https://www.miningweekly.com
R/€ = 16.79 Change: 0.02
R/$ = 15.71 Change: -0.05
Au 1856.05 $/oz Change: -3.72
Pt 950.00 $/oz Change: -15.00
 

Lithium News

Brine systems work complete at Rincon – Argosy

By: Creamer Media Reporter      7th March 2022 Lithium development company Argosy Minerals on Monday reported that it had completed the brine systems work at its Rincon project, in Argentina, where it is targeting first production of 99.5% battery-quality lithium carbonate product from mid-year. The brine system works comprised the expansion... 

Decarbonisation standing out as key metals/mining value driver – Wood Mackenzie  

By: Martin Creamer     4th March 2022 As pressure mounts for the world to align meaningfully with the 1.5 °C global temperature rise scenario, decarbonisation is standing out as a key driver of metals and mining value. “This has strengthened our view that the mining industry now has a clear pathway towards long-term transformative... 

Creamer Media screenshot taken during webinar.
Wood Mackenzie future facing mined commodities forum covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

African Energy Metals to acquire Whiskey Cobalt Mining’s stake in Manono project

By: Donna Slater     4th March 2022 TSX-V-listed African Energy Metals has acquired Whiskey Cobalt Mining’s (WCM’s) interest in the Manono tin, tantalum and lithium project, in the prolific Manono area in the Tanganyika province of southeast Democratic Republic of Congo. The disposal by WCM of the project, comprising an... 

Chile lithium miner SQM sees profits surge as global prices explode

By: Reuters     4th March 2022 Chilean miner SQM, the world's No. 2 lithium producer, reported a nearly five-fold rise in profits in the fourth quarter on Wednesday, driven by the surging price of the ultra-light metal that is key to make electric vehicle batteries. The metal, extracted from brine lakes in Chile's salt flats,... 

Coal leading Australian resource exports - ABS

By: Esmarie Iannucci     4th March 2022 The latest trade data from the Australian Bureau of Statistics (ABS) has shown that coal continued to lead the surge in Australia’s export earnings for January. The ABS’ International Trade in Goods and Services data for January 2022 shows total resources and energy exports were worth... 

Image shows a coal loader at port

Decarbonisation creating greatest investment opportunity of our lifetime – Sibanye-Stillwater   

By: Martin Creamer     3rd March 2022 The decarbonising of the global economy to prevent climate change is going to create the greatest investment opportunity of our lifetime. It will also leave behind the companies that do not adapt – regardless of what industry they are in. 

Supplied picture
Sibanye-Stillwater presentation covered by Mining Weekly’s Martin Creamer.

Global signs decade offtake with shareholder

By: Esmarie Iannucci     3rd March 2022 ASX-listed Global Lithium Resources has signed a ten-year spodumene concentrate offtake agreement with Suzhou TA&A Ultra Clean Technology Co. Under the terms of the 10-year agreement, Suzhou TA&A will acquire and take delivery of no less than 30% of available product from Global Lithium’s... 

Sibanye-Stillwater delivers another record performance with highest-ever dividend

By: Martin Creamer     3rd March 2022 Precious metals mining company Sibanye-Stillwater in 2021 delivered another record financial performance, with revenue of R172.2-billion and adjusted earnings before interest taxation depreciation and amortisation (Ebitda) of R68.6-billion. Revenue was 35% higher than for 2020 and Ebitda 39%... 

Creamer Media picture.
Photo by Creamer Media
Sibanye-Stillwater CEO Neal Froneman

Sibanye reveals maiden lithium, zinc resources

By: Creamer Media Reporter      2nd March 2022 Precious and battery metals miner Sibanye-Stillwater has declared a maiden lithium mineral resource of 78 500 t of lithium oxide and a maiden zinc mineral reserve of 1.02-billion pounds. The lithium and zinc resources were acquired as part of Sibanye's entry into the green metals sector, with the... 

