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Lithium News

Global mining sharing knowledge in response to Covid-19  

By: Martin Creamer     14th July 2020 The International Council on Mining & Metals (ICMM) has been convening many knowledge-sharing sessions in response to the coronavirus. Among ICMM’s 27 mining and metals company members and 36 association members are South Africa’s African Rainbow Minerals, Anglo American, AngloGold Ashanti,... 

Positive reaction to ANC document’s encouragement of exploration  

By: Martin Creamer     14th July 2020 Reaction has been positive to the discussion document of economic transformation committee (ETC) of the African National Congress (ANC), which states that the listing of mining companies on the Johannesburg Stock Exchange (JSE) should be encouraged and mining exploration incentivised, as is the... 

Positive reaction to ANC document’s encouragement of exploration
Photo by Creamer Media
Paul Miller...flashback to his period in coal exploration and development.

Core joins European alliance

By: Esmarie Iannucci     14th July 2020 ASX-listed Core Lithium has been accepted as a member of the European Battery Alliance (EBA250), providing a pathway for the company to grow its presence in the European market. The EBA250 brings together more than 440 players from the European Commission (EU), interested in EU countries,... 

Covid opens up opportunity for more constructive, purposeful dialogue – Minsur  

By: Martin Creamer     13th July 2020 The Covid-19 pandemic has allowed the mining industry to highlight and strengthen its role as a catalyst of social development in the areas in which it operates, Minsur  CEO Juan Luis Krueger said on Monday. Krueger was speaking during an  International Council on Mining and Metals (ICMM) online... 

Covid opens up opportunity for more constructive, purposeful dialogue – Minsur
International Council on Mining and Metals virtual Covid event covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Galaxy extends offtake contract

By: Esmarie Iannucci     13th July 2020 Lithium miner Galaxy Resources has extended its existing offtake agreement with Yahua International Investment and Development Co by a further three years until the end of 2025. Yahua has an offtake for 120 000 t/y of high quality spodumene concentrate from Galaxy’s Mt Cattlin operation, in... 

Investors in mining exploration should be incentivised – ANC’s ETC 

By: Martin Creamer     13th July 2020 Listings of mining companies on the Johannesburg Stock Exchange should be encouraged and South African retail investors willing to invest in mining exploration should be incentivised as is the case in other mining jurisdictions, the economic transformation committee (ETC) of the African National... 

Investors in mining exploration should be incentivised – ANC’s ETC
Photo by Creamer Media
ANC document says mining exploration should be incentivised.

Return of foreign mineworkers taking double planned time   

By: Martin Creamer     13th July 2020 The return of the 12 500 foreign mineworkers to South Africa’s mines is taking double the time planned. The initial ten-day plan of Minerals Council South Africa has become a 20-day plan because of the need to overcome bottlenecks. 

Return of foreign mineworkers taking double planned time
Minerals Council South Africa Covid update covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

WA flagged as Australia battery destination

By: Esmarie Iannucci     10th July 2020 Western Australia has been tipped as the prime location for a battery cathode active material (CAM) manufacturing destination, according to a new report. The report, commissioned by the Department of Industry, Innovation and Science, pointed out that Australia currently produced nine of the ten... 

WA flagged as Australia battery destination

Investors put more into Cornish Lithium

By: Mariaan Webb     8th July 2020 Exploration junior Cornish Lithium has raised another £826 000 from shareholders. Founder and CEO Jeremy Wrathall says shareholders chose to put more funds into the company during a time of “huge uncertainty”, noting that investors are “thinking carefully" about where to deploy their funds. The... 

EVs are starting to buoy the global metals market

By: Bloomberg     7th July 2020 The market gloom over the metals that will power the cars of the future is starting to lift. Supply overhangs and then the coronavirus pandemic had crushed short-term prospects for the minerals used to make rechargeable batteries. But new government commitments to green transport in China and... 

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... 

Sal de Vida still set for 2022 start

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... 

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