Pilbara Minerals: Full Steam Ahead with Australian Tantalum Projects

Pilbara Minerals: Full Steam Ahead with Australian Tantalum Projects

Following today's news, Pilbara Minerals is one step closer to producing tantalum in Western Australia's Pilbara region. The company acquired a new tantalum-lithium project on Monday, and announced today that it intends to commence two major drill programs this quarter.

2013 Top 8 Tantalum-producing Countries

Tantalum has been booted from a European Union list of critical raw materials because it's now thought to have "a lower supply risk." Here's a look at exactly how much of the metal was produced in 2013.

Many Companies Unlikely to Meet SEC Conflict Minerals Deadline: PwC

Just weeks remain before companies registered with the US Securities and Exchange Commission must disclose whether they are receiving tantalum, tungsten, tin and gold from the Democratic Republic of the Congo — and, if so, whether they are getting those minerals from conflict-free sources.

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Company News

Critical Elements Sees Positive Results from End-User Testing

Critical Elements Corporation (TSXV:CRE,OTCQX:CRECF,FWB,F12) reported that samples of its low-iron lithium concentrate sent to end-users for testing in May have all been tested positively. Samples were sent to multiple end users including ceramic and glass manufacturers.

Iberian Minerals to Undertake Convertible Debenture Financing

Iberian Minerals to Undertake Convertible Debenture Financing

Iberian Minerals (TSXV:IML) has announced a non-brokered private placement of convertible debentures. The placement will be in the principal amount of C$350,000, with the debentures maturing on July 31 2015 and bearing interest at the rate of 15 percent per annum.

Pilbara Minerals to Commence Drill Programs at Tantalum, Lithium Projects

Pilbara Minerals Ltd. (ASX:PLS) announced that it will begin major drilling programs at its flagship Tabba Tabba tantalum project and its newly acquired Pilgangoora tantalum-lithium project. Both projects are located in Western Australia's Pilbara region.

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Market News

Critics Disappointed by Conflict Minerals Reporting

Reuters reported that only 5 percent of companies that filed their conflict minerals reports with the US Securities and Exchange Commission on June 2 "traced the conflict status of the minerals used in their products."

Companies Still Unsure if They’re Using Conflict Minerals

Bloomberg reported that many companies filing their conflict minerals reports with the US Securities and Exchange Commission are choosing to take "advantage of a provision that allows them to say they don’t know where the metals originated."

Low Tantalite Prices to Hurt Rwanda’s Mining Industry

Reuters reported that Rwanda's mining industry is likely to record lower earnings this year even though production is expected to be higher. That's because metals prices are much lower than they were last year.

Is Supply Chain Transparency Impossible?

Forbes contributor Tim Worstall said in a recent article that the Behind the Barcode campaign, which is part of the larger corporate social responsibility movement, is using a "profoundly anti-market" method to achieve its goals.

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