A Vancouver native, Charlotte recently graduated from Simon Fraser University, where she majored in English and Humanities. During her time there, SFU’s Writing and Communications program caught her attention, and she began working towards a Certificate in Editing. After completing an editorial internship at Vancouver’s Western Living magazine in the fall of 2010, she knew that she wanted to pursue editing further.
Charlotte is excited to have joined the Investing News Network as an editorial assistant, and looks forward to gaining more knowledge about the commodities sector. She plans to complete her certificate in the spring of 2013.
Lynas Corporation Ltd. (ASX:LYC) announced that effective March 31, 2012, its current CEO, Nicholas Curtis, will be replaced by Eric Noyrez. The company’s press release notes that the replacement was planned and reflects Lynas’ shift from development to production.
The Sydney Morning Herald reported that Lynas Corporation Ltd. (ASX:LYC) anticipates that production will begin at its Malaysian rare earth plant in December. Revenue from production is expected in the first quarter of 2013.
Frontier Rare Earths Ltd. (TSX:FRO) provided an update on the preliminary feasibility study (PFS) that is taking place at its South Africa-based Zandkopsdrift rare earth project, commenting that most of the required studies are now complete or are in an advanced stage. Work on the PFS began seven months ago and is expected to be complete in the first quarter of 2013.
CNET reported on the rare earth extraction process, commenting that Molycorp Inc. (NYSE:MCP) is developing a more environmentally-friendly way to remove the minerals from the ground. China is also in the midst of stepping up its environmental regulations for rare earth mining, and this action from Molycorp may prompt it to do so more quickly.
MBAC Fertilizer Corp. (TSX:MBC,OTCQX:MBCFF) announced the results from the preliminary economic assessment for its wholly-owned, Brazil-based Araxa rare earth oxide (REO)/niobium/phosphate project, commenting that the project is expected to start production in the first quarter of 2016 and will initially produce 8,750 tonnes of REO per year.
Reuters reported that China has increased its rare earth element (REE) export quotas, allowing 24 companies to export a further 9,770 tonnes of REEs. That brings the year’s total to 30,966 tonnes, a three-year high.
Reuters reported that China has made it clear that it would rather be the largest rare earth consumer than the biggest rare earth exporter, and may begin importing the metals as early as 2014.
Mkango Resources Ltd. (TSXV:MKA) announced that the results for five holes from the second phase drilling program at its Songwe project, located in Malawi, include 95.8 meters grading 1.7% total rare earth oxide (TREO), 100.8 meters grading 1.7% TREO, and 332.7 meters grading 1.4% TREO.
Innovation Metals Corp. announced that by submitting a Project Notice to Quebec’s government it has begun the process of receiving a permit for its planned rare earth separation plant.
Molycorp Inc. (NYSE:MCP) announced that it has acquired Neo Material Technologies Inc. (TSX:NEM). In doing so, it has created a full “mine to magnetics” rare earth company.
