2013 Top 8 Tantalum-producing Countries

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

Iberian Minerals and Glencore Subsidiary Enter Into Joint Venture

Iberian Minerals and Glencore Subsidiary Enter Into Joint Venture

Iberian Minerals Ltd. (TSXV:IML), formerly Solid Resources Ltd., signed a definitive and exclusive Joint Venture Agreement with a wholly owned subsidiary of Glencore plc for the Cehegin Iron Ore Project in Cehegin, Province of Murcia, south-eastern Spain.

Solid Resources Announces Name Change to Iberian Minerals

Solid Resources Announces Name Change to Iberian Minerals

Solid Resources Ltd. (TSXV:SRW) has changed its name to Iberian Minerals Ltd. to better reflect its focus and commitment on the development of mineral assets in Spain. The common shares of the company will commence trading under the new name on the TSX Venture Exchange and trading symbol "IML" at market open on Friday, June 13, 2014.

Solid Resources Welcomes Bill Hooley to Board of Directors

Solid Resources Welcomes Bill Hooley to Board of Directors

Solid Resources Ltd. (TSXV:SRW) has appointed Bill Hooley as a non-executive member of the Board of Directors. Mr. Hooley will be replacing Harry McKinders, who is standing down to facilitate Mr. Hooley's appointment. Mr. McKinders has been a director of Solid Resources since 1998.

Intel, Apple Shine in Conflict Minerals Reporting

Bloomberg reported that while many companies have failed to adequately examine if they source minerals from the Democratic Republic of the Congo, Intel Corp. (NASDAQ:INTC) and Apple Inc. (NASDAQ:AAPL) are two exceptions.

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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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