Lithium - Copperbelt Katanga Mining

Manono Lithium and Tin Project Operational Update

July 22, 2021July 23, 2021 admin

Highlights:▪ Completed $40m capital raising, with funds in part used to increase AVZ’s interest in the Project to 75%▪ Issued updated Roche Dure Mineral Reserve statement which has increased 41.6% based on mine redesign▪ FEED, process plant design and site geotechnical investigation studies complete confirming CAPEX and OPEX for Optimised DFS update▪ Optimised DFS Financial Model is progressing well based on key technical input from Roche Dure pit optimisation and FEED studies▪ AVZ is actively engaged with DRC Government on decision for award of Mining License, Mpiana Mwanga HEPP agreement,… Read More Here

Battery Metals Cobalt Lithium

Lithium-ion batteries need to be greener and more ethical

July 17, 2021July 17, 2021 admin

A low-carbon future rests on an essential, yet also problematic, technology. Lithium-ion rechargeable batteries — already widely used in laptops and smartphones — will be the beating heart of electric vehicles and much else. They are also needed to help power the world’s electric grids, because renewable sources, such as solar and wind energy, still cannot provide energy 24 hours a day. The market for lithium-ion batteries is projected by the industry to grow from US$30 billion in 2017 to $100 billion in 2025. But this increase is not itself… Read More Here

Battery Metals International Lithium

Elon Musk’s Table Salt Lithium Extraction Now Has A Tesla Patent

July 16, 2021July 16, 2021 admin

At Tesla’s Battery Day event, Musk mentioned the process but provided few details. Tesla’s Battery Day last year was a huge moment for the company. Elon Musk and others talked about the company’s future related to new battery tech. However, it didn’t go over very well with the media since the plans were not going to impact the immediate present, but rather, they were future plans. Tesla has already dealt with plenty of scrutiny as its Battery Day plans haven’t yet fully materialized. However, prior to the event, Musk made it clear that the plans… Read More Here

Mining in DRC Lithium Tin

AVZ Minerals upgrades ore reserve estimates at Manono lithium-tin project

July 14, 2021July 14, 2021 admin

Advanced explorer AVZ Minerals (ASX: AVZ) has announced a 41.6% increase to proved and probable reserves at its Manono lithium-tin project in the Democratic Republic of Congo. The new estimate contains 65 million tonnes of proved reserves and 66.6Mt of probable, taking total reserves to 131.6Mt compared to 93Mt reported in the project’s definitive feasibility study (DFS) released last year. The average lithium grade has increased from 1.58% to 1.63% lithium oxide while the tin grade of 990 parts per million remains the same. Contained tin metal has been boosted by 41%… Read More Here

Mining in DRC Lithium New Mining Projects Tin

Investors back Manono Lithium and Tin Project in $40M placement

July 2, 2021July 2, 2021 admin

Highlights• AVZ receives firm commitments to raise $40 million (before costs) from sophisticated, professional and institutional investors• Share placement heavily oversubscribed by $10 million which has been accepted by the AVZ Board• AVZ Board has opted not to proceed with a Share Purchase Plan (“SPP”) at this time due to heavily oversubscribed placement.• Placement was well supported by high-quality institutions from Australia and North America, and includes a European-based physical energy commodities merchant• Issue price of $0.13 per share represents a discount of 18.8% to the last closing price.• Proceeds… Read More Here

Copper Cobalt International Lithium Mining in DRC Nickel

Demand for copper, lithium and nickel batteries increases by more than 400%, study finds

July 1, 2021July 1, 2021 admin

These analysts’ forecasts indicate good prospects for the mining companies in the DRC which produce all these minerals. BloombergNEF (BNEF), a provider of strategic research, has increased its forecast for annual lithium-ion battery demand by more than a third from its previous forecast due to expectations of rapid growth in the passenger vehicle segment, mining.com reports. According to the BNEF, annual demand for lithium-ion batteries will exceed 2.7 terawatt-hours per year by 2030, a 35% increase over the analysis company’s forecast made last year. Passenger vehicles will account for 72% of… Read More Here

Battery Metals Lithium Mining in DRC New Mining Projects Tin

AVZ on track to develop world’s largest hard-rock lithium project

June 4, 2021June 6, 2021 admin

Manono is the largest and highest grade undeveloped hard-rock lithium project in the world, and AVZ aims to ensure it is 100% ‘green’. Australian-listed AVZ Minerals (ASX:AVZ) is surging towards deciding to go into production after signing four long-term offtake agreements for its world-class Manono hard-rock lithium and tin project during the last four months. The binding SC6 offtake agreements are with three of China’s major lithium converters, and the fourth is a tin offtake agreement with Kalon Resources, which is a 100% owned subsidiary of Noble Group Holdings: Asia’s leading… Read More Here

Mining in DRC Battery Metals Lithium

AVZ Minerals: Moving forward to development of its DRC lithium project

May 28, 2021May 28, 2021 admin

With lithium supply expected to enter a deficit within the next few years owing to increased demand from the burgeoning electric vehicle sector, where lithium-ion batteries dominate, ASX-listedlithium developer AVZ Minerals is well placed to meet this growing demand for battery-grade lithium through the development of its Manonolithium and tin project in the Democratic Republic of Congo (DRC). CHANTELLE KOTZE speaks to MD NIGEL FERGUSON about the critical path toward construction. Demand for spodumene concentrate – a feedstock material used in the production of lithium chemicals that go into batteries for electric vehicles… Read More Here

Mining in DRC Lithium Tin

AVZ documentation for mining Manono license under consideration

May 17, 2021May 17, 2021 admin

AVZ Minerals has announced all of the required documentation to support its application for the Permis d’Exploitation in respect to the Manono Lithium and Tin Project has been lodged and accepted for consideration by the Cadastre Minier in Kinshasa. The documentation and formal application – which were submitted by AVZ’s majority-owned DRC company, Dathcom Mining SA, will now be assessed by the DRC Government prior to approval of the granting of the Mining Licence for the Manono Project as soon as practicably possible. AVZ’s MD, Nigel Ferguson, says: “Lodging our… Read More Here

Cobalt Copper Lithium Nickel Tin

Copper, cobalt, lithium, nickel & tin, among the materials that will dominate the green and digital transition

May 10, 2021May 10, 2021 admin

A new report from Fitch Solutions predicts that certain “conventional” raw materials will receive an additional boost over the next 20 years, as they take center stage in green and digital transitions. These products include copper, nickel, tin, aluminum and rare earths which, along with lithium and cobalt, are expected to experience a boom in demand over decades in the midst of the battery revolution. . “While the ‘traditional’ base metal mining and refining sectors such as copper, nickel, tin and aluminum are well established, we note that the lithium… Read More Here