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Lithium News

Poseidon and Lithium Australia team up on lithium

By: Esmarie Iannucci     13th September 2017 ASX-listed Poseidon Nickel and fellow-listed Lithium Australia have inked a lithium exploration and processing memorandum of understanding (MoU) over the Lake Johnston project, in Western Australia. The parties are planning to explore for lithium-hosted pegmatites on tenements held by both firms... 

Work to start on WA lithium JV as Kidman and SQM finalise agreement

By: Esmarie Iannucci     12th September 2017 ASX-listed Kidman Resources and lithium producer Sociedad Quimica y Minera de Chile SA (SQM) have finalised the joint venture (JV) agreement over the Mt Holland lithium project, in Western Australia. The transaction, first announced in July, will see SQM invest $110-million to acquire a 50%... 

Pilbara starts initial work on expanded Pilgangoora

By: Esmarie Iannucci     11th September 2017 Lithium developer Pilbara Minerals has started initial work on the five-million-tonne-a-year expansion at its Pilgangoora operation, in Western Australia, even as it works toward achieving Stage 1 production by the second quarter of 2018. Pilbara on Monday told shareholders that the company had... 

China's fossil-fuel phase-out fails to alarm big oil investors

By: Bloomberg     11th September 2017 In the first day of trading after China said it’s working on a deadline to end sales of fossil-fuel-powered vehicles, shares are holding ground in the oil companies that stand to lose out. The listed units of China’s big three oil companies – PetroChina, Cnooc and China Petroleum & Chemical –... 

Improving prices prompt Fortune to aim for bigger, more economic Nico development

By: Henry Lazenby     9th September 2017 With a bird in hand, Canadian project developer Fortune Minerals is considering to up the ante for its flagship Nico cobalt/gold/bismuth/copper project, in Canada’s Northwest Territories. The London, Ontario-based company late last month announced that its update of the 2014 feasibility study for... 

Improving prices prompt Fortune to aim for bigger, more economic Nico development
Photo by Fortune Minerals
Fortune Minerals president and CEO Robin Goad

Directors up stake in Bacanora as Cadence sells 8.9m shares

By: Mariaan Webb     8th September 2017 UK-based mining investment firm Cadence Minerals has realised profit of £2.7-million on the partial sale of its equity stake in Bacanora Minerals, which is developing the Sonara lithium project in Mexico. Cadence sold 8.90-million shares, representing 42% of its equity stake in Bacanora, for... 

Assore posts record headline earnings

By: Ilan Solomons     8th September 2017 Mining investment holding company Assore achieved a 199% increase in headline earnings to R5.2-billion for the financial year to June 30, compared with R1.7-billion in the previous year. Attributable earnings amounted to R5-billion, which was an improvement of 226% from 2016, which was also a... 

Assore posts record headline earnings
Photo by Assore
CHARLES WALTER Iron-ore and manganese ore prices have reflected improved global economic conditions

Nokeng mulling two or three more fluorspar mines by 2026 as huge shortage is predicted

By: Mia Breytenbach     8th September 2017 Following the breakthrough of opening the first new mine in Gauteng, South Africa, in the last 12 years, which is being developed by producer SepFluor’s wholly owned Nokeng fluorspar mine, the company aims to become vertically integrated in the fluorspar value chain in future. Fluorite ore is... 

Nokeng mulling two or three more fluorspar mines by 2026 as huge shortage is predicted

Myriad of opportunities in Zim’s mining sector

8th September 2017 Zimbabwe is poised for growth and, with the country committed to ensuring a sustainable growth path, there are a host of investment opportunities in the mining industry to be capitalised on. This is according to the investment promotion body Zimbabwe Investment Authority‘s Invest in Zimbabwe... 

