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Lithium News

Indian State-owned firms mandated to acquire overseas lithium and cobalt assets

By: Ajoy K Das     22nd June 2018 The Indian government has mandated all State-owned mineral-based companies to pool their resources to acquire lithium and cobalt assets overseas. A rough deadline of March 2019 has been set for these companies to complete all formalities, such as leveraging their balance sheets jointly, form... 

Lithium Americas sees strong potential for US project

By: Mariaan Webb     22nd June 2018 Dual-listed Lithium Americas will rapidly develop its large-scale lithium project in northern Nevada, as it moves to become the leading source of lithium production in the US, the company said on Thursday, announcing the outcomes of a preliminary feasibility study (PFS) for the Thacker Pass... 

Lithium Americas sees strong potential for US project

China continues to encourage foreign mining investment

By: Rebecca Campbell     22nd June 2018 In early April the People’s Republic of China established a new Ministry, that of Natural Resources (MNR). The creation of the new Ministry was part of a programme to restructure the country’s State Council (Cabinet). The MNR took over all the responsibilities of the previous (and now... 

China continues to encourage foreign mining investment

Exploration delivering results for Kodal at Mali prospect

By: Nadine James     21st June 2018 Aim-listed exploration company Kodal Minerals has discovered high-grade mineralisation intersections following the drilling of an additional 19 drill holes during follow-up and extension drilling at the Sogola-Baoule prospect, in Mali. The intersections had minimum 5 m width, and results were... 

Pilgangoora produces first lithium fines concentrates

By: Esmarie Swanepoel     21st June 2018 ASX-listed Pilbara Minerals has produced its first concentrates at the Pilgangoora lithium/tantalum project, in Western Australia. MD Ken Brinsden said on Thursday that the production of initial fines concentrates was a significant and exciting milestone, coming just a week after the... 

Red 5 divests of Mt Cattlin royalty

By: Esmarie Swanepoel     18th June 2018 ASX-listed junior Red 5 has entered into an agreement to divest of its royalty entitlement from the Mt Cattlin lithium mine, in Western Australia, to Canadian royalty company Lithium Royalty Corporation (LRC). Red 5 owns the right to receive A$1.50/t of ore processed from the Mt Cattlin mine,... 

Pilgangoora ships first lithium DSO

By: Esmarie Swanepoel     18th June 2018 The first 85 000 t of direct shipping ore (DSO) from the Pilgangoora lithium/tantalum project, in Western Australia, has been shipped by ASX-listed Atlas Iron under a mine gate sales agreement with producer Pilbara Minerals. The lithium was exported to China under an offtake agreement under... 

Chile anti-trust regulator to probe Tianqi purchase of SQM stake

By: Reuters     16th June 2018 Chile's anti-trust regulator FNE said on Friday it would open an investigation into the effects on the market of China's Tianqi purchase last month of a 24% stake in SQM, one of the world's top lithium producers. Chile's government under former President Michelle Bachelet in March filed a... 

DFS opens door for Keliber to advance Finland lithium project

By: Creamer Media Reporter      15th June 2018 Exploration and development firm Keliber has published the results of a definitive feasibility study (DFS) for its lithium project, in Finland, confirming its financial and technical feasibility. The DFS endows the lithium project with a net present value, using an 8% discount, of €295-million,... 

DFS opens door for Keliber to advance Finland lithium project

Albemarle receives approval for WA lithium plant

By: Esmarie Swanepoel     15th June 2018 The Western Australian Environmental Protection Authority (EPA) has approved the development of a lithium hydroxide manufacturing plant, outside of Bunbury. The plant, to be developed by global producer Albemarle, will produce up to 100 000 t/y of lithium hydroxide monohydrate from five 20 000... 

Hawkstone abandons US lithium buy

By: Esmarie Swanepoel     15th June 2018 The Australian share price of Hawkstone Mining dropped by more than 22% on Friday after the company announced its withdrawal from its acquisition of USA Lithium. Hawkstone in March this year took an option over USA Lithium, which holds the Big Sandy and Lordsburg lithium projects, in Arizona and... 

Piedmont delivers Carolina belt’s first lithium resource estimate in over 30 years

By: Mariaan Webb     14th June 2018 Australia-listed junior Piedmont Lithium has competed the first resource estimate in more than 30 years in the historic Carolina tin/spodumene belt, in the US, which was home to most of the world’s lithium production and processing between the 1950s and 1980s. The estimate for its Core property,... 

Piedmont delivers Carolina belt’s first lithium resource estimate in over 30 years

Savannah reports positive economics for Portugal lithium mine

By: Mariaan Webb     14th June 2018 Aim-listed explorer Savannah Resources has reported strong economic indicators for its Mina do Barroso lithium project, in northern Portugal, sending the company’s stock up 14% on Thursday. The study is considered a base case for the project and calculated a pre-tax net present value, applying... 

