Rebounding steel markets in India and China, Chilean labour conditions, Australian mining taxes and African mining reclamation developments combined for a very interesting week for resource investors. All of the six main metals traded on the LME retreated as fears that the European bailout would only provide a band-aid fix permeated the global markets, with nickel suffering the biggest loss.
Rare Earth – Quantum Rare Earth Developments Corp. [TSX VENTURE: QRE][PINK SHEETS: QREDF][FRANKFURT: BR3] announces it has acquired the Elk Creek Carbonatite, one of the largest known carbonatites in North America, through the acquisition of Elk Creek Resources Corp., a private Nebraskan corporation which, through a series of agreements, owns an option to acquire the mineral rights to the project.
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