Gippsland is working on developing its Abu Dabbab tantalum project in Egypt. While Abu Dabbab could potentially supply 25 percent of global tantalum supply, it is rarely mentioned in the tantalum space.
The next generation of Canadian tantalum mines is in the pipeline.
A brief overview of tantalum price developments, supply and demand and significant market movers.
Authorities are taking action to address tantalum theft in Dar es Salaam, a key shipping hub for tantalum from Central Africa.
Solid Resources Ltd. (TSXV:SRW,OTCQX:SLDRF,FWB:YRS) applied to extend the expiry date of 10,000,000 common share purchase warrants that were issued as part of a non-brokered private placement. Currently, the warrants are exercisable for common shares of Solid at a price of $0.15 per share and will expire at 4:30 pm, Calgary, Alberta time on July 15, 2013.
Solid Resources Ltd. (TSXV:SRW,OTCQX:SLDRF,FWB:YRS) announced results from its Annual General Meeting held on May 30, 2013. All of the resolutions proposed to the shareholders were duly passed, including re-election for five directors, and re-appointment of K.R. Margetson Ltd., Chartered Accountants as auditor.
Solid Resources (TSXV:SRW) was featured in The Financial Press: "Solid Resources Buoyant on Spain economy".
Mining Weekly reported that Critical Elements’ flagship project will begin its first production at least a year from its original production date as it prioritizes securing a deal with an offtake partner. The Rose project PEA estimated a total of 3.5 million pounds of tantalum pentoxide over the mine’s lifespan of 17 years.
The Washington Post reported that armed groups and high-ranking officials in Congolese and Burundian armies are continuing to benefit from illegal mineral trade in Eastern Congo.
Mining Weekly reported that Mozambique is expected to generate revenues close to $680 million from its resources such as gas, coal, and a wide range of minerals and metals including tantalum, according to an IMF technical team.
Reuters reported that Noventa Ltd said the production of tantalum pentoxide remains at low levels and its redundancy program will affect about 50% of its staff.
Bloomberg reported that South Korea is leading the first geological study of the Amazon rainforest’s rare metals, particularly tantalum, to secure supplies for smartphone production by Samsung Electronics Company Ltd. (KRX:005930) and LG Display Company Ltd. (NYSE:LPL).