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Lithium News

Sal de Vida still set for 2022 start

By: Esmarie Iannucci     7th July 2020 Lithium miner Galaxy Resources on Tuesday said that it was still on target for Stage 1 ore production at the Sal de Vida project, in Argentina, in 2022, despite the Covid-19 pandemic impacting the development schedule of the project. Galaxy in April this year suspended operations at Sal de Vida... 

Covid-19 stops Caucharí-Olaroz construction

By: Creamer Media Reporter      6th July 2020 Construction of the Caucharí-Olaroz lithium project, in Jujuy, Argentina, has been halted, after two workers tested positive for Covid-19. Both workers were asymptomatic and in good health, dual-listed Lithium Americas said on Monday. Construction activities had been temporarily suspended while... 

Power Metal raises £1m to accelerate exploration

By: Schalk Burger     6th July 2020 Aim-listed metals exploration and development company Power Metal Resources has raised £1-million to accelerate exploration across its portfolio of projects and to commercialise select project interests. The funds raised will increase the available working capital (cash and listed financial... 

Minerals Council regrets delay of 2018 Mining Charter review 

By: Martin Creamer     6th July 2020 Minerals Council South Africa on Monday expressed regret that the finalisation of the review of the contested elements of the 2018 Mining Charter had been delayed following a judgement of the full bench of the High Court in Pretoria ordering that a number of other parties be joined to the action.... 

Minerals Council regrets delay of 2018 Mining Charter review
Photo by Creamer Media
Minerals Council South Africa.

Prospect appoints Renaissance Capital as adviser for proposed sale of Zim mine

By: Donna Slater     6th July 2020 ASX-listed lithium project developer Prospect Resources has appointed independent investment bank Renaissance Capital as its financial and merger and acquisition adviser for the proposed sale of its 87%-owned Arcadia lithium mine, in Zimbabwe, to Uranium One. Prospect and Uranium One in December... 

Australia's Prospect Resources picks adviser for sale of Zimbabwe lithium mine

By: Reuters     6th July 2020 Australian-listed Prospect Resources said on Monday it had picked Renaissance Securities Capital as its exclusive financial advisor for the possible sale of shares in Zimbabwe's Arcadia Lithium mine to Russian energy firm Uranium One. Uranium One, a unit of Russia's state-owned nuclear energy... 

Lithium feeling pandemic pinch

By: Theresa Bhowan     3rd July 2020 The lithium market is declining as a direct result of electric vehicle (EV) plans being pushed back and EV production plummeting, says international commodities consultancy Core Consultants. 

Lithium feeling pandemic pinch
ON HOLD South America contains 61% of global lithium reserves and is feeling the effects of the decline in the commodities performance

Covid kills 13 mineworkers, no foreigners back at work  

By: Martin Creamer     2nd July 2020 Thirteen mineworkers have now succumbed to the coronavirus, Minerals Council South Africa public affairs and transformation senior executive Tebello Chabana said on Thursday. Of the 13 who have died, seven were employed in platinum mining in North West province, which has the most cases at 1 413... 

Covid kills 13 mineworkers, no foreigners back at work
Minerals Council South Africa Covid update covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Platinum group metals in pole position to benefit from global decarbonisation thrust  

By: Martin Creamer     1st July 2020 Platinum group metals are in pole position to benefit from the fast-growing global decarbonisation momentum, Mining Weekly can today report. A multiplicity of global announcements are emerging daily that inextricably link platinum-catalysed hydrogen fuel cells as well as platinum-catalysed... 

Platinum group metals in pole position to benefit from global decarbonisation thrust
AP Ventures founding partner Kevin Eggers interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

IronRidge granted exploration licence for Mankessim South project

By: Donna Slater     30th June 2020 Aim-listed minerals exploration company IronRidge Resources’ wholly-owned Ghana entity Green Metals Resources, has been granted an exploration for its Mankessim South project, in Ghana. The licence provides IronRidge full ownership of a contiguous prospective lithium exploration license adjacent... 

Sigma announces term sheet for $45m project facility

By: Creamer Media Reporter      30th June 2020 TSX-V-listed Sigma Lithium has signed a term sheet for a $45-million senior secured project finance facility to be led by Societe Generale. The bank project finance facility will be used for the construction and development of the company’s Grota do Cirilo lithium project in Minas Gerais,... 

Nemaska bidding deadline extended

By: Mariaan Webb     30th June 2020 The deadline for the eight qualified bidders participating in the sale or investor solicitation process (SISP) for lithium project developer Nemaska Lithium has been extended from June 30 to July 10. The Covid-19 crisis had an impact on the ability of certain qualified bidders to conduct their... 

House Democrats will call for 100% clean cars by 2035

By: Bloomberg     29th June 2020 House Democrats on Tuesday will issue an ambitious plan to combat climate change, a move intended to reassure their base of supporters but that’s sure to inflame opponents on the right. The proposal will be released at an event at the US Capitol with Speaker Nancy Pelosi and several other... 

