Chinese offtake for Hastings rare earths

Hastings Technology Metals has signed a Memorandum of Understanding with Baotou Sky Rock Rare Earth New Material Co Ltd for future supply of mixed rare earth carbonate (MREC) from Hastings’ Yangibana project in Western Australia.

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Exploration at Omu project progresses

Irving Resources advises that exploration at its Omu Gold Project in Hokkaido, Japan, has progressed as planned despite an abnormally wet summer. Work is being undertaken by Mitsui Mineral Development Engineering Co Ltd (MINDECO) under the supervision of Irving personnel.

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Monument and Intec agreement varied

Monument Mining has signed a Deed of Variation Agreement with Intec International Projects to the January 2015 Heads of Agreement (HOA) to exploit the Intec Technology for their sulphide copper process. Monument is assessing utilising the technology at the Mengapur project in Malaysia.

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Freeport to divest Grasberg majority stake

Indonesia and Freeport-McMoRan have reached a deal which will enable Freeport to keep operating its giant Grasberg copper mine in Indonesia’s Papua province. The deal was reached this week after the US company agreed to sell a majority stake in the operation to Indonesia.

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