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Lithium News

Magnis gathers US funds for downstream development

By: Esmarie Swanepoel     5th October 2017 A global consortium, in which ASX-listed Magnis Resources holds a major stake, has been awarded funding of $13.5-million from the state of New York to develop the region’s first lithium-ion gigafactory. In May, Magnis entered into a joint manufacturing establishment agreement to develop a 15 GWh... 

Birimian outlines plans for Mali lithium project

By: Esmarie Swanepoel     4th October 2017 A prefeasibility study (PFS) into the Goulamina lithium project, in Mali, has found that the project could be in production by early 2021, with construction set to start in mid-2019, ASX-listed Birimian reported. The PFS considered four development scenarios, based on the size of the pit design... 

European Metals and Czech Republic sign lithium agreement

By: Mariaan Webb     3rd October 2017 ASX- and Aim-listed European Metals on Tuesday signed a memorandum of understanding (MoU) with the Czech Republic over the development of the Cinovec lithium/tin project. The MoU, which was signed in Usti nad Labem, covers aspects relating to downstream processing, permitting and regulatory... 

Earl Grey could deliver 288 000 t/y of lithium concentrate

By: Esmarie Swanepoel     3rd October 2017 The Earl Grey lithium project, in Western Australia, could be in production as early as the first quarter of 2019, ASX-listed Kidman Resources reported on Tuesday. A scoping study into the project estimated that production could start as early as August next year, with construction to last... 

China’s Great Wall backs Pilbara’s WA lithium mine

By: Esmarie Swanepoel     29th September 2017 The share price of lithium developer Pilbara Minerals jumped 18% on Friday as the company announced the backing of China’s Great Wall Motor Company for the Stage 2 development of the Pilgangoora lithium/tantalum project, in Western Australia. Pilbara Minerals has inked a binding term sheet with... 

South African mining industry must prepare for future

By: Robyn Wilkinson     29th September 2017 It is critical that the South African mining sector works unceasingly to make government understand the need to remain competitive with global miners through upskilling people so that they are capable of functioning and prospering in a technologically-advanced environment, says Neil Jacobsohn,... 

South African mining industry must prepare for future
BETTER, FASTER Drones are successfully being used in the mining industry to reduce costs and save time through aiding the three-dimensional modelling and the analytics of orebodies

eCobalt validates only US-based primary cobalt project with ‘robust’ feasibility study

By: Henry Lazenby     27th September 2017 eCobalt Solutions has revealed positive economics from a feasibility study (FS) of the company's flagship Idaho Cobalt Project (ICP), the only environmentally permitted, primary cobalt project located in the US. Based on an underground mine, the FS envisions a target production rate of 800 short... 

eCobalt validates only US-based primary cobalt project with ‘robust’ feasibility study
Photo by Bloomberg
Cobalt metal nuggets

No clarity on funding drawdown for mine rehab – Joburg Indaba

By: Martin Creamer     27th September 2017 There is no clarity on the way that mining companies can draw down from their financial provision vehicles to undertake mine rehabilitation, the Joburg Indaba Breakfast heard on Wednesday during a discussion on the implications of the new National Environmental Management Act (Nema). Chaired by... 

No clarity on funding drawdown for mine rehab – Joburg Indaba
Photo by Joburg Indaba
Panellists from left to right are Pan African CEO Cobus Loots, MSA MD Ben Burnand, PwC's Dr Ferdi Linde, ENSafrica's Andries Myburgh, DMR's director of mine closure Reuben Masenya and Cenviro Solutions MD Leentie Smit

Explorer preparing to drill for lithium in Sweden

By: Mariaan Webb     27th September 2017 Australia-based lithium explorer Novo Litio is preparing for its maiden drilling programme at the Spodumenberget prospect in central Sweden, in keeping with its goal of supplying lithium from Europe, for Europe. The Spodumenberget prospect, near Örnsköldsvik, has previously yielded high-grade... 

