Lithium - Copperbelt Katanga Mining

Cashed up-advanced hard rock lithium explorer AVZ Minerals (ASX: AVZ) has reported an “extremely busy” June quarter including the unveiling of a “highly positive” definitive feasibility study for the flagship Manono lithium and tin project in the Democratic Republic of Congo. This was followed by a $10.7 million placement to Yibin Tianyi in May – giving Yibin a 9% stake in AVZ. The company also received $5.3 million (before costs) in May after Cannaccord Genuity (Australia) exercised more than 180.24 million options. AVZ used the funds to repay a US$1… Read More Here

Battery Metals Lithium Mining in DRC Mining Supply Tenders New Mining Projects

AVZ Minerals issues tenders worth US$300m for Manono works | DRC

July 3, 2020September 16, 2020 arnbethnic

Australia-based exploration company AVZ Minerals has issued tenders worth around US$300 million for pre-mining infrastructure work at its planned Manono lithium and tin project in the Democratic Republic of Congo. The AVZ Minerals tenders cover infrastructure work including a process plant package, development of the Kabondo Dianda intermodal staging station and for diesel storage facilities and supply, as well as work site buildings and enterprise resource systems. “We will have final pricings on our various tenders back in July and August and then expect to be in a position to… Read More Here

Mining technology International Lithium

Finland launches new battery metal traceability project amid Covid-19

June 4, 2020June 4, 2020 arnbethnic

VTT Technical Research Centre of Finland and the Geological Survey of Finland GTK have launched a new battery materials tracing platform, the Battrace project, aimed at enhancing sustainability in the mining industry. The Battrace project also focuses on the processes which metals undergo after being extracted from ore and refined into high-quality raw materials for battery material manufacturers. The total project’s budget is about €5.8m, €2.7m of which is allocated for research. The funding comes from Business Finland and its research partners, along with the following companies: Finnish Minerals Group,… Read More Here

Lithium Mining in DRC

Yibin Tianyi to invest A$10.6 million in AVZ Minerals | DRC

May 4, 2020May 4, 2020 arnbethnic

AVZ Minerals has announced an equity placement of A$10,687,500 to Yibin Tianyi Lithium Industry through the issue of 237,500,000 shares at 4.5 cents per share. Upon completion of the Placement, Yibin Tianyi will hold the equivalent of a 9% stake in AVZ. Under the new amended Subscription Agreement, Yibin Tianyi will not be entitled to an AVZ Board seat. AVZ’s MD, Nigel Ferguson, says: “Upon completion, the Board is pleased to finally and officially welcome Yibin Tianyi as a shareholder. “Yibin Tianyi has remained committed to becoming an investor in… Read More Here