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Lithium News

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... 

E3 Metals rises on successful petro-lithium extraction bench tests

By: Henry Lazenby     31st May 2018 The TSX-V-quoted equity of technology firm E3 Metals Corp jumped on Wednesday following an announcement by the company that it has succeeded in concentrating raw brine from 75 mg/ℓ to 1 206 mg/ℓ lithium in less than three hours, while simultaneously removing 99% of the critical metal impurities.... 

Electric vehicles could increase to 220m in 2030 – IEA

By: Marleny Arnoldi     30th May 2018 The International Energy Agency’s (IEA’s) ‘Global Electric Vehicles Outlook’ has found that the number of electric and plug-in hybrid cars on the world’s roads exceeded three-million in 2017, which is a 54% increase compared with 2016.  

Electric vehicles could increase to 220m in 2030 – IEA

‘There is no knowing where the change will end’ – analyst

By: Henry Lazenby     30th May 2018 The wave of change that the electrification of automobiles brings is moving beyond electric vehicles (EV) to the micro, artificial intelligence and autonomous mobility options, which should increasingly be brought into the outlook for the burgeoning market. “Big gambles and bold leadership does... 

‘There is no knowing where the change will end’ – analyst

IronRidge drilling programme progresses, assays expected in two months

By: Marleny Arnoldi     29th May 2018 Aim-listed minerals exploration company IronRidge Resources on Tuesday reported that its reverse circulation (RC) drilling programme at the Ewoyaa project, in Ghana, had encountered multiple, broad visible pegmatite intersections.  

Pilbara adds more resource at Pilgangoora

By: Esmarie Swanepoel     29th May 2018 ASX-listed Pilbara Minerals has reported a 36% increase in the mineral resource at its Pilgangoora lithium project, in Western Australia. The company told shareholders that the resource was now estimated at 213-million tonnes, grading 1.32% spodumene and 116 parts per million (ppm) tantalum... 

Galaxy sells Argentina tenements to Posco for $280m

By: Esmarie Swanepoel     29th May 2018 Lithium miner Galaxy Resources has struck a $280-million deal with Korea’s Posco to divest of its tenement package in the northern area of the Salar de Hombre Muerto, in Argentina. The package of tenements is north of Galaxy’s Sal de Vida project, which hosts an estimated 4.09-million tonnes of... 

Mineral Resources prices Wodgina plant

By: Esmarie Swanepoel     28th May 2018 ASX-listed Mineral Resources has confirmed that internal estimates have priced a lithium hydroxide plant at the Wodgina lithium project, in Western Australia. The company is considering building two 28 000 t lithium hydroxide modules at Wodgina, at a cost of $300-million a module. 

In lithium hot spot, ghost towns recall another boom gone bust

By: Bloomberg     25th May 2018 Chile knows what it is to be expendable. Ghost towns that pepper the nation’s north are a painful reminder of a time when it was replaced almost overnight as the world’s top fertiliser producer. These days, the decaying buildings and rusty plants serve as a harbinger for miners embarking on a... 

Lack of financing to constrain lithium supply

By: Mariaan Webb     25th May 2018 Difficulty in finding financing for many of the lithium projects that mining companies are prepared to launch is seen as one of the main constraints to a 25% electric vehicle (EV) adoption rate by 2025. UK-based mining investment firm Cadence Minerals, estimates that lithium compound demand is... 

Lack of financing to constrain lithium supply

Electric vehicles seen driving cobalt crunch by mid-2020s

By: Reuters     25th May 2018 The increasing popularity of electric vehicles may create a crunch for supplies of cobalt in the early-to-mid 2020s, miners and analysts say, adding that small operators trying to start up mines outside Africa could play a bigger role over time in satisfying demand for the metal used in... 

Western Australia to formulate lithium and energy materials strategy

By: Esmarie Swanepoel     24th May 2018 The Western Australian government has announced the formation of a taskforce to capitalise on the region’s lithium and energy material potential. The taskforce will oversee development of a Lithium and Energy Materials Strategy to build on Western Australia's competitive advantages, and to... 

Chile high court declines to weigh in on lithium spat at Maricunga

By: Reuters     24th May 2018 Chile's constitutional court said it would not get involved in a dispute between a foreign-backed miner and state-run copper miner Codelco over adjoining lithium deposits in the Maricunga salt flat, according to a court document seen by Reuters on Wednesday. Salar Blanco, 50%-owned by... 

Advantage Lithium reports six-fold resource upgrade at Cauchari

By: Henry Lazenby     24th May 2018 The TSX-listed equity of explorer Advantage Lithium rose more than 7% on Wednesday after it reported a six-fold resource increase at the Cauchari joint venture (JV), in Argentina. The Vancouver-based company reported a three-million-tonne inferred resource that comprise the northwest and... 

Advantage Lithium reports six-fold resource upgrade at Cauchari
Photo by Advantage Lithium
Cauchari, Argentina

Coega perfectly poised to participate in lithium-ion battery industry – CDC

By: Simone Liedtke     23rd May 2018 The Coega Special Economic Zone (SEZ) is at an advanced stage of setting up factories that will supply gigawatt factories with manganese, a key ingredient in most lithium-ion batteries. Coega Development Corporation (CDC) business development metallurgic sector manager Sadick Davids says the SEZ... 

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