ESG slowing down as energy transition highlights mining as indispensable – RMF  

By: Martin Creamer     2nd March 2022 The energy transition is highlighting mining as an indispensable industry, said Responsible Mining Foundation (RMF) CEO Hélène Piaget in opening a webinar on 'Responsible Mining Index (RMI) Report 2022', which reports a slowdown in economic, environmental, social and governance (ESG). “Yet there... 

Creamer Media screenshot.
Responsible Mining Foundation report covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Core inks offtake agreement with Tesla

By: Esmarie Iannucci     2nd March 2022 The share price of ASX-listed junior Core Lithium rose significantly on Wednesday after the company announced a binding offtake agreement with electric vehicle giant Tesla. Core entered into a legally binding term sheet with Tesla for the supply of up to 110 000 t of spodumene concentrate from... 

Mantashe wants to ‘refocus’ just energy transition debate as DMRE moves to finalise own policy  

By: Terence Creamer     1st March 2022 Mineral Resources and Energy Minister Gwede Mantashe indicated on Tuesday that his department will seek to “refocus” South Africa’s just energy transition debate as it prepares to finalise its policy on the matter. In an address to the Africa Energy Indaba on Tuesday, Mantashe indicated that the... 

Mineral Resources and Energy Minister Gwede Mantashe
Photo by Creamer Media's Donna Slater
Mineral Resources and Energy Minister Gwede Mantashe

Lithium Americas considers spinning off US operations

By: Reuters     1st March 2022 Canada-based miner Lithium Americas said on Monday it was exploring a separation of its Us and Argentinian operations by creating an independent public company focused on the Thacker Pass lithium project in Nevada. The Thacker Pass project, approved by former US President Donald Trump's... 

Rincon production planned for mid-year

By: Esmarie Iannucci     1st March 2022 First production of battery quality lithium carbonate product from the Rincon project, in Argentina, would occur in mid-2022. ASX-listed Argosy Minerals on Tuesday reported that some 61% of the total construction work at the project is now complete, with the 2 000 t/y project remaining on schedule. 

Sayona reports resource in Quebec

By: Esmarie Iannucci     1st March 2022 Lithium developer Sayona Mining has reported a Joint Ore Reserves Committee compliant combined measured, indicated and inferred mineral resource of 119.1-million tonnes, at 1.05% lithium oxide, for its assets in Quebec. The ASX-listed company said on Tuesday revealed a new mineral resource... 

Prospect attributes Zimbabwe lithium exploration success to Mnangagwa’s governance

By: Donna Slater     28th February 2022 ASX-listed battery metals project developer Prospect Resources attributes its current success, especially in Zimbabwe, to a “resurgence” of that country’s governance and “open for business” mining sector, says MD Sam Hosack. In Zimbabwe, Prospect – through its 100%-owned subsidiary Prospect... 

Platinum group metals may also play role in batteries – Anglo American Platinum  

By: Martin Creamer     23rd February 2022 The unique properties of platinum group metals (PGMs) may also play a role in batteries, says Anglo American Platinum (Amplats) CEO Natascha Viljoen. Speaking to Mining Weekly in a Zoom interview, Viljoen highlighted how PGMs are poised to play a role, no matter the direction in which the energy... 

Creamer Media screenshot taken during presenttion of financial results.
Anglo American Platinum CEO Natascha Viljoen interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Biden announces investments to shore up key critical mineral supplies

By: Mariaan Webb     23rd February 2022 US President Joe Biden on Tuesday announced several investments in the domestic production of key critical minerals and materials, as the country moves to break its dependence on China and secure a ‘Made in America’ supply chain. In a White House statement, Biden announced that MP Materials had... 

An image of the White House

Premier discovers more lithium mineralisation at Zulu

By: Marleny Arnoldi     21st February 2022 Aim-listed Premier African Minerals has reported new intersections of lithium at the Zulu lithium and tantalum project, in Zimbabwe. Recent drilling activity on the southern part of the project area returned intersections including 21 m grading 1.23% lithium oxide and 920 parts per million... 

