Industrial Minerals


IM Global Rare Earth Roundup: 31 December - 6 January

06 January 2012


Stans submits licences for Kyrgyzstan mine; bullish share forecast for Molycorp

Keywords: rare earths, Stans Energy, Molycorp, Ram Resources, space mining

By John Ollett

Stans Energy
Corp. has submitted documentation for the licensing requirements to the Kyrgyz government for its Kutessay II heavy rare earth deposit and the Kalesay beryllium deposit.

The Canada-based group is aiming to restart production of heavy rare earths in Kyrgyzstan during 2012 as refurbishes the Kashka processing complex.

The work done to date will allow Stans to proceed with the plans for Phase I development to restart mining operations at the historical Soviet levels of production.  Phase II is also being planned which will ramp up mine production to 1m...