In 1992 in the junior mining sector, nobody was paying attention to diamonds. Then Lac de Gras was discovered. Within four years, there were 200 diamond exploration companies. Twenty years later, there are six junior companies still in the game. The REE junior space will be similar, but in a shorter timeframe.
Planetary Resources took the wrapper off the new company that plans to mine asteroids, and the company has half a road map on how to get precious metals out of the sky.
Google's billionaire co-founders Larry Page and Eric Schmidt and filmmaker James Cameron will officially announce today plans to mine asteroids. The company's presentation will be broadcast live today at 1:30 p.m. ET.
Diversified miner Anglo American Plc. (LON:AAL), announced today it has sold the South African Scaw Metals Group business for $430 million to a group of partners, on a move to refocus on its core mining business.
"The quality of this relationship with China's largest importer of copper concentrates provides further evidence that there is considerable interest in the high grade massive sulphides being found by the emerging seafloor resource production industry," said Nautilus CEO Stephen Rogers.
While we may receive confirmation on Tuesday that James Cameron and some Google executives are going to start mining in space, CBC asked its readers if it's even a good idea and found strong support.
Brazilian mining giant Vale has taken the concept of mining diversification to a new level by announcing that it will start raising fish by its Sudbury, Canada, location.
In another attempt to reduce its dependence on China's strangehold on rare earth element supply, Honda announced that its dealers will start to recycle old cars to extract the rare earth metals from the nickel-metal hydride batteries.
Highlights of the 2011 prospecting program include Azimut's discovery of two new gold prospects (16.7 g/t Au from an outcrop and 26.1 g/t Au from a near-source boulder).
Speculation is mounting that group of heavy-hitting investors—including filmmaker James Cameron and Google executives Larry Page and Eric Schmidt—may announce next week in Seattle plans to mine asteroids for minerals.