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 (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.
KEMET Corporation (NYYSE:KEM), a manufacturer of tantalum products, announced that it has expanded its tantalum T513 COTS MnO2 series with an industry leading 35v rated product.
AMG Advanced Metallurgical Group NV (AMS:AMG) announced that it has updated its tantalum resource estimates for its Volte Grande mine in accordance to the National Instrument 43-101 guidelines.
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).