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Latest Stories

Eriez® Xtreme® Rare Earth Rota-Grates® Provide Speedy and Automatic Removal of Clogging Contaminants from Processing Lines

Eriez® Xtreme® Rare Earth Rota-Grates® feature a unique rotating design to remove both large and small ferrous contaminants that tend to stick, clog and bridge when passed through traditional grate magnets. Eriez’ Rota-Grate reel incorporates Xtreme Rare Earth tube circuits, which are at least 12 percent stronger than all other existing magnets.

Molycorp spends $114 million to accelerate rare earth production by three months

Molycorp (NYSE:MCP), the only rare earth producer in the Western hemisphere, announced on Thursday that it plans to spend $114 million to accelerate by three months the start-up of its rare earth processing facility. Molycorp's stock slid on Thursday after the news. After hitting a high of $40.45 on Wednesday, the stock dropped as low as $36.59 before recovering to close at just under $38. The company's estimated 2012 production will rise by 3,500 metric tons to between 8,000 and 10,000 metric tons annually. The new spending will help the company achieve full phase one production of 19,050 metric tons per year of rare earth oxide equivalent three months earlier than previously planned.

Charge time for an electric car dropped to just 10 minutes

In the race to make electric cars a viable alternative to internal combustion engines, Nissan announced that it had developed technology to charge a car in 10-minutes. The time it takes to charge a car is seen as a major hurdle to widespread acceptance of electric cars. With the current technology, it can take several hours to recharge an electric car. Kansai University in Japan is credited with inventing the technology.

Mining ripping away chunks of Great Wall in rural areas

One of the Seven Great Wonders of the World is being threatened by mining. Reuters reports that legal and illegal mines operating below the Great Wall of China are tearing chunks of the wall away and allowing the historic landmark to crumble: About 200 km (124 miles) southwest of Beijing, in rural Laiyuan county in Hebei province, dozens of small mines are threatening the stability of the centuries-old wall as prospectors dig for copper, iron, molybdenum and nickel, state news agency Xinhua reported. Some mines have excavated within 100 meters of the wall.

Pentagon should stockpile rare earth materials: Coffman

U.S. Rep. Mike Coffman (R-CO), who sits on the House Armed Services Committee, is pushing the US Department of Defense for the establishment of a national inventory of rare earth materials. “I support the procurement of such high-demand, at-risk rare earth materials to help fulfill Department of Defense (DOD) requirements and therefore reduce supply-chain vulnerability. By using the Annual Materials Plans as a vehicle, the Department can identify critical rare earth oxides, alloys, metals, or magnets, depending on what best suits DOD’s needs, and then fulfill a portion or the entirety of the associated requirements,” Coffman wrote in a letter to Ronnie Favors, the administrator of the DLA Strategic Materials.

Wallbridge Mining commissions the Broken Hammer feasibility study

Wallbridge Mining Company Limited (TSX:WM, FWB: WC7) ("Wallbridge" or the "Company") is pleased to announce that it has retained the services of Wardrop, A Tetra Tech Company ("Tetra Tech") and AMEC, two large multi-disciplinary engineering companies to complete the required studies for the development of its Broken Hammer deposit in Sudbury, Ontario. Tetra Tech will complete the Pre-Feasibility study ("PFS") and the subsequent Feasibility Study ("FS"). AMEC will complete the Environmental and permitting requirements. "The successful delivery of the bulk sample and its expected results have brought this project to the next phases of development namely Pre-Feasibility, Feasibility, and permitting."

IAMGOLD plans to keep on buying

IAMGOLD Corporation, which produces nearly one million ounces of gold each year, is looking is looking for projects capable of 150,000/oz of gold per year and has two million oz of reserves. The company made the announcement during a corporate presentation in October. Bloomberg reported that the company is looking for transactions in the range of $300 million to $500 million.

Quadra FNX announces a 9% increase in Q3 2011 copper production

Quadra FNX Mining Ltd. ("Quadra FNX" or the "Company") (TSX:QUX) announces that consolidated payable production for the three months ended September 30 increased 9% compared to Q2 2011 and 30% compared to Q1 2011 and totaled 60 million pounds of copper, 26 thousand ounces of total precious metals ("TPMs") and 3 million pounds of nickel. Paul Blythe, President & CEO comments; "This is our strongest quarter since 2009, driven by Robinson and continuing strong performance from our Sudbury operations. We are seeing continuing and significant improvements in production at Robinson. The various measures that we have taken are delivering increased flexibility and productivity.