TORONTO, Aug 11 (Reuters) – Molycorp (MCP.N: Quote, Profile, Research, Stock Buzz) rose to a
profit on Thursday as the company, which is modernizing its
Mountain Pass mine in California, sold more rare earth products
at higher prices, a trend it expects to continue.

Molycorp chief executive Mark Smith told Reuters that he
believes rare earth prices will stay strong in 2011, despite
recent reports of lower prices for certain of the metals and
declining demand out of Japan.

TORONTO, Aug 9 (Reuters) – Shares of Thompson Creek Metals
(TCM.TO: Quote, Profile, Research, Stock Buzz) climbed off a year low on Tuesday after the molybdenum
miner backed its full-year production outlook and broader
market fears of a double-dip recession calmed.

Shares closed at a year-low of C$6.94 on Monday ahead of
the company’s results. Later it posted a lower quarterly profit
and warned that output at its flagship Thompson Creek mine
would slip in the second half of the year as it produced a
lower-grade ore. [ID:nL3E7J83JC]

TORONTO, Aug 4 (Reuters) – Cameco Corp (CCO.TO: Quote, Profile, Research, Stock Buzz), Canada’s
largest uranium producer, reported a 23 percent drop in second-
quarter profit on Thursday as sales volumes declined, and it
lowered its industry outlook in the wake of Japan’s nuclear
crisis.

Cameco revised its supply-demand outlook to take into
account Germany’s decision to move away from nuclear in the
aftermath of the nuclear disaster at the Fukushima Daiichi
power plant, and the current state of Japan’s reactor fleet.

TORONTO (Reuters) – Irish rockers U2 and American grunge band Pearl Jam will have the Toronto International Film Festival rocking this year, while George Clooney and Brad Pitt bring some A-List star power to the event that helps launch Hollywood’s Oscar season.

The festival will open on September 8 with the world premiere of “From the Sky Down” by Davis Guggenheim, who directed the Oscar-winning documentary “An Inconvenient Truth”, the first time in the event’s 36-year history that a documentary has been the debut night movie.

TORONTO (Reuters) – An underwater bonanza of rare earth deposits discovered by Japanese scientists poses little threat to miners already developing major rare earth projects on solid ground.

Companies such as Molycorp (MCP.N: Quote, Profile, Research), Lynas (LYC.AX: Quote, Profile, Research) and Avalon Rare Metals (AVL.TO: Quote, Profile, Research) may rest assured that developing the offshore bounty could take decades and cost billions, making it little more than a pipe dream, analysts say.

TORONTO (Reuters) – An underwater bonanza of rare earth deposits discovered by Japanese scientists poses little threat to miners already developing major rare earth projects on solid ground.

Companies such as Molycorp, Lynas and Avalon Rare Metals may rest assured that developing the offshore bounty could take decades and cost billions, making it little more than a pipe dream, analysts say.

TORONTO/VANCOUVER (Reuters) – The Canadian government is selling the nuclear reactor division of AECL to SNC-Lavalin Group, ending the flood of money it has pumped into the loss-making unit over the past six decades.

In a long-awaited announcement, the two parties said on Wednesday SNC-Lavalin will pay state-owned Atomic Energy of Canada (AECL) C$15 million ($15.4 million) plus royalties for the unit, which designs and builds nuclear reactors for generating electricity.

TORONTO/BANGALORE (Reuters) – Zinc producers are betting on higher prices in coming years, bringing a possible round of consolidation as miners jockey to reap the benefits.

Even though experts predict a surplus of zinc this year, they expect prices to rise within the next two years, and refiners, mid-sized miners and major producers are already looking for juniors to snap up.

TORONTO/BANGALORE, June 28 (Reuters) – Zinc producers are
betting on higher prices in coming years, bringing a possible
round of consolidation as miners jockey to reap the benefits.

Even though experts predict a surplus of zinc this year,
they expect prices to rise within the next two years, and
refiners, mid-sized miners and major producers are already
looking for juniors to snap up.