Latest news with #REE
New Straits Times
4 days ago
- Business
- New Straits Times
Govt identifies sites with rare earth mining potential
KUALA LUMPUR: An estimated 144,220 hectares of land outside permanent forest reserves (PFR) have the potential to be developed into rare earth element (REE) mines. Acting Natural Resources and Environmental Sustainability Minister Datuk Seri Johari Abdul Ghani said this is based on a review by the Minerals and Geoscience Department (JMG). "Based on studies under the 11th Malaysia Plan, the JMG identified inferred REE resources amounting to 16.1 million metric tonnes. "However, further studies are still needed to determine the quantity of measured resources and eventually, mineable reserves. "A further review by JMG estimated approximately 144,220 hectares of land outside PFR as having potential to be developed into REE mines, subject to further assessment and relevant approvals," he said in a written parliamentary reply. He added that the REE industry must be developed across the entire value chain, encompassing upstream, midstream, and downstream levels in line with the policy framework outlined in the National Mineral Policy 3 in a responsible and sustainable manner. He said to ensure REE mining operations are conducted safely, sustainably, and responsibly, JMG, as the main technical agency will regulate mining activities through the enforcement of the Mineral Development Act 1994, including pollution control and operational safety monitoring on a periodic basis. "Taking Perak as a regulatory model, this oversight is further strengthened by the establishment of the Perak State REE Mining Technical Regulatory Committee, which involves collaboration from 10 technical agencies at both the federal and state levels," he said. He added that the ministry has also appointed the Forest Research Institute Malaysia (FRIM) to conduct an environmental impact assessment study on REE mining on forest ecosystems. This includes preliminary studies conducted at the REE mining project in Mukim Kenering, Perak, where REE extraction takes place on a rubber plantation. "In terms of technology, the current REE mining project in Mukim Kenering, Gerik, Perak, is being carried out using in-situ leaching (ISL) methods in collaboration with Chinese technology partners. "However, it is the ministry's policy to encourage the development of local expertise, particularly in the upstream and midstream sectors, through structured and progressive technology-sharing initiatives. "The government is committed to ensuring that the development of this industry strikes a balance between economic potential and public concerns including pollution risks, water source safety, public health, and local technological capacity," he said. Johari said the government would continue efforts through collaboration and partnerships with various stakeholders to ensure the development of Malaysia's REE industry achieves the goals of economic prosperity, societal well-being, and environmental sustainability. He was responding to Datuk Seri Wee Ka Siong (BN-Ayer Hitam) who asked the ministry's position on REE, findings of studies that led to the ministry's decision to encourage REE mining activities, and how the ministry is balancing public concerns regarding pollution risks, technological limitations, water source safety, and public health in the interest of the public.
Time of India
4 days ago
- Business
- Time of India
Rare earth elements found in Singrauli coalfields; extraction viability under study
Coal and Mines Minister G Kishan Reddy on Monday informed Parliament that promising reserves of rare earth elements (REE) have been discovered in the Singrauli coalfields of Madhya Pradesh, following detailed research and appraisal by Coal India Ltd (CIL). REEs — including elements like scandium and yttrium — are essential components in clean energy systems, electronics, electric vehicles and other critical industrial technologies. "Results from appraisal of Gondwana sediments (coal, clay, shale, sandstone) for trace elements and REE concentration in the Singrauli coalfield indicate that REE are 'promising' in nature, with an enrichment of 250 ppm on a whole coal basis in coal samples and 400 ppm in non-coal samples," Reddy stated in a written reply in the Rajya Sabha, as quoted PTI. However, he added that commercial extraction would depend on technological advances and economies of scale. Assessment from the North Eastern Region coalfields showed that while total REE presence is low, the content of heavy REEs is relatively higher. Reddy also said that indigenous technology development is underway to extract critical minerals — including REEs — from the overburden strata of these coalfields. The project aims to develop enrichment techniques using physical separations and ion-exchange resin-based extraction from non-coal strata and acid mine drainage. To support this initiative, the Singareni Collieries Company Limited (SCCL) has signed memorandums of understanding (MoUs) with the Institute of Minerals and Materials Technology (IMMT), Bhubaneswar; the Non-Ferrous Materials Technology Development Centre (NFTDC), Hyderabad; and IIT Hyderabad, Reddy said.
