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Lithium News

Lithium Chile expands Helados lithium brine property

By: Henry Lazenby     7th February 2018 Junior explorer Lithium Chile has added a further 5 900 ha of prospective land to its Helados lithium brine property, where near-surface brine samples have assayed up to 1 280 mg/ℓ lithium. In a news release on Tuesday, Lithium Chile stated that near-surface brine sample lithium assays from this... 

Investment poised to increase in Chile – central bank survey

By: Reuters     6th February 2018 Chile's economy is poised to improve by mid-year as rebounding copper prices and President-elect Sebastian Pinera's promise of business-friendly policies increase optimism among investors, according to a central bank survey released on Tuesday. The study, which surveyed the perceptions of more... 

Bacanora appoints CFO and new board member

By: Creamer Media Reporter      6th February 2018 London- and Canada-listed lithium company Bacanora Minerals has appointed former Gemfields finance chief Janet Boyce as its CFO with immediate effect. Boyce is replacing Derek Batorowski, who is stepping down to pursue other business interests. Batarowski will continue to serve as Bacanora... 

Dempsey gets a foot in the lithium brine door

By: Mariaan Webb     6th February 2018 Australia-based Dempsey Minerals has moved to secure a landholding in what is arguably the most productive lithium brine basin in Argentina at a time when the lithium market is experiencing significant growth. The company announced on Tuesday that it had entered into an exclusive option agreement... 

Dempsey gets a foot in the lithium brine door

Tawana secures A$5m loan for Bald Hill

By: Creamer Media Reporter      5th February 2018 ASX-listed Tawana Resources subsidiary Lithco, which holds the company’s 50% interest in the Bald Hill lithium and tantalum mine, has executed a binding A$5-million loan agreement with Red Coast Investment, a company nominated by Germany’s Weier Antriebe und Energietechnik. Weier is a subsidiary... 

Electric cars and niche metals lure cash back to African mines

By: Bloomberg     2nd February 2018 Rising commodity prices may have revived enthusiasm for African resources, but it’s unlikely to be the old mainstays of coal and iron ore pulling crowds next week as the mining industry meets in Cape Town. The electric-vehicle boom and shifting industrial demand have transformed formerly niche... 

Electric cars and niche metals lure cash back to African mines

Thor to update DFS for NT tungsten project

By: Schalk Burger     1st February 2018 Aim- and ASX-listed Thor Mining on Thursday announced that it had approved an upgraded definitive feasibility study (DFS) for its Molyhil tungsten project, in Northern Territory, Australia. The company is preparing to review capital and operating expense parameters for the upgraded Molyhil DFS,... 

Bacanora says it remains committed to NextView deal

By: Creamer Media Reporter      1st February 2018 UK- and Canada-listed lithium company Bacanora said on Thursday that the completion date of its previously announced equity offering with Chinese institutional fund management group NextView had been extended, but confirmed that both parties remained committed to the funding deal. In December,... 

Lithium Australia to build large-scale lithium reclamation pilot plant

By: Schalk Burger     1st February 2018 ASX-listed Lithium Australia will build a large-scale pilot plant to recover lithium chemicals from micas in industrial waste streams using its SiLeach technology, the company said in a statement on Thursday. “Lithium Australia now has sufficient confidence in its SiLeach technology to commit to... 

Lithium Australia to build large-scale lithium reclamation pilot plant
Lithium Australia pilot plant

Prospect raises $10m for Zimbabwe lithium mine development

By: Megan van Wyngaardt     31st January 2018 Southern Africa-focused lithium and gold mining and exploration company Prospect Resources has raised $10-million before costs, through an oversubscribed share placement of 166-million shares at 6c apiece. The ASX-listed company said on Wednesday that it would use the funds to accelerate the... 

Australia must grab $2tr downstream lithium opportunity with both hands

By: Megan van Wyngaardt     30th January 2018 Australia has the opportunity to expand its lithium value chain by an estimated $2-trillion in the next two years, a report revealed on Tuesday. In the Future Smart Strategies' report, titled 'A lithium industry in Australia: A value chain analysis for downstreaming Australia's lithium... 

Chile open to increasing SQM lithium quota to satisfy Tesla – Corfo

By: Reuters     29th January 2018 Chile is open to negotiating an additional quota of lithium for local miner SQM to meet potential demand from US electric car-maker Tesla, Eduardo Bitran, head of Chilean development agency Corfo, told Reuters on Monday. Bitran said Tesla and SQM were "exploring" opportunities after Tesla... 

Battery metals demand will boost African exploration

By: Nadine James     26th January 2018 The exponential boost in demand for battery metals, in light of electric vehicle market growth, will drive exploration and investment in Africa, the 2018 Investing in African Mining Indaba panel on Energy Metals has determined. The discussion, live-streamed last month, was a preview of the panel... 

