Lithium - Copperbelt Katanga Mining

US and Saudi Arabia Discuss African Metal Deals

September 10, 2023September 10, 2023 Constance

The United States and Saudi Arabia are reportedly in discussions to secure vital metals from African sources as part of their energy transition efforts, according to sources cited by the Wall Street Journal. A Saudi state-backed venture is exploring the acquisition of mining stakes valued at $15 billion in African nations like the Democratic Republic of Congo, Guinea, and Namibia. This arrangement would grant US companies the option to purchase a portion of the production. This development comes as the US races to compete with China for access to cobalt,… Read More Here

Mining in DRC Battery Metals Lithium

Glencore Boosts DRC Presence in Ambitious Lithium Expansion Move

September 10, 2023September 10, 2023 Constance

Glencore plans to increase its exposure to the Democratic Republic of Congo to source metals vital to electric car batteries, as the commodity trading giant seeks to expand in the rapidly growing market. Glencore is making its first-ever investment in a lithium mine in the central African nation after agreeing a deal with Tantalex, a Toronto-listed group exploring for lithium in the DRC. The deal will see London-listed Glencore provide up to $55mn to Tantalex in three stages, in return for getting the rights to sell lithium from Tantalex’s Manono tailings project… Read More Here

Mining in DRC Lithium Mining Personality

AVZ Minerals Shareholders to Appoint New Directors in Bid to Restore Trust

September 10, 2023September 10, 2023 Constance

AVZ Minerals shareholders are set to convene at a General Meeting on November 23 to appoint three directors, with the primary objective of rebuilding trust with the Congolese Government and all stakeholders involved in the “Manono lithium” project. The relationship between AVZ and government entities in the Democratic Republic of Congo (DRC) has soured significantly, six years after the Australian company, via its subsidiary AVZ INTERNATIONAL PTY LTD, acquired approximately 60% of the shares in “DATHCOM MINING.” This project aimed to raise funds for feasibility studies before the exploitation phase… Read More Here

Lithium Battery Metals Copper Gold Mining in DRC

Will Africa and the DRC Turn the Lithium Rush into a Development Opportunity?

September 8, 2023September 8, 2023 Constance

Africa holds 30-75% of the world’s reserves of lithium, phosphate, copper, chrome, manganese, gold, platinum, diamonds, and aluminum. Some of these minerals, such as lithium, are essential for what is known as the energy transition, the shift from an economy based on gas and oil to one based on renewable sources. Zimbabwe possesses the largest lithium reserves in Africa, which are also the fifth-largest in the world. In 2018, Zimbabwe and Namibia were among the top ten global lithium producers. Zimbabwe is expected to meet 20% of the global demand… Read More Here

International Lithium

Premier African Minerals Raises £4M for Zimbabwe’s Zulu Project Advancement

August 25, 2023August 25, 2023 Constance

Aim-listed Premier African Minerals has announced a placing and subscription to raise £4-milllion before expenses for the ongoing Zulu lithium and tantalum project pilot optimisation, in Zimbabwe, where the company is targeting revenue-generating production by November. In particular, Premier anticipates using the proceeds to meet the costs associated with the interim mill installation and associated thickener that is expected to collectively increase production to about 50% of design capacity from October; ongoing pit development to clear the weathered zone; and general operational costs to cover the current interim period until the end of November. “Based… Read More Here

Mining in Zambia Battery Metals Cobalt Copper Economy Lithium

KoBold Metals’ Project Poised to Boost Zambia’s Growth and Global Sustainability

August 23, 2023August 23, 2023 Constance

In a recent interview, KoBold Metals’ co-founder and President Josh Goldman shed light on the significant contribution that KoBold’s project is set to make to Zambia’s economic growth and the global shift towards sustainable resource development. The conversation delved into Zambia’s mineral-rich landscape, its commitment to sustainable practices, and the unique opportunities that KoBold’s innovative technology presents. The transition to a low carbon economy hinges on critical metals like copper, cobalt, nickel, and lithium. These metals are essential for renewable energy technologies, electric vehicles, and other green innovations. Zambia, blessed… Read More Here

International Gold Lithium

Minister highlights Zimbabwe mining sector’s growth potential

August 11, 2023August 11, 2023 Constance

By bringing previously unregulated small-scale miners into the formal fold and introducing incentives for established producers, Zimbabwe has boosted its gold output from about 20 t to 35 t a year over the past five years, with the small-scale miners now contributing 60% to the tally, Information, Publicity and Broadcasting Services Minister Monica Mutsvangwa said on Wednesday August 9th. Mutsvangwa, who was speaking at a dinner she hosted in Harare for journalists from ten Southern African Development Community countries, said the country’s gold production was projected to double by 2025. “The mining sector is ripe for faster growth, as gold is literally… Read More Here

Mining in Zambia Battery Metals Cobalt Copper Diamond Lithium

Divergent Policies in Zambia and Zimbabwe: Critical Minerals to Rescue?

July 31, 2023July 31, 2023 Constance

In late 2022, Lake Kariba, the world’s largest dam reservoir, experienced record-low water levels, leading Zimbabwe to halt electricity generation at the Kariba Dam’s South Power Station, while neighboring Zambia faced water rationing during an economic crisis. Both countries possess significant mineral reserves that could contribute to global energy transitions. However, they are grappling with climatological shifts that are destabilizing Southern African states, with floods, droughts, and cyclones becoming frequent and devastating events. The reliance on hydropower, which constitutes over 20 percent of the region’s energy mix, makes the impact… Read More Here

Mining in Zambia Battery Metals Cobalt Lithium Mining in DRC

Africa’s Rising Role in the Global Energy Transition: Striving for Sustainable Partnerships

July 26, 2023July 26, 2023 Constance

As global leaders unite to combat climate change and steer the world towards cleaner energy sources, the significance of critical minerals in the energy transition is becoming increasingly apparent. African countries, grappling with the consequences of climate change, are emerging as pivotal players in reducing global carbon emissions while possessing abundant reserves of vital minerals required for the shift. The African continent is a treasure trove of critical minerals essential for advancing the energy transition. These minerals encompass copper, crucial for power lines; cobalt, nickel, lithium, and graphite, necessary for… Read More Here

Battery Metals International Lithium

Bikita Minerals Completes Dual Lithium Processing Plant in Zimbabwe

July 11, 2023July 11, 2023 Constance

Chinese mining conglomerate Sinomine Resource Group has completed the construction of a dual lithium processing plant at the group’s 10.8-million-ton Bikita mine in Zimbabwe. Commissioned in January 2022 following the Chinese group’s acquisition of the mine in a $180 million transaction, the plant will produce up to 300,000 metric tons of spodumene concentrate and 480,000 tons of petalite per year. The processing facility comprises a Gravity Separation Plant and a Flotation plant, enabling the mine to start processing spodumene while increasing the production of petalite from the current 50,000 tons… Read More Here