Monthly Archives: December 2019

REUTERS: USARMY WILL FUND RARE EARTHS PLANT FOR WEAPONS DEVELOPMENT

(Reuters) – The U.S. Army plans to fund construction of rare earths processing facilities, part of an urgent push by Washington to secure domestic supply of the minerals used to make military weapons and electronics, according to a government document seen by Reuters. The move would mark the first financial investment by the U.S. military into commercial-scale rare earths production since World War Two’s Manhattan Project built the first atomic bomb. It comes after … Continue reading

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VALE TO EXIT NEWCALEDONIA, EYES INDONESIA TO BOOST NICKEL OUTPUT

LONDON (Reuters) – Brazil’s Vale SA plans to exit its troubled New Caledonia assets but still aims to ramp up nickel output ahead of rising demand for electric batteries, executives said on Wednesday. The planned divestment of nickel operations in New Caledonia comes after Vale said last month it would write down the mine and incur a non-cash impairment charge of about $1.6 billion in the fourth quarter. A year ago, the world’s top … Continue reading

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TRUDEAU GOVERNMENT INVESTIGATING HOW #CANADIAN MINING INDUSTRY CAN PROVIDE RARE-EARTH MINERALS CRITICAL TO NEW ECONOMY

Collaboration on critical minerals with Washington could attract investment to Canadian exploration and mining projects as well as spur job creation OTTAWA — The Trudeau government is digging for intelligence on the role Canada’s mining sector could play in providing the United States and other key trading partners with crucial minerals and metals — from cobalt to tellurium — considered building blocks of the new economy. Natural Resources Canada plans to hire a British … Continue reading

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RUSSIA WANTS TO ATTRACT INDIAN INVESTORS TO MINE RAREEARTHS IN FAR EAST

Indian companies IREL (Erstwhile Indian Rare Earths Ltd) and KABIL (Khanij Bidesh India Ltd) are looking into rare earth elements projects in Russia, according to Russia’s Far East Investment and Export Agency. In a meeting with Indian firms in New Delhi, the Russian delegation presented perspective projects that could be implemented in the remote Far Eastern region and the Arctic zone. “We’re considering mining of lithium and cobalt,” the director of the agency, Leonid … Continue reading

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BBCNEWS: EUROPE’S NEW SPACE BUDGET TO ENABLE CO2 MAPPING

Europe will press ahead with a network of satellites to track carbon dioxide emissions across the globe. They will be developed out of a new European Space Agency (Esa) budget agreed in Seville, Spain. Research ministers on Thursday approved a package of proposals worth some €14.4bn (£12.3bn/$15.9bn) over the next five years. As well as the new CO2 monitoring system, the funds will also pave the way for missions to the Moon and Mars. … Continue reading

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