Lithium - Copperbelt Katanga Mining

DRC: AVZ Minerals raises USD 17.8 million for the expansion of its Manono Lithium and Tin project 1

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 admin

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 admin

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 admin

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

Battery Metals International Lithium

Glencore to build UK battery recycling plant

February 4, 2022February 4, 2022 admin

Switzerland-based mining company Glencore has entered a joint venture with a Britain-based investor in battery cell technologies and research and development, Britishvolt, to build a battery recycling system in the UK, including a new plant. The agreement, according to Glencore, would develop a “world-leading ecosystem” for battery recycling in the UK. The plant would be located at the Britannia Refined Metals (BRM) operation in Northfleet. Once complete, the plant will be Glencore and Britishvolt’s first battery recycling facility in the UK, with an expected processing capacity of a minimum of… Read More Here

Cobalt Battery Metals Lithium Nickel

Glencore, Managem partner to recover cobalt, lithium, nickel from recycled batteries

January 26, 2022January 26, 2022 admin

Diversified miners Glencore and Managem have entered into a partnership to produce cobalt from recycled cobalt, nickel and lithium at Managem’s Compagnie de Tifnout Tiranimine (CTT) hydrometallurgical refinery in Morocco. Glencore and CTT intend to enter into a five-year tolling agreement for 1 200 t/y of recycled cobalt, as well as nickel hydroxide and lithium carbonate. The partnership forms part of Glencore and Managem’s commitments to support the electric vehicle industry in achieving its metals recycling targets. The partnership is conditional on a feasibility study to assess the commercial viability of… Read More Here

Mining in DRC Lithium

China’s Zijin Mining launches first lithium exploration project in DRC

January 24, 2022January 26, 2022 admin

China’s Zijin Mining Group Co. Ltd said on Monday it had officially launched its first lithium exploration project through a joint venture with Democratic Republic of Congo- (DRC-) owned firm Cominiere. The joint venture, called Katamba Mining, has secured mining rights to two greenfield exploration and mining projects at the periphery of the Manono lithium mine in the DRC, “in order to enhance Zijin’s competitiveness in new energy minerals,” the miner said in a statement. Manono lithium mine is controlled by Australia’s AVZ Minerals, and the mine’s reserves of lithium… Read More Here

International Lithium Mining technology

Sunresin’s Lithium Extraction Technology Opens a New Chapter in Southwest China

January 19, 2022January 19, 2022 admin

On January 10, Sunresin and Tibet Mineral Development Co.,Ltd signed a 10,000-ton lithium hydroxide contract featuring the Jiezechaka Salt Lake. According to the contract, Sunresin will undertake the construction of the 10,000-ton/year lithium hydroxide production line from salt brine, and provide operation management services for a period of 15 years, contributing to a total of 150,000 tons of standard lithium hydroxide to the market. The contract also includes the intention for Sunresin to provide services for the construction and operation management of the second phase of 20,000 tons and the… Read More Here

Battery Metals International Lithium

Supply squeeze risks are pushing lithium price higher and higher

January 12, 2022January 12, 2022 admin

Lithium has burst into 2022 with a fresh price spike that hands electric-vehicle makers more warning of even sharper cost pressures to come. Supplies of the mainstay battery material face a series of near-term risks that threaten deeper shortages just as demand accelerates with rising global EV adoption. An already-tight market is being roiled by everything from plant maintenance and Winter Olympics curbs in China, to pandemic-related labor shortages in Australia. That’s set to ratchet up the squeeze on EV manufacturers after a year that saw global lithium prices almost… Read More Here

Mining in DRC Lithium

DRC lithium sector faces potential supply chain risks – report

December 13, 2021January 5, 2022 admin

A new investigation into the Democratic Republic of Congo’s (DRC’s) nascent, but globally significant, lithium sector sounds the alarm on a swathe of potential supply chain risks, with Global Witness’ report raising key questions about how future production and its environmental impacts will be managed and who stands to benefit if the DRC’s lithium deposits are to meet the growing demand for minerals critical to renewable energy technologies. Set to start in 2023, the country’s lithium production is driven by richer nations’ efforts to decarbonise their economies, with global lithium… Read More Here