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Lithium News

Lithium major Albemarle to boost extraction in search for green growth

By: Bloomberg     11th June 2021 The world’s biggest lithium producer is proceeding with a project to extract more of the battery metal from the brine it pumps up from a Chilean salt flat in a sign of its confidence in the country and global demand. Albemarle is introducing a way of extracting more of the lithium that’s... 

Early Tesla investor backs firm that tracks metals supply chain

By: Bloomberg     11th June 2021 An early Tesla investor is backing a startup that helps track battery metals across the supply chain to ensure they hold up to environmental and ethical scrutiny. The Westly Group, which led a funding round with five other venture capital firms, invested $14-million in Circulor, according to a... 

Early Tesla investor backs firm that tracks metals supply chain

Allow geologists from surrounding African countries to boost SA's exploration rebirth, top explorer advises  

By: Martin Creamer     11th June 2021 Exploration geologists from surrounding countries should be allowed into South Africa to boost exploration. That is the view of Exploration Geology Consultants exploration manager Thinus Jordaan, who believes that South Africa’s planned exploration thrust should focus on commodities required in... 

Exploration Geology Consultants exploration manager Thinus Jordaan
Exploration manager Thinus Jordaan interviewed by Mining Weekly's Martin Creamer. Video: Darlene Creamer.

Greenbushes sampling points to major geological structure

By: Donna Slater     10th June 2021 ASX-listed lithium explorer Galan Lithium has recently completed its first exploration sampling and mapping work at the Greenbushes South project, about 200 km south of Perth, indicating a major geological structure hosting pegmatite. The new data, combined with historic data, points to the... 

Updated study improves Piedmont’s Carolina lithium project economics

By: Donna Slater     10th June 2021 An updated scoping study into Piedmont Lithium’s proposed US integrated lithium hydroxide business confirms the project will be a large and low-cost project with a sustainability footprint superior to incumbent producers in China and South America. The Caroline project, in Gaston county, North... 

Piedmont’s investment in Sayona Quebec completed

By: Mariaan Webb     8th June 2021 US-based lithium company Piedmont Lithium has completed its investment in Sayona Quebec, having subscribed for $5-million worth of shares to acquire a 25% interest in Sayona Mining’s Canadian subsidiary. ASX-listed Sayona Mining said on Tuesday that the funding would be used to advance growth... 

US must work with allies to secure electric vehicle metals - White House

By: Reuters     8th June 2021 The United States must work with allies to secure the minerals needed for electric vehicle batteries and process them domestically in light of environmental and other competing interests, the White House said on Tuesday. The strategy, first reported by Reuters in late May, will include new... 

US must work with allies to secure electric vehicle metals - White House

Mining firms with higher ESG ratings outperform market – PwC  

By: Martin Creamer     8th June 2021 Mining companies with higher environmental, social and governance (ESG) ratings outperformed the broader market during the peak of the Covid-19 crisis, delivering 34% average total shareholder return over the past three years — ten percentage points higher than the general market index,  PwC... 

PwC Africa mining leader Andries Rossouw
PwC Mine 2021 Report covered by Mining Weekly’s Martin Creamer. Video: Nicholas Boyd

Kodal’s Bougouni steps closer to fully permitted status

By: Marleny Arnoldi     8th June 2021 Aim-listed Kodal Minerals’s Bougouni lithium project, in Mali, is nearing fully permitted project status. The company on June 8 received correspondence from Mali’s directorate of geology and mines Direction Nationale de la Geologie et des Mines (DNMG), confirming acceptance of the feasibility... 

Miners due better year in 2021 - report

By: Esmarie Iannucci     8th June 2021 New research from PwC has found that the world’s top 40 miners could report record high revenues and earnings in 2021, and the second highest net profits in 18 years. In its Mine 2021 report, PwC noted that strong commodity prices propelled market capitalisation to rise by 64% on 2019 figures to... 

Miners due better year in 2021 - report

Funds flood into Australian battery mineral explorers - report

By: Reuters     7th June 2021 Australian minerals explorers have raised the most cash in nearly a decade as investors rush into gold as well as lithium and copper explorers expected to boom in the global energy transition, a report by advisor BDO showed on Tuesday. The quarterly report showed that Australian-listed explorers... 

Cornish Lithium builds lithium extraction test facility

By: Marleny Arnoldi     7th June 2021 UK explorer Cornish Lithium has successfully completed the construction of its United Downs geothermal water test site, in Cornwall, which will be used to trial direct lithium extraction (DLE) process technologies. The facility has been designed to establish which DLE technologies are most... 

Prospect’s Zim lithium pilot plant to start producing this month

By: Marleny Arnoldi     7th June 2021 Lithium company Prospect Resources on Monday reported that it had completed 92% of the work on its engineering, procurement and construction scope for the high-purity petalite pilot plant on the outskirts of Harare, Zimbabwe. Some of the milestones completed for the plant include flowsheet and... 

