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    Large Deposits of Rare Earth Minerals Found in Pacific Ocean Floor

    Large Deposits of Rare Earth Minerals Found in Pacific Ocean Floor

    High tech gadgets like the iPad and flat screen TVs are manufactured using rare-earth elements, which until recently, were put in a strangle hold by China’s near monopolist supply. However, last weekend scientists found large deposits of rare-earth minerals on the ocean floor near Hawaii and Tahiti. Could this be the treasure trove of key [...]

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    Peruvian Govt. Stops Mining, Bear Creek Threatens to Sue

    Peruvian Govt. Stops Mining, Bear Creek Threatens to Sue

    The Peruvian government has revoked the silver mining permit issued to Bear Creek Mining Corp., a Vancouver based company, after weeks of violent protests. As a result of the pulled project license, Bear Creek Mining Corp. has threatened to sue, yet insists a “political solution” is achievable.  Investors do not seem to think so as [...]

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    Grand Canyon Uranium Mining Moratorium Extended Six Months

    Grand Canyon Uranium Mining Moratorium Extended Six Months

    Last Monday, June 20, the U.S. federal government extended a moratorium on new uranium mining claims in a million-acre buffer zone around the Grand Canyon. The Interior Secretary Ken Salazar enacted a six month moratorium as it awaits the conclusions of an environmental impact statement expected to be completed by the government by the end [...]

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    Prices Double as China Increases Control of Rare Earth Resources

    Prices Double as China Increases Control of Rare Earth Resources

    China tightened control on rare earth resources, including mining, production and exports, causing prices to more than double in the past two weeks, according to market researcher Industrial Minerals. The cost of dysprosium oxide, used in magnets, lasers and nuclear reactors, has doubled in less than a month, rising from $700 a kg to approximately [...]

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    Saskatchewan Mining Industry Anticipates $43B Expansion

    Saskatchewan Mining Industry Anticipates $43B Expansion

    The annual Saskatchewan Mining Week kicks off this week with the theme “Mining: Investing in Saskatchewan’s Growth”.  The week of events is sponsored by the Saskatchewan Mining Association. The theme is fitting for the state of the Saskatchewan mining industry as it is undergoing a massive boom, which could see $43 billion invested in the [...]

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    Deep Sea Mining: Diving into the Unknown

    Deep Sea Mining: Diving into the Unknown

    As the world’s population sores and land-based ore bodies and ore grades are slowly depleted, the mining industry is searching for new sources and methods for cost effectively extracting minerals. And as the earth’s final frontier, the ocean floor has yet to be fully explored for mineral deposits. Deep sea mining is garnering interest from [...]