Myriad of opportunities in Zim’s mining sector
Photo by Bloomberg
DIAMONDIFEROUS Zimbabwe has deposits of high-quality diamonds, which are in high demand on the global market

Pilbara awards Pilgangoora mining contract

By: Esmarie Iannucci     7th September 2017 Lithium developer Pilbara Minerals has awarded an openpit mining contract for its Pligangoora lithium project to Maca. Pilbara said on Thursday that with an initial two-year term, plus three one-year options to extend, the contract was a key operational contract for the Pilgangoora project, and... 

International Lithium Corp receives proof of concept study for alternative lithium recovery

By: Natasha Odendaal     6th September 2017 TSX-V-listed International Lithium Corp (ILC) has received the final proof of concept study for the recovery of lithium using membrane separation as a potential alternative to the natural evaporation process, which is currently proposed at the lithium brine joint venture project in Salta,... 

Novo Litio chooses path in Portugal

By: Esmarie Iannucci     4th September 2017 A scoping study into the Sepeda lithium project, in Portugal, has identified the production of a mineral concentrate to be the preferred route of development, with an underground operation likely to result in the best outcome. ASX-listed Novo Litio on Monday told shareholders that the scoping... 

Novo Litio chooses path in Portugal

Kingston to merge with Canada's WCB

By: Esmarie Iannucci     1st September 2017 ASX-listed junior Kingston Resources has struck a binding heads of agreement with TSX-V listed WCB Resources to merge by way of a plan of arrangement. Under the terms of the agreement, each WCB shareholder would receive 4.5 Kingston shares for every WCB common share held, to create a new... 

Despite high upfront costs, technology investments yield long-term savings – BMI

By: Mia Breytenbach     1st September 2017 With metals and mining companies increasingly investing in technology that will help reduce their carbon footprints, owing to the global drive to lower carbon emissions, meaningful efforts to improve environmental standards in the extractive industries require significant upfront costs, according... 

Despite high upfront costs, technology investments yield  long-term savings – BMI
LONG-TERM BENEFIT BMI expexts long-term cost savings to benefit companies that are ahead of the curve when it comes to prioritising green strategies

Red Metal Mining

1st September 2017 Diversified project engineering house Red Metal Mining (RMM) is focused on the specialised design of cast resin dry-type transformers, mini substations and electrical automation systems required by mining and associated industries. “Wherever electricity is generated, distributed, or required, we... 

Red Metal Mining

Poseidon considers lithium/nickel co-processing option at Lake Johnston as Kidman option lapses

By: Esmarie Iannucci     31st August 2017 ASX-listed Kidman Resources has allowed its option agreement to lease the Lake Johnston plant for its Mt Holland lithium operation to lapse. The original option agreement with Poseidon Resources to potentially adapt the Lake Johnston plant for the processing of Mt Holland ore, offered the... 

Lithium Australia makes play for battery company

By: Esmarie Iannucci     31st August 2017 ASX-listed Lithium Australia has announced plans to acquire Brisbane-based battery cathode developer Very Small Particle Company (VSPC). Lithium Australia told shareholders on Thursday that its acquisition of VSPC would augment the company’s own advanced processing technologies around lithium... 

Maiden profit reported at Orocobre

By: Esmarie Iannucci     31st August 2017 Dual-listed Orocobre has delivered a maiden full-year net profit after tax of A$19.4-million on the back of the first full financial year of commercial production at its Olaroz lithium facility, in Argentina. The ASX- and TSX-listed company has reported record production of 11 862 t of lithium... 

Assore posts record headline earnings of R5.2bn as commodity prices rebound

By: Ilan Solomons     30th August 2017 Mining investment holding company Assore achieved a 199% increase in headline earnings to R5.2-billion for the financial year to June 30, compared with R1.7-billion in the previous year. Attributable earnings amounted to R5-billion, which was an improvement of 226% from 2016, which was also a... 

