R/€ = 17.08 Change: 0.00
R/$ = 16.78 Change: 0.00
Au 1775.14 $/oz Change: -15.04
Pt 937.50 $/oz Change: -2.00

Critical Minerals News

Weekly Commodities Market Wrap

28th March 2022 Coal markets continue to stabilise, with the back end of the curve having come up significantly in recent weeks. A great opportunity for coal producers to start locking in some forward pricing. Crude oil prices are looking tired, with Brent struggling to hold the $120 mark. With no shortage of... 

Davis’ Vision Blue leads £40m fundraising to revive historic UK tin mine

By: Mariaan Webb     28th March 2022 Vision Blue Resources (VBR), the specialist financing vehicle established by mining industry veteran Sir Mick Davis, on Monday announced a £25-million investment in Cornish Metals - a company reopening the historic South Crofty tin mine in the UK. VBR would purchase 138 888 889 units in TSX-V-... 

An image of the headgear at South Crofty
South Crofty in Cornwall, UK

Sienna excited about new lithium discovery at Blue Clay

By: Mariaan Webb     28th March 2022 Exploration company Sienna Resources has made a new lithium discovery on its Blue Clay project, in Nevada, encountering lithium values as high as 1 230 ppm. The discovery was made during its maiden drill programme at Blue Clay, which consists of 150 contiguous claims totalling 1 190 ha... 

WA miners contributed A$100bn to Australian economy - CME

By: Esmarie Iannucci     28th March 2022 Data released by the Chamber of Minerals and Energy for Western Australia (CME) has shown that the mining and resources sector had contributed some A$100-billion to the Australian economy. The CME said on Monday that an analysis of 56 Western Australian resources sector companies has found the... 

Goulamina demerger a step closer

By: Esmarie Iannucci     28th March 2022 ASX-listed Firefinch on Monday told shareholders that it would proceed with the demerger of its Goulamina lithium project, in Mali, after transferring the exploitation license into the joint venture (JV) company with Jiangxi Ganfeng Lithium. The transfer triggers a $170-million funding package,... 

Morgan Stanley flags EV demand destruction as lithium soars

By: Bloomberg     25th March 2022 Electric vehicle battery makers will need to raise prices by almost 25% due to soaring lithium carbonate prices, leading to crimped margins and possibly demand destruction, according to Morgan Stanley. Chinese prices for lithium carbonate, the key ingredient in many batteries, have jumped... 

Broken Hill battery gets approved

By: Esmarie Iannucci     25th March 2022 Energy provider AGL has taken an investment decision on it’s A$41-million Broken Hill battery with the Australian Renewable Energy Agency (ARENA) to provide A$14.84-million in funding for the project. The 50MW / 50 MWh lithium-ion large scale battery will be equipped with grid forming inverters... 

MMG commits to $600m DRC cobalt expansion

By: Mariaan Webb     24th March 2022 Base metals miner MMG has approved a $500-million to $600-million expansion of its Kinsevere operation in the Democratic Republic of Congo (DRC), extending the mine life for at least another 13 years. The Kinsevere expansion project will bring yearly production of copper cathode up to 80 000 t... 

An image of the plant at night
The Kinsevere operation in the DRC

Keliber receives mining permit for Rapasaari deposit

By: Creamer Media Reporter      24th March 2022 Finish explorer and developer Keliber, in which Sibanye-Stillwater is a large shareholder, has been granted a permit to mine lithium ore from its Rapasaari deposit and for the placement of a concentrator plant in the Päiväneva area. The Rapasaari deposit is located about 2 km south-east of... 

Mining firm backed by Bezos and Gates to begin Greenland drilling

By: Reuters     24th March 2022 Mineral exploration company KoBold Metals, backed by billionaires including Jeff Bezos and Bill Gates, said on Thursday it would begin drilling in Greenland for critical materials used in electric vehicles. KoBold, which uses artificial intelligence and machine learning to hunt for raw... 

Eagle Mountain raises funds for US exploration

By: Esmarie Iannucci     24th March 2022 Copper/gold explorer Eagle Mountain Mining is hoping to raise A$16-million through a share issue to fund exploration work at its Oracle Ridge copper mine, in Arizona. The ASX-listed company told shareholders it had received firm commitments for the placement of 35.5-million shares, at a price of... 

New study cuts Thunderbird costs

By: Esmarie Iannucci     24th March 2022 A new bankable feasibility study (BFS) into the Thunderbird mineral sands project, in Western Australia, has simplified the process flowsheet, resulting in lower capital costs and reduced margins. ASX-listed Sheffield Resources on Thursday reported that joint venture vehicle Kimberley Mineral... 

IEA wants mandate broadened to include critical minerals to avert new Russia-like vulnerabilities  

By: Terence Creamer     23rd March 2022 The head of the International Energy Agency (IEA) has called for an expansion of the organisation’s mandate and membership to enable it to support the global transition to a “clean and secure” energy future and to ensure that the world’s climate goals do not become “another victim of Russia’s... 

