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Lithium News

Zinnwald lithium study progressing on schedule – Bacanora

By: Mariaan Webb     4th April 2018 Aim-listed Bacanora Lithium is continuing to advance a feasibility study to demonstrate the economic viability of producing higher value lithium products at the Zinnwald project, in Germany, for the European battery and automotive sectors. The feasibility study is under way and is scheduled for... 

Prospect and Sinomine cement Zim lithium project agreement

By: Esmarie Swanepoel     4th April 2018 Gold and lithium developer Prospect Resources has cemented an agreement with Hong Kong-listed Sinomine Resources Exploration, which will see the development of the Arcadia lithium project, in Zimbabwe. The two companies in November inked a conditional placement and framework agreement under... 

Prospect and Sinomine cement Zim lithium project agreement

Quest for cheaper batteries lures money from Russian billionaire

By: Bloomberg     4th April 2018 Russian billionaire Oleg Deripaska is investing in research into next-generation batteries to replace the lithium-ion units that are currently used in phones and cars, and to store power from solar plants. The tycoon’s En+ Group, which owns power plants and the largest aluminum maker outside... 

Quest for cheaper batteries lures money from Russian billionaire
Oleg Deripaska

Savannah raises cash for project pipeline

By: Creamer Media Reporter      3rd April 2018 Aim-quoted Savannah Resources has potentially raised £2.1-million in gross proceeds for its project pipeline in Africa and Europe, the company reported on Tuesday. The fundraising comprised new and exiting investors subscribing for 27 636 361 new shares at 5.5 p a share, for gross proceeds of... 

Pilbara welcomes Posco as strategic investor

By: Esmarie Swanepoel     3rd April 2018 South Korean steelmaker Posco has acquired a 4.57% stake in ASX-listed Pilbara Minerals, contributing some A$80-million to the company’s balance sheet. The deal, initially announced in February, woul establish a long-term strategic offtake and joint venture (JV) relationship between the two... 

Post-Mugabe Zimbabwe mining rush leaves big producers behind

By: Bloomberg     3rd April 2018 While Zimbabwe’s leadership change has sparked a race for the nation’s mineral riches among entrepreneurs and tiny explorers, big-name mining companies are taking a wait-and-see approach. New President Emmerson Mnangagwa has a lot to prove as he seeks to revive the economy and attract mining... 

Post-Mugabe Zimbabwe mining rush leaves big producers behind
Zimbabwe President Emmerson Mnangagwa

Shareholders in Chilean lithium firm SQM move to shake up governance

By: Reuters     3rd April 2018 Two major shareholders in Chilean lithium giant SQM proposed in a regulatory filing on Monday to change the company's governing statutes in a way that could block other shareholders from gaining control of the firm. Pampa Calichera and Potasios de Chile, both controlled by Chilean businessman... 

Power Metals prepares for spring drill programme

By: Henry Lazenby     2nd April 2018 Exploration junior Power Metals is preparing to undertake an 8 000 m spring drill campaign on its Case Lake spodumene project, in Ontario, advising that it could increase planned drilling to 7 000 m during the fall, for total planned drilling of 15 000 m this year. The Vancouver-based company... 

Aftan secures clearance to abstract water from Orange river

By: Marleny Arnoldi     28th March 2018 The Environmental Commissioner of Namibia has issued a clearance certificate to allow for the abstraction of water from the Orange river for African Tantalum’s (Aftan’s) Namibia Tantalite Investment (NTI) mine.  

European Metals reports improved lithium recoveries from Czech project

By: Mariaan Webb     28th March 2018 The economics of the Cinovec lithium/tin project are likely to be enhanced by the recent higher lithium recoveries that Australia- and UK-listed European Metals achieved during its ongoing metallurgical optimisation and ore variability testwork programme. Lithium leach recoveries of 94% to 95%... 

Lithium miner eyes even greater riches in piles of battery waste

By: Bloomberg     23rd March 2018 Recycling lithium material from used electric vehicle batteries promises to be even more profitable than mining the increasingly valuable metal, according to an Australian producer building a test facility in Canada. Perth-based Neometals is working to recover raw materials including lithium,... 

Tawana zones in on Bald Hill, spins off remaining assets

By: Esmarie Swanepoel     22nd March 2018 Lithium miner Tawana Resources has announced the spin-out of its Cowan and Yallari lithium projects, in Western Australia, and the Mofe Creek iron-ore asset, in Liberia, into a separate entity. Tawana told shareholders on Thursday that an ASX-listing for the new company would not be initially... 

The lithium sector surge is poised to ignite a deals bonanza

By: Bloomberg     21st March 2018 The tripling in lithium prices over three years is poised to fuel a multi-billion dollar rush of deals as major players jostle for dominance to supply the metal needed for the electric vehicle battery revolution. China’s expected to lead a mergers and acquisition bonanza as companies seek to... 

