MINING.COM

Neo Material Tech shareholders agree to Molycorp takeover, but what they really wanted was the cash

Under the terms of the deal Neo Material stockholders had the option to either receive cash or shares in Molycorp, but so many chose the former option that it exceeded the maximum cash amount that could be paid out to them.

Frik Els | May 31, 2012 | 9:55 pm

Baja Mining lays off 40% of staff and seeks funding for Boleo

Troubled Vancouver miner, Baja Mining (TSE:BAJ), said that it laid off 40% of its staff to conserve cash and admitted that there is "no assurance" that it will find funding to complete its Boleo project, a $1.143 billion copper-cobalt-zinc project in Mexico.

Michael Allan McCrae | May 30, 2012 | 10:07 pm

China mulling undersea mineral exploration

China could take a page out of Nautilus Minerals' playbook and begin exploring for undersea polymetallic sulphide deposits.

MINING.com Editor | May 30, 2012 | 6:01 am

Ashram rare earth deposit shows ‘robust economics’

The prelimary economic assessment for the Ashram rare earth deposit in Quebec shows "robust economics," says Canadian explorer Commerce Resources (TSX-V:CCE).

Andrew Topf | May 25, 2012 | 7:24 pm

Alaska mines and mineral prospects mapped

Alaska Dispatch has published an interactive map plotting Alaska's operating mines, active prospects and abandoned prospects.

MINING.com Editor | May 24, 2012 | 9:17 pm

Junior resource investment in a financial meltdown – the Good, the Bad and the Ugly

Rick Rule's presentation at the New York Hard Assets Conference earlier this week sees some light for the informed junior resource investor despite current patterns which have mostly been Bad or Ugly!

Mineweb | May 19, 2012 | 8:53 am

China’s rare earth quotas are a joke. 74% of oxides never left port this year

Chinese authorities added 10,680 tonnes to the country's export allowance this week but it is something of a meaningless exercise because during the first quarter China only exported 26.3% of the initial quota.

Frik Els | May 18, 2012 | 9:00 pm

Rare earthquake: May last year Molycorp investors were $5.5 billion richer

The Colorado company is destined to become the number one producer outside China, but the rapidly changing economics of the industry has seen its stock decline 20% this week and 74% since May last year.

Frik Els | May 18, 2012 | 6:05 pm

Repelling sharks? Rare earth elements can handle that

Magnetically sensitive sharks don't like samarium, neodymium, and praseodymium, according to a report by BBC on a company that is experimenting with rare earth elements to protect swimmers from getting bit.

Michael Allan McCrae | May 16, 2012 | 5:38 pm

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