Prices of rare earth elements have doubled over the last two weeks as China begins restrictive mining production and export practices. Since China supplies 95% of the 17 rare earth minerals used in everything from lasers, to plasma televisions to laptop batteries their policies will affect the global market adversely.
Ditem Explorations is making progress in the summer exploration program at the Lac Henri property. This exploration at the Lac Henri property will include the rare earth showing that was identified during 2009 and will contain a geological mapping, ground radiometric survey and prospecting with sampling and trenching.
Rare earth elements have been a hotly traded stock since China said that it was limiting their exports last year. The move led to a number of countries digging in their back yards for whatever rare earth elements they could mine on their own. It also saw stocks of mining companies dealing in rare earths go through the roof.
The mining industry has found another metaphorical gold rush and it’s lying at the bottom of the Pacific Ocean. Environmentalists who are worried about the impact of deep sea mining on marine ecosystems are hoping that the large number of firms looking for ocean floor mining permits is not entertained.
Environmentalists in New Mexico are renewing their efforts to gain permanent protection for the Otero Mesa area in the south. About 183 claims are held by the Colorado based company Geovic Mining Corp in the region. The company finished staking a 5 square miles claim in the Cornudas Mountains last week in a bid to find rare minerals.
Globe Metals & Mining have discovered virgin rare earth in Malawi. The discovery was made from a reconnaissance sampling program that it conducted at Mount Salambidwe in southern Malawi in south eastern Africa.
Quantum Rare Earth Developments has started drilling operations at the Elk Creek Carbonatite project in southeastern Nebraska.
Mongolia is now set to make its mark on the global mining stage. The nascent industry has been receiving expressions of interest from international investors ever since the riches beneath the Gobi desert have been discovered.
Montero Mining and Exploration has asked Mintek, a South African research center to develop a rare earth element extraction process flow sheet for its flagship project. Montero’s main project is the Wigu Hill exploration project in Tanzania.
Nuinsco Resources has intersected 0.957% niobium (Nb2O5) and 8.68% phosphorous (P2O5) grading 0.118% Nb2O5 and 3.41% P2O5 over 246m through diamond drilling at the Prairie Lake rare metals project in Northern Ontario.
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