France should start mining lithium at home, Minister says

By: Reuters     18th February 2022 France should start exploiting its own lithium resources to meet increased demand stemming from a shift away from fossil fuels, Barbara Pompili, the country's environment minister, said in a video interview published on Thursday by business daily Les Echos. France needs "long-term import... 

Cobalt powerhouse doubles down on nickel

By: Bloomberg     17th February 2022 Specialty metals refiner Umicore is enjoying record profits as battery materials boom, but the company is racing to avert a slowdown in sales as its cobalt-heavy chemicals fall out of favor with carmakers. The Brussels-listed company, which has been refining cobalt for more than 100 years, says... 

Chile copper giant Codelco to start lithium exploration in March

By: Reuters     17th February 2022 Chilean state-owned mining firm Codelco said on Wednesday it will start lithium exploration in the Salar de Maricunga next month, which could present a high-grade reserve of the ultra-light metal that is key for making electric car batteries. Codelco, the world's largest copper producer,... 

Albemarle sees annual profit below estimate despite record lithium prices

By: Reuters     17th February 2022 Albemarle, one of the world's largest lithium producers, forecast on Wednesday its annual earnings below market estimate even as lithium prices were at record highs, leaving investors unimpressed and sending shares down 11%. Global efforts to tackle climate change have led to a surge in demand... 

EcoPro expands offtake from ioneer

By: Esmarie Iannucci     16th February 2022 ASX-listed lithium boron developer ioneer on Wednesday announced that offtake partner EcoPro Innovation had exercised an additional 5 000 t/y of lithium carbonate offtake. EcoPro’s offtake would now increase from 2 000 t/y to 7 000 t/y, with ioneer to supply the lithium carbonate from its... 

Liontown signs lithium offtake deal with Tesla

By: Esmarie Iannucci     16th February 2022 Lithium developer Liontown Resources has inked a sales agreement with electric vehicle (EV) giant Tesla for the supply of spodumene concentrate from its Kathleen Valley project, in Western Australia. Under the agreement, Liontown would supply up to 150 000 t/y of spodumene concentrate, starting... 

China scientists flag rich lithium find in Mt Everest region

By: Bloomberg     16th February 2022 An official science publication in China is trumpeting what its quoted geologists called a “breakthrough” discovery of lithium in the same region as Mount Everest. The hard-rock resource has the potential to host the third-biggest mine of its kind in China, according to ScienceNet.cn, a website... 

AVZ waives conditions of $240m Manono deal

By: Esmarie Iannucci     16th February 2022 ASX-listed AVZ Minerals on Wednesday reached an agreement with private investment firm Suzhou CATH Energy Technologies over a $240-million investment into the Manono lithium and tin project, in the Democratic Republic of the Congo (DRC). The two companies in September last year struck a deal... 

It’s records all round for Glencore in ‘terrific’ 2021  

By: Martin Creamer     15th February 2022 2021 was a terrific year for the company, Glencore CEO Gary Nagle said on Tuesday, when he reported record earnings before interest tax depreciation and amortisation (Ebitda) of $21.3-billion, a record marketing performance Ebit of $3.7-bilion, and a record industrial business performance of... 

Screenshot taken by Creamer Media during Glencore's presentation of results.
Glencore’s record financial results covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Glencore’s earnings rocket 84% to $21.3bn

By: Martin Creamer     15th February 2022 Diversified mining and marketing company Glencore on Tuesday announced 84% higher financial results for the year, with earnings before interest tax depreciation and amortisation (Ebitda) rising to $21.3-billion. Looking forward, Glencore CEO Gary Nagle said the company remained focused on its... 

Pictue supplied
Glencore CEO Gary Nagle

Red tape delaying R90bn investment in ready-to-go projects – Minerals Council 

By: Martin Creamer     14th February 2022 Red tape is delaying investment worth R90-billion in ready-to-go mining-related projects, at a time when the South African economy is in desperate need of such projects proceeding, to create jobs and to stimulate economic growth. Projects worth R30-billion would be able to proceed if the 4... 

