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Critical Minerals News

Aussie miners move to allay shareholder fears following Moz attack

By: Esmarie Iannucci     9th June 2022 An insurgent attack at a mine project in the Cabo Delgado province, in Mozambique, has seen ASX-listed miners operating in the region scramble to assure shareholders. The insurgent attack happened at a mine project near Ancuabe, some 200 km from ASX-listed Syrah Resources’ Balama project, as well... 

Amec hoping to lure Asian investors to critical minerals

By: Esmarie Iannucci     9th June 2022 The Association of Mining and Exploration Companies (AMEC) has today launched the AMEC Critical Minerals Investment Opportunities document in three languages aimed at informing Asian investors into the investment opportunities in the country. “There is a growing investment interest in Asia for... 

American startup EnergyX out of Bolivian lithium race

By: Reuters     9th June 2022 American startup EnergyX and Argentine energy firm Tecpetrol have been disqualified from a race to mine Bolivian lithium, the government said, as the country aims to tap its vast resources in partnership with one or more foreign companies. Bolivia has the world's largest lithium resources but it... 

Qld expands RCOE

By: Esmarie Iannucci     9th June 2022 The Queensland government has put forth a further A$5.7-million from the 2022-23 State Budget to further expand the Mackay Resources Centre of Excellence (RCOE), enabling it to become a key player in Queensland’s new economy minerals sector. Treasurer and Minister for Trade and Investment... 

S.Korea's LG Energy Solution launches nickel processing plants in Indonesia

By: Reuters     8th June 2022 South Korea's LG Energy Solution (LGES) on Wednesday broke ground on nickel processing plants in Indonesia, part of the company's $9.8-billion investment in the country to produce electric vehicle batteries. The company will build a $3.5-billion smelter with the capacity to produce 150 000 t of... 

Albemarle risks shutting German plant if EU declares lithium a hazard

By: Reuters     8th June 2022 Top lithium producer Albemarle may have to shut its Langelsheim plant in Germany if the metal used in electric vehicle batteries is declared a hazardous material by the European Union, its finance chief told Reuters. Lithium's pivotal role in electric vehicles makes it an important commodity in... 

Bolivia still evaluating six firms for lithium mining partnerships

By: Reuters     8th June 2022 Bolivia has narrowed to six from eight the list of competing foreign firms vying to tap its vast lithium resources, Energy Minister Franklin Molina said on Tuesday, part of the country's most ambitious effort yet to extract the metal. Bolivia has the world's largest resources of lithium, the... 

Western Areas marks last day of share trading

By: Esmarie Iannucci     8th June 2022 The scheme of arrangement between nickel miner Western Areas and fellow-listed Independence Group (IGO) is now legally effective, after the Supreme Court of Western Australia backed IGO’s takeover bid, and the lodgement of the orders with the Australian Securities and Investment Commission... 

Increased efficiency cuts carbon, advances net-zero path, research finds  

By: Martin Creamer     8th June 2022 Like all other key industries, mining is having to advance along a net-zero path as part of the global decarbonisation drive. Gone are the days when innovation and financial improvement can be sold on their own without a carbon advantage. (Also watch attached Creamer Media video.) 

Creamer Media screenshot.
Rocsole CEO Mika Tienhaara interviewed by Mining Weekly's Martin Creamer. Video: Darlene Creamer.

Rare earths mining marking time amid prospecting bid to explore on same site 

By: Martin Creamer     7th June 2022 A rare earths development is marking time owing to a prospecting right appeal to explore where a mining right has already been granted, Steenkampskraal chairperson Trevor Blench disclosed at last week’s Junior Indaba. The Steenkampskraal mine contains all fifteen rare earths, including those that... 

Picture supplied
Steenkampskraal chairperson Trevor Blench.

Ansto helps with new lithium extraction method

By: Esmarie Iannucci     7th June 2022 Australia’s Nuclear Science and Technology Organisation (ANTSO) has joined forces with ASX-listed Lithium Australia to develop a world-first technology to extract more lithium from lithium mining waste, in a game-changer for Australian lithium industry. In a statement this week ANTSO noted that... 

Volt finds offtake partner for Tanzanian project

By: Esmarie Iannucci     7th June 2022 ASX-listed Volt Resources has inked a letter of intent (LoI) with battery anode material producer Graphex Group for the sale of 5 000 t/y of graphite from its Bunyu project, in Tanzania, for a period of ten years from the start of production. The LoI is non-binding and would see the parties... 

Liontown and Tesla make offtake official

By: Creamer Media Reporter      6th June 2022 Australia’s Liontown and electric vehicle (EV) manufacturer Tesla have executed a full-form agreement for the supply of spodumene concentrate from the Kathleen Valley lithium project, in Western Australia. The full-form agreement expands the detail on the material terms agreed in the binding... 

