International - Copperbelt Katanga Mining

Barrick’s Merger with Nevada Gold Mines Mission accomplished

January 7, 2023January 9, 2023 arnbethnic

The successful merger of two different sets of assets, systems, people and practices into the fully integrated Nevada Gold Mines (NGM) has been a classic case of the whole exceeding the sum of its parts, says Mark Bristow. Bristow, the chairman of NGM and president and CEO of majority-owner Barrick, says the combination of Barrick’s Nevada assets’ reserves and grades with Newmont’s infrastructure has delivered industry-leading growth and performance. In the three years since the establishment of the joint venture, it has produced 10 million ounces of gold (on a… Read More Here

International Battery Metals

India Identifies two Lithium and one Copper mine in Argentina for a Possible Acquisition

January 7, 2023January 9, 2023 arnbethnic

The Indian government has proclaimed that they have identified two lithium mines and one copper mine in Argentina and they are moving forward to acquiring it or taking long term lease. The government of India said that they had sent a team of geologists to Argentina to assess and find potential lithium deposits in the month of November 2022. They have been able to identify a possible source of lithium and copper deposits in the south American country.A Very Significant Achievement:Khanij Bidesh India Ltd. (Kabil) will have ownership or leasing… Read More Here

International Governance

Talks stagnate between First Quantum and Panama over tax credits and legal rights, sources say

January 7, 2023January 7, 2023 arnbethnic

Talks between Canadian copper miner First Quantum Minerals Ltd. and the government of Panama have stagnated once again, with both parties in a logjam over tax credits and legal rights. Two sources familiar with the talks said the main points of contention have to do with a tax credit on ore depletion, and another credit related to the massive capital investment already made by First Quantum in Panama. The Vancouver-based miner spent US$6.8-billion building the Cobre Panama mine, which started production in 2019. Other sticking points relate to First Quantum’s… Read More Here

Battery Metals International

Tesla Faces Higher Lithium Prices As Supplier Amends Deal

January 6, 2023January 6, 2023 Constance

Tesla Inc. is set to pay more for the lithium that powers its electric vehicles after a supplier amended their deal amid a relentless price rally of the metal. Piedmont Lithium will now supply an increased 125,000 metric tons of lithium concentrate to the EV giant starting in the second half of this year through the end of 2025, according to a statement Tuesday. Unlike prior agreements where prices are locked in, Piedmont’s deal with Tesla relies on a floating mechanism based on market prices, according to the statement. The… Read More Here

International

Global Coal Consumption Rises To All-time High Amidst Energy Crisis

January 6, 2023January 6, 2023 Constance

Even though global coal demand is set to increase only marginally this year, it is enough to push it to an all-time high, amidst the global energy crises, says the International Energy Agency (IEA). The IEA’s latest Coal 2022 report forecasts that the world’s coal consumption will remain at similar levels in the next few years in the absence of strong efforts to accelerate the transition to clean energy use. The use of coal around the world is set to rise by 1.2% in 2022, surpassing 8 billion tonnes in… Read More Here

Electricity International

EDM Plans To Increase Electricity Exports To SADC Countries

January 5, 2023January 5, 2023 Constance

Energy exports from Mozambique to other Southern African Development Community (SADC) countries could increase this year, strengthening Mozambique’s position as an important regional electricity provider. Speaking to journalists a few days ago, Electrcidade de Moçambique (EDM) chairman Marcelino Gildo Alberto revealed that energy exports to the region currently represent 22% of EDM’s annual revenues. “The Southern African region is in crisis. South Africa is short of power, Zimbabwe the same, Zambia too, and recently we learned that Tanzania is starting to have problems. So, we are going to take advantage (of… Read More Here

Battery Metals International

Lithium Miner Sees 25% Price Drop In Boon For Electric Vehicles

January 5, 2023January 5, 2023 Constance

Lithium is going to get less expensive in 2023, according to a Chinese supplier of the battery metal, potentially offering some relief to electric-vehicle makers squeezed by soaring costs. Prices have already softened after a spectacular two-year rally labeled “insane” by Elon Musk and “unreasonable” by China’s BYD Co. The cool-off is poised to continue as more supply emerges to trim abnormally high margins for lithium producers, Wang Pingwei, chairman of Sinomine Resource Group Co. said in an interview on Tuesday. “We believe the gradual, downward trend for lithium will… Read More Here

International

Elaliite and Elkinstantonite, two unknown minerals, extracted from a Somali meteorite sample

January 5, 2023January 5, 2023 Copperbelt Katanga News

The number of mineral species continues to increase with the improvement of analytical techniques. In 2022, the International Mineralogy Association recognizes 5,863 mineral species. They are classified mainly according to chemical and crystallographic criteria. According to mining.com, a team of researchers recently discovered at least two minerals never seen before on earth in a 15-tonne meteorite found in Somalia – the ninth largest meteorite ever discovered. Both minerals, with a third potential mineral under investigation, came from a single 70-gram piece sent to the University of Alberta for classification. “Any time you… Read More Here

Mining Companies International

Ivanhoe Mines’ Robert Friedland & Marna Cloete to Present at the Future Minerals Forum in Saudi Arabia, January 11-12,2023.

January 4, 2023January 9, 2023 Constance

Ivanhoe Mines announced on 03.01.2023 that Executive Co-Chairman Robert Friedland and President Marna Cloete will both be presenting at the Future Minerals Forum at the King Abdulaziz International Conference Centre in Riyadh, Saudi Arabia, which will take place on January 11-12, 2023. The 2023 Future Minerals Forum offers an opportunity for attendees to participate in the discussions around financing a modern and responsible mining industry in new and emerging mining hubs such as Saudi Arabia. It also enables an opportunity to explore the latest thinking, advances in technology and equipment… Read More Here

Battery Metals International

A New Partnership Will Improve Battery Recycling In South Africa

January 4, 2023January 4, 2023 Constance

A business in the United States and a South African investment business have signed a term sheet to form a joint venture to build and operate two environmentally sustainable battery recycling facilities in South Africa. Through the joint venture, the companies aim to bring radical change to the management of South Africa’s battery waste. The partners are Tabono Investments, a leading investment company in Africa with experience in mining, logistics and recycling and ACE Green Recycling, an innovative recycling platform for battery materials. “Green energy is on the rise in South Africa,”… Read More Here