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Latest Stories

Montoro retains aeroquest for airborne surveys over BC rare earth prospects

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 8, 2011) - International Montoro Resources Inc. ("Montoro") (TSX VENTURE:IMT)(PINK SHEETS:IMTFF)(FRANKFURT:O4T) has retained Aeroquest International Limited to conduct multiple large scale geophysical and radiometric airborne surveys over the highly prospective "Tacheeda NW" and "Chuchinka NW" Rare Earth Element prospects located in 'The Rocky Mountain Rare Metal Belt' of northern British Columbia. Both of Montoro's newly acquired properties are on trend with properties held by Spectrum Mining Corp. (the "Wicheeda" discovery), who announced a 48.64 metre interval which averaged 3.55% REE, a 72.0 metre interval that averaged 2.92% REE, and a 144 metre interval which averaged 2.20% REE in three separate drill holes.

Great Western Minerals Group selects drill contractor for Steenkampskraal rare earth project

SASKATOON, SASKATCHEWAN--(Marketwire - Sept. 8, 2011) - Great Western Minerals Group (TSX VENTURE:GWG) (OTCQX:GWMGF) ("GWMG") is pleased to announce the selection of Drillcorp Africa (Pty) Ltd. ("Drillcorp") as the drill contractor for the upcoming exploration and resource evaluation program at the Company's Steenkampskraal Rare Earth Element ("REE") project in South Africa.

Rare Earth Metals reports update from drilling on its Two Tom deposit in Labrador

THUNDER BAY, ONTARIO--(Marketwire - Sept. 8, 2011) - Rare Earth Metals Inc. ("Rare Earth Metals", "RA" or the "Company") (TSX VENTURE:RA)(PINK SHEETS:RAREF)(OTCQX:RAREF) is pleased to report preliminary Rare Earth Element results from three additional holes on the Two Tom Mineralized Zone at the Red Wine Property, located approximately 110 kilometers northeast of Churchill Falls in west central Labrador. The results include best intersections of 1.86% TREO over 121.5 meters within a larger zone of mineralization which assayed 1.46% TREO over 195.15 meters in drill hole DDH-TT-13, 1.82% TREO over 89 meters in drill hole DDH-TT-14, and 2.15% TREO over 120 meters within a larger zone of mineralization which assayed 1.68% TREO over 176.5 meters in drill hole DDH-TT-15b. The HREO/TREO ratios from these intersections range from 5.2% to 6.0%.

PolyMet reports second quarter fiscal 2012 results

HOYT LAKES, MINNESOTA--(Marketwire - Sept. 7, 2011) - PolyMet Mining Corp. (TSX:POM)(NYSE Amex:PLM) ("PolyMet" or the "Company") today reported its financial results for the three months ended July 31, 2011, which have been filed at www.polymetmining.comand on SEDAR and EDGAR. The financial statements have been prepared in accordance with International Financial Reporting Standards ("IFRS"). All amounts are in U.S. funds.

Indonesia plans tax or quota on ore exports

Reuters reports Indonesia may impose a tax or quota on mineral ore exports ahead of a planned regulation to ban all exports of raw minerals by 2014, the industry ministry said on Wednesday. The planned ban is part of a mining and coal law introduced in 2009 that requires miners to process minerals into higher value products before exporting them. The move would negatively impact copper miners Newmont and Freeport as currently only 30% of output is processed domestically and comes on top of news that workers at Freeport's massive Grasberg mine in the Papua province plan a second strike next week after wages negotiations broke down.

Rare Earth Metals intersects significant heavy REE mineralization at Dory Pond area, red wine project, with HREO/TREO ratio of 42.1% from intersection of 1.55% TREO over 21.0 meters

THUNDER BAY, ONTARIO--(Marketwire - Sept. 6, 2011) - Rare Earth Metals Inc. ("Rare Earth Metals", "RA" or the "Company") (TSX VENTURE:RA)(OTCQX:RAREF)(PINK SHEETS:RAREF) is pleased to report preliminary Rare Earth Element results from drilling on the Dory Pond project area of the Red Wine property. The second hole of this drill program (DDH-B3N-03) was successful in testing an area defined by a number of Heavy Rare Earth anomalous prospect samples and resulted in an intersection of 1.55% TREO (HREO/TREO of 42.1%) over 21.0 meters within a wider intersection of 1.11% TREO (HREO/TREO of 41%) over 42.9 meters. Of particular importance are the high values in Dysprosium, Yttrium and Neodymium which compare favourably with other more advanced Heavy Rare Earth Deposits.

Russia RUSAL rejects Norilsk buyback offer

The board of the world's top aluminium producer UC RUSAL said on Monday it had unanimously rejected a $8.75 billion offer by mining giant Norilsk Nickel to buy back its shares. The $306 per share offer for a 15 percent stake, which represents a 20 percent premium to the weighted average market price for the past six months, was approved by Norilsk's board and was valid until 1400 GMT on Sept. 5. Norilsk said that it plans now to make a buyback offer to other shareholders.

Commodities rocked as US economy creates zero jobs

Commodity markets were hit this week by shock news that the United States created no jobs in August, sparking speculation that the world's biggest economy could be heading for a double-dip recession. Analysts said the data bolstered expectations that the US Federal Reserve could soon decide to implement another round of quantitative easing -- dubbed QE3 by traders -- to help breathe new life into the struggling economy.