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Category: International

Ecuador Says Mining Could Become Third-Biggest Export By 2025 1 International Copper 

Ecuador Says Mining Could Become Third-Biggest Export By 2025

Constance
Ecuador expects to generate over $4 billion in annual mining exports by 2025, its mines and energy ministry said on Friday, estimating the industry could become the South American nation’s third best-selling sector for shipments abroad. Despite its abundant mineral reserves, Ecuador has lagged behind other Andean countries such as Peru and Chile in developing large-scale mining due to opposition from indigenous communities and adverse court rulings. Vice minister Alvaro Ordonez said in a statement that following this year’s growth that by 2025 mining exports could make up 15% of… Read More Here
Copper Price Rises On Hopes For Better Demand In 2023 2 International Copper 

Copper Price Rises On Hopes For Better Demand In 2023

Constance
The copper price rose on Friday as low inventories and hopes for economic recovery next year offset a slackening in near-term demand in China caused by a surge in covid-19 cases. Copper for delivery in March rose 1.6% on the Come The copper price rose on Friday as low inventories and hopes for economic recovery next year offset a slackening in near-term demand in China caused by a surge in covid-19 cases. Copper for delivery in March rose 1.6% on the Comex market in New York, touching $3.81 per pound… Read More Here
California Congressman Perfectly Sums Up What Is Wrong With US Mining Policy 3 International Copper 

California Congressman Perfectly Sums Up What Is Wrong With US Mining Policy

Constance
With ample reserves, the US has a number of uncommitted mining projects that would support climate change targets and the Biden administration’s lofty green energy transition and electric vehicle ambitions under the Inflation Reduction Act (IRA).   A top contender is the Resolution project in Arizona, near the town of Superior in the area known as the Copper Triangle, where mining activity dates back to the 1870s.  The deposit was discovered in 1995 and contained copper tops 10 million tonnes worth nearly $90 billion at today’s prices. The sixth-largest measured copper orebody in the world,… Read More Here
Premium Nickel Aims To Re-open Selebi Mine In Botswana 4 Copper Battery Metals International 

Premium Nickel Aims To Re-open Selebi Mine In Botswana

Constance
Premium Nickel Resources says drill results at its Selebi nickel-copper-cobalt project in Botswana advance the concept that two past-producing deposits there are connected at depth. The Toronto-based company acquired the project, 400 km north of the capital of Gaborone, in January and is aiming to find links between the Selebi north and south deposits, which are separated by about 3 km, the company said in a news release on Thursday Highlights are diamond drill hole SMD-22-006a-W2, which cut 9.8 metres from 1,581.5 metres down hole grading 0.97% nickel, 1.74% copper… Read More Here
Ionosphere Begins Lithium Concentrates Production-Zimbabwe 5 Battery Metals International 

Ionosphere Begins Lithium Concentrates Production-Zimbabwe

Constance
Ionosphere Investments has begun Lithium concentrates production at its factory in Harare Bluff hill, Managing Director Mr Nyasha Chidol has announced. The company aims to have a product ready for shipping by February 2023 and its targeted annual output is 36,000 tonnes of lithium concentrates. Chidol revealed plans to almost double Ionosphere’s targeted annual output to about 70 000 tonnes of Lithium concentrates and this would place the company among the country’s top four producers. ”We see all the demand is there-significantly unmet demand-for battery grade lithium in the next… Read More Here
Zimbabwe Blocks Diamond, Copper, Lithium Nickel & Rem Applications 6 Copper Battery Metals International 

Zimbabwe Blocks Diamond, Copper, Lithium Nickel & Rem Applications

Constance
Zimbabwe has blocked Diamond, Copper, Lithium, Nickel & Rare Earth Mineral applications citing dishonesty by miners in declaring the discovery of different minerals from the ones they are registered for, also the five have been deemed strategic in the upcoming mines and Minerals Amendment Bill. In a letter addressed to the ten provincial Mining Directors, the secretary for Mines and Mining Development Mr Pfungwa Kunaka said the non-declaration has led to prejudice to the growth of the mining sector economy as in some instances high-value minerals are involved. ”This non-declaration… Read More Here
Electra Battery Materials Launches Demonstration Plant In Temiskaming Shores 7 Battery Metals International 

Electra Battery Materials Launches Demonstration Plant In Temiskaming Shores

Constance
Electra Battery Materials has launched a demonstration plant designed to recover and recycle high-value elements found in lithium-ion batteries including nickel, cobalt, lithium, copper and graphite at its refinery complex north of Toronto. Electra claims it will process up to 75 tonnes of black mass material in batches mode using its proprietary hydrometallurgical process in the demonstration plant. Electra plans to complete the demonstration plant in early 2023, while providing regular updates. Pending the successful completion of the demonstration plant, Electra says it will assess whether to continue processing black… Read More Here
Panama & First Quantum Mull Fresh Talks On Copper Mine Next Week 8 Copper International Mining Companies 

Panama & First Quantum Mull Fresh Talks On Copper Mine Next Week

Constance
Panama’s government and First Quantum Minerals Ltd. are looking at the possibility of holding talks next week in a final effort to seek a tax agreement for a giant copper mine, according to people with knowledge of the situation. The two sides may sit down together as soon as Dec. 26, although a schedule for the talks hasn’t been confirmed, said the people, who asked not to be named because the matter is private. Another attempt to reach a deal would follow the government’s decision to begin the process of… Read More Here
Nigerian Professor Applauds Zimbabwe's Lithium Ban 9 Lithium International 

Nigerian Professor Applauds Zimbabwe’s Lithium Ban

Constance
Africa appears to be coming into its own as now, Zimbabwe has banned its export of Lithium needed for making batteries and electric cars, asking those who need them to move manufacturing to Zimbabwe. This comes after the release of Mali from the shackles of France and the refusal of Ghana and Ivory Coast to export raw cocoa. Finally, some African leaders are beginning to do the needful. Said Dr Henrietta Onwuebguzie ”It is my hope that the African Union, will support other countries to move in a similar direction.… Read More Here
Africa Could Make €1 Trillion Of Green Hydrogen A Year, EIB Says 10 Green Energy International 

Africa Could Make €1 Trillion Of Green Hydrogen A Year, EIB Says

Constance
Africa has the potential to produce €1 trillion ($1.06 trillion) worth of green hydrogen a year by 2035, allowing it to export the fuel and boost local industry, according to a study backed by the European Investment Bank.  By harnessing the world’s best solar energy resource a number of countries on the continent could produce the fuel, which is made by splitting water using renewable energy, at a cost of less than two euros a kilogram by 2030, the EIB and its partners, the African Union and the International Solar… Read More Here

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