Battery Metals - Copperbelt Katanga Mining

Lessons from Cobalt price Drop for Congo?

March 5, 2023March 5, 2023 Constance

The recent installation of the organizers of the Congolese Council of the Battery by the President of the Republic will have been preceded a few weeks before by a new very significant drop in the price of Cobalt. Listed at USD 82,000 per tonne between March and May 2022, this coveted metal saw its price drop below USD 35,000 per tonne at the end of February 2023. Three reasons explain this price drop: (1) The significant drop in demand for batteries previously stimulated by the explosion in sales of electronic… Read More Here

Battery Metals Mining in DRC

New Congolese Battery Council Animators Notified to Start Work

February 28, 2023March 2, 2023 Constance

After their appointment by Presidential Ordinance , the leaders of the Congolese Battery Council (CCB), a structure which will pilot the major pan-African project for the electric battery industry, were notified on Tuesday, February 21, 2023 by the Minister of Industry, Julien Paluku Kahongya. The latter invited them to get to work to accelerate the materialization of the project to install the first manufacturing plant for electric battery precursors in the province of Haut-Katanga. “The governor of Haut-Katanga has already made 2,000 hectares available to the battery project in Lubumbashi, all that… Read More Here

Copper Battery Metals International

Cobre Completes 100% Acquisition of Triprop Holdings

February 28, 2023March 2, 2023 Constance

Cobre Limited has completed the issuance of 3,001,300 shares to various non-related parties of Triprop Holdings to move to 100% ownership of Triprop. Triprop is the registered license tenement holder for Cobre’s Ngami Copper Project as well as the northern portion of the Okavango Copper Project in Botswana. Triprop is now a wholly owned subsidiary of Kalahari Metals Limited which is also a wholly owned subsidiary of Cobre. The move to 100% ownership follows Cobre’s increase in ownership from 51% to 80%. The shares today are subject to a 12-month… Read More Here

Battery Metals International

Tesla & GM Join other Carmakers at Mining Events to Secure Battery Metals

February 26, 2023February 26, 2023 Constance

Top automakers including Tesla Inc., General Motors Co. and Ford Motor Co. are heading out on the mining conference circuit as soaring demand for metals used in electric vehicles ignites a scramble to lock in long-term supplies. Those major US firms, along with Rivian Automotive Inc. and European counterparts Stellantis N.V., Mercedes-Benz Group AG and Jaguar Land Rover Automotive Plc, will be mingling with the crowds of mining industry executives attending a major metals conference in Florida this week, according to multiple attendees who received a list of the event’s… Read More Here

International Battery Metals

Canada launches Eco-friendly EV with hemp and bio-composite Materials

February 24, 2023February 24, 2023 Constance

According to Project Arro, Canada has launched the first full-build, zero-emission vehicle named Project Arrow. An all-Canadian effort, it will be designed, engineered and built through the joint efforts of our world-class automotive supply sector and post-secondary institutions. Answering Prime Minister Trudeau’s call for a Zero-Emissions future by 2050, Project Arrow will bring together the best of the best of Canada’s electric-drive, alternative-fuel, connected and autonomous and light-weight technology companies. There’s the 3D-printed chassis made from composite materials to act as both a sturdy and lighter frame. To improve aerodynamics,… Read More Here

International Battery Metals

Reviving Nigeria’s Neglected $700bn Mining Sector

February 22, 2023February 22, 2023 Constance

The country wants to better capitalize on its rich mineral resources Amid the global push for green energy solutions, Nigeria’s reserves of critical minerals such as lithium, manganese and nickel are in high demand, prompting the government to release a series of initiatives that will fast-track foreign direct investment into the sector. On February 8, the Africa Finance Corporation (AFC), a pan-African multilateral development financial institution, established a partnership with the Nigerian mining sovereign wealth fund, Solid Minerals Development Fund (SMDF). The partnership aims to accelerate commercial scale, private sector-led mining projects by providing… Read More Here

Battery Metals Cobalt Copper

Africa’s Mineral Resources Targeted to Power Biden’s Green Energy Transition

February 22, 2023February 22, 2023 Constance

The United States’ domestic sources of minerals critical to the production of electric vehicles and green energy technologies may be restricted due to the Biden Administration’s reluctance to open mining opportunities. Africa is emerging as an alternative to China as a source of the minerals needed for electric vehicles and wind and solar technologies. The Biden administration opened the door to financing cobalt mining projects in the Democratic Republic of Congo and Zambia last year to meet the objectives of his climate agenda. African countries such as Zimbabwe and Namibia… Read More Here

Battery Metals Mining in DRC

DRC Establishes Congolese Council for Battery in the Race for Clean Energy Production

February 22, 2023February 22, 2023 Constance

The draft decree establishing the creation, organization, and functioning of the Congolese Council for Battery (CCB) was adopted during the 71st meeting of the Council of Ministers The Congolese Council for Battery has its new Board of Directors. Félix Tshisekedi appointed Gérôme Mungomba as the Chairman of the Board of this new strategic institution in a presidential decree. The Congolese Council for Battery provides the technical elements necessary to the government to ensure the supply chain of minerals that go into the production of batteries. ”The Congolese Council for Battery… Read More Here

Battery Metals International

Ghana to Enter Electric Vehicle Market through $30 Million Deal with Atlantic Lithium

February 22, 2023February 22, 2023 Constance

Ghana’s state-owned Minerals Income Investment Fund (MIIF) is negotiating a $30 million investment in Atlantic Lithium (A11.AX), which is constructing a lithium mine in the West African country. Lithium, a critical component in batteries used in electric cars, is in great demand, and prices have skyrocketed, sparking interest in projects around Africa. The MIIF announced plans to acquire an equity share in Atlantic Lithium, which has consented to float on the Ghana Stock Exchange. The fund did not specify the size of the stake it was considering purchasing. Atlantic Lithium… Read More Here

Mining in DRC Battery Metals

Tshisekedi Appoints Management for DRC Battery Council and Treasury

February 21, 2023February 21, 2023 Constance

The President of the Democratic Republic of Congo Félix Tshisekedi is pursuing the appointments of leaders from portfolio companies and public establishments. This time, it is the Congoles Council of the Battery and the Directorate General of the Treasury of accounts which were concerned. DIRECTORATE GENERAL OF THE TREAsURY AND PUBLIC ACCOUNTING MAKETA LUTETE THOMAS: CEO 2.MAABE MWANOMI SERGE: DGA in charge of technical issues and reforms 3.KINDUELO LUMBU KIPAMBE Lyvie: DGA in charge of administrative and financial matters. II CONGOLESE BATTERY COUNCIL . Mr. MAKIMBA MUNGOMBA GERÔME: PCA MR… Read More Here