Lithium - Copperbelt Katanga Mining

African Energy Metals announces the acquisition of a 170 m2 mining concession in Manono in DRC 1

The mining company African Energy Metals (AEM) active exclusively in the Democratic Republic of Congo (DRC) in the exploration of metals, announced on July 5, 2022, the acquisition of a mining concession of 170 km² in the region of Manono, in an area contiguous to another exploration permit of 30 km² belonging to it in the same locality. The new acquisition has “strong potential for lithium, tin, tantalum and rare earths”. According to inside sources, the transaction is subject to a 60-day due diligence as well as obtaining regulatory approvals.… Read More Here

Lithium

Huayou to explore Zimbabwe lithium plant ‘when conditions are right’

June 30, 2022June 30, 2022 Janet

Huayou Cobalt on Thursday said it could not immediately commit to producing battery-grade lithium in Zimbabwe after the country’s competition authority made that a condition of its takeover of a lithium mine. China’s biggest cobalt refiner acquired the hard-rock Arcadia lithium mine, just outside the capital Harare, for $422 million earlier this year and has announced plans to invest $300 million in its development. But Zimbabwe’s Competition and Tariff Commission said in a June 22 notice that the deal was approved subject to Huayou undertaking to produce battery-grade lithium in Zimbabwe… Read More Here

Lithium

China’s Huayou faces clash with regulator over Zimbabwe lithium project

June 28, 2022June 28, 2022 Janet

China’s Zhejiang Huayou Cobalt faces regulatory pressure to produce battery-grade lithium in Zimbabwe within five years, official documents seen by Reuters show, something the miner has already said cannot be achieved. China’s biggest cobalt refiner acquired the hard-rock Arcadia lithium mine just outside Harare for $422-million earlier this year and has announced plans to spend $300-million. But it has said production of battery-grade lithium in Zimbabwe is “not feasible” due to a shortage of electricity and other key inputs. However, as a condition for approving the deal the Competition and… Read More Here

Lithium

Sinomine invests $200m in Zimbabwe lithium project

June 20, 2022June 20, 2022 Janet

China’s Sinomine Resource Group on Friday launched a $200 million project to build a plant and expand existing mining operations at its recently acquired Bikita lithium mine in Zimbabwe. The southern African country holds some of the world’s largest deposits of lithium, a key battery mineral, and hopes for an economic boost from a global drive towards clean energy. Zimbabwe’s President Emmerson Mnangagwa, who officiated at Sinomine’s launch event at Bikita Minerals, 325 kilometres south of the capital Harare, said the investment positions the country as a major player in… Read More Here

Mining in Zambia Lithium New Mining Projects Rare Earth Minerals

All Star completes due diligence on South African, Zambian projects

June 14, 2022June 20, 2022 Janet

AQSE-listed mining investing company All Star Minerals has announced the successful completion of its due diligence over the Blesberg lithium and tantalum project in South Africa and the Nkombwa Hill tantalum, rare earth elements and phosphate project in Zambia. This followed All Star’s announcement on April 21 that it had entered into a heads of agreement (HoA) with mining investment firm Gathoni Muchai Investments. The due diligence process included site visits, analyses of the technical aspects of the underlying deposits and their Joint Ore Reserves Committee- (Jorc-) and South African Code for the Reporting of Exploration Results, Mineral Resources and Mineral Reserves- (Samrec-) compliant resources,… Read More Here

Battery Metals Lithium Mining in DRC

Electric battery industry to generate about 168 billion USD by 2030

May 30, 2022May 30, 2022 Janet1 Comment

In a report released a few hours ago, Global Data reports that battery industry revenue is expected to exceed US$168 billion by 2030, registering a compound annual growth rate (CAGR) by 14%. The report states that the market will be driven up by sales of lithium-ion batteries. According to Global Data analyst Michael Orme, it is the Chinese battery manufacturer CATL that today symbolizes this dominance. “ CATL rose from almost nothing five years ago to capture more than 30% of the global market, which is twice the share of the… Read More Here

Cobalt Lithium

China’s Huayou Cobalt to invest $300m in Zimbabwe lithium mine

May 24, 2022May 24, 2022 Janet

China’s Zhejiang Huayou Cobalt plans to invest $300-million on rapid development of a lithium mine and processing plant at its newly acquired Arcadia project in Zimbabwe, according to company documents seen by Reuters on Tuesday. Huayou, one of the world’s biggest producers of cobalt, recently completed a $422-million purchase of the hard-rock lithium mine just outside Harare from Australia-listed Prospect Resources PSC.AX and other Zimbabwean minorities. “We intend to develop the project rapidly over the next year and invest around $300-million to develop the mine and construct a process plant with a capacity… Read More Here

Battery Metals International Lithium

6.6 million electric cars sold in 2021, tensions over raw materials are the risk factors for this sector

May 24, 2022May 24, 2022 Janet

Despite its undeniable rise in the automotive market in recent years, the electric car automotive industry will face several risks related to the supply of raw materials. According to a report by the International Energy Agency (IEA), lithium needs are particularly critical. They are expected to increase sixfold by 2030, to 500 kilotonnes, requiring the opening of 50 new mines. These minerals are extracted mainly in countries such as Australia, Chile or the Democratic Republic of Congo, considered as the new destination for this market. But China produces three-quarters of lithium-ion… Read More Here

Mining in DRC Battery Metals International Lithium

Chinese, Australian investors battle for largest lithium deposit

May 24, 2022May 26, 2022 Janet

Australia’s AVZ Minerals Ltd. is battling to retain control of what is potentially the world’s largest untapped lithium deposit amid ownership claims from Chinese investors, according to Boatman Capital. AVZ’s interest in the Manono lithium project in the Democratic Republic of Congo could fall to 36% from 75%, London-based short-seller Boatman said in a research report on Friday. That may follow its planned sale of a 24% stake this month and a flurry of lawsuits from companies, including Zijin Mining Group Co., claiming ownership, documents published by Boatman show. “At best,… Read More Here

Battery Metals International Lithium

Battery boom pulls trading giant Trafigura into lithium business

May 17, 2022May 17, 2022 Janet1 Comment

Trafigura Group said its plan to invest in a new UK lithium refinery will mark the start of the trading giant’s foray into buying and selling the crucial battery metal. Last week’s agreement to back the plant being developed by startup Green Lithium brings the world’s top independent commodities trader into a market struggling to create enough new supply to meet demand for electric vehicles. The deal is part of Trafigura’s plan to grow a lithium trading book and link global car and battery companies to mines, its nickel and… Read More Here