Savannah reports positive economics for Portugal lithium mine
Drilling at the Mina do Barroso project, in northern Portugal.

Pilgangoora concentrator starts commissioning

By: Esmarie Swanepoel     13th June 2018 Lithium developer Pilbara Minerals has started commissioning of the concentrator at its Pilgangoora lithium/tantalum project, in Western Australia. First ore will be introduced to the fines production concentrate circuit with the coarse production circuit following in the coming weeks. 

Global Geoscience raises A$53m for Nevada project

By: Esmarie Swanepoel     13th June 2018 ASX-listed Global Geoscience was hoping to raise A$53-million through a fully underwritten institutional share placement to fully fund its Rhyolite Ridge lithium-boron project, in the US, through to a mine development decision in late 2019. The company said on Wednesday that it will place... 

South Africa’s ‘Samcodes way’ a world-beater – Mullins

By: Martin Creamer     12th June 2018 South Africa has succeeded in creating a meticulous set of mineral reporting codes that continue to gain international recognition. The South African Mineral Reporting Codes (Samcodes), which protect investors, are currently so highly regarded that in October South Africa will host a large... 

South Africa’s ‘Samcodes way’ a world-beater – Mullins
Photo by Dylan Slater
Samcodes standards committee chairperson Matt Mullins (left) and Mining Weekly Online's Martin Creamer

Chile creates committee to oversee lithium contracts

By: Reuters     12th June 2018 Chile's government said on Monday it was creating a committee to supervise lithium contracts the state has with local miner SQM and US-based Albemarle Corp, deals that are key to positioning the country as a top producer of the white metal. The committee will aim to ensure concession agreements... 

Tawana/Alliance merger powers ahead

By: Esmarie Swanepoel     12th June 2018 The merger between ASX-listed Tawana Resources and Singapore-listed Alliance Mineral Assets has been given the green light by both the Singapore Exchange and the Australian Foreign Investment Review Board. The two companies in April announced their merger intentions to create a midtier lithium... 

Kodal to raise £1.5m for Bougouni’s development

By: Simone Liedtke     11th June 2018 West Africa-focused Kodal Minerals has conditionally raised £1.5-million, before expenses, by way of a subscription and placing of 1.1-billion ordinary shares at a price of 0.13p a share. The net proceeds from the fundraising will be used to further the exploration and development programme at... 

Mustang Minerals changes name to Grid Metals

By: Nadine James     8th June 2018 Mustang Minerals has changed its name to Grid Metals. Grid will begin trading on the TSX-V under the symbol GRDM effective June 8. 

Infinity expands plans for Spanish project

By: Esmarie Swanepoel     8th June 2018 A technical option study at the San Jose lithium project, in Spain, has found that the project was amenable to produce battery-grade lithium hydroxide, in addition to the battery grade lithium carbonate already planned. ASX-listed Infinity Lithium said on Friday that the study was conducted in... 

Lithium price may soften this year on ‘slight oversupply’ but EVs driving future optimism 

By: Henry Lazenby     8th June 2018 The lithium price might be in for a rough ride this year, as a supply response might overshoot what the market actually needs, London-based pricing intelligence firm Metal Bulletin’s head of research William Adams tells Mining Weekly in an interview. “We see a slight lithium surplus coming this... 

Lithium price may soften this year on ‘slight oversupply’ but EVs driving future optimism

Lithium price may soften this year on ‘slight oversupply’ but EVs driving future optimism

By: Henry Lazenby     8th June 2018 The lithium price might be in for a rough ride this year, as a supply response might overshoot what the market actually needs, London-based pricing intelligence firm Metal Bulletin’s head of research William Adams tells Mining Weekly in an interview. “We see a slight lithium surplus coming this... 

Lithium price may soften this year on ‘slight oversupply’ but EVs driving future optimism

LME says plans to launch about 15 new contracts in January 2019

By: Reuters     7th June 2018 The London Metal Exchange (LME) plans to launch around 15 new contracts from next January, including cash-settled cobalt and hot-rolled coil steel contracts, an executive said on Wednesday. "We will put in place the technical capabilities by November and then we'll launch them from January,"... 

Battery metals industry dependent on ‘flavour of the month’

By: Simone Liedtke     6th June 2018 With nearly every forecast predicting higher battery use in the years ahead, especially lithium-ion batteries to power new and existing technologies, demand for its component metals may be dependent on what some title “the flavour of the month”. 

Battery metals industry dependent on ‘flavour of the month’
Photo by Dylan Slater
IDC senior project development manager Bertie Strydom

European Metals starts beneficiation of Cinovec bulk sample

By: Anine Kilian     6th June 2018 Aim-listed European Metals has started the beneficiation process and magnetic separation of a 15 t bulk sample at its Cinovec lithium/tin project, in the Czech Republic. The beneficiation and magnetic separation of a lithium-rich concentrate will provide pilot plant feed for planned downstream... 

