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Lithium News

Nedbank debt-financing African mining projects to the tune of $7bn

By: Ilan Solomons     11th August 2017 Investment banking services provider Nedbank Corporate and Investment Banking (CIB) is providing the African mining industry with about $7-billion in debt financing products and says it remains open for business opportunities across the continent. Nedbank CIB mining finance principal Paul Miller... 

Interest returning to Africa in response to commodities resurgence

11th August 2017 Interest in Africa’s mineral potential is returning and there is a growing confidence in the future of the resources sector in Africa and in Africa–Australia relations, says organiser of the Africa Down Under (ADU) conference, Australian magazine publisher, Paydirt Media.  

Interest returning to Africa in response to commodities resurgence
INTEGRAL EVENT The importance of Africa Down Under continues to be reflected in the number of high-profile attendees it welcomes to Australia’s mining capital each year

Aussie junior secures Chinese funding for DRC lithium project

By: Esmarie Iannucci     10th August 2017 ASX-listed junior AVZ Minerals will raise A$15-million to fund work at its Manono lithium project, in the Democratic Republic of Congo, where it aims to define a mineral resource by early next year. The company on Thursday reported that the placement would include a A$13-million strategic... 

Elon Musk inspires No.1 miner to target electric vehicle boom

By: Bloomberg     9th August 2017 Observations by Tesla’s Elon Musk on the key role nickel plays in the electric vehicle boom helped inspire the world’s top miner BHP Billiton to invest in new capacity to target rising demand. Amid efforts to improve performance at its nickel operations in Australia, Eduard Haegel, asset... 

Elon Musk inspires No.1 miner to target electric vehicle boom
BHP Nickel West president Eduard Haegel

Albemarle drops most on S&P 500 as cost of finding lithium rises

By: Bloomberg     9th August 2017 Albemarle Corp plunged the most in 18 months as the world’s largest lithium producer forecast disappointing earnings amid rising exploration costs and lower prices for the mineral used in electric-vehicle batteries. Lithium profit the rest of this year will probably decline from the record level... 

IronRidge strengthens management team with appointment of exploration manager

8th August 2017 Aim-listed IronRidge Resources has appointed Joe Clarry exploration manager.   The appointment bolsters IronRidge's management team as the company continues to expand and develop its projects in Africa, in particular its rapidly developing lithium project portfolio. Clarry will work closely with... 

Electric car boom drives rush to mining's $90bn heartland

By: Bloomberg     7th August 2017 A scramble by the lithium market’s biggest players to tie up supply of the high-tech metal is gathering pace in the 170-year-old heartland of Australia’s $90- billion mining industry. Rising Chinese demand for lithium-ion batteries needed for electric vehicles and energy storage is driving... 

Electric car boom drives rush to mining's $90bn heartland

Aviation company adds drones to African offering

By: Nadine James     4th August 2017 Multinational aviation company ExecuJet has added unmanned aerial vehicle (UAV) services to its African facilities, Cape Town and Johannesburg, in South Africa, and Lagos, in Nigeria, enabling clients to carry out inspections, surveys, mapping and photography in greater detail. ExecuJet Cape... 

Aviation company  adds drones to  African offering
USEFUL, ACCURATE, VARIABLE Unmanned aerial vehicle applications include producing orthomosiacs, three-dimensional models, digital surface models and calculating volumes of extracted materials

DRA makes top origination appointment

By: Martin Creamer     3rd August 2017 Multi-disciplinary global engineering group DRA has appointed Pierre Julien to lead the company’s global origination team as executive VP origination. With more than 22 years of senior level industry experience, Julien has been tasked with identifying and accessing new business channels, seeking... 

DRA makes top origination appointment
Photo by Duane Daws
DRA Group Holdings CEO Wray Carvelas (left) with Mining Weekly Online's Martin Creamer in Johannesburg.

Sepeda exploration continues as Novo Litio goes to court over rights

By: Mariaan Webb     28th July 2017 Australian explorer Novo Litio will take its dispute with the vendor of the mineral rights to the Sepeda lithium project to the courts in Portugal, after it failed to reach an agreement with Lusorecursos over the sale of the project. The company, which on Friday resumed its trading on the ASX,... 

Sepeda exploration continues as Novo Litio goes to court over rights
Pegmatite outcrop at the Spodumenberget project, in Sweden.

Altura secures $110m for Pilgangoora

By: Esmarie Iannucci     28th July 2017 Lithium developer Altura Mining has secured a $110-million senior debt facility to fund the construction and commissioning of its Pilgangoora project, in Western Australia. The company has signed a loan note subscription agreement with US- and Swiss-based investment management groups Magy, Pala... 

Wolfsberg spodumene delivers battery-grade lithium carbonate

By: Creamer Media Reporter      27th July 2017 Spodumene concentrate from the Wolfsberg lithium project, in Austria, has been used to make a battery-grade lithium carbonate, which bodes well for the project to be a strategic supplier to the lithium battery plants being developed in Europe. Wolfsberg owner, ASX-listed European Lithium,... 

