Great Western Minerals Group Acquires 70.2% of Rareco Shares to Date
Great Western Minerals Group Ltd. (CVE:GWG) acquires 70.2% of all outstanding shares of Rare Earth Extraction Co. Limited.
Great Western Minerals Group Ltd. (CVE:GWG) acquires 70.2% of all outstanding shares of Rare Earth Extraction Co. Limited.
Market Jigsaw Puzzle Blog reports that China has further tightened the rare earth noose as it has invoked a seldom-used mining law to take direct control of 11 rare earth mining districts in southern China.
Bloomberg reports that exports of rare earths from China fell by 9.3 percent last year as the government tightened domestic mining to curb pollution.
Tech Metal Research reports that future role in the global rare-earth trade will be under scrutiny at a Critical Materials investment conference.
AFP reports that China has brought 11 rare earth mines under state control as Beijing consolidates the industry.
Companies are looking to develop electric motors with a reduced percentage of rare earth oxides, after a turbulent market sparked by Chinese trading policy destabilized the market and influenced prices. Investments in new rare earth mines will provide non-Chinese REE’s to fill in supply gaps.
Dacha Strategic Metals Inc. (CVE:DSM) reports its estimated net asset value at December 31, 2010 was CDN$0.45 per share based on 73.1 million shares outstanding.
Bloomberg reports that Beryllium finds use in telecom equipment/computers, automotive electronics, aerospace and defense, and industrial components markets.
Dolat Ventures Inc. (OTC:DOLV) announced the expansion of the diamonds operations at the Baimbawai Pool in the Sewa River along with the expansion into gold and other rare minerals.
Sarissa Resources, Inc.(PINK:SRSR) is pleased to provide a general company update to inform shareholders of ongoing initiatives.
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