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Lithium News

Kingston sells lithium assets

By: Esmarie Iannucci     5th July 2018 ASX-listed junior Kingston Resources will divest of its Bynoe and Arunta lithium tenements in the Northern Territory, for A$1.8-million. The sale of the lithium tenements comes shortly after Kingston sold its Mt Cattlin lithium tenements to fellow-listed Galaxy Resources for A$600 000 in cash... 

Piedmont finds land for lithium plant

By: Esmarie Iannucci     5th July 2018 Junior Piedmont Lithium has acquired a 60.6 acre parcel of land in North Carolina as a potential site for a planned lithium chemical plant. The site is some 20 miles from the proposed Piedmont lithium mine and concentrator, which would minimise the cost of freight for concentrate delivery to the... 

Nemaska signs 7 000 t/y lithium offtake agreement with LG Chem

By: Marleny Arnoldi     4th July 2018 Canada’s Nemaska Lithium and Korean chemical company LG Chem have signed an offtake agreement that provides for the supply of battery grade lithium hydroxide by Nemaska to LG.  

Mali lithium mine project economics improve – Birimian

By: Esmarie Iannucci     4th July 2018 An updated prefeasibility study (PFS) into the Goulamina lithium project, in Mali, has shown improved economics and an extended mine life on the back of an increase to the mineral resource. ASX-listed Birimian on Wednesday told shareholders that a two-million-tonne-a-year mineral concentrating... 

Mali lithium mine project economics improve – Birimian

Bankers have gone AWOL in the race to build more lithium mines

By: Bloomberg     3rd July 2018 After clinching a deal with a Chinese battery maker in 2016, James Brown figured bankers would be eager to fund his new lithium mine. Altura Mining was racing to ship the raw material from Australia to the world’s biggest electric vehicle market as demand was surging. Instead, while lithium... 

Bankers have gone AWOL in the race to build more lithium mines

Bacanora financing discussions in ‘final stages’

By: Simone Liedtke     2nd July 2018 LSE-listed Bacanora Lithium is in the “final stages” of discussions with financing and offtake partners regarding its plan for full funding for the construction of Stage 1 of its Sonora lithium project, in Mexico, the company reported on Monday. The process plant has been designed to initially... 

WA lithium taskforce sets first meeting

By: Esmarie Iannucci     28th June 2018 The Western Australian government’s lithium taskforce will holds its first consultation with industry and research representation on July 19, to discuss the Lithium and Energy Materials Strategy. The taskforce was announced in May this year, to capitalise on the region’s lithium and energy... 

Rincon gets initial resource estimate

By: Esmarie Iannucci     27th June 2018 Junior PepinNini Lithium has reported an initial 600 000 t lithium carbonate and 270 000 t potash measured and indicated resource for its Rincon project, in Argentina. An additional 6 000 t of lithium carbonate and 26 000 t of potash is also classified in the inferred category. 

Cadence to invest $5.1m into Premier’s Zulu lithium project

By: Marleny Arnoldi     27th June 2018 Aim-listed miner Premier African Minerals has entered into a conditional heads of terms (HoT) with UK-based mining investment firm Cadence Minerals, which will secure a direct investment in the Zulu lithium and tantalum project, in Zimbabwe.  

Ongoing fuel cell developments kindle hope for platinum demand 

By: Martin Creamer     26th June 2018 Ongoing hydrogen fuel cell developments across the globe are kindling hope for an eventual significant increase in platinum demand. This month alone, Hyundai Auto Canada took part in the official opening of Canada's first retail hydrogen fuelling station operated by Shell and Hydrogen Technology... 

Ongoing fuel cell developments kindle hope for platinum demand
Photo by Canadian Broadcasting Corporation
Shell hydrogen GM Oliver Bishop fuels a fuel cell Hyundai in Vancouver.

Hawkstone revisits US lithium buy

By: Esmarie Iannucci     26th June 2018 ASX-listed Hawkstone Mining has resurrected a transaction to acquire lithium projects in the US and Mexico. The company earlier this month withdrew from a March option over USA Lithium, which holds the Big Sandy and Lordsburg lithium projects, in Arizona and Mexico, respectively, after it failed... 

Core aims to establish NT's first lithium mine

By: Esmarie Iannucci     25th June 2018 A prefeasibility study (PFS) into the Finniss lithium project, in the Northern Territory, has estimated a pre-production capital requirement of A$53.5-million to develop a one-million tonne a year operation producing 225 000 t/y of lithium concentrate. ASX-listed Core Exploration on Monday said... 

Chile's SQM decides not to hire ex-chair Ponce as adviser

By: Reuters     25th June 2018 Chile lithium miner SQM said on Friday it had decided against hiring former chairman Julio Ponce as an adviser, reversing a decision that had sparked criticism from politicians and Chile's business community. SQM announced plans to hire Ponce earlier in June, just months after the miner inked a... 

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 Iannucci     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 Iannucci     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 Iannucci     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 Iannucci     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 Iannucci     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 Iannucci     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 Iannucci     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 Iannucci     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 Iannucci     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

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