Bullish investors add $90bn to top 50 biggest mining companies
Despite the pullback in iron ore and copper prices, the MINING.COM TOP 50 ranking of the world’s most valuable miners made strong gains at the end of the year.
A report by state news agency Xinhua paints a particularly grim picture of China's rare earth industry which belies the notion that China's crackdown has more to do with managing supply and extracting lofty profits than it is about cleaning up a notoriously dirty business.
The 216 million tonne Jongju deposit 150km north of Pyongjang, theoretically worth trillions of dollars, would more than double the current global known resource of REE oxides.
The world's largest miner has revised up expectations for electric vehicle sales and market penetration, but warns the electrification of the transport sector will proceed only as fast as the development of charging infrastructure does.
The Australian miner, the world's only major producer of rare earths outside China, said the A$500 million-plan ($346 million) aims to boost production, appease Malaysian regulators and fend off takeover attempts.
No decision will be made until the end of 2020, when the company expects to have completed a study on the Jadar, which is estimated to contain 10% of the world's lithium reserves.
Talison Lithium, a partnership between China’s Tianqi and U.S. group Albemarle, obtained an environmental approval for the A$516-million ($361m) expansion of the Greenbushes mine in Western Australia.