Lithium - Copperbelt Katanga Mining

AVZ Announces Quarterly Activates for the period ended 30 Sept 2021.

October 29, 2021October 29, 2021 admin

AVZ Minerals Limited (ASX: AVZ, “the Company”) presents its Quarterly Activities Report for the period ended 30 September 2021 and is pleased to provide the following commentary and update to shareholders.AVZ Managing Director, Mr. Nigel Ferguson said: “The cornerstone investor deal with CATH marked one of the most significant days in our Company’s short history and clearly indicated to the world how important our Manono Lithium and Tin Project is.”“AVZ is very excited to have someone of the calibre of Mr. Pei Zhenhua and Contemporary Amperex Technology Limited (“CATL”) as… Read More Here

Battery Metals Lithium Mining in DRC Tin

Manono Lithium and Tin Project Corporate Update

October 20, 2021October 20, 2021 admin

AVZ Minerals Limited (ASX: AVZ or “the Company”) is pleased to provide an operational update on the progress of various matters relating to its flagship Manono Lithium and Tin Project (“Manono Project”).Transaction Implementation Agreement (“TIA”) As previously announced on 27 September 2021, the Company has entered into a deal with CATH to develop the Manono Project.Proceeds from the transaction will fund a majority of project development capital. CATH has now paid the US$20 million break fee (held in an escrow account). The completion of the transaction is subject to the… Read More Here

Mining in DRC Battery Metals International Lithium

Chinese to plough US$400m into AVZ lithium project

September 30, 2021September 30, 2021 admin

AVZ Minerals has locked down US$400 million in funding, a new off-take partner and Chinese backers with very deep pockets and an intimate understanding of lithium battery manufacturing. It looks like it’s game on now for AVZ’s extraordinary Manono lithium project in the DRC after Suzhou CATH Energy Technologies, or “CATH” agreed to pick up 24 per cent of the project for US$240 million and also stump up its share of the project’s CAPEX. In total, the transaction will inject more than US$400 million into the project, which AVZ says… Read More Here

Battery Metals Lithium Mining in DRC

Expansion study at Manono starts

September 29, 2021September 29, 2021 admin

ASX-listed AVZ Minerals has started an expansion scenario study for its Manono lithium and tin project, in the Democratic Republic of Congo (DRC). The study will investigate an increase in throughput at Manono dense media separation (DMS) plant, up from the 4.5-million tonnes considered in the project’s definitive feasibility study. The expansion scenario was raised in the recent $400-million transaction with Chinese investment firm CATH Energy Technologies, under which CATH would earn a 24% interest in a multi-faceted joint venture (JV) to develop the Manono lithium and tin project. CATH… Read More Here

Battery Metals Lithium Mining in DRC New Mining Projects Tin

AVZ lands $240m for DRC lithium project

September 27, 2021September 27, 2021 admin

Shares in AVZ Minerals rose on Monday, as the ASX-listed company announced that it had secured $240-million from a Chinese investment entity to develop its lithium and tin project in the Democratic Republic of Congo (DRC). The developer announced that CATH Energy Technologies (CATH), a private investment entity jointly owned by Pei Zhenhua and Contemporary Amperex Technology Co Limited (CATL), would earn a 24% equity interest in a multi-faceted joint venture to develop the Manono lithium and tin project. CATH would pay $240-million cash for its 24% equity interest and a further amount to fund its pro-rata… Read More Here

Battery Metals Lithium

How lithium can be efficiently extracted from oil and gas wastewater

September 22, 2021September 22, 2021 admin

New research published in the journal Proceedings of the National Academies of Sciences proposes the idea of rapidly extracting lithium from contaminated water. The process described in the paper is expected to simplify lithium extraction from aqueous brines, potentially creating a much larger supply and reducing the costs of the element for batteries to power electric vehicles, electronics and a wide range of other devices. After describing that, at present, lithium is most commonly sourced from salt brines in South America using solar evaporation, a costly process that can take years and wastes much of the lithium along… Read More Here

Battery Metals Cobalt International Lithium

BMW orders up $24 billion of batteries as EV demand grows

September 7, 2021September 7, 2021 admin

BMW AG has boosted orders for battery cells to keep pace with accelerating demand for electric cars that made up more than 11% of deliveries during the half of the year. The German carmaker now has contracts for more than 20 billion euros ($23.8 billion) of batteries, up from 12 billion euros previously, Chief Executive Officer Oliver Zipse said in an interview. The cells are destined for i4 sedans, iX sport utility vehicles and other models BMW is producing through 2024. The company plans to start switching to a new… Read More Here

Battery Metals Lithium

Soaring EV demand keeps driving lithium price

September 2, 2021September 2, 2021 admin

A boom in demand for electric vehicles (EVs) as countries including China work to reduce carbon emissions keeps boosting the lithium price. The average price for lithium carbonate reached $16,500 a tonne in August (hydroxide ex-works China mid-August), according to Benchmark Mineral Intelligence, up from $6,124 a tonne last December. EV sales jumped in the first half of 2021, despite components shortage, pandemic-forced production interruptions, and longer-term weakness in the overall market, The Hindu reported. Nearly 2.6 million electric cars were sold, a 160% jump compared to H1 2020. EV sales in China… Read More Here

Battery Metals International Lithium

Tesla needs to perform delicate balancing act when it comes to lithium mining – expert

August 30, 2021August 30, 2021 admin

Tesla’s promise to slash battery costs by 50% has led the carmaker to dabble into a whole new field of making its own battery cells and, therefore, looking into manufacturing cathodes and extracting associated raw materials. But the risks linked to this new line of work mean that Tesla has to perform a delicate balancing act where it tends the increasing demand for electric vehicles and the fact that activists, car buyers, and investors want every step of the process of making an EV to be respectful towards the environment… Read More Here

Mining in DRC Battery Metals Lithium New Mining Projects

AVZ Minerals identifies spodumene-rich zones from new drillholes at Manono lithium-tin project

August 18, 2021August 24, 2021 admin

Wide-spaced resource drilling at the Carriere de l’Este pegmatite deposit within AVZ Minerals’ (ASX: AVZ) Manono lithium-tin project in the Democratic Republic of Congo has confirmed high-grade mineralisation directly beneath thin soil and laterite cover. Assay results from four new “step-out” holes located on section lines along strike from initial drilling in 2017 have identified additional high-grade spodumene-rich zones for future infill resource estimation programs. Best intersections included 12.05 metres at 2.41% lithium oxide and 735 parts per million tin; 21.09m at 2.1% lithium oxide and 943ppm tin; and 16m at 2.49%… Read More Here