Frontier is advancing the Zandkopsdrift rare earth project in South Africa and in December sold 10% of the venture to Kores for $23.8 million. The South Korean state-owned company now wants to ink a more comprehensive deal.
A Buddha statue looted by Nazis in Tibet in the 1930s was carved from the Chinga meteorite, which crashed to the Earth 15,000 years ago, revealed Elmar Buchner of the Planetology Institute at Stuttgart University.
Only five months after Google’s billionaire co-founders and filmmaker James Cameron officially launched their asteroid mining focused Planetary Resources company, the U.S. National Aeronautics and Space Administration (NASA) is funding a study to evaluate how viable the endeavour really is.
The debated contract, that has Colombian authorities divided over the terms under which BHP Billiton should operate the Cerro Matoso nickel mine, found a momentary solution this week after the government decided to extend the mining deal until 2029.
Australia's Dragon Mining announced the discovery of a promising new area of gold deposits in Kuusamo, Finland, only hours after the country was announced as the top destination for mining and oil investment by a trade magazine.
Diversified miner Xstrata (LON:XTA) announced Wednesday it is suspending operations at its Cosmos nickel mine in Western Australia, as nickel prices have plummeted dramatically.
Both Australian trade minister Craig Emerson and treasurer Wayne Swan over the weekend entered the debate over whether the country is facing a period of decline as the country's resource-led economy loses steam.