Sayona ramping up Western Australia gold exploration

By: Simone Liedtke     7th June 2021 Emerging miner Sayona is ramping up its Western Australian gold exploration, with the company committing to a A$2-million budget for 2021. Recent success in identifying 16 new target anomalies during April’s airborne magnetic surveying has encouraged the increased exploration activity. 

Biden’s electric vehicle plan includes battery recycling push

By: Reuters     7th June 2021 President Joe Biden’s strategy to make the United States a powerhouse in electric vehicles will include boosting domestic recycling of batteries to reuse lithium and other metals, according to government officials. As Biden makes fighting climate change and competing with China centerpieces of... 

US President Joe Biden
US President Joe Biden

Lithium prices to trend higher, says Fitch Solutions

By: Tasneem Bulbulia     4th June 2021 As part of Fitch Solutions Country Risk and Industry Research’s expanded coverage of battery minerals lithium and cobalt, it is launching a new lithium price forecast (for both carbonate and hydroxide), adding to its existing mineral and metal price forecast portfolio. Fitch Solutions expects... 

Argosy on target at Rincon

By: Esmarie Iannucci     4th June 2021 ASX-listed Argosy Minerals remains on schedule to start commercial production at its Rincon lithium project, in Argentina, by mid-2022. The company on Friday told shareholders that some 24% of total work at the Rincon project has now been completed for the development of a 2 000 t/y lithium... 

US to list Nevada flower as endangered, dealing blow to lithium mine

By: Reuters     4th June 2021 The US Fish and Wildlife Service said on Thursday it will propose listing the Tiehm's buckwheat flower as an endangered species, dealing a blow to ioneer's proposed Rhyolite Ridge lithium mine in Nevada. The decision reflects the ongoing tension between environmentalists and industry as the... 

Tiehm's buckwheat
Tiehm's buckwheat

Piedmont appoints new CFO

By: Esmarie Iannucci     4th June 2021 Lithium developer Piedmont Lithium has appointed Michael White as executive VP and CFO. White will oversea Piedmont’s financial accounting and reporting, budgeting, forecasting, internal controls, compliance, treasury, tax, and risk management functions. 

Neometals sells Mt Marion offtake rights, reviews Indian refinery plans

By: Esmarie Iannucci     3rd June 2021 ASX-listed Neometals has accepted a A$30-million offer from Reed Industrial Minerals (RIM) to relinquish its spodumene offtake option rights at the Mt Marion lithium project, in Western Australia. Neometals on Thursday told shareholders that the proceeds from the transaction would significantly... 

Mexico now ready to welcome private lithium miners

By: Reuters     3rd June 2021 Mexico’s leftist ruling party has dropped plans to nationalise lithium production and is now pushing to welcome private investors to help develop the country’s potential in the metal used to make batteries, the senior lawmaker behind the proposal told Reuters. Mexico, a major copper and silver... 

Resource statement released to tempt new investment

By: Esmarie Iannucci     3rd June 2021 The federal government on Thursday released its first Global Resources Statement as part of its efforts to attract foreign investment and partnerships to develop Australia’s natural resources. The Global Resources Statement is the first milestone under the government’s Global Resources Strategy,... 

Resource statement released to tempt new investment

Hot prices pervading commodities market, CRU tells Junior Indaba  

By: Martin Creamer     2nd June 2021 Price hotness is pervading the commodities market, CRU senior analyst Clare Hanna said on Tuesday, when she addressed the second and final day of the Junior Indaba. Speaking on ‘what’s hot and what’s not’, Hanna said almost all commodities were at the higher-than-15% level. (Also watch attached... 

Commodity prices soaring above cost levels shown in this CRU chart.
CRU senior analyst Clare Hanna at Junior Indaba covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Pilbara to make restart decision at old Altura project

By: Esmarie Iannucci     2nd June 2021 ASX-listed Pilbara Minerals will take a final investment decision on the restart of the former Altura Mining’s lithium assets in Western Australia. Pilbara in January this year completed the $175-million acquisition, gaining ownership of Altura’s Pilgangoora lithium project, which was promptly... 

IGO to close Tianqi deal in June

By: Esmarie Iannucci     2nd June 2021 ASX-listed Independence Group (IGO) on Wednesday said that it was hoping to complete its $1.4-billion transaction with lithium producer Tianqi Lithium Corporation by the end of June this year. IGO and Tianqi last year announced the transaction which would see IGO acquire a 49% interest in... 

Australia poised to benefit from increased commodity demand - MCA

By: Esmarie Iannucci     2nd June 2021 A new report by the Minerals Council of Australia (MCA) has shown that Australia was poised to take advantage of the predicted increase in global demand for commodities. The MCA’s Commodity Demand Outlook 2030 has predicted that seaborne iron-ore demand would rise moderately, from 1.5-billion... 

Australia poised to benefit from increased commodity demand - MCA

Galan investigating bigger project in Argentina

By: Esmarie Iannucci     2nd June 2021 Lithium developer Galan Lithium is looking at options to expand the production at its proposed Hombre Muerto West project, in Argentina, as well as to decrease capital expenditure and operating costs. A preliminary economic assessment of the project in late 2020 found that the project could... 