Current mining ‘boom’ very different to last one – CRU

By: Martin Creamer     6th June 2018 A return of capital expenditure (capex) and inorganic sources of growth are seen as a key corporate priority for 2018 and beyond, CRU Group senior consultant Aleksander Popovic said on Wednesday. The provider of marketing intelligence to mining told the Junior Indaba that the company’s... 

Current mining ‘boom’ very different to last one – CRU
Photo by Dylan Slater
CRU Group senior consultant Aleksander Popovic

Global plans small operation in US

By: Esmarie Swanepoel     6th June 2018 Lithium-boron developer Global Geoscience has unveiled the development plans for the Rhyolite Ridge project, in Nevada, targeting a shorter permitting process. The company told shareholders that the site layout for the Rhyolite Ridge project has been designed with a total surface disturbance... 

Neometals finds land for lithium refinery

By: Esmarie Swanepoel     6th June 2018 ASX-listed Neometals has signed a two-year option to sub-lease a site for its proposed lithium hydroxide refinery. The company on Wednesday told shareholders that it had signed an option agreement with the City of Kalgoorlie-Boulder over a 40 ha site in a new industrial estate. 

Bald Hill reserves double - Tawana

By: Esmarie Swanepoel     6th June 2018 Reserves at the Bald Hill lithium/tantalum project, in Western Australia, has more than doubled following pit design changes that resulted from an increased resource estimate. ASX-listed Tawana Resources and its joint venture partner Alliance Minerals on Wednesday reported that total lithium... 

Chile's SQM hires former chairperson Ponce as adviser, government says

By: Reuters     6th June 2018 Chilean lithium miner SQM has retained former chairperson Julio Ponce as an adviser, according to Chilean state development agency Corfo, despite an agreement to distance himself from the firm to end a long-running royalties dispute. Ponce and his brother Eugenio, a former president of the... 

Premier African secures $300 000 loan

By: Marleny Arnoldi     5th June 2018 Aim-listed Premier African Minerals (Pam) has entered into a loan agreement with a company, owned by a trust of which its CEO George Roach is a beneficiary, for a gross value of $300 000. The loan will provide additional general working capital, while the company looks to bring finality to the... 

Macusani lithium, uranium projects to be ‘production ready’ by 2020 – Plateau

By: Simone Liedtke     5th June 2018 The new Falchani lithium discovery area will now be included in the ongoing, now-expanded, environmental baseline study for TSX-V-listed Plateau Energy Metals’ Macusani lithium and uranium projects, in southeastern Peru. The expanded baseline study has been submitted and accepted by the Peruvian... 

Extended Hanwa offtake to underpin Sonora expansion

By: Mariaan Webb     4th June 2018 London-listed Bacanora has secured an in-principle undertaking from battery chemicals trader Hanwa to extend its lithium offtake agreement, which will underpin an expansion of the Sonora lithium project, in Mexico, to 35 000 t/y. The offtake agreement will be extended by another five years at a... 

Extended Hanwa offtake to underpin Sonora expansion

Nutrien auctions remaining shares in lithium miner SQM for nearly $1bn

By: Reuters     1st June 2018 Canadian fertiliser company Nutrien auctioned its remaining stake in Chile lithium miner SQM on Friday for nearly $1-billion, the last step in meeting regulatory commitments after the company was formed in January by the merger of Agrium and Potash Corp of Saskatchewan. The nearly 20.17-million... 

Tawana shareholders to vote on proposed demerger of noncore assets in July

By: Simone Liedtke     1st June 2018 Shareholders of ASX- and JSE-listed Tawana Resources will vote on the proposed demerger of the company’s noncore assets on July 6. The proposed demerger, first announced in March, will involve a capital reduction and distribution which will be satisfied by an in-specie distribution of 85% of the... 

Oil & gas, mining industries anxious about top brass succession planning

By: Henry Lazenby     31st May 2018 There is real anxiety in the oil and gas and mining industries regarding the lack of aptitude to replace an ageing top-level management talent pool, Stephen Diotte, partner and head of leadership services for Odgers Berndtson tells Mining Weekly Online. He recently joined the executive search... 

Oil & gas, mining industries anxious about top brass succession planning

Kodal identifies further lithium intersections at Bougouni

By: Anine Kilian     31st May 2018 West Africa-focused Kodal Minerals has identified further high-grade lithium mineralised intersections at the Sogola-Baoule prospect at its Bougouni lithium project, in southern Mali. "These latest high-grade intersections continue to highlight the potential of the Sogola-Baoule prospect,” CEO... 

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