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On the other hand, Central government regulates the development of minerals under the Mines and Minerals (Regulation) Act of 1957. The MMTC has its origins in the 1950s, when the Indian government , with the interest of boosting agricultural and industrial development, determined to earn valuable foreign currency through the export of canalized ...
In 1979, Gemstones Corporation of Pakistan was established to develop the gemstones sector in Pakistan, however in 1997 the corporation liquidated. [3] Now a number of organizations are working in this sector including All Pakistan Commercial Exporters Association of Rough & Unpolished Precious and Semi Precious Stones (APCEA) and Pakistan Gems and Jewellery Development Company (PGJDC).
A 2017 stamp dedicated to the 60th anniversary of the National Mineral Development Corporation. In Australia, Legacy Iron Ore, a majority-owned NMDC company, holds majority stakes in gold and iron ore projects in Western Australia. [15] In 2023, NMDC started exploring for Lithium reserves in the company's, majority owned, Mount Bevan mine in ...
Norway just loosened China’s stranglehold on rare minerals critical to the global economy—and it’s a huge win for Europe and the U.S. Paolo Confino June 11, 2024 at 2:25 PM
Minerals and Metals Group (MMG) was formed after its parent company, China Minmetals, bought almost all mining assets of OZ Minerals in June 2009. [12] The deal in which the Golden Grove, Sepon, Century, Rosebery, Avebury, Dugald River, High Lake and Izok Lake Mines as well as some exploration assets were sold for US$1.354 billion by OZ Minerals to China Minmetals, [13] initially also ...
On July 29, 2010, Molycorp, Inc., a newly established parent company of Molycorp Minerals LLC, became a publicly traded firm by selling 28,125,000 shares at $14 in its IPO. The shares were traded under the ticker symbol MCP on the NYSE. In April 2011, Molycorp bought 90% stake in a rare metals processing company Silmet in Estonia for US$89 ...
Stock in the company had peaked in 2011 at over $2.00 a share but plummeted to $0.30 in 2012 after the loss of Malku Khota. [ 6 ] [ 7 ] The company sought US$385.7 million in compensation but the Permanent Court of Arbitration only, eventually, awarded them US$18.7 million plus interest, [ 8 ] though the two parties settled for US$25.7 million ...
Thus an indication of these minerals being short in supply and allocated their title as 'rare' earth minerals. [4] Many rare-earth minerals include rare-earth elements which thus hold the same significant purpose of rare-earth minerals. [5] Earth's rare minerals have a wide range of purposes, including defense technologies and day-to-day uses. [6]