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Category: Lithium

Ghana's Lithium Project Faces Delays Amid Falling Global Prices 1 International Lithium 

Ghana’s Lithium Project Faces Delays Amid Falling Global Prices

Constance
Ghana is concerned that a slump in global lithium prices could jeopardize its first lithium mining project in Ewoyaa, according to the head of the country’s mining sector regulator. In October 2023, Ghana, a West African nation known for its gold and cocoa production, granted a 15-year lease to Australian mining company Atlantic Lithium to establish its first lithium mine by the fourth quarter of 2024. However, recent developments have raised concerns about the project’s future. The company received environmental approval for the project last Thursday, but delays in parliamentary… Read More Here
WTO Chief Advocates Local Processing of Mining Products to Boost Africa’s Economic Value 2 Lithium Battery Metals Cobalt Mining in Zambia 

WTO Chief Advocates Local Processing of Mining Products to Boost Africa’s Economic Value

Constance
On Tuesday, September 12, 2024, World Trade Organization (WTO) Director-General Ngozi Okonjo-Iweala urged Africa to process its strategic mining products locally instead of exporting them raw. In a media briefing, she emphasized the need for an integrated approach to develop full value chains on the continent, particularly in resource-rich countries like the DRC. “Why continue to export raw materials?” Okonjo-Iweala questioned. “We should process these critical minerals locally, in partnership with neighboring countries such as Zambia, to create jobs and increase value addition in the region.” She highlighted Africa’s potential… Read More Here
Namibia Tightens Mining License Approvals Amid Underperformance 3 International Lithium Uranium 

Namibia Tightens Mining License Approvals Amid Underperformance

Constance
Namibia has announced that less than half of its approved mining projects are currently operational, leading the government to adopt a stricter approach to issuing permits. Of the 162 mining licenses approved by the country, only 68 are active, according to Mines and Energy Minister Tom Alweendo, who spoke at a conference in Windhoek on Wednesday. As the world’s third-largest uranium producer and a nation rich in lithium and rare earth minerals like dysprosium and terbium, Namibia is seeking to better manage its resources to benefit its citizens. The government… Read More Here
Maamba Collieries Granted Lithium & Tantalum Exploration Licenses in Southern Zambia 4 Mining in Zambia Battery Metals Exploration Lithium New Mining Projects 

Maamba Collieries Granted Lithium & Tantalum Exploration Licenses in Southern Zambia

Constance
08th July 2024, Lusaka, Zambia: ZCCM Investments Holdings Plc (ZCCM-IH) has announced that its investee company, Maamba Collieries Limited (MCL), in which it has a shareholding of 35%, has been issued two Large Scale Exploration Licenses for Lithium and other minerals (amethyst, aquamarine, tantalum and tin) in the Southern Province of Zambia. MCL intends to commence exploration as soon as possible to ascertain the presence of these minerals in these licence areas. The licenses are valid for a period of four years during which period MCL plans to carry out… Read More Here
AJN Resources Inc Initiates Lithium Exploration in DRC's Manono Nord-est Project 5 Mining in DRC Battery Metals Lithium New Mining Projects 

AJN Resources Inc Initiates Lithium Exploration in DRC’s Manono Nord-est Project

Constance
On Friday, May 31, 2024, Canadian junior exploration company, AJN Resources Inc, announced the commencement of lithium exploration on its Manono Nord-est project in the Democratic Republic of Congo (DRC). The project is located in the Tanganyika province under permit PR15282. A South African drilling company has been engaged to closely monitor the percussion drilling program and analyze drilling data. The program has already identified three zones of alluvial sediments adjacent to granite contact zones. These targeted areas span approximately 7 kilometers within the permit area, as illustrated in Figure… Read More Here
Delays and Controversy Cloud Manono Lithium Mining Project in DRC 6 Mining in DRC Battery Metals Lithium 

Delays and Controversy Cloud Manono Lithium Mining Project in DRC

Constance
Announced at the start of 2023, the lithium mining project in Manono, Tanganyika province, remains stalled. Despite high hopes for transforming the Greater Katanga region, the project has yet to launch. The Democratic Republic of Congo (DRC), which previously mined tin in the area, now faces questions about why this promising project is delayed. Manono, located in the southeastern DRC, holds the world’s largest lithium reserve. With an estimated 100,000 internally displaced persons (IDPs), the region’s natural resources have attracted global attention, especially with the discovery of lithium. The demand… Read More Here
Zimbabwe lithium miners table refinery plans under govt pressure 7 International Battery Metals Lithium 

Zimbabwe lithium miners table refinery plans under govt pressure

Constance
Four lithium mining companies have tabled plans to produce battery-grade lithium in Zimbabwe, a government official said on Monday. Zimbabwe, Africa’s top producer of lithium, which is used in electric vehicle batteries and to store renewable energy, is prodding miners to refine the mineral locally as it hopes to boost its economy. Currently, Chinese lithium miners, who dominate the sector in Zimbabwe, only produce lithium concentrates which they ship to China for further processing. Last November, Zimbabwe’s finance minister Mthuli Ncube said the government had given miners up to March… Read More Here
Zijin Mining to Boost Copper Production with Focus on DRC Expansion 8 Mining in DRC Cobalt Copper Lithium 

Zijin Mining to Boost Copper Production with Focus on DRC Expansion

Constance
Zijin Mining Group, China’s leading copper producer, has announced plans to significantly increase its production targets in response to anticipated continued rises in copper prices driven by persistent supply shortages. This strategic move will accelerate the development of its mines in the Democratic Republic of Congo (DRC), according to sources. Zijin Mining aims to increase its copper production to 1.22 million tonnes by 2025, which is a 4% rise from its previous forecast. By 2028, the company targets an ambitious production range of 1.5 to 1.6 million tonnes, marking a… Read More Here
Nickel International Battery Metals Cobalt Lithium Nickel 

Critical Minerals Market Value Projected to Soar to $770 Billion by 2040

Constance
The market value of critical minerals is projected to rise from its current $325 billion to $770 billion by 2040 under the Net Zero Emission (NZE) scenario, which aims for carbon neutrality by 2050. This projection is part of the “Global Critical Minerals Outlook 2024,” a study released by the International Energy Agency (IEA) on May 17, 2024. The report attributes the expected increase in market value to the surging global demand for minerals essential for the energy transition, including lithium, cobalt, copper, nickel, and rare earth elements. This demand… Read More Here
CNPAV Urges Probe into Cominière's Handling of Manono Lithium Deposit 9 Mining in DRC Battery Metals Lithium 

CNPAV Urges Probe into Cominière’s Handling of Manono Lithium Deposit

Constance
In a press release issued on Friday, May 10, the Congo Is Not for Sale (CNPAV) coalition demanded an official investigation into the management of the Kitotolo-Manono lithium deposit by Cominière, a state-owned mining company in the Democratic Republic of Congo (DRC). The CNPAV alleges that Cominière received $70 million from Zijin Mining, a Chinese company headed by Jean David E’ngazi, who also sits on the board of directors of Cominière. The “donation,” as termed by CNPAV, was part of a joint venture agreement for the exploitation of the Kitotolo-Manono… Read More Here

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