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Category: Battery Metals

Oyu Tolgoi begins Battery Electric journey with a Normet SmartDrive Utimec 1 Battery Metals International 

Oyu Tolgoi begins Battery Electric journey with a Normet SmartDrive Utimec

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

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
Battery metals projects catch eye of Pension funds and Carmakers 2 International Battery Metals Cobalt Copper Lithium Nickel 

Battery metals projects catch eye of Pension funds and Carmakers

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
PDAC 2023 Launches Amid Critical Minerals Scramble 3 Battery Metals Corporate News Events & Expos International 

PDAC 2023 Launches Amid Critical Minerals Scramble

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
China's CNR snatches up Williams Minerals Mine in Zimbabwe for US$1.75 billion 4 Battery Metals International Mergers & Acquisitions 

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

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
Mineral Commodity Prices Last Week 5 Mining in Zambia Battery Metals Coal Copper 

Mineral Commodity Prices Last Week

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
Lessons from Cobalt price Drop for Congo? 6 Mining in DRC Battery Metals Cobalt 

Lessons from Cobalt price Drop for Congo?

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
New Congolese Battery Council Animators Notified to Start Work 7 Battery Metals Mining in DRC 

New Congolese Battery Council Animators Notified to Start Work

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
Cobre Completes 100% Acquisition of Triprop Holdings 8 Copper Battery Metals International 

Cobre Completes 100% Acquisition of Triprop Holdings

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
Tesla & GM Join other Carmakers at Mining Events to Secure Battery Metals 9 Battery Metals International 

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

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

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