IEA executive director Fatih Birol
IEA executive director Fatih Birol

Vale Canada to supply nickel to Northvolt

By: Mariaan Webb     23rd March 2022 Diversified resources group Vale has announced a multi-year supply agreement with European battery developer Northvolt for low-carbon nickel products from its Canadian operations. Executive VP of base metals, Deshnee Naidoo, says the supply agreement is a strategic milestone for Vale, as it... 

Vale Canada to supply nickel to Northvolt

GGG launches legal battle over Kvanefjeld

By: Esmarie Iannucci     23rd March 2022 ASX-listed Greenland Minerals (GGG) has requested arbitration in its dispute with the governments of Greenland and the Kingdom of Denmark, over the future of its Kvanefjeld rare earths project. The Greenland government in November banned uranium mining, impacting the development of the... 

Image shows a hand holding rare earth minerals

Piedmont prices capital raise at $65 a share

By: Esmarie Iannucci     23rd March 2022 Lithium miner Piedmont Lithium on Wednesday announced the pricing of an upsized underwritten public offering of 1.75-million common stocks, revealing that it was aiming to raise some $113.7-million, with the stocks priced at $65 each. Piedmont earlier this week flagged the capital raise to help... 

Cobalt Blue starts underground development

By: Esmarie Iannucci     23rd March 2022 ASX-listed Cobalt Blue has started underground development at the Pyrite Hill operation, in New South Wales, to support demonstration plant activities. Some 3 500 t to 4 000 t of ore will be mined at Pyrite Hill to support 20 weeks of continuous operation of the demonstration plant, the company... 

Piedmont to raise cash for lithium drive

By: Esmarie Iannucci     22nd March 2022 US-based lithium miner Piedmont Lithium has announced plans to raise capital to help restart operations at the North American Lithium (NAL) operations, in Quebec. Nasdaq and ASX-listed Piedmont told shareholders that it would conduct a public offering of some 1.5-million shares of its common... 

Parliaments must act swiftly to reduce climate change – Mapisa-Nqakula  

By: Martin Creamer     22nd March 2022 National Assembly speaker Nosiviwe Mapisa-Nqakula on Monday urged heads of the world's Parliaments gathering at the 144th plenary assembly of the Inter-Parliamentary Union to undertake all necessary efforts to deal with climate change through oversight and the constitutional powers of the... 

South Africa's National Assembly speaker Nosiviwe Mapisa-Nqakula
South Africa's National Assembly speaker Nosiviwe Mapisa-Nqakula

Lithium battery capacity to grow five-fold - Woodmac

By: Esmarie Iannucci     22nd March 2022 Advisory firm Wood Mackenzie (Woodmac) has flagged a potential five-fold increase in global cumulative lithium-ion battery capacity, to 5 500 GWh between 2021 and 2030. Woodmac on Tuesday said that the Asia Pacific region, led by China, accounted for 90% of the world’s battery manufacturing in... 

KGL strikes copper deal with Glencore

By: Esmarie Iannucci     22nd March 2022 ASX-listed KGL Resources has inked a binding offtake agreement with mining major Glencore over all of the copper concentrate to be produced at its Jervois mine, in the Northern Territory. The evergreen agreement would have minimum term of five years from the start of commercial production with... 

White House to meet with Exxon, other firms on Russia sanctions

By: Bloomberg     21st March 2022 President Joe Biden’s administration will brief banks, energy companies and other firms Monday on the impact of Russia’s invasion of Ukraine and ensuing sanctions. Treasury Secretary Janet Yellen, National Security Advisor Jake Sullivan and other top officials will host an off-record discussion... 

NioBay suspends James Bay exploration to meet with First Nation

By: Creamer Media Reporter      18th March 2022 Critical minerals exploration company NioBay Metals has suspended all exploration activities on the James Bay niobium project, near Moosonee, in Ontario, to consult with the Moose Cree First Nation (MCFN). The company on Thursday received a letter from MCFN, which stated that a survey of the... 

Anglo partnership secures 100% renewable energy supply for South Africa operations 

By: Martin Creamer     18th March 2022 Diversified mining and marketing company Anglo American has signed a memorandum of understanding with global renewable energy company EDF Renewables to work together towards developing a regional renewable energy ecosystem in South Africa. The regional renewable energy ecosystem is expected to be... 

Picture supplied.
Anglo American management board chairperson in South Africa Nolitha Fakude.

Ontario unveils critical minerals strategy

By: Creamer Media Reporter      18th March 2022 As innovation and technology drive dramatic changes to the world’s economy, Ontario is positioning itself to be a global leader in supplying the critical minerals that will fuel that change with the release of its first-ever Critical Minerals Strategy. The strategy, unveiled by Premier Doug Ford... 