Pilbara non-exec steps down

By: Esmarie Iannucci     26th July 2017 ASX-listed Pilbara Minerals on Wednesday reported that nonexecutive director and company founder Neil Biddle will step down effectively immediately. Pilbara told shareholders that with project funding for the Pilgangoora lithium/tantalum project now in place, and construction activities well... 

Kodal receives final high-grade lithium drill results for Bougouni prospect

By: Mia Breytenbach     25th July 2017 Aim-listed Kodal Minerals has received final drill results for the Ngoualana prospect at the Bougouni lithium project, in southern Mali, which show high-grade lithium mineralisation, the company announced on Tuesday. The West Africa-focused mineral exploration and development company completed... 

Bald Hill gets enviro approval

By: Esmarie Iannucci     25th July 2017 Lithium developer Tawana Resources has received environmental approval to construct and operate a 1.2-million-tonne dense media separation plant (DMS) at the Bald Hill mine, in Western Australia. “Being permitted to develop and operate at the Bald Hill mine is a significant achievement and... 

Ardiden takes control of Seymour Lake

By: Esmarie Iannucci     25th July 2017 ASX-listed explorer Ardiden has completed the acquisition of the Seymour Lake lithium project, in Canada, with the company saying on Tuesday that the last payment of cash and shares had been made to Stockport Exploration. The company was fully funded to continue to progress a maiden Joint Ore... 

Rio Tinto and Serbia sign MoU to speed up lithium project

By: Mariaan Webb     24th July 2017 London-based Rio Tinto has signed a memorandum of understanding (MoU) with the government of Serbia to progress the development of a deposit containing one of the twenty-first century’s hottest commodities – lithium. The MoU sets out how the Jadar project could be moved forward, with joint... 

Novo Litio still trying to resolve Portugal rights issue

By: Mariaan Webb     21st July 2017 Lithium developer Novo Litio’s shares remained suspended on the ASX on Friday – nearly a month since the company first halted share trading to confirm the legal status of its rights to the Sepeda project, in Portugal. Novo Litio is seeking to transfer a granted exploration licence and... 

Demand growth for some metals may exceed 1 000% – World Bank

By: Martin Creamer     18th July 2017 A new World Bank report highlights the potential impacts that the expected continuing boom in low-carbon energy technologies will have on demand for many minerals and metals, including Southern Africa's platinum, manganese and chrome. Using wind and solar energy, and energy storage batteries, as... 

Lithium Americas inks investment agreement with Thai energy company

By: Samantha Herbst     18th July 2017 Niche minerals company Lithium Americas has closed an investment agreement with BCP Innovation, a wholly owned subsidiary of Thai energy company Bangchak Corporation Public Company, in which the latter has agreed to provide Lithium Americas with an aggregate of $113-million to fund a portion of... 

Pilbara shareholders flock to SPP in droves

By: Esmarie Iannucci     18th July 2017 Lithium developer Pilbara Minerals has reported significant shareholder support for a recent share purchase plan (SPP), with the miner raising more than A$25-million. This was significantly more than the A$15-million initially targeted by the SPP, which was launched in June this year. 

Mt Cattlin delivers for Galaxy

By: Esmarie Iannucci     17th July 2017 Lithium miner Galaxy Resources has reported a 41% increase in production during the three months to June, compared with the previous quarter at its Mt Cattlin operation, in Western Australia. During the quarter under review, the Mt Cattlin operation transitioned into commercial production with... 

Platinum for new fuel cell Mercedes cut to autocat level  

By: Martin Creamer     12th July 2017 German car manufacturer Daimler has cut the platinum loading of its new fuel cell Mercedes to catalytic converter level. “We reduced the amount of platinum by 90%, which provides a significant cost reduction. Our fuel cell is not much above the platinum loading of a catalytic converter on a... 

Platinum for new fuel cell Mercedes cut to autocat level
Photo by cH2ange
Daimler fuel cell director Prof Dr Christian Mohrdieck

Kidman draws on technical capabilities of Chile’s SQM for WA lithium project

By: Esmarie Iannucci     12th July 2017 ASX-listed Kidman Resources has signed a joint venture (JV) agreement with lithium producer Sociedad Quimica y Minera de Chile SA (SQM) to develop and operate the Mt Holland lithium project, in Western Australia. Under the terms of the agreement, SQM will invest $110-million, comprising a cash... 

Kidman draws on technical capabilities of Chile’s SQM for WA lithium project
Kidman GM Chris Williams, SQM VP for development and planning Pablo Altimiras, SQM chairperson Luis Eugenio Ponce Lerou, SQM CEO Patricio de Solminihac Tampier and Kidman MD Martin Donohue.

Miners rewarded for improved capital discipline

By: Henry Lazenby     11th July 2017 Increased cash flows, merger and acquisition (M&A) activity and new debt issues have helped many of the world’s top miners strengthen their balance sheets in 2016, reflecting miners’ response to investor messages around capital discipline, according to new analysis from PwC Canada. "As the global... 