Assore posts record headline earnings of R5.2bn as commodity prices rebound
Photo by Assore
Assore CEO Charles Walters

Advancing technology signals imminent opening of undersea mineral treasure chest

By: Henry Lazenby     29th August 2017 In a new era of ever-advancing technology and increased legal certainty, ocean floor mining is set to take off in the next decade as several juniors jostle to be first to exploit the wealth hidden on the deep ocean floor. DeepGreen Resources chief development officer Anthony O’Sullivan believes... 

Advancing technology signals imminent opening of undersea mineral treasure chest

Magnis Resources strikes supply deal with German consortium

By: Anine Kilian     28th August 2017 ASX-listed Magnis Resources has signed a memorandum of understanding (MoU) to supply raw materials to German lithium-ion battery consortium TerraE-Holding. Under the agreement, Magnis, which mines natural flake graphite for use in lithium-ion batteries, will supply raw materials to the TerraE... 

Feasibility update on Fortune’s Nico project delayed by laboratory congestion

By: Henry Lazenby     25th August 2017 Investors will have to wait a little longer to review an update of the 2014 feasibility study on project developer Fortune Minerals’ Nico cobalt/gold/bismuth/copper project, in Canada’s Northwest Territories. The London, Ontario-based explorer said on Thursday that the feasibility study update by... 

Feasibility update on Fortune’s Nico project delayed by laboratory congestion
Photo by Fortune Mining
Fortune Minerals' Nico project is a primary cobalt project with about 60% of projected revenues from cobalt at current commodity prices

Bacanora to publish Sonora project feasibility study before year end

By: Henry Lazenby     25th August 2017 TSX-V- and Aim-listed lithium explorer Bacanora expects to publish a feasibility study on its Sonora lithium project before the end of the year, the company announced on Wednesday. The explorer is currently targeting first production for 2019/20, following an 18-month build programme. 

Bacanora to publish Sonora project feasibility study before year end

Despite high upfront costs, technology investments reap long-term savings – BMI

By: Mia Breytenbach     24th August 2017 With metals and mining companies increasingly investing in technology that will help reduce their carbon footprints, owing to the global drive to lower carbon emissions, meaningful efforts to improve environmental standards in the extractive industries require significant upfront costs, according... 

Despite high upfront costs, technology investments reap long-term savings – BMI

Argosy widens Argentina landholding

By: Esmarie Iannucci     23rd August 2017 ASX-listed junior Argosy Minerals has acquired two additional tenements totaling 1 056 ha to add to its Rincon lithium project, in Argentina. The company on Wednesday said that the tenements, which were currently progressing through the application process, would be transferred to joint venture... 

Supplying lithium gets trickier as electric revolution looms 

By: Bloomberg     22nd August 2017 Hidden within the salt flats high in the Andes mountains of South America are vast deposits of the lithium that Elon Musk may need for his electric-car revolution. But extracting the mineral from brine ponds created by Orocobre has proved more difficult than expected. Bad weather and pump... 

Supplying lithium gets trickier as electric revolution looms

Rising prices signal end of ‘hand-to-mouth’ CREE market 

By: Henry Lazenby     22nd August 2017 Higher prices for critical rare earth elements (CREE) are marking a return of confidence to the industry and the end of the so-called “hand-to-mouth” market as users increasingly turn to contracting to secure long-term security of supply. “For several years users were unsure about the market... 

Rising prices signal end of ‘hand-to-mouth’ CREE market

Cadence in talks to sell stake in lithium developer Bacanora

By: Creamer Media Reporter      21st August 2017 UK-based mining investment firm Cadence Minerals is in negotiations to sell its interest in Aim- and TSX-V-listed lithium developer Bacanora Minerals, the company announced on Monday. Cadence said that during the course of discussions with institutional investors about the potential sale of its... 

Lepidico hunts for lithium at WA gold project

By: Esmarie Iannucci     21st August 2017 ASX-listed lithium player Lepidico has signed a binding term sheet with fellow-listed Maximus Resources to earn a 75% interest in the lithium rights of the Spargoville gold project, in Western Australia. The lithium rights will be known as the Moriarty lithium project. 

