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Category: International

First stone laid in Angola to commence the Tetelo Mine project 1 Copper Exploration Gold International New Mining Projects 

First stone laid in Angola to commence the Tetelo Mine project

Constance
Angola’s Minister of Mineral Resources, Oil and Gas, Diamantino Pedro Azevedo, officially laid the first stone for the construction of the Tetelo mine, for copper and gold exploration, in the town of Mavoio, municipality of Maquela do Zombo, in Uíge province on Thursday. The mine will be constructed in an area of 4 square kilometers over a period of 27 months, with a total cost of 205 million US dollars to the State. The first phase of production is expected to begin by the end of next year, with an… Read More Here
The current state of health and safety in South Africa’s mining industry 2 International Safety & Health 

The current state of health and safety in South Africa’s mining industry

Constance
The Minerals Council Facts & Figures 2022 pocketbook states there has been dramatic improvement in health and safety performance recorded during 2022 for the first time in its history, the South African mining industry has recorded less than 50 lives lost in a calendar year. The mining industry’s health and safety performance in 2022 showed a marked reduction to below 2019’s 51 lost lives, which was the lowest on record. Provisional statistics indicate that 49 employees lost their lives in 2022, compared to 74 in 2021. The 2022 safety performance… Read More Here
Sibanye-Stillwater Initiates Construction of Keliber Lithium Refinery 3 Lithium International 

Sibanye-Stillwater Initiates Construction of Keliber Lithium Refinery

Constance
Sibanye-Stillwater, a prominent mining company, has commenced the earthworks for the Keliber lithium refinery, symbolically laying the foundation stone on March 7, 2023. This milestone signifies the ceremonial launch of the Keliber lithium project, which aims to provide the first locally sourced lithium to power the European green energy ecosystem. The project’s strategic regional positioning, coupled with its robust environmental, social, and governance (ESG) credentials, is poised to deliver the most eco-friendly primary lithium to the expanding European battery market. An estimated €231 million of the projected total capital expenditure… Read More Here
Imren Battery Introduces EVE LF105 Lithium-Iron Phosphate (LFP) Prismatic Cells for Diverse Energy Storage 4 International 

Imren Battery Introduces EVE LF105 Lithium-Iron Phosphate (LFP) Prismatic Cells for Diverse Energy Storage

Constance
Imren Battery, a Chinese energy storage company, has recently introduced its latest innovation, the EVE LF105 lithium-iron phosphate (LFP) prismatic battery cells. These advanced cells have diverse applications, including electric vehicles (EVs), renewable energy storage, and various other uses. Imren Battery has unveiled the LF105 rechargeable battery cell, which is built upon the lithium-iron-phosphate (LFP) chemistry. With a nominal voltage of 3.2 V and a capacity of 105 Ah, this cell is highly versatile and suitable for a wide range of applications such as EVs, energy storage systems, and other… Read More Here
New Ontario gold mine nearing completion but sourcing workers a challenge 5 Gold International 

New Ontario gold mine nearing completion but sourcing workers a challenge

Constance
After years of planning and development, the end is in sight for the Magino gold project, which Toronto-listed Argonaut Gold is building near Dubreuilville, Ontario. The first gold pour at the mine is only weeks away and commercial production is targeted for the third quarter. “Major components critical to commissioning Magino’s mill are coming together as we prepare for first gold pour, which is now expected during the second half of May, which is marginally behind the May 15 target date,” said COO Marc Leduc on Friday 5th may. By March 31, Argonaut had incurred about $652-million of the $755-million (C$980-million) estimate at completion. Leduc… Read More Here
Startup unveils groundbreaking technique for revolutionary EV battery technology 6 International 

Startup unveils groundbreaking technique for revolutionary EV battery technology

Constance
In the latest development in printing technology, Sakuu, a startup from Silicon Valley, is 3D printing solid-state batteries. This is a very, very big deal.  In February, Sakuu announced that it had successfully and consistently produced full-functioning batteries in custom shapes and sizes using 3D printing. These batteries could be used in everything from smartphones to household appliances to e-bikes.  As it currently stands, lithium-ion batteries are considered king. They store large amounts of energy and recharge quickly, but they also come with safety concerns and a huge environmental impact. It takes an estimated 500,000 gallons of… Read More Here
British billionaire with James Bond link boosts Orion Minerals 7 Copper International 

British billionaire with James Bond link boosts Orion Minerals

Constance
There are plenty of reasons for investors to avoid Orion Minerals (ASX: ORN), a copper hopeful which has essentially gone nowhere over the past 10 years, and a few important reasons to take a closer look at a company showing signs of stirring. Negatives include its focus on assets in South Africa, a country struggling to escape its history, including a peculiar trait of designing complex financial structures which can be impenetrable to an outsider. Australians of certain age are likely to see Orion, which is listed in Australia and South… Read More Here
Demand for Electric vehicles is booming globally, says IEA 8 International 

Demand for Electric vehicles is booming globally, says IEA

Constance
In its latest report, the International Energy Agency projected that EV sales are expected to leap by 35% this year, to reach 14 million . In an online press briefing launching the Global EV Outlook 2023 report, IEA’s executive director Fatih Birol said, “Of all car sales worldwide in 2019, only 2% were EV sales. In 2023, this number will grow to 18%.” Most of these sales are driven by China, with 60% of global electric car sales taking place there in 2022, Birol said. China is followed closely by Europe and the USA respectively. Birol added… Read More Here
From World-Class Asset Base, Barrick Hunts New Opportunities 9 Gold International 

From World-Class Asset Base, Barrick Hunts New Opportunities

Constance
The completion of major processing plant maintenance at Nevada Gold Mines, the conversion of the Goldstrike autoclave to a carbon-in-leach process, a much-improved performance from Turquoise Ridge and the steady ramp-up of throughput at Pueblo Viejo’s expanded plant will boost production in the second half of the year and keep Barrick on track to achieve its 2023 guidance, the company said today. Reporting on the results for the first quarter, president and chief executive Mark Bristow said production, while lower than Q4 2022, was on plan, and free cash flow1 had… Read More Here
Uganda's gold industry loses $160M due to tax dispute 10 Gold International 

Uganda’s gold industry loses $160M due to tax dispute

Constance
According to a report by the Ugandan Parliamentary Committee on Finance, Planning, and Economic Development, Uganda has lost out on Ush600 billion ($160.77 million) in uncollected tax from the export of gold goods since July 2021 because of a dispute with exporters and refiners over levies. Ruth Nankabirwa, Uganda’s Minister for Energy and Mineral Development, however, blamed the loss on a dispute between the Uganda Revenue Authority and more than 20 gold exporters and refiners in her response to the report to the House on Tuesday 2nd May. “From the… Read More Here

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