Covid forces changes to Mt Peake plans

By: Esmarie Iannucci     18th March 2022 ASX-listed TNG has reached an agreement with ts long-term strategic engineering partner, German- based metallurgical engineering firm SMS group over a revised project execution strategy for the Mount Peake vanadium/titanium/iron project, in the Northern Territory. TNG last year took the... 

Stellar starts share trading

By: Esmarie Iannucci     18th March 2022 Junior Stellar Metals started share trading on the ASX on Friday, following an initial public offering (IPO) in which it raised A$7-million. The company is actively targeting battery minerals in its portfolio of five prospective copper and zinc projects in South Australia. 

Ardea's WA nickel project granted Major Project status

By: Esmarie Iannucci     18th March 2022 ASX-listed Ardea Resources’ A$1.16-billion Kalgoorlie nickel project has been granted Major Project status by the federal government. The project will produce cobalt-nickel ore which will undergo a process to produce mixed hydroxide precipitate, which is used as raw material in the growing... 

Image shows dump truck and nickel ore stockpiles

Brazilian mine benefits from cooling system installation

By: Halima Frost     18th March 2022 Mine ventilation, refrigeration and cooling engineering consultant BBE Group has successfully completed the installation of a ventilation and cooling system at the Caraíba mine in the Curaçá river valley, in Brazil. The deepening of a shaft to open up a new orebody in the mine had put the... 

Large yellow pipes and a filtration system in a mine in Brazil that allow for fresh air to be pumped into the shaft for better breathing
DEEP BREATH BBE have successfully installed an underground ventilation system at a mine in Brazil

New blasting system improves safety

By: Halima Frost     18th March 2022 Having developed, and now busy testing its second-generation WebGen™ 200 in Australia and Canada, mining and infrastructure solutions provider Orica says its trials have shown improved safety and productivity across operations.   The WebGen™ 200, a wireless electronic blasting system with... 

The second-generation WebGen 200 range of wireless initiating systems form small to large, in orange, yellow and green
EXPLOSIVE STUFF The second-generation WebGen 200 range of wireless initiating systems is being tested in Australia and Canada

VW joins sustainable mining initiative to boost scrutiny

By: Reuters     17th March 2022 Volkswagen has joined a group that sets environmental and social standards in mining as the world's No.2 carmaker steps up efforts ensure its raw materials are sustainable, especially in electric vehicles (EVs). Big companies have come under increasing pressure from shareholders and consumers... 

Now’s the time for full energy freedom, says green hydrogen stalwart Andrew Forrest 

By: Martin Creamer     17th March 2022 Let’s give energy sovereignty to the world. Renewable energy is everywhere. Every country can produce it. Now is the time to capture it, and have full energy freedom, enthused Fortescue Metals Group nonexecutive chairperson Andrew Forrest, while being interviewed by CNN anchor Christiane... 

Creamer Media screen shot.
Photo by Creamer Media
Fortescue Metals Group nonexecutive chairperson Andrew Forrest (right), being interviewed by CNN anchor Christiane Amanpour.

Sibanye closes €5m equity investment in Keliber

By: Creamer Media Reporter      17th March 2022 Precious and battery metals company Sibanye-Stillwater has closed the final tranche of its €30-million investment in lithium firm Keliber and now owns about 30% of the Finnish company. In the final tranche, Sibanye subscribed for 125 000 shares for €5-million. This followed a €15-million... 

Volt forced into a trading halt

By: Esmarie Iannucci     17th March 2022 Share trading in graphite producer Volt Resources has been temporarily halted as the company struggles to finalise its half-year results, given the conflict in the Ukraine. Volt in 2021 acquired a 70% interest in the Zavalievsky graphite business, in the Ukraine. 

Pensana completes FEED, notes lower Saltend, Longonjo development costs 

By: Donna Slater     16th March 2022 Magnet metal and rare earths miner Pensana has completed the front-end engineering design (FEED) for its UK-based Saltend rare earths production facility and its Angola-based Longonjo mine, reducing the capital expenditure costs of the projects and improving its operating profitability. A... 

Markets must adapt to lack of Russian, Ukrainian commodities, Glencore says

By: Reuters     16th March 2022 Global commodity markets will need to adapt to a lack of supply from Russia and Ukraine, global miner and commodities trader Glencore said in its annual report on Wednesday. "Over time, global commodity trade flows will need to adapt to some or all of Russian/Ukrainian supply being unavailable,... 

New strategy and more funding for critical minerals

By: Esmarie Iannucci     16th March 2022 The Australian government on Wednesday unveiled a package of measures to unlock Australia’s critical minerals potential, including a A$200-million Accelerator grants program, A$50-million to support research and development and an updated industry strategy. Prime Minister Scott Morrison said... 

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