Lithium - Copperbelt Katanga Mining

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

May 20, 2024May 20, 2024 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

Mining in DRC Battery Metals Lithium

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

May 12, 2024May 12, 2024 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

Mining in DRC Lithium Mining Personality

Tantalex Lithium Resources Corp. Announces Private Placement and Appointment of Senior Advisor

May 1, 2024May 1, 2024 Constance

Toronto, Ontario, April 29th, 2024 – Tantalex Lithium Resources Corp. (CSE: TTX – FSE: DW8 – OTCQB: TTLXF) (“Tantalex” or the “Corporation”) is thrilled to unveil a non-brokered private placement initiative, representing a significant milestone for the company’s growth trajectory. The private placement comprises approximately 117,090,857 common shares (the “Common Shares”) at a favorable price of $0.035 per Common Share, aiming to generate gross proceeds of up to USD$3,000,000 (the “Private Placement”). The primary allocation of the proceeds from the Private Placement will be directed towards critical project expenditures geared… Read More Here

Lithium Battery Metals International

Africa’s lithium supply to almost triple this year – Benchmark Mineral Intelligence

April 25, 2024April 25, 2024 Constance

Lithium production from Africa is projected to almost triple in 2024 compared to the previous year, according to Benchmark Mineral Intelligence. Chinese companies hold a virtual monopoly on lithium extraction in Africa, with over 90% of the continent’s projected lithium supply for this decade stemming from projects partly owned by Chinese entities, as estimated by Benchmark. Most of the increased supply is expected to come from Zimbabwe. It is estimated that the country produced 3,400 tonnes in 2023, placing it among the seven largest producers globally. The country is home… Read More Here

Battery Metals Cobalt Lithium Mining in DRC

Sub-Saharan Africa’s Energy Transition Minerals Valued at $2 Trillion by 2050

April 23, 2024April 23, 2024 Constance

Sub-Saharan Africa is poised to play a significant role in the global energy transition, with the potential to generate nearly $2 trillion from the production of essential metals by 2050, according to the International Monetary Fund (IMF). In a paper released on Friday, the IMF outlined that global revenue from mining key metals such as copper, cobalt, lithium, and nickel could soar to $16 trillion over the next 25 years, as projected by the International Energy Agency (IEA). Sub-Saharan Africa is expected to contribute around 12% of this total output.… Read More Here

International Copper Lithium

Chile’s mining production up 7.7% in February

April 3, 2024April 3, 2024 Constance

Chile’s mining production is starting to turn the corner after months of a sustained output slump, with the country’s total output up 7.7% in February from the same month last year. The country’s top commodities, copper and lithium, were behind the overall production increase, according to data published by the National Institute of Statistics (INE). Metal extraction grew by 5.5% on the back of rising copper output, which grew 9.95% to 420,242 tonnes. The country accounts for almost a quarter of the world’s copper supply, equivalent to about 5.2 million… Read More Here

International Battery Metals Cobalt Lithium Press Release

Electra and Eurasian Resources Group Sign Cobalt Supply Agreement

April 3, 2024April 3, 2024 Constance

Electra Battery Materials Corporation (NASDAQ: ELBM; TSX-V: ELBM) (“Electra”, “Company”) and Eurasian Resources Group (“ERG”, “The Group”), a leading diversified natural resources group headquartered in Luxembourg, announced today that they have signed a binding letter of intent for the long-term supply of ERG’s cobalt hydroxide to North America’s first battery grade cobalt sulfate refinery. This transaction supports efforts to onshore the battery supply chain and reduce reliance on foreign refiners. .Starting from 2026, under the three-year supply agreement, ERG will deliver 3,000 tonnes per annum of IRA-compliant cobalt to Electra’s… Read More Here

International Lithium

Andrada Mining Reports Significant Production Increase in Namibia Operations

March 28, 2024March 28, 2024 Constance

Andrada Mining, a company with mining and exploration assets in Namibia, has announced a remarkable 60% year-on-year increase in ore processed for the financial year ended February 29, reaching 915,599 metric tons. The Uis mine, a key asset of Andrada Mining, witnessed a notable surge in tin concentrate production, up by 54% to 1,474 metric tons, with contained tin production also rising by 51% to 885 metric tons. During this period, plant availability at the Uis mine improved to 91%, compared to 87% in the previous financial year. Additionally, the… Read More Here

Mining in DRC Lithium Mining in Zambia Zinc

India’s Govt to Spearhead Critical Metals Exploration in Africa

March 27, 2024March 27, 2024 Constance1 Comment

The Indian government is set to embark on an exploration of critical metals opportunities in Namibia and several other African countries beginning this year. VL Kantha Rao, the secretary of the mines ministry, disclosed this initiative to the Indian Mining Industry last Friday, revealing a focus on offshore mineral mining in Africa. “We are actively pursuing opportunities in Zambia, Namibia, Congo, Ghana, and Mozambique for critical minerals,” Rao stated. Additionally, Rao mentioned ongoing discussions with Australia concerning lithium blocks, indicating a comprehensive approach towards securing vital resources for India’s industrial… Read More Here

International Battery Metals Lithium Mining Personality

Piedmont Lithium Appoints Dawne Hickton to Board of Directors

March 21, 2024March 21, 2024 Constance

Piedmont Lithium, a North America-focused company listed on the ASX, announced the appointment of Dawne Hickton to its board of directors. Hickton, known for her leadership roles in aerospace, energy, and metals industries, brings extensive manufacturing expertise to further diversify the board’s executive guidance. President and CEO Keith Phillips praised Hickton’s transformative leadership and cross-industry experience, highlighting her track record in steering organizations through periods of growth. Piedmont aims to emerge as a major lithium hydroxide producer in North America by processing spodumene concentrate from its assets. These include the… Read More Here