Battery Metals - Copperbelt Katanga Mining

Zimbabwe’s ban on Lithium ore Exports triggers Stockpile buildup

March 15, 2023March 15, 2023 Constance

Zimbabwe’s ban on lithium ore exports has resulted in stockpiles of the key battery metal building up in the southern African country. The ban-introduced by the government last December in a bid to encourage local processing of the metal — has resulted in 2 million tons of ore being stockpiled, according to Zimbabwe Miners Federation President Henrietta Rushwaya. Now the industry has asked President Emmerson Mnangagwa to review the ban as it threatens the viability of their operations. “The unexpected ban has prejudiced standing offtake agreements between miners and international buyers,… Read More Here

International Battery Metals

US firm seeks Tanzania’s Lithium reserves

March 15, 2023March 15, 2023 Constance

Following the discovery of lithium deposits south of Mount Kilimanjaro with large enough reserves to make Tanzania a global market leader for the increasingly popular mineral, US company Titan Lithium Inc. is attempting to strengthen its position in Tanzania. This past week, the US-based company released preliminary findings from two separate soil geochemical samplings conducted in two locations that straddled the Kilimanjaro and Arusha regions, indicating high lithium grades up to 2.79 percent lithium oxide. The results were “encouraging enough,” to warrant additional investigation, the Titan Lithium Chairman Harp Sangha… Read More Here

Mining in DRC Battery Metals

DRC rallies Mining Investors in Toronto for Battery Factory project

March 9, 2023March 13, 2023 Constance

The Government of the Democratic Republic of Congo (DRC) continues to mobilize investors around the world to materialize the construction project of the electronic battery factory in the Democratic Republic of Congo (DRC). A strong Congolese delegation from the Congolese Ministry of Industry is taking part in the twenty-first annual seminar on investment and mining in Africa organized by the Canada-Africa Chamber of Commerce. It is in this context that the representative of the Ministry of Industry, the Director General of the Congolese Battery Council (CCB), Denis Lecouturier, invited Canadian… Read More Here

Events & Expos Battery Metals Cobalt Copper International Lithium Nickel

Battery Metal frenzy outshines Recovery fears at PDAC

March 9, 2023March 9, 2023 Constance

Tepid global demand for metals driven by recession fears and China’s weak economic recovery have done little to shake the belief among miners that battery materials are heading for an epic bull run. That was the sentiment of thousands of executives, investors, government officials and bankers who crammed into a conference center in Toronto for the past four days to showcase their assets, network and strike deals. For the event organizer, the Prospectors & Developers Association of Canada gathering highlighted the industry’s push to be part of the solution in… Read More Here

Battery Metals International

Oyu Tolgoi begins Battery Electric journey with a Normet SmartDrive Utimec

March 9, 2023March 9, 2023 Constance

Oyu Tolgoi in Mongolia, one of the world’s largest copper-gold mines, recently received its first battery-powered mining vehicle for trials – a significant milestone for the underground operation and a testament to the successful collaboration of multiple teams. The machine is a Normet Utimec MF100 Material SD where SD stands for SmartDrive – Normet’s modular Li-ion battery electric vehicle (BEV) architecture designed to optimise energy consumption and performance in underground mining and tunnelling applications. IM understands that the machine is fully owned by Oyu Tolgoi and is just the first of… Read More Here

Marula Mining establishes Lithium and Copper subsidiary

March 8, 2023March 8, 2023 Constance

Marula Mining has announced the establishment of Muchai Mining, an 80% owned Zimbabwean operating subsidiary of Marula. Muchai Mining has been established to focus on securing near-term and advanced lithium and copper mining and development opportunities in Zimbabwe’s fast growing and highly attractive battery metals sector. And Jason Brewer, Marula Mining CEO, said, “The decision to establish Muchai Mining is the result of extensive due diligence and careful consideration of various opportunities in the region. Our team has been on the ground since the beginning of the year, and we… Read More Here

International Battery Metals Cobalt Copper Lithium Nickel

Battery metals projects catch eye of Pension funds and Carmakers

March 8, 2023March 8, 2023 Constance

Critical minerals projects are attracting newfound interest from pension funds and automakers to help tackle a looming shortage of battery metals, say some of Canada’s top investment bankers. The rush for metals like lithium, copper and nickel needed to power electric vehicles has “clearly brought the sector into a spotlight that it wasn’t in a few years ago,” Ilan Bahar, global mining co-head at BMO Capital Markets, said during a Monday panel discussion at a mining conference in Toronto. Bank of Montreal’s investment banking business has seen more interest from… Read More Here

Battery Metals Corporate News Events & Expos International

PDAC 2023 Launches Amid Critical Minerals Scramble

March 8, 2023March 8, 2023 Constance

PDAC 2023 kicks off amid critical minerals scramble: This year’s Prospectors and Developers Association of Canada (PDAC) convention officially began on 5th march Sunday morning, following a year that has seen the #miningsector attract a new level of attention from governments, #automakers, #battery#manufacturers and more. During the opening ceremony, Julie Dabrusin, parliamentary secretary to the federal minister of natural resources, highlighted how the commitment of 120 countries, including 21 countries from #AFRICA has put the spotlight on #mining. “I think that after a bit of a hiccup with respect to the markets, things have turned,” #PDAC President Alex Christopher said.… Read More Here

Battery Metals International Mergers & Acquisitions

China’s CNR snatches up Williams Minerals Mine in Zimbabwe for US$1.75 billion

March 5, 2023March 5, 2023 Constance

China Natural Resources (CNR) has acquired the Williams Minerals lithium mine in Zimbabwe for US$1.75 billion from Feishang Group and Top Pacific (China). The rising demand for lithium, a safe and reliable resource in a global market where the appetite for renewable energy continues to grow, has motivated CNR to make this strategic move. This acquisition will enable CNR to indirectly acquire all interests in Williams Minerals in the second quarter of this fiscal year, subject to the issuance of independent technical reports and the company’s full settlement of cash… Read More Here

Mining in Zambia Battery Metals Coal Copper

Mineral Commodity Prices Last Week

March 5, 2023March 5, 2023 Constance

According to the latest information, mineral commodity prices increased last week. This news is significant for the mining industry as it could signal a shift in demand for minerals such as copper, Cobalt, and Nickel. The rise in prices may also have implications for the global economy as many countries rely on these commodities for their manufacturing and industrial sectors. However, it remains to be seen whether this price increase will be sustained over the long term or if it is merely a temporary fluctuation in the market. Read More Here