Battery Metals - Copperbelt Katanga Mining

Glencore’s Mutanda Mine Faces Cobalt Output Decline Due to Ore Depletion

November 30, 2023November 30, 2023 Constance

Glencore’s Mutanda mine in Congo is confronting a significant reduction in cobalt production, projected to be up to 15% less per year, according to sources familiar with the situation. The decline in cobalt output at Mutanda is attributed to diminishing surface oxide ore deposits. To tackle this challenge, Glencore is exploring the necessity of investing in the extraction and processing of sulphide ores located deeper underground, as indicated by the sources. The London-based mining company is currently engaged in a comprehensive feasibility study aimed at evaluating the required investment and… Read More Here

Mining in DRC Battery Metals Lithium

Tantalex Lithium Resources CEO sheds light on the importance of lithium to the DRC

November 26, 2023November 26, 2023 Constance

The Democratic Republic of the Congo (DRC) is renowned in the mining industry for its abundant resources, yet it grapples with a reputation for corruption and widespread poverty, raising concerns about the equitable distribution of wealth from resource extraction. This trend, observed in numerous industries and countries globally, seems notably pronounced in the DRC. Engaging with individuals operating within such environments, like Eric Allard, CEO of Tantalex Lithium Resources (CSE:TTX, OTC:TTLXF), offers a unique perspective on the ground reality in the DRC and sheds light on daily experiences. Allard, having… Read More Here

Mining in DRC Battery Metals Lithium

AVZ Minerals Secures ICC Injunction Against COMINIERE in Manono Lithium Project Dispute

November 24, 2023November 24, 2023 Constance

The dispute between AVZ Minerals and COMINIERE regarding the Manono lithium project in the DRC is yet to reach a final resolution. The International Chamber of Commerce has issued a prohibition on Congolaise d’Exploitation Minière (Cominière), restraining any actions directly or indirectly linked to the exploration and exploitation of the Manono project claimed by AVZ Minerals. This decision marks a preliminary victory for the Australian mining company, announced on November 17. Previously, AVZ had urgently sought arbitration to halt any transactions related to the Manono project. Notably, Cominière had recently… Read More Here

Mining in DRC Battery Metals Lithium

AVZ Minerals Secures Strategic Funding Pact to Resolve Legal Battles

November 17, 2023November 17, 2023 Constance

In a strategic move, AVZ Minerals, an Australian company, has inked a significant binding term sheet with Locke Capital, a global litigation funder. The deal, valued at $20 million, aims to address corporate, legal, and project expenses while resolving multifaceted litigation surrounding the Manono lithium and tin mine in the Democratic Republic of Congo (DRC). The funds will play a pivotal role in managing several arbitration cases at the International Chamber of Commerce (ICC) in Paris, primarily revolving around the Manono lithium permits. Notably, AVZ has secured emergency relief orders… Read More Here

Mining in DRC Battery Metals Lithium

Tantalex Lithium Secures Glencore Partnership with Offtake Agreement and $5M Financing

November 14, 2023November 14, 2023 Constance

Tantalex Lithium Resources Corp. (CSE: TTX – FSE: DW8 – OTCQB: TTLXF) announced yesterday November 13th the successful conclusion of a lithium marketing offtake agreement (Marketing Offtake Agreement) and a convertible facilities agreement amounting to US$5,000,000 (Convertible Facilities Agreement) with Glencore AG (Glencore). These agreements were previously disclosed in Tantalex’s news release on September 8th, 2023. The Marketing Offtake Agreement encompasses 100% of the lithium production from Tantalex’s Manono Lithium Tailings Project, starting from the commencement of commercial production throughout the mine’s operational life. Glencore will exclusively manage all sales… Read More Here

Mining in DRC Battery Metals Copper

Critical Metals Transforms Into a Copper Producer in DRC

November 12, 2023November 12, 2023 Constance

Critical Metals, a copper project developer, marked its evolution from an explorer to a full-fledged copper producer in the Democratic Republic of Congo (DRC) with the initiation of mining and processing operations at the Molulu project. The company anticipates positive operating cash flow in the fourth quarter. By the end of the financial year, Critical Metals employed 51 people in the DRC, 49 of whom were DRC citizens. During the mining build-up, the company streamlined its corporate structure and increased its indirect holding in the Molulu copper project from 40%… Read More Here

Mining in DRC Battery Metals Mining in Zambia

Bill Gates-Backed Mining Startup Wants to Expand Into the DRC

November 8, 2023November 8, 2023 Constance

KoBold Metals, a mining startup with the support of Bill Gates, is advancing toward potential investments in the Democratic Republic of Congo (DRC) while developing a copper project in Zambia. CEO Kurt House revealed that the company has submitted a bid for an undisclosed asset in the DRC, although the transaction did not materialize. House emphasized that the DRC offers a highly favorable environment for the materials essential to KoBold’s global green-energy transition initiatives. The DRC is the world’s leading producer of cobalt and one of the major sources of… Read More Here

Battery Metals Mining in DRC

DRC Sets Sights on Ambitious Electric Vehicle Industry: Minister Paluku Reveals 10-15 Year Plan for Battery Production

November 5, 2023November 6, 2023 Constance

Julien Paluku, the Minister of Industry in the Democratic Republic of Congo (DRC), stated that it may require a period of 10 to 15 years to manufacture batteries and electric vehicles. This statement was made in response to inquiries about establishing the electric vehicle battery value chain in the DRC. The goal of creating this value chain was a central focus for the DRC’s participation in the Global Gateway forum held in Brussels from October 25 to 26. The forum, organized by the European Union, saw Prime Minister Jean Michel… Read More Here

Mining in Zambia Battery Metals Mining in DRC Transport and Logistics

US breaths new life into the Lobito Corridor to challenge china’s Dominance for Critical minerals

November 3, 2023November 3, 2023 Constance

The United States is making a determined effort to catch up with China in a region that has become pivotal to the green transition: Africa’s “Copperbelt.” Zambia and the Democratic Republic of Congo, rich in minerals vital for battery and renewable energy production, have become the latest battleground for influence between Washington and Beijing. The Biden administration, in its pursuit of challenging China’s supremacy, has seized an opportunity to breathe new life into a century-old railway connecting crucial African mines to an Atlantic Ocean port, known as the Lobito corridor.… Read More Here

Mining in DRC Battery Metals Lithium

AVZ Minerals Seeks Emergency Arbitration Over Manono Lithium Mine Dispute

October 30, 2023October 30, 2023 Constance

AVZ Minerals announced on today October 30th its intention to file an emergency arbitration application, with the aim of obtaining injunctive relief against Cominiere. This move seeks to prevent any transaction related to the disputed Manono lithium mine in the Democratic Republic of Congo (DRC). Last week, Zijin Mining disclosed that its joint venture, Manono Lithium SAS, in which its subsidiary Jinxiang Lithium holds a 61% stake, while DRC’s state-owned Cominiere possesses the remaining interest, was granted rights over the northeast tenement of the Manono mine. AVZ Minerals is pursuing… Read More Here