Council at the end of June.  

Mzila Mthenjane has been appointed CEO of the Minerals Council South Africa
Mzila Mthenjane has been appointed CEO of the Minerals Council South Africa

New atlas showcases critical minerals potential

By: Esmarie Iannucci     31st May 2023 Geoscience Australia has developed an atlas of sites across Australia pinpointing previously mined and discarded rock and earth which could help boost Australia’s global position as a clean energy powerhouse. The atlas highlights sites across the nation that may contain previously overlooked... 

Image shows broken core

Firering completes Phase II soil sampling programme at Atex

By: Darren Parker     30th May 2023 Exploration company Firering Strategic Minerals has announced the successful completion of its extensive Phase II soil sampling programme at its Atex lithium/tantalum project, in Côte d'Ivoire. Starting on January 9, the Phase II programme was carried out in collaboration with mineral... 

JSE pushing hard to attract junior miners, exploration companies to list, says Mokorosi  

By: Martin Creamer     30th May 2023 South Africa’s Johannesburg Stock Exchange (JSE) is going all out to attract junior mining and exploration companies, making it easier for companies to get on to the exchange and to remain on the exchange, while ensuring that investor protections are of the highest calibre. In the last few years,... 

JSE Origination and Deals Head Samuel Mokorosi and Copper 360 chairperson Shirley Hayes at last month's Copper 360 listing.
JSE's Samuel Mokorosi interviewed by Mining Weekly's Martin Creamer. Video: Darlene Creamer.

Ratings agency takes note of battery metals potential in sub-Saharan Africa

By: Marleny Arnoldi     26th May 2023 As demand surges for minerals used in low-carbon energy generation and electric vehicles (EVs), commodity-exporting economies in sub-Saharan Africa (SSA) could reap significant rewards, says ratings agency S&P Global. The agency believes many commodity-exporting economies in the region will see a... 

Guidance on how mining should manage human rights impacts updated

By: Martin Creamer     25th May 2023 Updated guidance to help mining companies improve how human rights impacts are managed across the globe has been published by the International Council on Mining and Metals (ICMM).  ICMM members include the Johannesburg Stock Exchange-listed African Rainbow Minerals, Anglo American, Glencore,... 

ICMM President and CEO Rohitesh Dhawan.
ICMM President and CEO Rohitesh Dhawan.

Transitions present opportunities for African miners, manufacturers

By: Tasneem Bulbulia     24th May 2023 There are three broad transitions under way that are likely to have a considerable impact on the mining and manufacturing sectors in South Africa and Africa, especially given the demand for critical minerals. This was noted by South Africa’s Department of Trade, Industry and Competition (DTIC)... 

Phosphate is needed in the agricultural sector

Mkango appoints ESG specialist to its board

By: Creamer Media Reporter      24th May 2023 Aim- and TSX-V-listed Mkango Resources has appointed Philipa Varris to its board as nonexecutive director and chairperson of its sustainability committee. The company states that the appointment is part of its global expansion strategy and highlights the importance the company places on upholding... 

Sibanye-Stillwater funding Wits University’s carbon storage brainstorming ‘techathon’  

By: Martin Creamer     22nd May 2023 Johannesburg- and New York listed platinum group metals, green metals and gold mining company Sibanye-Stillwater is funding a brainstorming ‘techathon’ on the challenge of storing carbon in suitable host rock environments in underground mines as part of an environmental protection imperative. “We... 

University of the Witwatersrand’s Wits Mining Institute DigiMine Laboratory head Ahsan Mahboob.
Wits Mining Institute DigiMine Laboratory head Ahsan Mahboob interviewed by Mining Weekly's Martin Creamer. Video: Darlene Creamer.

Aus and US strike climate and critical minerals compact

By: Esmarie Iannucci     22nd May 2023 Australia and the US will enhance bilateral cooperation under a Climate, Critical Minerals and Clean Energy Transformation Compact, establishing climate and clean energy as a central pillar of the Australia-US Alliance. The Compact is a framework to advance ambitious climate and clean energy... 

Image shows a handshake

Initiatives expected to reinvigorate Zambian mining industry

By: Nadine Ramdass     19th May 2023 Zambia was overtaken by the Democratic Republic of Congo (DRC) – as a copper and cobalt mining hub in Africa – owing to the latter being a cheaper and easier mining option. However, efforts made by the Zambian government to restore the industry are expected to attract investors and stimulate the... 

An image of WSP Africa MD Ralph Heath
RALPH HEATH Other African countries can learn from Zambia's turnaround strategy

Afrimat attributes higher revenue to diversification strategy

By: Darren Parker     18th May 2023 Mid-tier openpit mining company Afrimat has reported a 4.9% year-on-year increase in revenue from R4.7-billion to R4.9-billion for the financial year ended February 28.  Speaking at the company’s year-end results presentation on May 18, in Johannesburg, Afrimat CEO Andries van Heerden said the... 

bird's eye view of Afrimat operation in KZN

Sierra Rutile takes straight approach at Sembehun

By: Esmarie Iannucci     18th May 2023 ASX-listed Sierra Rutile on Thursday announced that the current definitive feasibility study (DFS) at its Sembehun project, in Sierra Leone, would be adjusted to assume full development rather than a phased approach. The company in September last year launched the DFS continuing the phased... 

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... 

Image shows Australian currency

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
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