Zinc price on the up as supply tightens; cobalt forecast revised upwards as demand intensifies

By: Henry Lazenby     26th September 2017 Chinese zinc imports for August have increased by 145% year-on-year to 227 000 t, according to Metal Bulletin and Chinese customs data released on Tuesday. Scotia Mining Sales noted in a report to clients that this was not surprising given the Shangai Futures Exchange and London Metals Exchange... 

Tungsten-focused Thor moves diversified portfolio up value curve as commodity prices rally

By: Henry Lazenby     26th September 2017 Australian junior Thor Mining is pushing ahead with its diversified portfolio of tungsten/copper/lithium projects in Australia and the US, in the hope of capitalising on rising metals prices. The Sydney-based explorer and project developer, which has equity listings on the ASX and LSE’s Aim,... 

Tungsten-focused Thor moves diversified portfolio up value curve as commodity prices rally
Thor Mining expects to update the Pilot Mountain tungsten resource, in Nevada, soon

Premier sells forestry interests to focus on lithium, tungsten assets

By: Creamer Media Reporter      20th September 2017 Multicommodity mining and natural resources development company Premier African Minerals will sell its 52% interest in TCT Industrias Florestais (TCT IF), which principally owns a limestone deposit and forestry interests, in Mozambique, to Amire Glory. Aim-listed Premier will retain a 50%... 

Robust intersections support potential to fast-track Portugal lithium project

By: Mariaan Webb     20th September 2017 Aim-quoted Savannah Resources is hard at work to fast-track its Mina do Barroso lithium project, in Portugal, to production, as it seeks to tap into the fast-expanding battery market. Assay results from the first part of a reverse circulation drilling programme at two high-priority targets,... 

Russian nuclear giant joins scramble to supply electric-car boom

By: Bloomberg     20th September 2017 Russia’s State-owned nuclear corporation is joining the lithium rush. After a collapse in the price of uranium, Rosatom Corp. plans to start mining and trading the metal used in batteries as it seeks to profit from the rapid rise of electric vehicles. 

Russian nuclear giant joins scramble to supply electric-car boom

First Cobalt exits volatile DRC in favour of mining friendly Ontario Cobalt Camp

By: Henry Lazenby     19th September 2017 TSX-V-listed First Cobalt will not complete a strategic alliance over seven cobalt exploration properties close to several major copper/cobalt operations in the Democratic Republic of Congo's (DRC's) Central African Copperbelt. The Toronto-headquartered company announced on Monday that it would... 

Finnish firm Keliber pushes out DFS for lithium project to next year

By: Creamer Media Reporter      15th September 2017 Finland’s Keliber Oy has pushed back the completion of its definitive feasibility study (DFS) for its lithium project from the third quarter of this year to mid-2018, to allow for additional work programmes to be completed. The company announced on Friday that it would undertake additional... 

Avalon intent to cash in on rapidly rising technology metal demand

By: Henry Lazenby     15th September 2017 A whole new world for lithium demand has aspiring technology metals firm Avalon evaluating its options to cash in on the red-hot industry, with the company patiently advancing three projects in its portfolio that will benefit from higher metals prices. Just this week, new evidence was provided... 

Avalon intent to cash in on rapidly rising technology metal demand
Photo by Reuters
Lithium-ion batteries in the manufacturing process. Demand for lithium is expected to outstrip supply from 2019 onwards

Core to buy Liontown’s Bynoe lithium project

By: Esmarie Swanepoel     14th September 2017 ASX-listed Liontown Resources has struck a deal with fellow listed Core Exploration to divest of its Bynoe lithium project, in the Northern Territory. Under the terms of the agreement, announced on Thursday, Core would acquire the Bynoe project for an up-front cash consideration of... 

Poseidon and Lithium Australia team up on lithium

By: Esmarie Swanepoel     13th September 2017 ASX-listed Poseidon Nickel and fellow-listed Lithium Australia have inked a lithium exploration and processing memorandum of understanding (MoU) over the Lake Johnston project, in Western Australia. The parties are planning to explore for lithium-hosted pegmatites on tenements held by both firms... 