Miners rewarded for improved capital discipline

Manganese makes list of key tech metals heading for short supply

By: Martin Creamer     11th July 2017 Nothing can stop the proliferation of iPhones, solar panels and Teslas, except perhaps a shortage of key natural resources, comments the latest Fortune magazine, which puts manganese from South Africa on the list of crucial technology metals needed in the US. Fortune’s world map showing the... 

Manganese makes list of key tech metals heading for short supply
Photo by Duane Daws
Industrial Development Corporation Mining and Metals Industries divisional executive Abel Malinga (right) talking to Mining Weekly's Martin Creamer.

Tangible growth seen in global lithium market, says project developer

By: Mariaan Webb     11th July 2017 The global lithium market has witnessed “significant and tangible” change in recent weeks, with Europe embracing lithium-ion energy storage on a political and industry level, says project developer Plymouth Minerals. The company, which is developing the San Jose lithium/tin deposit in regional... 

Tangible growth seen in global lithium market, says project developer
Europe is embracing lithium-ion technology on a political and industry level, which bodes well for companies with advanced lithium projects.

Tawana aims for first lithium shipment from Bald Hill next year

By: Esmarie Iannucci     11th July 2017 A prefeasibility study (PFS) into the Bald Hill lithium mine, in Western Australia, has estimated that project construction would require a capital investment of A$42.2-million to support production of 155 000 t/y of spodumene concentrate over an initial mine life of 3.6 years. ASX-listed Tawana... 

Tawana aims for first lithium shipment from Bald Hill next year

Savannah Resources raises £1.3m in share placement

By: Anine Kilian     10th July 2017 Aim-listed Savannah Resources has raised about £1.3-million to fund work on its Portuguese lithium projects, to advance the Mozambique-based Mutamba joint venture project with mining major Rio Tinto, and to further work on its Oman-based copper-gold projects, as well as for general working... 

Kidman to focus on Earl Grey development as tussle with Marindi is resolved

By: Ilan Solomons     10th July 2017 ASX-listed gold and lithium miner Kidman Resources has successfully defended the ownership of lithium rights to its Mt Holland project, including the Earl Grey deposit, located near Southern Cross in Western Australia. The finding followed a three-day trial in the Supreme Court of West Australia,... 

Altura concludes offtake agreements with Chinese battery firms

By: Ilan Solomons     10th July 2017 ASX-listed lithium developer Altura Mining has executed a binding offtake agreement (BOA) with Chinese battery producer Shaanxi J&R Optimum Energy and has revised the terms of the existing BOA with China-based lithium and battery materials processor Lionergy to align both agreements. Altura MD... 

Altura concludes offtake agreements with Chinese battery firms

Neometals to advance integrated strategy as it holds on to Mt Marion equity

By: Ilan Solomons     10th July 2017 ASX-listed Neometals will advance an integrated strategy for its lithium assets, including developing a downstream processing plant to produce lithium hydroxide, after the notice period for selling a 13.8% equity stake in the Mt Marion lithium project, in Western Australia, ended without the... 

Neometals to advance integrated strategy as it holds on to Mt Marion equity
Neometals MD Chris Reed

Australia's Joyce sees merit in government taking stakes in coal

By: Bloomberg     10th July 2017 Australia’s Deputy Prime Minister Barnaby Joyce indicated he supports the government being an equity partner in any new coal-fired power station, and said that lenders are willing to finance fossil fuel-based electricity generation. “I have got nothing against taking equity in it,” Joyce told Sky... 

Australia's Joyce sees merit in government taking stakes in coal

Novo Litio seeks to confirm status of rights to Portugal project

By: Mariaan Webb     7th July 2017 Lithium developer Novo Litio has extended its share suspension on the ASX on Friday, as the company continues engagements about the legal status of its rights to the Sepeda project, in northern Portugal. The company, which initially requested a trading halt on June 22, said on Friday that its... 

Lithium companies surge on S Australian battery announcement

By: Esmarie Iannucci     7th July 2017 The share prices of Australian lithium companies surged on Friday on news that the South Australian government reached an agreement with US energy major Tesla to build the world’s largest lithium battery in the state. The South Australian government has taken Tesla CEO Elon Musk at his word that... 

Kodal reports strong lithium mineralisation at Bougouni

By: Natasha Odendaal     6th July 2017 Prospects tested at  Aim-listed Kodal Minerals’ Bougouni lithium project, in southern Mali, show strong lithium mineralisation, the company announced on Thursday. The West Africa-focused mineral exploration and development company’s drilling programme has resulted in additional high-grade lithium... 

Plymouth starts drilling to further define San Jose resource

By: Megan van Wyngaardt     6th July 2017 Drilling, aimed at testing extensions of lithium-tin mineralisation at Plymouth Minerals’ San Jose project, in Spain, has started. The ASX-listed company, which is developing the project in an earn-in joint venture with Spanish company Sacyr and its wholly owned subsidiary Valoriza Mineria, on... 

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