The lithium sector surge is poised to ignite a deals bonanza

Birimian reports cost savings at Mali lithium project

By: Esmarie Swanepoel     20th March 2018 Lithium hopeful Birimian has reported a number of cost cuts at its Goulamina project, in Mali, following the optimisation of the prefeasibility study (PFS). Birimian on Tuesday reported that transport and handling costs have reduced by an estimated 47%, from $187/t to $100/t, while power costs... 

Kidman increases Earl Grey resource

By: Esmarie Swanepoel     19th March 2018 Lithium developer Kidman Resources has reported a 54% increase in the resource estimate at its Earl Grey project, in Western Australia. Following a 12-month resource definition and exploration programme, Kidman has increased the resource estimate at Earl Grey to 189-million tonnes, grading 1.5%... 

New Chile govt undecided on blocking SQM sale to China firms – official

By: Reuters     16th March 2018 Chile's new government is evaluating whether to support a petition filed by its predecessor to block the sale of a stake in top lithium miner SQM to a Chinese firm, a senior government official told Reuters on Friday. Chile development agency Corfo filed a complaint last week to block the sale... 

Relaxed export, production quotas an 'inflection point' for Chile's lithium industry

By: Henry Lazenby     16th March 2018 In the days following conservative billionaire Sebastian Pinera being sworn in as president of Chile for a second term on Sunday, the new government is signalling a more relaxed approach to the hot-button issue of lithium production and exports. This week's announcement that the Chilean Nuclear... 

Relaxed export, production quotas an 'inflection point' for Chile's lithium industry

Rare earths company acquires critical metals portfolio in Namibia

16th March 2018 Heavy rare earth elements project developer Namibia Rare Earths (NRE) has completed the acquisition of a portfolio of critical metal properties from private firm Gecko Namibia, which will see NRE obtain a controlling interest in a portfolio of seven metals properties, thereby expanding its focus... 

Rare earths company  acquires critical metals portfolio in Namibia
RARE MINERALS Namibia Rare Earths has started exploring several mineral deposits across the country

South Africa discount no longer warranted, say analysts

By: Martin Creamer     15th March 2018 The so-called 'South Africa discount' that has dogged and diminished the share prices of mining companies operating in South Africa for decades, has been declared "unwarranted" by Goldman Sachs Europe Metals & Mining Equity Research analysts, against the backdrop of the winds of political change... 

South Africa discount no longer warranted, say analysts
Photo by Goldman Sachs
Share prices of Glencore and Anglo at 2013 levels, despite higher earnings, lower debt

Altura confirms talks with China’s Shaanxi J&R Optimum Energy

By: Esmarie Swanepoel     15th March 2018 The share price of junior Altura Mining gained by another 8% on Thursday after the company confirmed speculation that it had been in discussions with Shaanxi J&R Optimum Energy Company regarding a potential control transaction. The lithium developer told shareholders that the content of the... 

Pilbara draws-down Pilgangoora funding

By: Esmarie Swanepoel     15th March 2018 Lithium developer Pilbara Minerals has completed the first draw-down from its $100-million senior secured bond, advancing the Pilgangoora lithium/tantalum project, in Western Australia. The company has now drawn down nearly 50% of the total $100-million bond issue, having satisfied all... 

Neometals buys lithium rights in WA

By: Esmarie Swanepoel     15th March 2018 ASX-listed Neometals has inked an agreement to acquire the lithium rights of the Mt Edwards project, in Western Australia, for A$2.5-million. The Mt Edwards project is some 40 km south of the Mt Marion lithium project, in which Neometals holds a 13.8% interest. 

Paradigm shift required to position mining industry for long-term success

By: Henry Lazenby     15th March 2018 The long-term mindset of the mining industry will have to change to position itself for long-term success, set against an ever-changing landscape, says BHP Billiton's head for Minerals America, Daniel Malchuck. He told an audience during the keynote session of the recent Prospectors and... 

Paradigm shift required to position mining industry for long-term success
Photo by BHP Billiton
Escondida, Chile

Bald Hill produces first concentrate

By: Esmarie Swanepoel     14th March 2018 The Bald Hill lithium and tantalum mine, in Western Australia, has produced its first lithium concentrate, following the commissioning of a new dense media separation (DMS) circuit. ASX-listed Tawana Resources on Wednesday reported that the DMS would be ramped up to full production over the... 

Chile attempts to block China from prize lithium asset

By: Reuters     14th March 2018 Chile's government has asked antitrust regulators to block the sale of a 32% stake in Chilean lithium company SQM to a Chinese firm on the grounds it would give it an unfair advantage in the global race to secure resources to develop electric vehicles. Chile development agency Corfo, which... 

Hydrogen transport proposed for opencast mines

By: Martin Creamer     13th March 2018 Hydrogen transportation technology would be useful in large opencast mines, where a number of haul trucks operate in a limited radius, says RTS Africa Engineering MD Ian Fraser. Such an application could serve as a stepping stone to the realisation of the value of hydrogen technology in... 