Covalent refinery gets EPA approval

By: Esmarie Iannucci     2nd June 2021 The Western Australian Environmental Protection Authority (EPA) has approved the development of a new lithium refinery in Kwinana. The EPA approval is subject to strict conditions relating to greenhouse gas emissions and waste management. 

Pitt congratulates miners on perseverance

By: Esmarie Iannucci     2nd June 2021 Federal Resources Minister Keith Pitt has congratulated the resources sector on its performance during the Covid-19 pandemic and for supporting the recovery of the Australian economy while building on its reputation as a stable and reliable global supplier of minerals and energy throughout the... 

Council for Geoscience goes live with digital geoscience data

By: Martin Creamer     1st June 2021 South Africa’s Council for Geoscience went live on Tuesday with making geoscience data digitally available. During a panel discussion on the first day of the Junior Indaba, Council for Geoscience CEO Mosa Mabuza invited all to go on to the council’s website to find this data, the bulk of which,... 

From top clockwise, ENSafrica COO Otsile Matlou, Geoscience CEO Mosa Mabuza, Orion Minerals CEO Errol Smart, DMRE DG Advocate Thabo Mokoena and AmaranthCX director Paul Miller.
Photo by Creamer Media
From top clockwise, ENSafrica COO Otsile Matlou, Geoscience CEO Mosa Mabuza, Orion Minerals CEO Errol Smart, DMRE DG Advocate Thabo Mokoena and AmaranthCX director Paul Miller.

Tender for new modern cadastre system to be invited next week   

By: Martin Creamer     1st June 2021 A tender for a new modern cadastre system to provide exploration information will be invited by the end of next week, Department of Mineral Resources and Energy (DMRE) director-general Advocate Thabo Mokoena said on Tuesday. In his opening keynote address on initiatives to ignite the exploration... 

Department of Mineral Resources and Energy Director-General Advocate Thabo Mokoena
Junior Indaba covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer

IronRidge to progress restructuring, demerger of gold and lithium assets

By: Simone Liedtke     1st June 2021 Aim-listed IronRidge Resources intends to progress with the restructuring of the company’s Cape Coast lithium portfolio and a demerger of the company’s gold assets in Côte d'Ivoire and Chad into a new gold-focused entity, NewGoldCo, which will be structured to permit quotation on a recognised... 

Battery material value-add consolidation in South Africa under consideration by Mick Davis-linked NextSource  

By: Martin Creamer     31st May 2021 South Africa, which has the wherewithal to provide the value-add consolidation advantage to battery materials that the world’s electric vehicle original equipment manufacturers (OEMs) want, is being seriously considered for the role, NextSource president and CEO Craig Scherba said on Monday.... 

NextSource president and CEO Craig Scherba
NextSource President and CEO Craig Scherba interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Caucharí-Olaroz expansion planning under way – Lithium Americas

By: Creamer Media Reporter      31st May 2021 Planning for a second stage expansion of at least an additional 20 000 t/y of lithium carbonate equivalent (LCE) production capacity from the Caucharí-Olaroz project, in Argentina, is under way. Lithium Americas, which owns the project in a partnership with Ganfeng Lithium, said on Friday that... 

Lithium outlook for next decade ‘very upbeat’ as decarbonisation, electrification accelerate 

By: Simone Liedtke     28th May 2021 The outlook for the lithium sector over a ten-year horizon is very upbeat, amid fast production and demand growth and numerous opportunities across a variety of countries, says research agency Fitch Solutions and Country Risk. It adds that the backdrop for lithium is “as bright as ever” as the... 

Lithium outlook for next decade ‘very upbeat’ as decarbonisation, electrification accelerate

Kodal updates Bougouni feasibility study; continues Mali operations despite unrest

By: Donna Slater     28th May 2021 Aim-listed gold and lithium explorer and developer Kodal Minerals reports that an updated feasibility study, reflecting the new Mali 2019 Mining Code and other minor amendments, for its Bougouni lithium project, in Mali, has been lodged with Mali’s directorate of geology and mines, the Direction... 

Copper, JSE listings, battery mineral exploration make headlines   

28th May 2021 Mining Weekly Editor Martin Creamer unpacks the Northern Cape’s lucrative copper potential that must be given assistance; concern over the lack of JSE listings ahead of the Junior Indaba; and South Africa’s battery mineral exploration potential. 

Martin Creamer
Copper, JSE listings, battery mineral exploration make headlines (Camera & editing: Nicholas Boyd)

MetalsTech announces $18m lithium deal

By: Mariaan Webb     27th May 2021 Australia-listed MetalsTech has announced a binding agreement for an $18-million deal with battery metals investor Lithium Royalty Corp (LRC) relating to its portfolio of lithium assets in the James Bay Region of Quebec, Canada. The deal provides MetalsTech with a cash injection and its... 

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