Lithium - Copperbelt Katanga Mining

DRC Minister of Mines signs the exploitation permit in favor of AVZ Minerals, What next? 1

The Minister of Mines of the Democratic Republic of Congo (DRC), Antoinette N’Samba Kalambayi, has signed an order granting an exploitation permit to the mining company AVZ Minerals for its Manono lithium project. The announcement was made by the Australian mining operator on Wednesday May 4, 2022. With the signing of this decree, he thinks, AVZ Minerals is thus entering a decisive turning point for its plans to materialize this flagship asset, the Manono lithium project. Once the document from the Minister of Mines has been obtained, AVZ Minerals is… Read More Here

Battery Metals International Lithium

Good times are ahead for lithium miners as prices continue to surge

May 5, 2022May 5, 2022 Janet

Good times are ahead for producers of lithium, the battery material that’s key to the electrification of transportation. Albemarle Corp., the world’s No. 1 miner of the silvery, white metal, boosted profit forecasts for the year as lithium prices soar due to demand from electric vehicles. The third biggest miner, Livent Corp., did the same. The popularity of electric vehicles has driven prices for battery metals sharply higher, even sparking fears of shortages of materials like lithium, cobalt and nickel. Lithium supplies are a concern in particular because there’s no… Read More Here

Battery Metals Lithium Mining in DRC Tin

AVZ Minerals scores long-awaited Manono Project license

May 4, 2022May 9, 2022 Janet

AVZ Minerals Limited (ASX: AVZ, OTCQX: AZZVF) (AVZ or Company) is pleased to announce that the Minister of Mines has issued the Ministerial Decree to award the Permit d’Exploitation (PE or Mining Licence) for its flagship Manono Lithium and Tin Project (Manono Project). Dathcom Mining SA is 75% owned by AVZ International Pty Ltd, a wholly owned subsidiary of AVZMinerals Limited.Award of the Mining LicenceThe signing of the Ministerial Decree to award the Mining Licence to Dathcom Mining SA (Dathcom), in which AVZ holds a 75% interest via its wholly… Read More Here

Battery Metals Lithium

Musk appeals for more lithium production to meet battery demand

April 21, 2022April 21, 2022 Janet

Tesla Inc. Chief Executive Officer Elon Musk made a public appeal for more investment in lithium mining to close what he sees as a yawning gap between supply and demand that’s being fueled by the adoption of electric vehicles. Battery production, and more specifically lithium, is the “fundamental limiting factor” for electric-vehicle adoption worldwide, Musk said on an earnings call with investors Wednesday. “We think we’re going to need to help the industry on this front,” Musk said. “I’d certainly encourage entrepreneurs out there who are looking for opportunities to… Read More Here

Battery Metals Cobalt Lithium Mining in DRC

Financing of Electric Battery Project -DRC

April 20, 2022April 21, 2022 Janet

Antoinette N’SAMBA KALAMBAYI is expected today Wednesday in Haut Katanga. The Head of State will launch the Center of Excellence specialized in training and research in battery chemistry and technology. Indeed, the Democratic Republic of Congo (DRC) aims to become a world leader in the production of electric car batteries, this is what emerged from the statement made by Congolese officials at the opening of the “DRC AFRICA BUSINESS FORUM ” forum organized last year in Kinshasa. The Congolese authorities have, on occasion, highlighted the large deposits of lithium and… Read More Here

Battery Metals International Lithium

Tesla may start mining lithium as Musk cites battery metal cost

April 12, 2022April 12, 2022 Janet

Nearly two years after Tesla Inc. outlined a plan to dig for lithium, its chief Elon Musk signaled that the electric car giant might start doing so, due to skyrocketing cost of the metal key to battery technology. Price of lithium has gone to insane levels! Tesla might actually have to get into the mining & refining directly at scale, unless costs improve. There is no shortage of the element itself, as lithium is almost everywhere on Earth, but pace of extraction/refinement is slow.— Elon Musk (@elonmusk) April 8, 2022 Lithium has joined… Read More Here

Battery Metals Lithium Mining in DRC Tin

DRC: AVZ Minerals raises USD 17.8 million for the expansion of its Manono Lithium and Tin project

March 11, 2022March 11, 2022 Janet

AVZ Minerals said it has secured funding of around US$17.8 million to accelerate work on its Manono Lithium and Tin project in the province of Haut-Katanga in the Democratic Republic of Congo (DRC). According to AVZ Minerals, these funds raised will finance the initial construction of the mine and the continuation of the exploration program at Manono. Of the total expenditures to be incurred during the current fiscal year, AVZ Manono expects an envelope of approximately 13.5 million USD for the upgrading of existing roads and bridges to help transport… Read More Here

International Lithium

Prospect attributes Zimbabwe lithium exploration success to Mnangagwa’s governance

March 1, 2022March 1, 2022 Janet

ASX-listed battery metals project developer Prospect Resources attributes its current success, especially in Zimbabwe, to a “resurgence” of that country’s governance and “open for business” mining sector, says MD Sam Hosack. In Zimbabwe, Prospect – through its 100%-owned subsidiary Prospect Lithium Zimbabwe – has developed its Arcadia lithium project, which is an openpit mine with a life of 15.5 years, with proven reserves of 11.3-million tonnes at an average grade of 1.28% lithium oxide and probable reserves of 26.1-million tonnes at 1.2% lithium oxide. Arcadia is an undeveloped mine for which Prospect has a mining resource, comprising predominantly battery minerals –… Read More Here

Mining in DRC Lithium Tin

AVZ Minerals completes US$240 million cornerstone investment

February 16, 2022February 16, 2022 Janet

ASX-listed AVZ Minerals on Wednesday reached an agreement with private investment firm Suzhou CATH Energy Technologies over a $240-million investment into the Manono lithium and tin project, in the Democratic Republic of the Congo (DRC). The two companies in September last year struck a deal under which CATH will earn a 24% equity interest in a multi-faceted joint venture to develop the Manono project for a $240-million cash payment, and a further amount to fund its pro-rata portion of funding to develop the project. AVZ Minerals said on Wednesday that the parties have now agreed to… Read More Here

Battery Metals Lithium

Lithium battery manufacturers race to develop low-emission heavy equipment for mining

February 15, 2022February 15, 2022 Janet

The mining industry globally is expanding, which makes getting to net zero emissions in the next decade unlikely at best. But one small company in Newcastle is hoping to make a difference by developing big battery systems for heavy equipment. Heavy vehicle battery manufacturer 3ME says the appetite for a low-emissions mining industry is high. The fledgling company, which started with just three staff in 2018 and has 55 today, is looking to grow with recent investments and federal grants combining to nearly $25 million. The company produces a lithium-ion battery system, made up of a series of… Read More Here