Lithium - Copperbelt Katanga Mining

Tantalex Lithium Resources CEO sheds light on the importance of lithium to the DRC

November 26, 2023November 26, 2023 Constance

The Democratic Republic of the Congo (DRC) is renowned in the mining industry for its abundant resources, yet it grapples with a reputation for corruption and widespread poverty, raising concerns about the equitable distribution of wealth from resource extraction. This trend, observed in numerous industries and countries globally, seems notably pronounced in the DRC. Engaging with individuals operating within such environments, like Eric Allard, CEO of Tantalex Lithium Resources (CSE:TTX, OTC:TTLXF), offers a unique perspective on the ground reality in the DRC and sheds light on daily experiences. Allard, having… Read More Here

Mining in DRC Battery Metals Lithium Mining Projects

AVZ Minerals Secures ICC Injunction Against COMINIERE in Manono Lithium Project Dispute

November 24, 2023November 24, 2023 Constance

The dispute between AVZ Minerals and COMINIERE regarding the Manono lithium project in the DRC is yet to reach a final resolution. The International Chamber of Commerce has issued a prohibition on Congolaise d’Exploitation Minière (Cominière), restraining any actions directly or indirectly linked to the exploration and exploitation of the Manono project claimed by AVZ Minerals. This decision marks a preliminary victory for the Australian mining company, announced on November 17. Previously, AVZ had urgently sought arbitration to halt any transactions related to the Manono project. Notably, Cominière had recently… Read More Here

Mining in DRC Battery Metals Lithium Mining Projects

AVZ Minerals Secures Strategic Funding Pact to Resolve Legal Battles

November 17, 2023November 17, 2023 Constance

In a strategic move, AVZ Minerals, an Australian company, has inked a significant binding term sheet with Locke Capital, a global litigation funder. The deal, valued at $20 million, aims to address corporate, legal, and project expenses while resolving multifaceted litigation surrounding the Manono lithium and tin mine in the Democratic Republic of Congo (DRC). The funds will play a pivotal role in managing several arbitration cases at the International Chamber of Commerce (ICC) in Paris, primarily revolving around the Manono lithium permits. Notably, AVZ has secured emergency relief orders… Read More Here

Mining in DRC Battery Metals Lithium

Tantalex Lithium Secures Glencore Partnership with Offtake Agreement and $5M Financing

November 14, 2023November 14, 2023 Constance

Tantalex Lithium Resources Corp. (CSE: TTX – FSE: DW8 – OTCQB: TTLXF) announced yesterday November 13th the successful conclusion of a lithium marketing offtake agreement (Marketing Offtake Agreement) and a convertible facilities agreement amounting to US$5,000,000 (Convertible Facilities Agreement) with Glencore AG (Glencore). These agreements were previously disclosed in Tantalex’s news release on September 8th, 2023. The Marketing Offtake Agreement encompasses 100% of the lithium production from Tantalex’s Manono Lithium Tailings Project, starting from the commencement of commercial production throughout the mine’s operational life. Glencore will exclusively manage all sales… Read More Here

Mining in DRC Battery Metals Lithium

AVZ Minerals Seeks Emergency Arbitration Over Manono Lithium Mine Dispute

October 30, 2023October 30, 2023 Constance

AVZ Minerals announced on today October 30th its intention to file an emergency arbitration application, with the aim of obtaining injunctive relief against Cominiere. This move seeks to prevent any transaction related to the disputed Manono lithium mine in the Democratic Republic of Congo (DRC). Last week, Zijin Mining disclosed that its joint venture, Manono Lithium SAS, in which its subsidiary Jinxiang Lithium holds a 61% stake, while DRC’s state-owned Cominiere possesses the remaining interest, was granted rights over the northeast tenement of the Manono mine. AVZ Minerals is pursuing… Read More Here

Mining in DRC Battery Metals Cobalt Events & Expos Lithium Nickel

DRC Prime Minister Calls for EU Aid Against Illicit Mineral Exploitation at Global Gateway 2023 Forum

October 27, 2023October 27, 2023 Constance

Prime Minister Jean-Michel Sama Lukonde has successfully concluded his visit to Brussels, Belgium, where he represented the President of the Democratic Republic of Congo, Félix Antoine Tshisekedi Tshilombo, at the Global Gateway Forum held on October 25 and 26, 2023. His mission was to engage European private investors and encourage their participation in the development of the Democratic Republic of Congo, focusing on digital, energy, and ecological transitions. During the forum, the Prime Minister played a pivotal role in addressing significant development issues and formalizing agreements. He shared a summary… Read More Here

Mining in DRC Battery Metals Lithium Mining Projects

Latest Developments in the Manono Lithium Evolution

October 26, 2023October 26, 2023 Constance

Contrary to AVZ Minerals’ claims in their announcement on October 9, 2023, it appears that there has been limited progress in the Memorandum of Understanding (MOU) between the Congolese Government and the Australian company. It seems that the Congolese side is growing frustrated with AVZ Minerals’ CEO, Mr. Nigel Ferguson, and his board for their handling of the “Manono Lithium” project. AVZ Minerals has been at the helm of this project for several years, and one would expect them to have anticipated and resolved the conflicts that are currently hindering… Read More Here

Mining in DRC Battery Metals Cobalt Copper Lithium Mining Projects

Zijin Mining Asserts Its Right to Develop Manono Lithium Mine in the DRC

October 25, 2023October 25, 2023 Constance

China’s Zijin Mining is determined to move forward with the contentious Manono Lithium mine in the Democratic Republic of Congo (DRC) after being granted permission to develop the deposit. Originally owned by Australian AVZ Minerals, the mineral-rich site had its permit revoked by the DRC’s mines ministry due to slow development progress. As a top gold and copper miner in China, Zijin has been actively acquiring lithium assets in South America and Africa to supply the electric vehicle battery industry. Zijin’s subsidiary, Jinxiang Lithium, holds a 61% stake in Manono… Read More Here

Lithium Mining Projects

DRC’s Manono Lithium Project Shows Strong PEA with $764M NPV and 87.4% IRR

October 9, 2023October 9, 2023 Constance

Tantalex Lithium’s Manono lithium tailings project in the Democratic Republic of Congo reveals a strong pre-tax NPV of approximately $764 million at a 10% discount rate and an 87.4% IRR on a nominal basis. The PEA also shows a pre-tax NPV of about $638-million and an 82.3% IRR on a real basis. It indicates a rapid payback of one year after first production using a life-of-mine (LoM) spodumene concentrate price of $2 800/t, as forecast by international price reporting agency Fast markets. This project capital cost estimate is $147.7-million including… Read More Here

Mining in Zambia Battery Metals Cobalt Lithium Mining in DRC Partnership

EU Nurtures Partnerships with DRC and Zambia to Secure Critical Materials

September 28, 2023September 28, 2023 Constance

The European Union (EU) is working on partnerships with the Democratic Republic of Congo (DRC) and Zambia to strengthen local industries in the face of growing competition with China for essential resources in the green and digital sectors. A forthcoming memorandum of understanding will signify the EU’s support for cultivating local value chains, especially since a significant portion of critical material processing, such as lithium and cobalt, currently occurs in China. The EU’s objective is to diversify the suppliers of crucial resources and counter China’s substantial infrastructure investments in regions… Read More Here