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Lithium News

Chile says to clamp down on water rights in lithium-rich Salar de Atacama

By: Reuters     24th August 2018 Chile is preparing major new restrictions on the extraction of water from the lithium-rich Salar de Atacama salt flats, home to top lithium miners Albemarle and SQM, the head of the country’s water authority told Reuters on Thursday. Water authority chief Oscar Cristi said in an exclusive... 

Nemaska receives first $75m from Orion

By: Creamer Media Reporter      24th August 2018 Quebec-based Nemaska Lithium has secured the first $75-million of $150-million from Orion Mine Finance under a streaming agreement. The second tranche of $75-million will be paid once technical and other customary conditions are satisfied by December next year. 

Premier gets 20-day extended due diligence on Cadence investment

By: Marleny Arnoldi     24th August 2018 Aim-listed Premier African Minerals and UK-based mining investment firm Cadence Minerals have agreed to extend the due diligence period on Premier’s Zulu project by a further 20 days until September 14, following unexpected interruptions as a result of the recent elections in Zimbabwe. Premier... 

Qld's A$2bn ion-battery project gets backing

By: Esmarie Iannucci     23rd August 2018 The Queensland government on Thursday inked an assistance agreement with international consortium Imperium 3, over the proposed A$2-billion lithium ion-battery factory planned for Townsville. Premier Annastacia Palaszczuk said the agreement with Imperium 3, led by Boston Energy and Innovation,... 

Avalon plans smaller scale Ontario lithium project

By: Mariaan Webb     23rd August 2018 TSX-listed junior Avalon Advanced Materials has outlined a new preliminary economic assessment (PEA) for its Separation Rapids Lithium project, which simplifies the Kenora, Ontario-based project to initially produce lithium mineral concentrates, with the potential for later expansion to produce... 

Kodal reports promising lithium results at Bougouni ahead of mineral resource estimate publication

By: Marleny Arnoldi     22nd August 2018 Aim-listed Kodal Minerals has announced high-grade mineralisation, which remains open along strike, including 32 m at 1.61% lithium from 112 m, from the Sogola-Baoule prospects, at the company’s Bougouni project, in Mali. All assay results from a total 42 drill holes have been received for the... 

Prospect granted Zim mining licence

By: Esmarie Iannucci     21st August 2018 Lithium developer Prospect Resources has been granted a mining lease for its Arcadia lithium mine, in Zimbabwe. The mining lease covers an area of 1 031 ha and encompasses some 57 mining claims owned by Prospect. 

China's Tianqi Lithium seeks up to $1bn in Hong Kong listing - sources

By: Reuters     20th August 2018 China's Tianqi Lithium Corp is looking to raise up to $1-billion in its Hong Kong stock market flotation, despite this year's fall in lithium prices, two people close to the deal told Reuters. The company, the world's second largest lithium producer by sales, on Friday filed plans for Hong... 

Liontown expands prospective lithium footprint with new acquisition

By: Creamer Media Reporter      20th August 2018 ASX-listed Liontown has entered into an agreement to acquire a new project immediately west of its Buldania lithium project, extending its exploration footprint in the Eastern Goldfields of Western Australia to about 400 km2. Liontown announced on Monday that it entered into a sale agreement... 

Plateau Energy Metals appoints CEO

By: Creamer Media Reporter      20th August 2018 Canadian lithium and uranium exploration company Plateau Energy Metals, which is advancing projects in the Macusani Plateau in south-eastern Peru, has a new CEO. The company announced on Monday that its board had appointed Alex Holmes, who most recently was a partner and cofounder of Oxygen... 

Critical Elements appoints finance VP

By: Nadine James     17th August 2018 TSX-listed lithium-focused junior Critical Elements has appointed Dr Marcus Brune as finance VP. Brune will join the senior management team and will oversee the structuring of the compnay’s wholly-owned Rose lithium/tantalum project debt financing, strategic investment and offtake agreements. 

Infinity launches scoping of lithium hydroxide option

By: Esmarie Iannucci     17th August 2018 ASX-listed Infinity Lithium Corporation has launched a lithium hydroxide scoping study at its San Jose resource, in Spain. The lithium hydroxide scoping study will start in direct response to the increased demand and supply chain considerations in the evolving battery chemicals market, the... 

Higher lithium output drives MinRes revenues

By: Esmarie Iannucci     16th August 2018 ASX-listed Mineral Resources this week reported a 16% increase in revenue for the full year ended June, with net profits after tax jumping from A$201-million to A$272-million. The company reported increased mineral sales of 3.5-million tonnes of direct shipping ore (DSO) in the 12 months to... 

Neometals to separately list titanium and vanadium business

By: Esmarie Iannucci     16th August 2018 The board of ASX-listed Neometals has approved the demerger of the Barrambie titanium/vanadium project, in Western Australia, along with the associated technology assets, into a newly listed company. Neometals told shareholders on Thursday that the move would allow the company and the newly... 

