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Category: Battery Metals

Enterprise Mine in Zambia Targets 20,000 Tonnes of Nickel Production 1 Mining in Zambia Battery Metals Nickel 

Enterprise Mine in Zambia Targets 20,000 Tonnes of Nickel Production

Constance
Enterprise Mine, a nickel-producing operation managed by Trident Limited in Kalumbila District, Zambia’s North Western Province, is targeting a production of approximately 20,000 tonnes of nickel this year. According to Junior Keyser, Outgoing General Manager of Trident Limited, the mine is fully operational and currently employs around 750 contractors and 250 direct employees. Keyser notes that the enterprise is currently generating about 1,000 tonnes of final product nickel per month as production continues to increase at its plant. He emphasizes the mine’s intention to capitalize on the high demand for… Read More Here
Glencore banks on Anuri mine to extend life of Raglan nickel-copper project 2 International Battery Metals Copper Nickel 

Glencore banks on Anuri mine to extend life of Raglan nickel-copper project

Constance
Glencore (LSE: GLEN) has inaugurated the Anuri mine, which will lengthen the Raglan nickel-copper project’s life for at least 20 years. The company says this is undertaking highlights its ongoing commitment to the local communities in which it operates. The Raglan mine, located in northern Quebec, began operations in 1997. It was the first mining project to sign an impact and benefits agreement with the local Indigenous bands. The mine’s name Anuri, which means “wind” in Inuktitut, was chosen by a committee of Raglan employees. The mine is part of… Read More Here
Buenassa Secures $3.5M Grant for Sustainable Metal Refinery in DRC 3 Mining in DRC Battery Metals Cobalt Copper 

Buenassa Secures $3.5M Grant for Sustainable Metal Refinery in DRC

Constance
Buenassa, a pioneering company in the metal processing and trading sector, has reached a significant milestone with the award of a $3.5 million grant from the Democratic Republic of the Congo (DRC) Government through the Fonds de Promotion de l’Industrie (FPI). This grant marks the initial tranche of funding for Buenassa’s ambitious Project Preparation Facility, paving the way for an innovative copper and cobalt refinery project in the province of Lualaba. The venture represents not only a leap forward in industrial development but also a commitment to sustainable practices and… Read More Here
Rwanda and Rio Tinto Strike Lithium Deal Despite DRC's Reserves 4 Mining in DRC Battery Metals Lithium 

Rwanda and Rio Tinto Strike Lithium Deal Despite DRC’s Reserves

Constance
The Democratic Republic of Congo (DRC) ranks seventh among the 23 countries worldwide with proven lithium reserves, yet neighboring Rwanda, devoid of such reserves, has struck a deal with mining giant Rio Tinto for lithium exploration and exploitation. This move underscores a troubling trend of exploitation of Congo’s natural resources, exacerbated by the recent agreement between the European Union (EU) and Rwanda to develop value chains for critical raw materials, including those historically pillaged by armed groups linked to Rwanda. The urgency for Congo to safeguard its territory and resources… Read More Here
Gecamines Spearheads Efforts for Equity and Growth in the DRC's Mining Sector 5 Mining in DRC Battery Metals Cobalt Copper 

Gecamines Spearheads Efforts for Equity and Growth in the DRC’s Mining Sector

Constance
he Democratic Republic of Congo’s (DRC’s) state miner, Gecamines, is embarking on a comprehensive strategy to maximize returns from its copper and cobalt joint ventures. With a focus on renegotiating higher stakes and asserting greater influence in management, Gecamines aims to capitalize on the global demand for minerals crucial to the green energy transition. Gecamines, under the leadership of chairperson Guy Robert Lukama, is advocating for increased representation of local executives on joint venture boards to ensure more effective asset management and decision-making. Lukama emphasizes the need to rectify past… Read More Here
Canada to accelerate critical mineral mining – energy minister 6 International Battery Metals 

Canada to accelerate critical mineral mining – energy minister

Constance
Canada plans to boost its energy security by slashing the time it takes to develop new critical mineral mines by nearly a decade with improved permitting processes, energy minister Jonathan Wilkinson told Reuters on Tuesday. Ottawa is focused on six critical minerals key to making electric vehicles and wind turbines: lithium, graphite, nickel, cobalt, copper, and so-called rare earth elements. Wilkinson said the mining and processing of critical minerals was currently too dominated by China. “(We’re) looking at how do we optimize the regulatory and permanent processes so you can… Read More Here
Glencore Plans Closure or Sale of Unprofitable Nickel Mines in New Caledoni 7 International Battery Metals Lithium 

Glencore Plans Closure or Sale of Unprofitable Nickel Mines in New Caledoni

Constance
Glencore’s joint venture, Koniambo Nickel SAS (KNS), in New Caledonia, is set to transition into care and maintenance due to high operating costs and weak nickel market conditions, the company announced on Monday. Acquired as part of Glencore’s 2013 Xstrata transaction, KNS has struggled with profitability despite efforts by the French government to support the nickel industry in New Caledonia. Glencore expressed gratitude for the government’s initiatives but stated that KNS remained unsustainable, and funding further losses was not justifiable for its shareholders. The company plans to seek a new… Read More Here
Premier African Minerals Secures Funding for Zulu Lithium and Tantalum Project 8 International Battery Metals Lithium 

Premier African Minerals Secures Funding for Zulu Lithium and Tantalum Project

Constance
Aim-listed Premier African Minerals has announced plans to raise £2.48 million to advance its Zulu lithium and tantalum project. The funds will be utilized for direct operating expenses at Zulu, including final payments for equipment, mining costs, and day-to-day operations. CEO George Roach emphasized the importance of this funding, stating that it ensures the startup of plant operations at Zulu. The company remains focused on its objective and targets to commence production by next week, pending suppliers meeting their obligations. Premier has expanded its mining operations to optimize ore delivery… Read More Here
Africa Nears Milestone with First Cobalt Sulphate Refinery 9 Battery Metals Cobalt Mining in DRC Mining in Zambia 

Africa Nears Milestone with First Cobalt Sulphate Refinery

Constance
Africa is on the brink of achieving a significant milestone with plans for its inaugural cobalt sulphate refinery, poised to be operational by the end of 2025. This development, spearheaded by Nigeria-based Africa Finance Corp. (AFC) and backed by mining luminary Mick Davis’ Vision Blue, marks a crucial step in diversifying the global battery supply chain beyond China, a dominant player in cobalt refining. Last week, AFC signed an expression of interest to provide $100 million in financing to Kobaloni Energy for the construction of the refinery in Zambia. According… Read More Here
EGC and Gécamines Forge Exclusive Agreement for Cobalt Mining Rights 10 Mining in DRC Battery Metals Cobalt 

EGC and Gécamines Forge Exclusive Agreement for Cobalt Mining Rights

Constance
During the Mining Indaba event in Cape Town, South Africa, Entreprise Générale du Cobalt (EGC) and Gécamines announced an exclusive agreement granting mining rights for five squares to EGC. This deal empowers EGC to oversee artisanal cobalt mining fully. Established in 2019 as a Gécamines subsidiary, EGC monopolizes the purchase and sale of artisanal cobalt in the Democratic Republic of Congo. The recent agreement aims to normalize artisanal cobalt mining and promote local entrepreneurship, ensuring fair remuneration and better protections for workers. Gino Buhendwa Ntale, EGC’s Chairman, emphasized the importance… Read More Here

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