Battery metals demand will boost African exploration
Photo by Bloomberg
INDUSTRY CHARGING AHEAD As the electric vehicle industry has committed to the lithium-ion battery, cobalt and lithium demand is 'locked in' for the foreseeable future

Achieve sustainability through long-term budgets, risk assessments on health

By: Marleny Arnoldi     26th January 2018 For operational sustainability in the mining industry, mining decisionmakers need to take a proactive approach to protect and promote worker health, supporting productivity and to reduce legal liabilities associated with occupational disease. All of these could have significant direct and... 

Achieve sustainability through long-term  budgets, risk assessments on health
OFTEN OVERLOOKED International SOS says health risks are not always easy to quantify and end up being under-appreciated in mining companies’ budget allocations

Energy-focused miner evolving beyond fossil fuels

By: Marleny Arnoldi     26th January 2018 Botswana-focused coal and energy development company Shumba Energy will continue to benefit from its geographical and market positioning this year and beyond, says Shumba Energy chairperson Alan Mitchell Clegg.  

Energy-focused miner evolving beyond fossil fuels
Photo by Bloomberg
COAL MATTERS Bulk commodities, such as coal, continue to resurge, eventually translating into positive stock-market valuations

Exhibitor cautiously optimistic about 2018

By: Nadine James     26th January 2018 Analytical services provider African Mineral Standards (AMIS) – a subsidiary of JSE-listed industrial group Torre Industries – is a producer of mineral certified reference materials (CRMs) and has a core focus on analytical services related to mining and exploration, which they will exhibit at... 

Exhibitor cautiously optimistic about 2018
SIGNED, SEALED, DELIVERED AMIS’ offering of certified reference materials can be used for analytical method validation, calibration of analytical equipment and in procedural quality control programs in assay laboratories

Plymouth to become Infinity Lithium, puts Gabon potash assets on the block

By: Mariaan Webb     25th January 2018 ASX-listed Plymouth Minerals, which is earning in to the San Jose lithium/tin project in Spain, has announced that it will sell its potash assets and change its name to reflect its sole focus. In an emailed newsletter, CEO and MD Adrian Byass said on Thursday that the name change to Infinity... 

Tin International secures additional exploration licence near Sadisdorf

By: Natasha Odendaal     25th January 2018 ASX-listed Lithium Australia’s partner Tin International has been granted an additional exploration licence covering 15 km2 around the Hegelshöhe hillside, just 5 km southeast of the Sadisdorf licence, in Saxony, Germany. Lithium Australia is party to a farm-in and joint-venture agreement with... 

Savannah creates lithium business development director role

By: Creamer Media Reporter      25th January 2018 Aim-quoted resource development company Savannah Resources has created a new non-board position of lithium business development director and has appointed Martin Steinbild to the role. Steinbild has significant experience in the lithium industry, having previously worked for Rockwood Lithium,... 

Britain funds satellite hunt for new minerals

By: Reuters     25th January 2018 The British government has handed out £850 000 for research that uses satellites to identify deposits of minerals, including battery metal lithium, as part of efforts to bolster the economy after the exit from the European Union. The project named the Satellite Applications Catapult is seeking... 

Benchmark downplays investor fears of looming lithium oversupply, subsequent price crash

By: Henry Lazenby     25th January 2018 London-based Benchmark Mineral Intelligence has downplayed top-level investor fears this week regarding the potential for lithium market oversupply and an inevitable price crash to follow. The energy metals-focused research company pointed out that rumours about up to 180 000 t/y of added lithium... 

Benchmark downplays investor fears of looming lithium oversupply, subsequent price crash

Ford complains rising metals costs hurt profits, rivals unphased

By: Reuters     24th January 2018 When Ford Motor reports fourth-quarter results on Wednesday afternoon, it is expected to fret that rising metals costs have cut into profits, even as rivals say they have the problem under control. Aluminium prices have risen 20% in the last year and nearly 11% since December 11. Steel prices... 

Goldman, Citi final bidders for Scotiabank's metals business – sources

By: Reuters     24th January 2018 The field of prospective bidders for ScotiaMocatta, the metals trading arm of Canada's Bank of Nova Scotia, has narrowed to two, three banking and industry sources said on Wednesday. The two - Goldman Sachs Group and Citi - are undertaking due diligence checks, the sources said. 

Poseidon drills for lithium in Western Australia

By: Megan van Wyngaardt     23rd January 2018 ASX-listed Poseidon Nickel has started a 4 000 m drilling programme at its Medusa lithium project, near its Lake Johnston operations, which would fast-track the company's geological understanding and infill drill hole planning at the Western Australian project. Poseidon contracted Core Drilling... 

Sayona buys another lithium project in Quebec

By: Mariaan Webb     23rd January 2018 ASX-listed junior Sayona Mining has announced the staged acquisition of the Tansim lithium exploration project, 82 km south-west of its Authier lithium project, in Quebec. The Tansim project comprises 65 mineral claims of 12 000 ha and is prospective for lithium, tantalum and beryllium. 