China's Ganfeng buys SQM's stake in lithium project for $87.5m

By: Reuters     14th August 2018 Chile's SQM, one of the world's largest lithium producers, said on Monday that it agreed to sell its 50% stake in the Cauchari-Olaroz project in Argentina to China's Ganfeng Lithium for $87.5-million. The deal also stipulates that Ganfeng will pay SQM an additional $50-million if the project's... 

Lithium-ion batteries, energy storage on strong demand growth trajectory

By: Marleny Arnoldi     13th August 2018 The automotive industry’s use of lithium-ion batteries is on track to grow seven-fold to 650 GWh by 2025, from 70 GWh in 2017; the increase in energy storage, although from a lower base, will add to this, says specialist international publisher Metal Bulletin. It adds that the electrification of... 

Lithium-ion batteries, energy storage on strong demand growth trajectory

NAIF to help fund road upgrade for Pilgangoora exports

By: Esmarie Iannucci     13th August 2018 The Northern Australia Infrastructure Facility (NAIF) is to make a A$19.5-million loan to help boost exports of lithium from the Pilbara region of Western Australia. Resources and Northern Australia Minister Matt Canavan said over the weekend that the loan to a subsidiary of ASX-listed Pilbara... 

Peru President expects lithium, uranium mining laws passed in 6 months

By: Reuters     12th August 2018 Peruvian President Martin Vizcarra told Reuters his government will likely pass laws within six months needed to tap a new lithium and uranium deposit, removing a major hurdle for Canadian miner Plateau Energy Metals' proposed $800-million mine. Plateau said last month it had found 2.5-million... 

Altura walks away from takeover talks

By: Esmarie Iannucci     9th August 2018 The share price of ASX-listed Altura Mining climbed by more than 5.5% on Thursday on news that the company had walked away from a potential control transaction. Altura in March confirmed speculation that it was in discussions with Shaanxi J&R Optimum Energy Company regarding a potential control... 

SQM says to overtake Albemarle as world's top lithium producer by 2022

By: Reuters     9th August 2018 Chilean miner SQM said on Wednesday it would overtake competitor Albemarle as the world's top producer of lithium by 2022, boosting its production capacity that year to 28% of the world's total versus the US-based Albemarle's 16%. SQM Vice President Daniel Jimenez said in a presentation at a... 

SQM says to overtake Albemarle as world's top lithium producer by 2022

Haulage starts at Altura's mine

By: Esmarie Iannucci     8th August 2018 First lithium concentrate from ASX-listed Altura Mining’s lithium mine has been hauled to Port Hedland, ahead of first shipments. “MD James Brown said on Wednesday that the start of haulage was another important step for the company. 

Battery metal deals still sparking - EY

By: Esmarie Iannucci     8th August 2018 The battery metals sector appears to be somewhat isolated from the recently slow-down in global mining and metals transactions, advisory firm Ernst & Young (EY) said. EY earlier reported that global merger and acquisition (M&A) transaction values in the mining and metals sector fell by 9.5%... 

Battery metal deals still sparking - EY

Chile lithium exports more than double in July from previous year

By: Reuters     7th August 2018 Chile's exports of lithium carbonate reached $85-million in July, more than double that of the same month the previous year, as demand and prices for the key component in electric vehicle batteries continues to rise, the central bank said on Tuesday. The value of exports of the metal from Chile,... 

Erudite adopts a fresh approach to transformation 

By: Nadine James     3rd August 2018 Becoming a sustainable and relevant mining industry service provider requires a genuine effort to meet and address issues of localisation and transformation, while fostering local partnerships to develop extractive projects in African countries, suggests engineering, procurement and construction... 

Erudite adopts a fresh approach to transformation
Erudite chairperson Vince Raseroka and CE Johann de Bruin discuss the need for an African-focused EPCM mining services provider. Video: Darlene Creamer; Editing: Nicholas Boyd

Pilbara to seek board approval for 3Mt/y Pilgangoora expansion

By: Esmarie Iannucci     3rd August 2018 The definitive feasibility study (DFS) for the Stage 2 expansion of the Pilgangoora lithium/tantalum project, in Western Australia, has made a compelling case for the development, said ASX-listed Pilbara Minerals. The Stage 2 operation will see an additional three-million tonne a year processing... 

Pilbara to seek board approval for 3Mt/y Pilgangoora expansion

Battery metals boom boosting services, project potential

By: Paige Müller     3rd August 2018 There is a boom in the battery metals mining space, owing to a global focus on environment-friendly power initiatives, or ‘green’ energy, says mining industry specialist consultants The MSA Group. MSA Group critical metals principal consultant Michael Cronwright says the company has noted a... 