Trek accelerates battery metals strategy with WA manganese acquisition

By: Mariaan Webb     6th June 2022 ASX-listed Trek Metals on Monday announced the proposed acquisition of the advanced South Woodie Woodie manganese project in the Pilbara, accelerating its battery metals strategy. Trek has entered into a binding scheme implementation agreement under which it will acquire the shares of unlisted... 

Battery metals index to launch in Toronto

By: Mariaan Webb     6th June 2022 The Toronto Stock Exchange has announced the launch of a new battery metals index, which will measure the performance of TSX and TSX-V-listed companies that are focused on the production and exploration of metals involved in the decarbonisation of the transportation sector. 

Biden keeps funds flowing to build US EV supply chain

By: Bloomberg     6th June 2022 President Joe Biden has taken lots of heat for stoking inflation with government spending. It’s not stopping him from keeping the spigot open to fund a domestic electric vehicle supply chain. The latest sum of support was tucked into the Ukraine aid bill that Biden signed into law late last... 

An image of US President Joe Biden
US President Joe Biden

Circular economy prompting steel, oil, carbon recovery from end-of-life mine truck tyres  

By: Martin Creamer     6th June 2022 Highest and best use of ultra-large end-of-life mine truck tyres is being brought about by a change to the model in which resources are mined, made into products, and then become waste. Just one of these giant tyres can weigh 4.5 t and stand 14 feet tall. Put five of the 63-inch variety into a... 

Picture supplied.
Kal Tire’s Dan Allan speaks to Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Energy transition will require many times more metals than are currently mined

By: Darren Parker     3rd June 2022 Given the rate of population growth, a 10% penetration of electric vehicles (EVs) into the automotive market by 2030 would require the mining industry to produce about ten times more metals than what it currently produces, Rainbow Rare Earths CEO George Bennett has said. “Most people don't... 

South Africa can only achieve 5% of global exploration spend if we cut the red tape – Smart  

By: Darren Parker     3rd June 2022 South Africa can achieve 5% of global exploration spend if government were to “cut the red tape” that is hurting the mining and exploration industry more than it is helping it, diversified metals explorer Orion Minerals CEO Errol Smart told delegates at the Junior Indaba this week. “The... 

Orion Minerals CEO Errol Smart
Orion Minerals CEO Errol Smart

Chile open to all paths to lithium mining, Minister says

By: Reuters     3rd June 2022 Chile's Mining Minister on Thursday said the country was open all paths to develop its lithium reserves and would work to rebuild trust after its supreme court voided two contracts for the battery metal because of opposition from indigenous groups. The supreme court on Wednesday accepted appeals... 

Stellantis secures lithium supply from California for EV batteries

By: Reuters     2nd June 2022 Stellantis has secured lithium essential for its electric vehicle production in North America from a project in California, as carmakers worldwide scramble to secure supply of the battery metal key to the electric vehicle revolution. Controlled Thermal Resources (CTR) will supply the owner of... 

Queensland Pacific inks offtake deal

By: Esmarie Iannucci     2nd June 2022 ASX-listed Queensland Pacific Metals (QPM) has entered into a binding ore supply agreement with New Caledonia-based Société des Mines de la Tontouta (SMT) for the supply of up to 600 000 t/y of ore. The agreement would span a ten-year period, and will be targeting a typical limonite ore... 

Ionic plans for further rare earths exploration in Uganda

By: Darren Parker     1st June 2022 Rare earth elements (REE) developer Ionic Rare Earths has conducted a review to establish further exploration potential at its Makuutu project, in Uganda, and plan the work programmes to be conducted over the next 12 months. This followed on the back of a May 3 update to the Makuutu mineral... 

Far-reaching JSE reforms highlighted at exploration-focused Junior Indaba 

By: Martin Creamer     1st June 2022 The June 1 launch of the JSE’s new Cutting Red Tape initiative to make listing on the JSE considerably easier, faster and more sustainable is twinning with JSE’s recent private placements inventiveness that provides for the raising of capital in the private market for minerals exploration and the... 

Picture supplied by JSE.
JSE head of origination and deals Sam Mokorosi.

Pilbara and Calix firm up partnership, as new lead is announced at Pilbara

By: Esmarie Iannucci     1st June 2022 Lithium developer Pilbara Minerals has inked a binding memorandum of understanding (MoU) with fellow-listed Calix supporting the development of a Mid-Stream lithium chemicals opportunity at Pilbara’s Pilgangoora operation, in Western Australia. The MoU followed the award of a A$20-million grant... 