Poseidon and Lithium Australia team up on lithium

Work to start on WA lithium JV as Kidman and SQM finalise agreement

By: Esmarie Swanepoel     12th September 2017 ASX-listed Kidman Resources and lithium producer Sociedad Quimica y Minera de Chile SA (SQM) have finalised the joint venture (JV) agreement over the Mt Holland lithium project, in Western Australia. The transaction, first announced in July, will see SQM invest $110-million to acquire a 50%... 

Pilbara starts initial work on expanded Pilgangoora

By: Esmarie Swanepoel     11th September 2017 Lithium developer Pilbara Minerals has started initial work on the five-million-tonne-a-year expansion at its Pilgangoora operation, in Western Australia, even as it works toward achieving Stage 1 production by the second quarter of 2018. Pilbara on Monday told shareholders that the company had... 

China's fossil-fuel phase-out fails to alarm big oil investors

By: Bloomberg     11th September 2017 In the first day of trading after China said it’s working on a deadline to end sales of fossil-fuel-powered vehicles, shares are holding ground in the oil companies that stand to lose out. The listed units of China’s big three oil companies – PetroChina, Cnooc and China Petroleum & Chemical –... 

Improving prices prompt Fortune to aim for bigger, more economic Nico development

By: Henry Lazenby     9th September 2017 With a bird in hand, Canadian project developer Fortune Minerals is considering to up the ante for its flagship Nico cobalt/gold/bismuth/copper project, in Canada’s Northwest Territories. The London, Ontario-based company late last month announced that its update of the 2014 feasibility study for... 

Improving prices prompt Fortune to aim for bigger, more economic Nico development
Photo by Fortune Minerals
Fortune Minerals president and CEO Robin Goad

Directors up stake in Bacanora as Cadence sells 8.9m shares

By: Mariaan Webb     8th September 2017 UK-based mining investment firm Cadence Minerals has realised profit of £2.7-million on the partial sale of its equity stake in Bacanora Minerals, which is developing the Sonara lithium project in Mexico. Cadence sold 8.90-million shares, representing 42% of its equity stake in Bacanora, for... 

Assore posts record headline earnings

By: Ilan Solomons     8th September 2017 Mining investment holding company Assore achieved a 199% increase in headline earnings to R5.2-billion for the financial year to June 30, compared with R1.7-billion in the previous year. Attributable earnings amounted to R5-billion, which was an improvement of 226% from 2016, which was also a... 

Assore posts record headline earnings
Photo by Assore
CHARLES WALTER Iron-ore and manganese ore prices have reflected improved global economic conditions

Nokeng mulling two or three more fluorspar mines by 2026 as huge shortage is predicted

By: Mia Breytenbach     8th September 2017 Following the breakthrough of opening the first new mine in Gauteng, South Africa, in the last 12 years, which is being developed by producer SepFluor’s wholly owned Nokeng fluorspar mine, the company aims to become vertically integrated in the fluorspar value chain in future. Fluorite ore is... 

Nokeng mulling two or three more fluorspar mines by 2026 as huge shortage is predicted

Myriad of opportunities in Zim’s mining sector

8th September 2017 Zimbabwe is poised for growth and, with the country committed to ensuring a sustainable growth path, there are a host of investment opportunities in the mining industry to be capitalised on. This is according to the investment promotion body Zimbabwe Investment Authority‘s Invest in Zimbabwe... 

Myriad of opportunities in Zim’s mining sector
Photo by Bloomberg
DIAMONDIFEROUS Zimbabwe has deposits of high-quality diamonds, which are in high demand on the global market

Pilbara awards Pilgangoora mining contract

By: Esmarie Swanepoel     7th September 2017 Lithium developer Pilbara Minerals has awarded an openpit mining contract for its Pligangoora lithium project to Maca. Pilbara said on Thursday that with an initial two-year term, plus three one-year options to extend, the contract was a key operational contract for the Pilgangoora project, and... 

