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Category: Battery Metals

Will Africa and the DRC Turn the Lithium Rush into a Development Opportunity? 1 Lithium Battery Metals Copper Gold Mining in DRC 

Will Africa and the DRC Turn the Lithium Rush into a Development Opportunity?

Constance
Africa holds 30-75% of the world’s reserves of lithium, phosphate, copper, chrome, manganese, gold, platinum, diamonds, and aluminum. Some of these minerals, such as lithium, are essential for what is known as the energy transition, the shift from an economy based on gas and oil to one based on renewable sources. Zimbabwe possesses the largest lithium reserves in Africa, which are also the fifth-largest in the world. In 2018, Zimbabwe and Namibia were among the top ten global lithium producers. Zimbabwe is expected to meet 20% of the global demand… Read More Here
DRC Cancels Mining rights for 29 Companies 2 Mining in DRC Battery Metals Copper Mining Policy 

DRC Cancels Mining rights for 29 Companies

Constance
On the date of the issuance of the decree, July 31st, by Michel Kibonge Nyekuma, the Chief of Staff of the Minister of Mines, several of these companies had not yet signed their memorandum of understanding. Twenty-nine mining companies, including Cico, Cilu, Congolaise de Mines et du Développement (Comide), Boss Mining, Ruashi Mining, PPC Barnet, and Chemaf, owned by Congolese, German, Kazakh, Chinese, Indian, South African, and Australian groups, have had their mining rights canceled by the government of the Democratic Republic of Congo (DRC). As of the date of… Read More Here
DRC urged to apply past lessons for Sustainable Battery Mineral extraction 3 Mining in DRC Battery Metals Environment Social Governance (ESG) 

DRC urged to apply past lessons for Sustainable Battery Mineral extraction

Constance
In the pursuit of battery minerals across the Democratic Republic of Congo (DRC) and other African nations, the mining industry is being urged to apply past lessons to ensure sustainability and positive local impact. Vis Reddy, Chairman of SRK Consulting South Africa, has highlighted the progress made in international best practices, particularly in community engagement. In response to these challenges and opportunities, SRK Consulting (SRK) will have representatives from its DRC, South Africa, and China branches attending the upcoming DRC Battery Metal Forum in Kinshasa, where these crucial topics will… Read More Here
Trafigura-Led Lobito Rail Upgrade Awaits Its First Users 4 Mining in DRC Battery Metals Cobalt Copper Mining in Zambia Transport and Logistics 

Trafigura-Led Lobito Rail Upgrade Awaits Its First Users

Constance
African metal producers are reluctant to make long-term commitments to use a railway a Trafigura-led consortium plans to upgrade, four sources with knowledge of the matter said. Known as Lobito Atlantic Railway, the consortium pitched the overhaul of the line, historically known as the Benguela Railway, that links resource-rich Democratic Republic of Congo (DRC) to the port of Lobito in Angola to bypass road congestion and avoid long delays on the copper and cobalt route. So far only Ivanhoe Mines is known to have signed a non-binding agreement to use the Lobito railway… Read More Here
International Markets Witness Growing Demand for Cobalt, the 'Energy Transmission Ore' 5 Mining in DRC Battery Metals Cobalt 

International Markets Witness Growing Demand for Cobalt, the ‘Energy Transmission Ore’

Constance
According to data from the economic situation note of the Central Bank of Congo (BCC) of August 25, 2023, 99.8% cathode cobalt increased from USD 32,730.00 per tonne to USD 35,717.44 per tonne. ton, from one week to the next. Which represents an increase of almost 3,000 USD. “The price of cobalt remained stable around USD 32,985.00 per tonne from one week to the next. On the other hand, on the London market, the price of cobalt (99.8% cathode) increased by 9.13%, from 32,730.00 USD to 35,717.44 USD per tonne from one… Read More Here
Japan Expands Critical Mineral Exploration Partnerships in Africa to Diversify Supply Chain 6 Mining in DRC Angola Battery Metals Exploration Mining in Zambia Partnership 

Japan Expands Critical Mineral Exploration Partnerships in Africa to Diversify Supply Chain

Constance
In a strategic effort to reduce dependency on China for crucial minerals essential in high-tech industries, Japan has inked agreements with five African nations. The agreements were signed to facilitate the exploration and extraction of critical minerals like rare earths, cobalt, lithium, and nickel, aiding Japan’s drive to secure its supply chain. Minister of Economy, Trade and Industry Yasutoshi Nishimura, accompanied by Ichiro Takahara, Chairman and CEO of Japan’s state-owned Organization for Metals and Energy Security, embarked on a week-long journey to Namibia, the Democratic Republic of the Congo (DRC),… Read More Here
Sibanye-Stillwater cuts gold, nickel and PGMs production for 2023 7 Gold Battery Metals International Nickel 

Sibanye-Stillwater cuts gold, nickel and PGMs production for 2023

Constance
SIBANYE-Stillwater announced cuts to production guidance for gold, nickel and platinum group metals (PGMs) owing to operational mishaps, a strike, and lower metal prices. Publishing his firm’s interim results for the six months ended June 30, Sibanye-Stillwater CEO Neal Froneman said steps had been taken to “minimize” the events. “The operating environment has been … demanding, with regional factors in our operating jurisdictions posing significant challenges,” he said. New gold production guidance of 625,000 to 660,000 ounces was 16% to 17% lower than forecast at the beginning of the year following a shaft… Read More Here
Félix Tshisekedi Encourages better marketing of Cobalt ore 8 Mining in DRC Battery Metals Cobalt Economy 

Félix Tshisekedi Encourages better marketing of Cobalt ore

Constance
Designated a crucial mineral propelling the shift toward sustainable energy, cobalt is witnessing a surge in demand across global industrial sectors. Despite this escalating demand, the Democratic Republic of Congo (DRC), responsible for producing 70% of the world’s cobalt, reaps a meager share of revenue from its raw cobalt exports. In the recent weekly assembly of the Council of Ministers convened on Friday, August 25, 2023, President Félix Tshisekedi of the Republic emphasized the urgency of introducing comprehensive measures to meticulously regulate cobalt marketing and amplify the income generated through… Read More Here
China’s dominance a key factor in renewable energy subsidy wars 9 International Battery Metals Energy 

China’s dominance a key factor in renewable energy subsidy wars

Constance
One of the primary catalysts for the prevalent global emergence of subsidies within the renewable energy sector stems from the dominance of China, research firm BMI Research operational risk analyst Keaton Fitzpatrick has said. Speaking at a webinar hosted by BMI Research – a Fitch Solutions company – titled ‘Subsidy Wars and The Energy Transition, The Race To Develop Low Carbon Energy Manufacturing’ on August 24, he said China had unequivocally established its preeminence across the global energy supply chain, encompassing vital components of renewable energy, as well as the critical mineral provisions and corresponding market domains. One of the primary catalysts for the prevalent… Read More Here
Nigeria's Ministry of Transportation Plans Electric Car Fleet Acquisition 10 International Battery Metals 

Nigeria’s Ministry of Transportation Plans Electric Car Fleet Acquisition

Constance
Nigeria’s Ministry of Transportation has revealed its ambitious plan to acquire a fleet of electric cars in an effort to improve transportation effectiveness and address rising concerns about fuel costs. This change is anticipated to improve commuter convenience countrywide as well as cut carbon emissions. Sa’idu Alkali, the recently sworn-in Minister of Transportation made the announcement in Abuja after returning to work last week. He claims that the purchase of these cars would help to lower the high transportation costs that have resulted from the removal of fuel subsidies. “The… Read More Here

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