Tantalum
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.
Matamec Explorations Inc (TSXV:MAT), a tantalum exploration company, announced that the drilling results from its Zeus property show significant high grade rare earth potential.
AMG Advanced Metallurgical Group NV (AMS:AMG), a tantalum producer, announced the appointment of Ms. Amy Ard as the company’s Chief Financial Officer effective May 13, 2013.
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.
Kemet Corporation (NYSE:KEM) announced its new high temperature MnO2 series tantalum capacitors which offers optimum performance with operating temperatures of as high as 200 degrees Celsius.
MDN Inc (TSX:MDN) announced its financial report for the year ended December 31,2012 which showed positive developments for the Crevier project because of higher tantalum prices and demand.
Matamec Explorations Inc (TSXV:MAT, OTCQX:MHREF), a junior mining company which explores tantalum and other rare earths, has announced that its Japanese partner company, Toyotsu Rare Earth Canada, has issued $1.041M CDN as part of its agreement to supply heavy rare earth to Toyota, through its Kipawa mine. The company has also issued an update on the project, saying the metallurgical development has progressed significantly.
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.
