Rio Tinto’s iron and titanium subsidiary has abandoned plans to build a $4-billion plant in Becancour, Que., that would have created up to 400 jobs.
The decision comes amid a collapse of titanium prices and follows the replacement of the global mining giant’s chief executive. Read more
By Yuliya Fedorinova
OAO VSMPO-Avisma Corp. (VSMO), the largest titanium producer, signed a memorandum of understanding with Vietnam National Coal-Mineral Industries to develop output in the Southeast Asian nation.
The companies are interested in setting up a joint venture to make titanium products, VSMPO-Avisma said in a statement on its website today. Read more
By Dorothy Kosich
Geology geeks and Trekkies throughout Planet Earth can rejoice-panguite, the world’s newest and perhaps one of its oldest minerals-announced Tuesday by the International Mineralogical Association’s Commission on New Minerals, Nomenclature and Classification, can trace its origins to before the birth of our solar system.
Four decades after a fireball exploded, scattering thousands of pieces of the Allende Meteorite across Mexico’s State of Chihuahua, Read more
Energy. It is one of the defining issues of our time.
The vanadium redox battery—with its ultra long life and vast capacity to hold power—is the key to our future energy storage requirements primarily in the solar and wind turbine sectors. Read more
By David Clarke
Australia’s Base Resources Ltd said on Monday it expected the first shipment of products from its Kenyan titanium mining project by mid-2013.
The project near the east Africa nation’s port city of Mombasa is scheduled to begin in September after lengthy delays due to demonstrations by environmental groups, disputes with farmers over land compensation and talks with the government. Read more
Rio Tinto Fer et Titane (RTFT) is planning to extend the life of its Lac Tio ilmenite mine in Havre Saint Pierre to 2050 and modernize its metallurgical complex at Sorel-Tracy. Mining will expand to seven days a week from five, creating 70 new jobs. Projects at the metallurgical complex will improve efficiency and boost environmental performance, including a 60% reduction in sulphur dioxide emissions.
RTFT says the changes carry a price tag of $800 million, to be spent over the next five years. Read more
www.argex.ca • 1.877.414.7719
President & CEO
Argex Mining (TSXV: RGX) is arguably the only serious junior player in the titanium sector in North America. The company’s La Blache project in mine friendly Quebec has huge historic resources potentially worth billions and a proprietary method of extracting not just the TiO2, but also vanadium and iron. With a Preliminary Economic Assessment on the horizon and a pilot plant almost complete, the company’s CEO, Michael Dehn, is pumped about the year ahead.
Argex Mining (TSXV: RGX) is arguably the only serious junior player in the titanium sector in North America. The company’s La Blache project in mine-friendly Quebec has huge historic resources potentially worth billions and uses a proprietary method of extracting not just the TiO2, but also vanadium and iron. The company is expected to produce about 600,000 tonnes of TiO2 per year at full production, which will be close to 20% of the world’s production. Read more