Time of India
4 days ago
- Business
- Time of India
Rare earth elements found in Singrauli coalfields; extraction viability under study, Coal minister G Kishan Reddy tells Parliament
Coal and Mines Minister G Kishan Reddy on Monday informed Parliament that promising reserves of rare earth elements (REE) have been discovered in the Singrauli coalfields of Madhya Pradesh, following detailed research and appraisal by Coal India Ltd (CIL). REEs — including elements like scandium and yttrium — are essential components in clean energy systems, electronics, electric vehicles and other critical industrial technologies. "Results from appraisal of Gondwana sediments (coal, clay, shale, sandstone) for trace elements and REE concentration in the Singrauli coalfield indicate that REE are 'promising' in nature, with an enrichment of 250 ppm on a whole coal basis in coal samples and 400 ppm in non-coal samples," Reddy stated in a written reply in the Rajya Sabha, as quoted PTI. However, he added that commercial extraction would depend on technological advances and economies of scale. Assessment from the North Eastern Region coalfields showed that while total REE presence is low, the content of heavy REEs is relatively higher. Reddy also said that indigenous technology development is underway to extract critical minerals — including REEs — from the overburden strata of these coalfields. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Is this legal? Access all TV channels without a subscription! Techno Mag Learn More Undo The project aims to develop enrichment techniques using physical separations and ion-exchange resin-based extraction from non-coal strata and acid mine drainage. To support this initiative, the Singareni Collieries Company Limited (SCCL) has signed memorandums of understanding (MoUs) with the Institute of Minerals and Materials Technology (IMMT), Bhubaneswar; the Non-Ferrous Materials Technology Development Centre (NFTDC), Hyderabad; and IIT Hyderabad, Reddy said. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
Reuters
23-07-2025
- Business
- Reuters
Iberdrola expects no financial impact from potential blackout claims
MADRID, July 23 (Reuters) - Iberdrola ( opens new tab does not expect any financial impact from potential compensation claims in relation to the blackout that hit Spain and Portugal on April 28, Spain's biggest power utility said as it reported half-year results on Wednesday. Redeia-owned ( opens new tab grid operator REE has accepted that the outage was triggered by a surge in voltage but has traded blame with power utilities for the blackout, which caused massive gridlock in cities and left thousands stranded on trains and in elevators across the Iberian peninsula. Internal and external experts analysed the event and concluded that companies within the Iberdrola group were not the cause of the blackout, "nor did they contribute in any way to the occurrence", the company said. Its power and distribution assets contributed effectively to the restoration of electricity supply, the company added. While denying any liability for the power outage, Iberdrola said that any potential claims would be covered by civil liability insurance policies. The group has yet to receive any legal claims related to the blackout. However, Iberdrola did report that the blackout contributed to a one-off hit of 135 million euros ($158 million) in the first half of the year, citing higher costs of services that help to maintain grid stability. The company also reported a 25 million euro charge in Portugal for similar reasons. ($1 = 0.8527 euros)
Yahoo
19-07-2025
- Business
- Yahoo
VIB provides $62m financing for REE's Duyen Hai wind project in Vietnam
Vietnam International Bank (VIB) has finalised a VND1,640bn ($62.68m) credit facility agreement with Duyen Hai Wind Power Joint Stock Company (JSC) to support the construction of the 48MW Duyen Hai wind power plant in Vinh Long province, Vietnam. Duyen Hai Wind Power JSC is a subsidiary of the Refrigeration Electrical Engineering Corporation (REE). The wind power plant will be situated across the communities of Dong Hai, Long Thanh and Ngu Lac and will commence operations by December 2025. It will supply clean energy to Vietnam's national grid while stimulating local economic development. The project will enhance renewable energy and sustainable development in the Mekong Delta region, which is highly susceptible to climate change impacts. REE deputy CEO Nguyen Ngoc Thai Binh stated: 'We highly value VIB's partnership – a leading financial institution in Vietnam with strong execution capabilities, deep industry insight, and the ability to tailor solutions to the unique nature of each project. 'Along with REE's expansion of its footprint in the renewable energy sector, having a reliable financial partner like VIB is a key factor in realising our strategy to green our energy portfolio in the years ahead.' The Duyen Hai wind power plant is aligned with REE's strategic plan to grow its renewable energy footprint. The company has developed more than 2,800MW of generation capacity, with almost 1,700MW from renewable sources such as wind, solar and hydropower. REE plans to achieve 5GW of total generation capacity by 2035. VIB has played an integral role as lead financier of the project by offering early-stage advisory services on loan structuring and creating a disbursement schedule customised for the renewable venture's unique needs. VIB corporate banking deputy CEO and head Nguyen Xuan Dung stated: 'This collaboration with Duyen Hai Wind Power and REE further demonstrates VIB's commitment to swift execution, practical support, and long-term, responsible partnership with pioneering enterprises like REE – companies that create long-lasting value for society through sustainable development projects.' "VIB provides $62m financing for REE's Duyen Hai wind project in Vietnam" was originally created and published by Power Technology, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