Nordic Nickel starts trading on the ASX

By: Esmarie Iannucci     1st June 2022 Newly minted Nordic Nickel has started share trading on the ASX, following a A$12-million initial public offering (IPO). The company issued some 115.2-million shares during its IPO, at a price of 25c each. 

Sedibelo Platinum to play important part in South Africa’s green hydrogen effort – Frandsen  

By: Martin Creamer     31st May 2022 Sedibelo Platinum Mines, in South Africa’s North West province, will be playing a very important part in South Africa's green hydrogen effort to ensure that it contributes to a greener South Africa, chairperson Arne Frandsen assured Mining Weekly on Tuesday. Frandsen is the managing partner and... 

Creamer Media screenshot
Pallinghurst Group's Arne Frandsen interviewed by Mining Weekly's Martin Creamer. Video: Darlene Creamer.

IGO not expecting cost pressures to ease

By: Esmarie Iannucci     31st May 2022 Battery metals group Independence Group was not expecting cost pressures for the mining industry to ease in future, with CEO and MD Peter Bradford saying industry participants would instead have to adjust to a ‘new normal’. “We have taken a more simple approach [to cost predictions]. So... 

Kalium Lakes readies for sale, required more cash

By: Esmarie Iannucci     31st May 2022 Potash developer Kalium Lakes is targeting first commercial sales from its Beyondie sulphate of potash (SOP) project, in Western Australia, for July this year. “We are very pleased that through recent equipment testing and the production of SOP we have been able to validate the overall process... 

Talga starts trial mining in Sweden

By: Esmarie Iannucci     31st May 2022 ASX-listed Talga has started trial mining at its Niska South deposit, at the Vittangi graphite project, in Sweden. Following the successful first phase of trial mining in the fourth quarter of last year, the company is planning to extract the balance of the permitted 25 000 t of graphite ore... 

Leo Lithium's IPO draws a crowd

By: Esmarie Iannucci     31st May 2022 Lithium spin-off Leo Lithium has raised A$100-million in its initial public offering (IPO). ASX-listed Firefinch on Tuesday said that the IPO, which had comprised a pro-rata offer to eligible Firefinch shareholders, a shortfall offer and an offer to Firefinch, received strong support from... 

Image shows the ASX building

Liontown and Tesla extend talk deadline

By: Esmarie Iannucci     30th May 2022 Lithium developer Liontown Resources has reached an agreement with electric vehicle (EV) major Tesla to extend the termination date for its binding offtake term sheet until June 6. The two companies in February inked an offtake term sheet under which Liontown would supply up to 150 000 t/y of... 

Goldman says bull market in battery metals is finished for now

By: Bloomberg     30th May 2022 Goldman Sachs Group said the price of three key battery metals -- cobalt, lithium and nickel -- will drop over the next two years after investors wanting exposure to the green-energy transition piled in too quickly. “Investors are fully aware that battery metals will play a crucial role in the... 

Goldman says bull market in battery metals is finished for now

Talga grows graphite resource in Sweden

By: Esmarie Iannucci     27th May 2022 ASX-listed Talga has reported a 54% increase in the resource estimate for its Vittangi graphite project, in Sweden, adding more than 10-million tonnes to Europe’s largest graphite resource. The Vittangi project is now estimated to host a mineral resource of some 30.1-million tonnes of graphite... 

Sayona raises A$190m for NAL's start in 2023

By: Esmarie Iannucci     27th May 2022 Lithium developer Sayona Mining on Friday announced a successful A$190-million institutional placement to fund the 2023 restart of its North American Lithium (NAL) operations in Québec. Sayona told shareholders that it had received firm commitments for the placement of more than one-billion... 

Image shows stacked coins

Botswana mining sector on the rebound

By: Halima Frost     27th May 2022 The Botswana mining sector is on the rebound, following the onset of the Covid-19 pandemic, as well as the sustained period of subdued commodities prices from 2015 to 2019, industry organisation Botswana Chamber of Mines CEO Charles Siwawa tells Mining Weekly. He adds that the rebound can be... 

A large uncut diamond on a bed of black kimberlite from a mine in Botswana
DIAMOND IN THE ROUGH The mining sector in Botswana holds great potential for investors according to the Botswana Chamber of Mines

JV stalls, but still on offer

27th May 2022 Diamond exploration company Botswana Diamonds (BOD) announced earlier this month that, despite intensive advanced and ongoing discussions with interested parties, the board has been unable to secure a new joint venture (JV) partner to acquire the Ghaghoo mine, in Botswana before the extended... 

A mine vehicle moving into the mouth of the Ghaghoo mine in Botswana which is up on offer by Gem Diamonds
GOING GOING GHAGHOO Botswana Diamonds continues ts discussions with potential JV partners to acquire the Ghaghoo mine in Botswana
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