Peter Koven at the National Post looks at the Vancouver-based DeepGreen Resources, a private company that just signed 50% off-take agreement with mining giant Glencore International.
The three losing bids were all from the US and the deal marks a decisive shift in the commodities trading business away from Chicago and London to Asia.
Illegality in the mining sector has deprived state governments of badly needed revenues, threatened the industry with costly and unpredictable shutdowns, and generated political chaos that helped bring down two state governments in 2011 and 2012.
There are better days waiting ahead for copper and nickel in the field of electronics with the new invention of copper-nickel nanowires, which will be a perfect choice for printed electronics, developed by researchers in Duke University.
US-based rare earth miners, Molycorp (NYSE:MCP), gets a foothold in Asia after completing its US$1.3 billion acquisition of Canadian-based Neo Material Technologies Inc. (TSX:NEM).
The Korsnäs South, Siilinjärvi and Laivajoki projects are being acquired from an arm's length private Finnish company, Magnus Minerals Oy, for consideration including 60,000 common shares of the company.
The Dominican Republic is soon to become more than just a sunny destination. Data published by the country’s geology society claim the Central American nation is sitting on nearly $58 billion of unexplored reserves of minerals and metals.