President Cyril Ramaphosa
President Cyril Ramaphosa

Green hydrogen strategy supporting development of R270bn Northern Cape pipeline 

By: Martin Creamer     11th February 2022 Over the past year, the South African government has built on its successful hydrogen strategy to make major strides in positioning the country as a global leader in the green hydrogen market, President Cyril Ramaphosa stated during his State of the Nation Address. This positioning included the... 

Supplied picture
President Cyril Ramaphosa

Reagents supplier targets lithium, other industrial minerals

By: Sabrina Jardim     11th February 2022 There is a new emphasis on lithium mining in the Democratic Republic of the Congo (DRC) and, as a result, reagent supplier Axis House has developed a full set of reagents to tackle the different lithium-bearing ores, says Axis House technical manager Bernard Oostendorp. “We have been refining our... 

An image of Axis House testing new reagents
WELCOMING LITHIUM With a new emphasis on lithium mining in the DRC, Axis House have created new reagents for different lithium-bearing ores

Foreseen renewables demand providing opportunity for job creation, just energy transition 

By: Martin Creamer     10th February 2022 Demand already foreseen is providing South Africa with the far-reaching and very welcome opportunity to create sufficient new jobs – “and then some” – to ensure a just energy transition away from the country’s current climate-threatening carbon intensity, Mining Weekly can report. South Africa’s... 

Screenshot by Creamer Media during Creamer Media webinar
Photo by Creamer Media
From left, clockwise, Paul O’Flaherty, Dr Tsakani Mthombeni, Hein Reyneke, and Andre de Ruyter

AVZ continues investment in Manono

By: Esmarie Iannucci     10th February 2022 Junior AVZ Minerals on Thursday announced a A$25-million investment into the early works and exploration drilling at its Manono lithium and tin project, in in the Democratic Republic of the Congo (DRC). The company told shareholders that the capital investment would assist maintaining the... 

Glencore clinches marketing relationship with US metals business 

By: Martin Creamer     9th February 2022 Diversified mining and marketing company Glencore has entered a strategic global marketing relationship with United States Strategic Metals, formerly Missouri Cobalt. Involved is a long-term offtake agreement for 100% of the US company’s products, which include cobalt and nickel sulphates,... 

Screenshot image on website of US Strategic Metals
Cobalt processing plant.

Lithium’s feast-or-famine future keeps EV makers guessing

By: Bloomberg     9th February 2022 Lithium’s vital role in electric-vehicle batteries means automakers, miners and investors are racing to figure out how much supply the world will need in the coming years -- and also how much it’s going to get. The problem is the predictions vary wildly. The metal’s price has surged fivefold in... 

MRL hit by iron-ore woes, sees hope in lithium

By: Esmarie Iannucci     9th February 2022 ASX-listed Mineral Resources (MRL) has reported a tough quarter on the back of falling iron-ore prices, but the company is looking to expand its lithium footprint. MRL on Wednesday reported a 12% drop in revenue for the first half of 2022, to A$1.4-billion, while underlying earnings before... 

Metals, engineering need govt support to ensure sustainable economic recovery

By: Martin Creamer     8th February 2022 South African businesses in the metals and engineering sector have faced enormous challenges over the past few years, with the Covid-19 pandemic compounding an already difficult situation, Steel and Engineering Industries Federation of Southern Africa (Seifsa) said on Tuesday. Seifsa is a... 

Picture supplied
Seifsa CEO Lucio Trentini
1 2 3 4
5
6 7 8 9

Latest News

more

Latest Videos

more

Press Office

more

 
RSS Feed

About

Mining Weekly is a product of Creamer Media.
www.creamermedia.co.za

Other Creamer Media Products include:
Engineering News
Research Channel Africa
Polity

Read more

Subscriptions

We offer a variety of subscriptions to our Magazine, Website, PDF Reports and our photo library.

Subscriptions are available via the Creamer Media Store.

View store

Advertise

Advertising on MiningWeekly.com is an effective way to build and consolidate a company's profile among clients and prospective clients. Email advertising@creamermedia.co.za

View options
Subscribe Now
Free daily email newsletter Register Now