Lithium - Copperbelt Katanga Mining

AVZ nails stunning lithium drill hits in the DRC

April 12, 2021April 12, 2021 admin

ASX-listed aspiring Central African lithium developer, AVZ Minerals’ resource drill out has reeled off a further batch of stunning thick, high-grade pegmatite drill hits from beneath the Roche Dure open-pit floor at its Manono hard-rock lithium and tin project in the Democratic Republic of the Congo. The Perth-based company says it has now kicked off an update of the existing mineral resource estimate for the massive Roche Dure deposit, which currently hosts 400 million tonnes of ore at an average grade of 1.65 per cent lithium oxide. The latest set… Read More Here

Mining in DRC Battery Metals Lithium New Mining Projects Tin

AVZ signs binding SC6 offtake agreement with lithium converter

March 30, 2021March 30, 2021 admin

AVZ Minerals has secured a strategic, long-term offtake partner agreement with Yibin Tianyi Lithium Industry. The Company and Yibin Tianyi have signed a binding offtake agreement for the supply of spodumene concentrate (SC6) from the Manono Lithium and Tin Project. Yibin Tianyi is a leading global battery materials producer that is continuing to expand its lithium hydroxide production capacity as a key participant in the supply chain of Contemporary Amperex Technology (CATL), the world’s largest lithium-ion battery maker. AVZ’s MD, Nigel Ferguson, said: “We are very pleased to conclude our… Read More Here

Mining in DRC Battery Metals Lithium New Mining Projects

AVZ Minerals signs first tin offtake agreement for Manono project

March 29, 2021March 29, 2021 admin

Emerging Democratic Republic of Congo producer AVZ Minerals (ASX: AVZ) has secured a three-year offtake agreement for the sale of 600 metric tonnes per annum of tin concentrate from the Manono lithium and tin project to industrial metals trader Kalon Resources. The agreement is the first tin sale from Manono and equates to approximately 43% of the total tin concentrate available for sale from the project. Under the terms of the offtake deal, AVZ will supply 600 metric tonnes of concentrate to Kalon, with a minimum 55% tin content and expected grades… Read More Here

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Nickel demand for EVs to outpace lithium and cobalt – report

March 17, 2021March 17, 2021 admin

As battery metals continue to rise to the forefront of attention, much has centered around lithium and cobalt. Governments have enacted policies to encourage investment into the critical raw materials they deem essential to the green energy transition. At the same time, supply chain concerns surrounding nickel have begun to garner increasing focus. As a key component of battery cathode chemistry in many existing and upcoming electric vehicles (EVs), nickel will remain an important metal to watch in the coming decade, market analyst Fitch Solutions maintains in its latest industry report. Fitch has updated its estimate of… Read More Here

Lithium

Lithium prices continue to climb, up 88% in 2021

March 17, 2021March 17, 2021 admin

Lithium prices continue to rise exponentially in China amid strong demand for lithium iron phosphate (LFP) batteries, the first-ever mid-month assessment by the Chinese supply chain research agency. batteries and the Benchmark Mineral Intelligence pricing reporting agency. The median benchmark battery grade lithium carbonate price (EXW China, ≥99.0% Li2CO3) for mid-March shows that the raw material has risen 88% just year-to-date to over 12,600 $ per tonne, the highest level since March 2019. Read More Here

Lithium Mining in DRC

AVZ signs second offtake agreement in DRC

March 10, 2021March 10, 2021 admin

ASX-listed AVZ Minerals has inked a second long-term offtake agreement with Chinese lithium converter Shenzhen Chengxin Lithium Group for spodumene concentrate from the Manono lithium and tin project, in the Democratic Republic of Congo. Chengxin has agreed to purchase up to 180 000 t/y of spodumene concentrate over an initial three year term, following the start of production at Manono, with the companies having the option to mutually agree to extend the offtake arrangement. “We are very pleased to conclude our discussions with Chengxin and to sign our second lithium… Read More Here

Mining in DRC Lithium Tin

AVZ awards FEED study to Mincore to progress Manono lithium and tin project in DRC

February 26, 2021 admin

AVZ Minerals Ltd has announced it has awarded a 12-week Front End Engineering and Design (FEED) contract to Melbourne-based engineering company, Mincore Pty Ltd for its Manono lithium and tin project in DRC. Key deliverables of the FEED study include: confirm the process flowsheet, confirm all bulk material quantities to verify pricing, confirm selected equipment pricing, finalisation of the execution schedule and provide “Issued for Construction” early works drawings. The Manono project is owned by AVZ (60%), La Congolaise d’Exploitation Minière SA (30%) (Cominiere, a State-owned enterprise) and Dathomir Mining… Read More Here

Cobalt International Lithium Mining in DRC Nickel

Battery metals are critical over the next decade, Roskill says

February 19, 2021February 19, 2021 admin

The growing adoption of electric vehicles (EVs) is driving the increasing demand for lithium, nickel and cobalt – critical metals used as cathode materials for lithium-ion batteries in the automotive, energy and electronics industries. According to Deloitte’s Electric Vehicle Trends, EV sales are forecast to grow from 2.5 million in 2020 to 11.2 million by 2025, and to 31.1 million by 2030. Analysts from Roskill, a commodity research firm and a leader in critical materials supply chains, provide an outlook on battery metals’ markets over the next decade. Lithium Global demand for… Read More Here

Mining in DRC Lithium

AVZ lands more long lithium hits in DRC

February 19, 2021February 19, 2021 admin

AVZ Minerals’ resource drill out continues to impress with broad drill intersections of pegmatite discovered in the Roche Dure pit floor at the company’s massive Manono lithium and tin project in the Democratic Republic of the Congo. AVZ says the project will spit out an incredible US$400 million a year in average EBITDA when fully developed. The eye-catching EBITDA in last year’s definitive feasibility study on Manono was calculated based on 100 per cent ownership of the asset. AVZ currently holds 60 per cent of the project and has an… Read More Here

Mining in DRC Lithium

AVZ nails 279m lithium hit in DRC

February 6, 2021February 6, 2021 admin

AVZ Minerals is set to expand its lithium resource at its Manono project in the DRC with drilling below the current pit floor delivering an incredible 279.2 metre intercept grading 1.45 per cent lithium oxide from only 24.06m down-hole. With lithium companies currently enjoying a resurgence, AVZ continues to show that it may well have the biggest and best undeveloped lithium deposit in the world today. Curiously, the recent 279m drill hole that also delivered 1,035 parts per million tin was drilled in a zone previously considered to be “waste… Read More Here