Zimbabwe may scrap local ownership rule on platinum, diamonds

By: Bloomberg     23rd January 2018 Zimbabwe, which has the world’s second-biggest platinum reserves, may lift a requirement that companies mining the metal or diamonds must be at least 51%-owned by black citizens of the country, President Emmerson Mnangagwa said. Mnangagwa, who became president in November after Robert Mugabe... 

Resilient Lonmin delivers sturdy output, extracts cash from tailings

By: Martin Creamer     22nd January 2018 Embattled but resilient platinum company Lonmin, which is enthusiastically embracing the Sibanye-Stillwater’s offer made to it, did all its stakeholders proud in the fatality-free first quarter of its new financial year by putting in a sturdy operational performance that saw sales rise 9%,... 

Resilient Lonmin delivers sturdy output, extracts cash from tailings
Lonmin CEO Ben Magara

Sula to pursue DRC cobalt opportunities as it changes name to African Battery Metals

By: Mia Breytenbach     19th January 2018 Multicommodity exploration and development company Sula Iron & Gold, which has changed its name to African Battery Metals (ABM), will now focus on developing its cobalt exploration licences in the Democratic Republic of Congo (DRC). Trading in the company’s shares under the new name started on... 

China's proposed dual-credit scheme can reshape the EV market – WoodMac

By: Henry Lazenby     19th January 2018 China's electric vehicles (EV) market has grown exponentially to overtake the US as the world's largest EV market, thanks to heavy government subsidies to spur growth in the emerging automotive sector. However, research and consultancy firm Wood Mackenzie (WoodMac) warns that these subsidies are... 

New ‘disruptive’ mine borer heads for Indaba unveiling

By: Martin Creamer     18th January 2018 A new Proudly South African mine tunnel borer that requires no blasting, delivers higher production advances, comes with a collaboration imprimatur and can be retrofitted to existing operations, will be unveiled at next month’s Mining Indaba in Cape Town and commissioned in the third quarter of... 

New ‘disruptive’ mine borer heads for Indaba unveiling
Photo by Duane Daws
Danie Pretorius

Tracking Europe's waste: 'There's gold in them landfills'

By: Reuters     18th January 2018 Some of Europe's richest deposits of valuable materials are in the trash, ranging from gold in smartphones to cobalt in electric car batteries, according to a survey of urban mining published on Wednesday. Scrap vehicles, batteries, computers, fridges and other electronic and electrical waste... 

Chile's Corfo, SQM strike deal in lithium dispute

By: Reuters     18th January 2018 Chilean development agency Corfo said on Wednesday that it had struck a deal with lithium company SQM, ending a long dispute over royalties in Chile's Salar de Atacama, home to one of the world's richest lithium deposits. The deal frees the miner to apply for an increase in its production quota... 

Canadian miners welcome new federal business ethics ombudsman

By: Henry Lazenby     18th January 2018 Canada’s Liberal government has introduced a new federally mandated Ombudsman for Responsible Enterprise (CORE) to investigate human rights complaints about the overseas operations of Canadian companies. The watchdog will investigate complaints and, if warranted, will make recommendations to... 

Canadian miners welcome new federal business ethics ombudsman

WoodMac urges automakers to ‘get out their chequebooks’, secure energy metal supplies

By: Henry Lazenby     17th January 2018 Auto manufacturers are ramping up strategies to cash in on the accelerating worldwide acceptance and demand for electric vehicles (EVs), prompting advice from research and consultancy group Wood Mackenzie for automakers to ‘get out their chequebooks’ and take stakes in mines or new mine projects... 

WoodMac urges automakers to ‘get out their chequebooks’, secure energy metal supplies

IronRidge expands Ghana lithium prospects

By: Anine Kilian     17th January 2018 Aim-listed IronRidge Resources has further expanded its lithium interests in Ghana, with the acquisition of a highly prospective pegmatite tenure adjacent to its Ewoyaa prospect. The company entered conditional and binding terms with wholly owned Ghanaian company Joy Transporters, providing... 

DRA expands Asia-Pacific footprint

By: Martin Creamer     17th January 2018 Global engineering, project delivery, contract operations specialist and asset management group DRA’s acquisition of Perth-based Minnovo expands its Australian footprint and adds depth to its metallurgical, engineering, procurement, project management, construction and commissioning capabilities... 

DRA expands Asia-Pacific footprint
Photo by Duane Daws
DRA CEO Wray Carvelas

Zim govt flags Prospect’s lithium project as priority

By: Natasha Odendaal     17th January 2018 ASX-listed Prospect Resources’ flagship lithium deposit has been identified as a priority mining development by Zimbabwe’s Office of the President and Cabinet. The Arcadia lithium project has been selected following the new Zimbabwean government’s directive that the Ministry of Mines and Mining... 

Global Geoscience appoints Amec for US lithium project study

By: Creamer Media Reporter      17th January 2018 Australia-based lithium/boron mine developer Global Geoscience has selected Amec Foster Wheeler as the engineering and design firm to complete the prefeasibility study (PFS) for the Rhyolite Ridge project in the US. Announcing the appointment on Wednesday, Global Geoscience MD Bernard Rowe said... 

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