Altura's sales hit highs in June quarter

By: Esmarie Iannucci     29th June 2020 ASX-listed Altura Mining has reported record lithium sales in the June quarter from its project in the Pilbara. A record 60 950 t of lithium was shipped during the quarter, with 16 000 t recently loaded at Port Hedland, bound for China, marking the fourth shipment in the June quarter.  

SA Inc must act now to take ownership of battery metals value chain – Bushveld 

By: Martin Creamer     26th June 2020 Bold action is needed by South Africa Inc to take ownership of the significant potential share of the global battery metals market open to it, says Bushveld Minerals CEO Fortune Mojapelo. Speaking to Mining Weekly following this week’s presentation by the company of solid 2019 financial results... 

SA Inc must act now to take ownership of battery metals value chain – Bushveld
Wind and sun are producing clean electricity that vanadium flow batteries can store.

Orocobre expects declining sales in June quarter

By: Esmarie Iannucci     25th June 2020 Lithium miner Orocobre is expecting sales volumes on the June quarter to reach some 1 600 t of lithium carbonate, with product pricing expected to be around $4 015/t free on board. The sales volumes for the June quarter compared with the 2 513 t sold in the March quarter, which was down from... 

Demand for EV battery raw materials set to increase − Unctad

By: Tasneem Bulbulia     24th June 2020 The demand for raw materials used to manufacture rechargeable batteries will grow rapidly as the importance of oil as a source of energy recedes, as highlighted recently by the collapse of prices owing to oversupply and weak demand resulting from Covid-19, a new report published by the United... 

Deep sea mining could destroy undiscovered species, says Ocean Panel 

By: Reuters     24th June 2020 Mining on the sea floor should not begin before a full assessment of likely environmental impacts can be made, a report commissioned by the High Level Panel for a Sustainable Ocean Economy (Ocean Panel) said on Wednesday. Environmentalists including Britain's David Attenborough have called for a... 

Deep sea mining could destroy undiscovered species, says Ocean Panel

Millennial's Argentina project receives enviro permit

By: Mariaan Webb     24th June 2020 TSX-V-listed developer Millennial Lithium has received an environmental permit for its flagship lithium brine project, Pastos Grandes, in Salta, Argentina, lifting its share price by nearly 10% on Tuesday. The declaracion de impacto ambiental (DIA) that the project received represents the... 

Funding talks still ongoing - ioneer

By: Esmarie Iannucci     23rd June 2020 ASX-listed ioneer on Tuesday said that it was in discussions with a ‘range of strategic players’ to fund the development of its Rhyolite Ridge lithium/boron project, in Nevada. Responding to a report in Tuesday’s Financial Review, which said that the company had started a formal strategic... 

Piedmont taps Primero for concentrator

By: Esmarie Iannucci     23rd June 2020 ithium developer Piedmont Lithium has tapped Primero Group as the preferred engineering, procurement and construction (EPC) as well as operations contractor for its planned spodumene concentrator in North Carolina. The two companies have entered into a memorandum of understanding (MoU) to work... 

Covid-19 is an important catalyst for hydrogen economy’s take-off – AP Ventures  

By: Martin Creamer     22nd June 2020 Despite being a global pandemic with hugely negative health consequences, Covid-19  is an important catalyst for the take-off of the hydrogen economy, in which platinum plays a fundamental role. “There’s an opportunity now to capitalise on a new wave on interest in hydrogen,” says AP Ventures LLP... 

Covid-19 is an important catalyst for hydrogen economy’s take-off – AP Ventures
AP Ventures founding partner Kevin Eggers speaks to Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Covid-19 to contribute to lower lithium prices, but higher cobalt prices

By: Tasneem Bulbulia     19th June 2020 The lithium market is expected to experience a lower price environment, while cobalt prices are expected to be supported by sustained market deficits, research from financial information and analytics provider S&P Global Market Intelligence’s Commodity Briefing Service (CBS) series shows. The... 

Electric vehicle rally to maintain demand for battery metals despite Covid-19

By: Donna Slater     19th June 2020 Although subdued as a result of Covid-19, demand for battery metals, including cobalt, lithium and copper, will remain strong as a result of growth in the global electric vehicles (EV) market, business intelligence company CRU UK cobalt, lithium and battery markets senior analyst George Heppel... 

Electric vehicle rally to maintain demand for battery metals despite Covid-19

Altura shareholder becomes offtake partner

By: Esmarie Iannucci     19th June 2020 ASX-listed Altura Mining has inked a multi-year lithium offtake agreement with Hunan Yongshan Lithium Company, a subsidiary of shareholder Ningbo Shanshan. The five-year binding offtake agreement will start in January next year, with a minimum of 60 000 t/y from January 2022. The binding... 

Canada reaffirms commitment to US critical minerals supply chain

By: Mariaan Webb     18th June 2020 Canada’s Natural Resources Minister Seamus O’Regan has reaffirmed the country’s commitment to develop an integrated North American supply chain for critical minerals. A year ago, Prime Minister Justin Trudeau and President Donald Trump committed to such a supply chain and in January, the two... 