Firms joining forces to raise $500m for mining projects, particularly in Africa

By: Ilan Solomons     18th August 2017 Mining investment advisory company MX Mining Capital Advisors and law firm Norton Rose Fulbright South Africa are collaborating to assist in raising about $500-million in finance for mining projects worldwide and for Africa based ones in particularly. MX Mining is focused on raising capital and... 

Firms joining forces to raise $500m for mining  projects, particularly in Africa
Photo by Duane Daws
PRECISION PLANNING The way a project is structured is critical to ensuring whether or not it receives the needed finance

Plymouth selects processing route for Spain project

By: Mariaan Webb     17th August 2017 Australia’s Plymouth Minerals and joint venture (JV) partner Valoriza Mineria have selected a commercial and known sulphate calcine/roast and fresh water leach processing route for the San Jose lithium/tin deposit, in Spain. The selection of a processing route allows the JV partners to determine... 

European Metals bolsters Cinovec team to deliver DFS next year

By: Mariaan Webb     16th August 2017 ASX- and Aim-listed European Metals has appointed Craig Reimer to head the definitive feasibility study (DFS) of the Cinovec lithium/tin project in the Czech Republic. The appointment is aimed at strengthening the Cinovec team, as European Metals works towards delivering a DFS for the project in... 

Revenues rise for MinRes

By: Esmarie Iannucci     16th August 2017 ASX-listed Mineral Resources has reported a 24% increase in revenue for the 2017 financial year, as its Mount Marion spodumene operation, in Western Australia, ramped up to full capacity. Revenue increased from A$1.1-billion in 2016 to A$1.4-billion, while earnings before interest, tax,... 

Technology set to unleash mining innovation – Anglo’s O’Neill

By: Martin Creamer     16th August 2017 In the next ten years, technology is set to unleash a wave of mining innovation, with the sweet spot centred on changing the thinking around orebodies and processing plants rather than much-spoken-about automation. “Our focus has changed from hunting technologies to hunting value,” Anglo American... 

Technology set to unleash mining innovation – Anglo’s O’Neill
Anglo American technical director Tony O’Neill

Construction starts at Bald Hill

By: Esmarie Iannucci     15th August 2017 ASX-listed Tawana Resources and its joint venture partner Alliance Mineral Assets have started construction of the lithium plant at the Bald Hill lithium and tantalum mine, in Western Australia. The two companies on Tuesday announced the execution of an engineering, procurement and construction... 

European Lithium exploring several options for Wolfsberg offtake

By: Mariaan Webb     14th August 2017 ASX-listed European Lithium and Chinese lithium firm Shandong RuiFu Lithium have agreed to extend the timeframe for entering into a formal offtake agreement for spodumene concentrate production from the Wolfsberg project, in Austria. European Lithium chairperson Tony Sage said on Monday that... 

There's a key to lithium's future inside a shipping container

By: Bloomberg     11th August 2017 The world’s biggest miners’ determination to muscle into the burgeoning  battery market stepped up a notch with  Rio Tinto Group reporting breakthroughs in cracking the technology needed to unlock its giant lithium project in Serbia that could meet 10% of global demand. Tests at a research... 

There's a key to lithium's future inside a shipping container
Photo by Bloomberg
Rio Tinto salt, uranium and borates MD Simon Trott

Lithium demand can be promising for Australia

11th August 2017 Rising demand for renewable energy and electric vehicles is driving significant research and development, and strong growth in battery production around the world. Commodities used to make batteries — notably lithium, cobalt and graphite — will consequently be increasingly sought after in the... 

Lithium demand can be promising for Australia
Photo by Bloomberg
CATERING FOR DEMAND Pilbara Minerals will start construction this quarter at its Pilgangoora lithium project, in the Pilbara region, with first production expected by mid-2018
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