Verde Resources, Inc. (OTCBB:VRDR) said today it is ready to commence exploration at its rare earth elements Merapoh Mine and has engaged SRK Consulting to guide the exploration and feasibility evaluation.
Articles Tagged "malaysia"
MINING.com reported on two developments on Tuesday for rare earth company investors. In the first, the death of an engineer at Lynas' (ASX:LYC) processing facility in Malaysia caused the Australian company's shares to drop 3.6 percent on Tuesday and 7 percent since the fatality was reported.
PRWEB reported on Tuesday that Verde Resources (OTCBB:VRDR) has found indications of large deposits of rare earth elements at the Merapoh Mine in Pahang, Malaysia.
The Australian company continues to face opposition from those who believe their rare earths processing plant in Malaysia risks human health and damage to the environment.
Malaysians opposed to rare earths processing are angry at Lynas Corp (ASX:LYC) for refusing to disclose the location of a waste storage facility in the peninsular Asian nation, Australia Network News reported.
The Star Online reported that Lynas (ASX:LYC) is disputing reports that a permanent disposal facility will be built on site at their rare earth plant.
The International Business Times reported that Lynas has submitted plans to the Malaysian government for a permanent disposal facility, which may satisfy the final requirement to receive a permanent license to operate the plant.
Lynas Corporation is facing a moment of truth over its controversial Malaysian processing plant as locals prepare to go to the polls in what is being hailed as the most closely contested election in the country’s history.
Not everyone is in favor of the US Department of Defense's recommendation that the US stockpile $120.43 million worth of heavy rare earths.
As China implements measures aimed at jumpstarting the REE market, investors are thinking outside of the box regarding where the next viable project will be — and Australia is a prime focus.