Rare earths made headlines this week thanks to a controversial takeover bid for Lynas Corporation
Rare earths made headlines this week thanks to a controversial takeover bid for Lynas Corporation, but whether the offer from Wesfarmers succeeds or not, the important message is that one of Australia’s biggest industrial companies has decided it’s time to invest in mining.
More specifically, the move on Lynas is fresh evidence that the electric car revolution is more than a passing fad, reinforcing the case for the broad family of metals needed in electric motors, either as fuel (lithium) or in other applications such as high-strength magnets (rare earths).
Pilbara Minerals is advancing a plan to sell a stake in its Pilgangoora project, which it is has just declared commercial
Pilbara Minerals is advancing a plan to sell a stake in its Pilgangoora project, which it is has just declared commercial, just two days after it advanced plans for a third stage expansion (reports MiningNews).
The company says it is open to divesting between 20-49% in the Pilgangoora lithium-tantalum mine as part of a partnering process that will also look for offtake deals for the stage three expansion so it can vertically integrate the mine with downstream chemical facilities, but managing director Ken Brinsden said any partner needed to add value.
Australia's big miners have rallied hard, but that hasn't stopped Credit Suisse moving overweight (reports The Australian Financial Review).
Australian mining giants might have had a stellar run over the past 12 months, but Credit Suisse’s head of global equities, Andrew Garthwaite, believes they’ve got scope to push higher still on the back of some big global trends.
Credit Suisse moved overweight on the mining sector earlier this week, after seeing signs that the slump in global industrial production in the final quarter of 2018 was starting to bottom out.
Standing on top of Mount Mann in Western Australia’s northeastern goldfields, Liontown Resources’ chairman Tim Goyder told MNN that, if all goes well, within three years the same location could be the southern edge of vast open pit
Tando Resources has generated a 2.2% vanadium concentrate after large scale test work, with the company claiming it is one of the highest-grade vanadium concentrates reported globally (reports Small Caps).
Large-scale plant simulation test work was carried out at Tando’s flagship SPD vanadium project in South Africa.
Bulk samples were treated using the proposed flowsheet and processing route.
In Western Australia, up-and-comer Liontown (ASX:LTR) is now sitting on a large 4.5km by 2.5km lithium soil anomaly (more than 100 parts per million) at its Buldania project in the Eastern Goldfields (reports Stockhead).
This is after fresh soil sampling confirmed the prospectivity in a new area, about 5-10km from its Anna discovery.
Geological mapping will help accurately define pegmatites (the main source of hard rock lithium) in this new area prior to initial drilling in the second quarter.