Conflict Minerals Rule Still Facing Challenges

Conflict Minerals Rule Still Facing Challenges

Chair Mary Jo White revealed Tuesday that the SEC has spent a whopping $2.75 million to write, implement and defend itself against legal challenges related to the conflict minerals rule.

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Company News

Houston Lake Mining Increases Strike Length at Pak by 50 Percent

Houston Lake Mining (TSXV:HLM) recently conducted a 9 hole phase II drill program at its PAK rare mentals (lithium, tantalum, rubidium and cesium) project in Ontario. Drilling extended the strike length of the deposit by 56 meters.

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Market News

Tantalum Plays Its Part for Research Into the Nature of Stars

Business in Vancouver reported that TRIUMF, Canada’s national laboratory for particle and nuclear physics, has just completed a new, advanced rare-isotope laboratory called ARIEL including a state-of-the-art electron linear accelerator. Electrons in the accelerator are direct on targets made of beryllium, tantalum and other materials, and the results isotopes are sent off for experimentation.

Mining in Ethiopia Could Be a $5 Billion Industry

According to a report from Ventures Africa, Ethiopia could be sitting on a rather large economic opportunity. A 2013 study indicated that the mining sector - including tantalum deposits in that country - could be worth as much as $5 billion.

iPhone 6, Other Devices Boost Semiconductor ETF Interest

ETF Trends reported that the announcement of new devices like Apple Inc.'s (NASDAQ:AAPL) iPhone 6 is increasing demand for semiconductors, and, as a result, for semiconductor exchange-traded funds (ETFs).

Rwandan Tantalum Income Drops on Weaker Prices

Rwanda has experienced a decrease of roughly one fifth in mineral exports due to decreased tantalum prices. The country played an important role in global tantalum production in 2012, according to Bloomberg.

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