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.
Tantalum Market News Directory
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).
Mining Weekly reported that exploration company, MDN, has began “reorganizing” the exploration activities and plans for its Crevier niobium/tantalum project in Quebec due to its restricted access to funds.
BusinessWeek reported business groups have joined together to sue the Securities and Exchange Commission in the U.S. regarding the Dodd-Frank ruling which states companies must make reasonable efforts to ensure tantalum and other conflict minerals are not from war-torn regions.
Mining Weekly reported Critical Elements (TSXV:CRE) nears completion of a definitive feasibility study and construction of a mine at its Rose lithium/tantalum project.
Reuters reported AVX Corporation (NYSE:AVX) has agreed to purchase the tantalum division of Nichicon Corporation for approximately $86 million.
Seeking Alpha reported on Molycorp Inc. (NYSE:MCP) looks like a good buy after a sell off.
Reuters reported a new study from Chatham House says the implementation of the Dodd-Frank Act may endanger livelihoods in the Democratic Republic of Congo.