Hydrogen transport proposed for opencast mines
Ian Fraser

Chile says companies to invest $754m in lithium industry

By: Reuters     10th March 2018 Chile's development agency Corfo said on Friday that companies from China and South Korea, as well as Chile, had been approved to make investments of around $754-million in the red-hot lithium industry. The companies selected in a bidding process to develop technology focused on the lithium... 

MGX funds development of technology to extract lithium from spodumene

By: Marleny Arnoldi     9th March 2018 Diversified resources company MGX Minerals has executed a letter of intent (LoI) with Orion Laboratories, in Tennessee, US, and Light Metals International (LMI), based in Vancouver, British Columbia, to jointly develop and commercialise a thermochemical process for extracting hard-rock lithium... 

Argentina Lithium adds a third lithium brine project to its portfolio

By: Marleny Arnoldi     9th March 2018 Argentina Lithium & Energy Corporation is expanding its lithium project portfolio in Argentina’s Lithium Triangle by acquiring an additional 14 000 ha on the Salar de Antofalla, in Salta province.  

Argentina Lithium adds a third lithium brine project to its portfolio

World's biggest mining show draws huge crowd, signalling mining investment optimism

By: Henry Lazenby     7th March 2018 The Prospectors & Developers Association of Canada's (PDAC's) 2018 convention, in Toronto, drew an international crowd of 25 606 people, in what is widely considered as a clear sign that optimism is returning to the mineral exploration and mining industry following several years of turmoil.... 

World's biggest mining show draws huge crowd, signalling mining investment optimism

AVZ finds offtake partner for DRC lithium project

By: Megan van Wyngaardt     7th March 2018 ASX-listed AVZ Minerals has signed a memorandum of understanding (MoU) with Guangzhou Tinci Materials Technology for potential investment in the company and offtake opportunities from the Manono lithium project, in southern Democratic Republic of Congo (DRC). Tinci is the largest battery... 

German ruling likely blessing in disguise for platinum - RBPlat 

By: Martin Creamer     6th March 2018 The German Federal Court ruling on diesel car emissions, which could cost transgressors eight-billion euros in fines a year, is seen as a likely blessing in disguise for platinum, Royal Bafokeng Platinum (RBPlat) CEO Steve Phiri said on Tuesday. The global backlash against diesel-engine cars,... 

German ruling likely blessing in disguise for platinum - RBPlat
Royal Bafokeng Platinum CEO Steve Phiri’s presentation of results is covered by Mining Weekly Online’s Martin Creamer. Photograph, Video & Video Editing: Darlene Creamer. Recorded 6.03.2018

Mining-specific staff recruitment, management app developed 

By: Mia Breytenbach     6th March 2018 To refine and improve the execution of recruitment within the mining industry, mining and engineering professionals recruiter TrueVine Consulting has developed a new, innovative online recruitment platform, called Digger. “Digger is a digital recruitment, talent management and staff retention... 

Mining-specific staff recruitment,  management app developed
Innovative mining-specific staff recruitment, management app developed. Editing: Darlene Creamer and Christo Greyling.

Global metals exploration likely to rise 20% in 2018 – S&P Global

By: Henry Lazenby     5th March 2018 Global mining exploration budgets are expected to swell about 20% in 2018, bolstered by the generally positive trend in metals prices extending into early 2018, a new report by S&P Global Market Intelligence has found. Global spending on the search for nonferrous metals rose 15% year-on-year in... 

Global metals exploration likely to rise 20% in 2018 – S&P Global

S&P's sees further improvement in most metal prices in year ahead

By: Megan van Wyngaardt     5th March 2018 Metals prices have benefited from the improved global economy and from a recently weaker US dollar, in which most commodities are valued, with the Standard & Poor's (S&P's) GSCI reaching a two-year high on January 26, aiding the uptick in global exploration, the research firm's 'World Exploration... 

S&P's sees further improvement in most metal prices in year ahead

Metallurgical tests confirm high-grade spodumene at Portugal project

By: Schalk Burger     5th March 2018 Aim-listed Savannah Resources on Monday reported that Phase 2 metallurgical test work at the Mina do Barroso lithium project, in Portugal, has confirmed that conventional metallurgical processes will produce a spodumene concentrate. “Test work confirms high-grade spodumene mineralisation with a... 

Australian spodumene conversion facility to add much needed capacity to the market – WoodMac

By: Schalk Burger     5th March 2018 Shenzen-based Tianqi Lithium’s construction of the 48 000 t/y Kwinana spodumene converter, in Australia, will add much needed spodumene conversion capacity to an expanding market, says Wood MacKenzie (WoodMac) managing consultant James Whiteside. The Kwinana converter will be the largest lithium... 

Siemens to enhance Magnis’ NY lithium-ion battery technology plant

By: Schalk Burger     5th March 2018 ASX-listed Magnis Resources, battery technology developer Charge CCCV and industrial equipment multinational Siemens have signed a letter of intent to enhance the lithium-ion manufacturing technology at the New York battery plant, in which Magnis has a shareholding, through digitisation and... 

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