Battery Metals - Copperbelt Katanga Mining

CMOC Resolves Mining Royalties Dispute in DRC

April 19, 2023April 19, 2023 Constance

China’s CMOC Group Ltd. has made a breakthrough in its long-running dispute with state-owned partner Gécamines over mining royalties in the Democratic Republic of Congo (DRC). This development could enable CMOC to begin exporting its stockpile of battery metals to global markets. According to a filing made by CMOC on the Hong Kong stock exchange on Wednesday 19th April, both companies have reached a “consensus on the royalties issue” at the Tenke Fungurume operation. The exports from Tenke, a major source of copper and one of the world’s largest cobalt… Read More Here

Battery Metals Corporate News Mining in DRC Mining in Zambia

DRC-Zambia-USA tripartite evaluates the Agreement on the Battery industry

April 18, 2023April 18, 2023 Constance

After the INDABA Mining Forum in Cape Town, South Africa, the agreement on the battery industry was once again at the heart of discussions within the DRC-Zambia-USA tripartite, on Saturday April 15, 2023, in Washington, DC, United States. Signed in December 2022, the memorandum of understanding is in line with the objective of the DRC and Zambia to set up a productive supply chain, from the mine to the assembly line, while committing to international standards to prevent, detect, and prosecute corruption throughout this process. “We have been invited by… Read More Here

Battery Metals International

Tanzania signs $667 million deals for rare earth and Graphite projects

April 18, 2023April 18, 2023 Constance

Tanzania on Monday 17th April signed agreements worth $667 million with three Australian companies to mine rare earth minerals and graphite, part of the president’s drive to fast-track negotiations on long-pending mining and energy projects. Under the deals with Evolution Energy Minerals, Ecograf Ltd and Peak Rare Earths, Tanzania will have a 16% stake each in jointly established companies to operate the projects, said Palamagamba Kabudi, the chairman of the government’s negotiating team. The US government and allies including Australia, which has some of the world’s largest rare earths producers… Read More Here

Mining in DRC Battery Metals

US International Development Finance Agency intends to boost the electric battery factory project in the DRC

April 17, 2023April 17, 2023 arnbethnic

After being received at the US State Department, the Congolese Minister of Industry, Julien Paluku Kahongya, and his colleague from Finance, Nicolas Kazadi, met with the team from the American Agency for International Development Finance (DFC) led by its Executive Director, Scott Nathan. During this strategic meeting, the American financial agency announced that it will support the acceleration of the realization of the pan-African project to establish the first factory for the production of electric battery precursors in the province of Haut-Katanga in the Democratic Republic of Congo (DRC). For… Read More Here

Battery Metals

Apple to use only recycled Cobalt in Batteries by 2025

April 14, 2023April 14, 2023 Constance

Apple Inc said on Thursday 13th April it would use only recycled cobalt in batteries by 2025 as a part of its efforts to make all its products carbon neutral by the end of the decade. Magnets in Apple devices will use recycled rare earth elements, and in-house designed printed circuit boards will use recycled tin soldering and gold plating, the company said. Apple is pushing to become carbon neutral through its entire supply chain and the life cycle of every product by 2030. On Tuesday 11th April, it also… Read More Here

International Battery Metals Lithium

Glencore to offer lithium batteries recycling services in Spain and Portugal

April 12, 2023April 12, 2023 Constance

Swiss miner and commodities trader Glencore is joining forces with waste management services provider FCC Ámbito and Spanish energy firm Iberdrola to offer lithium-ion battery recycling services in Spain and Portugal. The partners will build a recycling plant that will also offer second-life solutions for batteries, both from gigafactory production scrap and end-of-life batteries, Glencore said n the statement. The companies said they have assessed existing battery recycling capabilities and feed availability in Spain and Portugal, but the location of their factory, to be run by FCC, is yet to be determined. Kunal… Read More Here

International Battery Metals

Alternative Battery minerals gain favor

April 10, 2023April 10, 2023 Constance

Due to the explosion of the battery mineral market, the hunt has been on to find and develop more affordable alternatives. In the past decade there has been a massive global shift towards the utilisation of batteries in an increasingly wide range of applications. The most notable has been in stored power packs from PV installations to rechargeable batteries for the Electric Vehicle (EV) market that is increasingly putting higher demands on the delivery of critical minerals and metals. This demand has led to some of these minerals and metals… Read More Here

Battery Metals Copper International Lithium

Musk puts $14 trillion price tag on sticking by fossil fuels

April 7, 2023April 7, 2023 Constance

Converting the world to entirely clean energy will require $10 trillion worth of investment, but continuing to rely on fossil fuels would cost about $14 trillion, according to Elon Musk. A massive build-out of solar-panel factories and metal refineries are required over the next 20 years to deliver renewable-power generation and electricity-storage capacity needed to power the global economy entirely with carbon-free energy, Tesla Inc. said in its Master Plan Part 3 published Thursday 6th April. The white paper fleshes out the details of Musk’s vision for a world without… Read More Here

Battery Metals International

Biden offers $450m for clean energy projects at coal mines

April 6, 2023April 6, 2023 Constance

The United States government announced on Tuesday 4th March, it had set aside $450 million to advance clean energy projects on current and former mine sites, given special attention to those that can provide new economic opportunities for coal communities. The Department of Energy will also provide $16 million to the University of North Dakota and West Virginia University to complete design studies for a domestic refinery that will extract rare earth and other critical minerals from coal ash, acid mine drainage and other mine waste, the White House said. After taking… Read More Here

Mining in DRC Battery Metals Cobalt Copper

DRC signs Framework for pre-feasibility study of economic zone for Batteries and EVs

March 30, 2023March 30, 2023 Constance

Will the DRC manage to set up its ambitious project to produce batteries and electric vehicles? Yes, we answer in the government. Prime Minister Sama Lukonde chaired this Monday, March 27, 2023 in Kinshasa the signing ceremony of the framework agreement relating to the creation of a special economic zone (SEZ) dedicated to this project. The stakeholders in this project are the DRC, Zambia, whose Minister of Industry came from Kinshasa, the United Nations Economic Commission for Africa and Afreximbank. The signed framework agreement aims to pave the way for a pre-feasibility… Read More Here