Battery metals boom boosting services, project potential
KAMATIVI LITHIUM TAILINGS PROJECT The Kamativi lithium tailings project is currently ongoing in Zimbabwe

New Indian EV battery policy to determine response to Bolivia lithium invite

By: Ajoy K Das     31st July 2018 An Indian government policy advisory body will publish a policy offering subsidies for lithium-based electric vehicle (EV) battery manufacturing, which will determine the response to an invitation from the Bolivian government for joint ventures (JVs) in lithium-rich Latin American nation. The... 

New Indian EV battery policy to determine response to Bolivia lithium invite

Bald Hill reaches production milestone

By: Esmarie Iannucci     31st July 2018 Commercial production has been declared at the Bald Hill lithium mine, in Western Australia. Joint venture (JV) partners Tawana Resources and Alliance Mineral Assets were now targeting a production of between 60 000 t and 75 000 t of spodumene concentrate for the six months between July and... 

Chile says lithium miner Albemarle slow to respond on contract details

By: Reuters     31st July 2018 Chile's government said on Monday that lithium miner Albemarle had been slow to respond to the government's requests for information about a contract the US-based miner signed with the South American country in 2016. The contract allows Albemarle to produce lithium on land owned by the Chilean... 

First tin concentrate to market in Q4 – AfriTin 

By: Martin Creamer     30th July 2018 Emerging tin mining company AfriTin is on track to place its first tin concentrate into the market in the fourth quarter of this year. The Aim-listed company is going all out to put Africa, once the fourth-biggest exporter of tin but now without an industrial-scale mine, back on the global tin... 

First tin concentrate to market in Q4 – AfriTin
AfriTin CE Anthony Viljoen and nonexecutive director Terence Goodlace speak to Mining Weekly Online’s Martin Creamer. Video and Video Editing: Nicholas Boyd. Photographs: Dylan Slater.

Core agrees funding and lithium supply term sheet with Meidu

By: Esmarie Iannucci     30th July 2018 Lithium hopeful Core Exploration has inked a non-binding term sheet with a subsidiary of Shanghai-listed Meidu Energy for the offtake of up to 150 000 t/y of lithium concentrate from the Finniss project, in the Northern Territory. Meidu subsidiary RuiFu Lthium, which is one of China’s largest... 

C-suite moves rock lithium as industry expands in battery boom

By: Bloomberg     29th July 2018 Unexpected leadership changes within a day at the world’s two largest lithium producers underscore concerns over a lack of executive experience in the industry amid a nascent boom for the battery metal. On Wednesday, Albemarle announced the replacement of its lithium president John Mitchell, who... 

Part-owner of Chile lithium producer SQM sells $275m bond

By: Reuters     29th July 2018 Chile's Pampa Calichera, one of the companies through which businessman Julio Ponce holds his ownership stake in lithium producer SQM, said it sold bonds in the local market on Friday for the equivalent of $275-million. The bond had an annual interest rate of 4.5% and a duration of 15 years,... 

Orocobre takes advantage of Advantage raising

By: Esmarie Iannucci     27th July 2018 ASX- and TSX-listed Orocobre on Friday told shareholders that it would participate in a C$12-million private placement by TSX-V-listed Advantage Lithium. Advantage will issue more than 15.5-million shares, at a price of C$0.77 each, to raise the funds, with Orocobre investing a total of... 

Outgoing Albemarle executive to join Chilean cobalt miner

By: Reuters     25th July 2018 Privately held clean energy investor Glenlith said on Wednesday that it hired outgoing Albemarle Corp executive John Mitchell to run its Chilean cobalt subsidiary. Mitchell, who has run Albemarle's lithium business since 2015, will join Glenlith's Chilean Cobalt Corp subsidiary next month,... 

Nova to list its Canada lithium projects on TSX-V

By: Esmarie Iannucci     25th July 2018 Junior Nova Minerals is looking to unlock value from its lithium projects through the spin-off of Snow Lake Resources into a C$24-million initial public offering (IPO) on the TSX-V. Following a restructure, the subsidiary will have the right to earn an 80% interest in the Thompson Brothers... 

Altura delivers first concentrate 16 months after ground was broken

By: Esmarie Iannucci     25th July 2018 ASX-listed Altura Mining has delivered its first lithium concentrate from its flagship project in Western Australia. The first concentrate production comes 16 months after ground was broken at the Pilgangoora project, in March 2017. 

MGX secures option over Argentina lithium brine project

By: Creamer Media Reporter      25th July 2018 Canadian resources firm MGX Minerals has entered into an option to acquire an 80% interest in the Salinitas lithium brine mining tenements in the lithium triangle of Argentina. The 4 308-ha contiguous land package resides in the Puna region of north-west Argentina near the border of Chile, an... 

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