Canada reaffirms commitment to US critical minerals supply chain
Canada Natural Resources Minister Seamus O'Regan

Talga’s Sweden graphite project gets ‘national interest’ demarcation

By: Simone Liedtke     18th June 2020 A recent decision by the Swedish Geological Survey (SGU) has completed the demarcation of battery anode and graphene additives company Talga Resources’ Vittangi graphite project, in northern Sweden, as a mineral deposit of national interest. This designation adds support to consider the... 

Infinity Lithium stock surges on EU funding deal

By: Simone Liedtke     18th June 2020 Australia-listed minerals company Infinity Lithium has executed binding agreements for a multi-staged funding and added services assistance package with the European Union-based innovation initiative EIT InnoEnergy. The package was achieved through a recently launched platform that was created by... 

Latin Resources joins forces with Integra on Catamarca lithium projects

By: Marleny Arnoldi     17th June 2020 ASX-listed Latin Resources has signed a joint venture (JV) agreement on the company’s Catamarca lithium pegmatite projects with Argentinian investment group Integra Capital. The signing of the binding JV agreement comes after an extensive negotiation process on Latin’s concessions, which... 

Ethiopia looking to bolster investment in resources, mining 

By: Simone Liedtke     17th June 2020 With an abundance of natural resources that have not been significantly exploited, Ethiopia has “enormous potential” for the export of these resources and at a relatively low production cost, Ethiopia Ministry of Mines, Petroleum and Natural Gas planning, monitoring and evaluation director... 

Ethiopia looking to bolster investment in resources, mining
Beryihun Temesgan, who spoke on behalf of Ethiopian Mines and Petroleum Minister Dr Samuel Urkato, and Ethiopia Ministry of Mines, Petroleum and Natural Gas planning, monitoring and evaluation director Geremew Negassa discuss the investment case for Ethiopia in a webinar hosted by the Australia-Africa Minerals and Energy Group. Video: Creamer Media's Kutlwano Matlala. Editing: Creamer Media's Nicholas Boyd.

Potential lithium extraction – AfriTin

By: Martin Creamer     16th June 2020 An internal review has shown the potential extraction of lithium as an additional revenue stream along with tantalum, London Aim-listed tin mining company AfriTin announced on Tuesday. The London Aim-listed company's fourth shipment of tin concentrate was dispatched this month. 

Potential lithium extraction – AfriTin
Flashback to Uis' first mine blast.

Core increases Finniss resource

By: Esmarie Iannucci     15th June 2020 ASX-listed Core Lithium has reported a 52% increase in the mineral resource estimate for its Finniss lithium project, in the Northern Territory. The project is now estimated to host 15-million tonnes of resource, grading at 1.3% lithium oxide. 

Piedmont completes first part of capital raise

By: Esmarie Iannucci     12th June 2020 Lithium developer Piedmont has completed its US public offering of more than two-million American Depository Shares (ADS), raising $13-million. The ASX-listed company earlier this week flagged a A$29-million capital raise to continue the development of its namesake lithium project, in North... 

240 000 miners back at work – Minerals Council South Africa 

By: Martin Creamer     11th June 2020 An estimated 240 000 miners are back at work on 385 large and small mines across South Africa, Minerals Council South Africa public affairs and transformation senior executive Tebello Chabana said on Thursday. Each and every one of these miners was screened on their return to work after lockdown... 

240 000 miners back at work – Minerals Council South Africa
Mining Weekly’s Martin Creamer reports on Covid update by Minerals Council South Africa. Video: Darlene Creamer 11.06.2020

ICMM members record 287 fatalities in 2019

By: Martin Creamer     11th June 2020 The International Council on Mining and Metals (ICMM) on Thursday released the 2019 safety data of its company members, who reported 287 occupational fatalities, a marked increase from the 50 fatalities recorded in 2018 and 51 fatalities recorded in 2017. ICMM said in a media release to Mining... 

ICMM members record 287 fatalities in 2019
ICMM CEO Tom Butler

Piedmont to raise A$29m for US lithium project

By: Esmarie Iannucci     11th June 2020 Lithium developer Piedmont Lithium will raise A$29-million to continue the development of its namesake lithium project, in North Carolina. The company on Thursday said that it had received commitments for a US public offering of 1.8-million of its American Depositary Shares (ADS), each... 

Global mining forum IGF puts forward sweeping employment reforms 

By: Martin Creamer     10th June 2020 The Intergovernmental Forum on Mining Minerals Metals and Sustainable Development (IGF) on Wednesday put forward sweeping mining employment reforms in response to the Covid-19 pandemic, which has, it states, exposed weak points in the global labour market. IGF emerged from the 2002 World Summit... 

Global mining forum IGF puts forward sweeping employment reforms
Photo by Bloomberg
Sweeping mining reforms advocated in response to Covid-19.

Weekly Coal Index heralds vital new era of African pricing transparency  

By: Martin Creamer     10th June 2020 Coal remains the dominant primary energy source for the production of electricity in South Africa. Even with high allocations for renewable energy in the latest Integrated Resource Plan (IRP) 2019, as well as the prospect of coal-plant decommissioning over the coming ten years, coal is still... 

Weekly Coal Index heralds vital new era of African pricing transparency
African Source Markets CEO Bevan Jones
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