International Lithium Corp receives proof of concept study for alternative lithium recovery

By: Natasha Odendaal     6th September 2017 TSX-V-listed International Lithium Corp (ILC) has received the final proof of concept study for the recovery of lithium using membrane separation as a potential alternative to the natural evaporation process, which is currently proposed at the lithium brine joint venture project in Salta,... 

Novo Litio chooses path in Portugal

By: Esmarie Swanepoel     4th September 2017 A scoping study into the Sepeda lithium project, in Portugal, has identified the production of a mineral concentrate to be the preferred route of development, with an underground operation likely to result in the best outcome. ASX-listed Novo Litio on Monday told shareholders that the scoping... 

Novo Litio chooses path in Portugal

Kingston to merge with Canada's WCB

By: Esmarie Swanepoel     1st September 2017 ASX-listed junior Kingston Resources has struck a binding heads of agreement with TSX-V listed WCB Resources to merge by way of a plan of arrangement. Under the terms of the agreement, each WCB shareholder would receive 4.5 Kingston shares for every WCB common share held, to create a new... 

Despite high upfront costs, technology investments yield long-term savings – BMI

By: Mia Breytenbach     1st September 2017 With metals and mining companies increasingly investing in technology that will help reduce their carbon footprints, owing to the global drive to lower carbon emissions, meaningful efforts to improve environmental standards in the extractive industries require significant upfront costs, according... 

Despite high upfront costs, technology investments yield  long-term savings – BMI
LONG-TERM BENEFIT BMI expexts long-term cost savings to benefit companies that are ahead of the curve when it comes to prioritising green strategies

Red Metal Mining

1st September 2017 Diversified project engineering house Red Metal Mining (RMM) is focused on the specialised design of cast resin dry-type transformers, mini substations and electrical automation systems required by mining and associated industries. “Wherever electricity is generated, distributed, or required, we... 

Red Metal Mining

Poseidon considers lithium/nickel co-processing option at Lake Johnston as Kidman option lapses

By: Esmarie Swanepoel     31st August 2017 ASX-listed Kidman Resources has allowed its option agreement to lease the Lake Johnston plant for its Mt Holland lithium operation to lapse. The original option agreement with Poseidon Resources to potentially adapt the Lake Johnston plant for the processing of Mt Holland ore, offered the... 

Lithium Australia makes play for battery company

By: Esmarie Swanepoel     31st August 2017 ASX-listed Lithium Australia has announced plans to acquire Brisbane-based battery cathode developer Very Small Particle Company (VSPC). Lithium Australia told shareholders on Thursday that its acquisition of VSPC would augment the company’s own advanced processing technologies around lithium... 

Maiden profit reported at Orocobre

By: Esmarie Swanepoel     31st August 2017 Dual-listed Orocobre has delivered a maiden full-year net profit after tax of A$19.4-million on the back of the first full financial year of commercial production at its Olaroz lithium facility, in Argentina. The ASX- and TSX-listed company has reported record production of 11 862 t of lithium... 

Assore posts record headline earnings of R5.2bn as commodity prices rebound

By: Ilan Solomons     30th August 2017 Mining investment holding company Assore achieved a 199% increase in headline earnings to R5.2-billion for the financial year to June 30, compared with R1.7-billion in the previous year. Attributable earnings amounted to R5-billion, which was an improvement of 226% from 2016, which was also a... 

Assore posts record headline earnings of R5.2bn as commodity prices rebound
Photo by Assore
Assore CEO Charles Walters

Advancing technology signals imminent opening of undersea mineral treasure chest

By: Henry Lazenby     29th August 2017 In a new era of ever-advancing technology and increased legal certainty, ocean floor mining is set to take off in the next decade as several juniors jostle to be first to exploit the wealth hidden on the deep ocean floor. DeepGreen Resources chief development officer Anthony O’Sullivan believes... 

Advancing technology signals imminent opening of undersea mineral treasure chest

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