Tin - Copperbelt Katanga Mining

Manono Lithium and Tin Project Corporate Update

October 20, 2021October 20, 2021 admin

AVZ Minerals Limited (ASX: AVZ or “the Company”) is pleased to provide an operational update on the progress of various matters relating to its flagship Manono Lithium and Tin Project (“Manono Project”).Transaction Implementation Agreement (“TIA”) As previously announced on 27 September 2021, the Company has entered into a deal with CATH to develop the Manono Project.Proceeds from the transaction will fund a majority of project development capital. CATH has now paid the US$20 million break fee (held in an escrow account). The completion of the transaction is subject to the… Read More Here

Cobalt Copper Gold Mining in DRC Tin

DRC: copper, cobalt, gold, zinc, … on the rise this week on the international market

October 19, 2021October 19, 2021 admin

All the main mining products of the Democratic Republic of Congo show an upward trend this week, going from October 18 to 23, 2021, on the international market, inform the projections of the Commission Nationale des Mercuriales of the Ministry of Foreign Trade. Copper is trading this week at $ 9,325.20 per tonne versus $ 9,147 per tonne last week, up $ 178. Likewise, cobalt is up to $ 52,879 per tonne from $ 52,469 per tonne last week, a positive price spread from the Order of $ 410. Zinc… Read More Here

Cobalt Gold Tin Zinc

DRC: cobalt, zinc and tin on the rise this week on the international market (Mercuriales)

October 8, 2021October 8, 2021 admin

Three main export products from the Democratic Republic of Cogo show an upward trend while the others are either falling or stable on the international market in the week from October 4 to 9, 2021, according to forecasts by the National Mercurial Commission of Ministry of Foreign Trade. Cobalt is trading this week at around $ 52,480.00 per tonne versus $ 51,741.00 per tonne last week, a positive price spread of $ 39. Zinc is also up to $ 3,066.00 per tonne this week from $ 3,048.00 per tonne last… Read More Here

Cobalt Gold Mining in DRC Tin

DRC: gold, tin and cobalt up on the market this week (Mercuriales)

September 27, 2021 admin

Three of the Democratic Republic of the Congo’s main export mining products show an upward trend during the week from September 27 to October 2, 2021, according to projections by the National Commission of Mercurial Prices of the Ministry of Foreign Trade. Cobalt will trade this week at 51,741 USD per tonne against 50,826 USD per tonne last week, a positive price differential of 913 USD. Likewise, tin is selling this week for around $ 34,925 per tonne against $ 34,113 last week, a price increase of $ 812. As… Read More Here

Battery Metals Lithium Mining in DRC New Mining Projects Tin

AVZ lands $240m for DRC lithium project

September 27, 2021September 27, 2021 admin

Shares in AVZ Minerals rose on Monday, as the ASX-listed company announced that it had secured $240-million from a Chinese investment entity to develop its lithium and tin project in the Democratic Republic of Congo (DRC). The developer announced that CATH Energy Technologies (CATH), a private investment entity jointly owned by Pei Zhenhua and Contemporary Amperex Technology Co Limited (CATL), would earn a 24% equity interest in a multi-faceted joint venture to develop the Manono lithium and tin project. CATH would pay $240-million cash for its 24% equity interest and a further amount to fund its pro-rata… Read More Here

Tin International

Tin price hits record highs at $ 35,955 per tonne

August 19, 2021August 19, 2021 admin

Tin continues to be the unexpected star of industrial metals this year. As the broader metals rally shows signs of abating, tin continues to hit new all-time highs in the London and Shanghai markets. The London Metal Exchange (LME) three-month tin last week hit $ 35,955 per tonne, eclipsing the previous high of $ 33,600 from 2011. Currently trading around $ 35,400 per tonne, tin is up 68% from the start of the year. Aluminum is far behind with gains of 27% since the start of the year. LME tin inventories failed… Read More Here

Mining in DRC Battery Metals Lithium New Mining Projects Tin

AVZ Minerals’ Manono Lithium and Tin Project on cusp of reaching bankable status

August 18, 2021August 18, 2021 admin

AVZ Minerals Ltd (ASX:AVZ) is only weeks away from receiving all permits and licences required before making a final investment decision for the development of Manono Lithium and Tin Project in the Democratic Republic of Congo (DRC). The latest step in this process has been signing of the final written Environmental and Social Impact Assessment by the Direction de Protection de l’Environnement Minier (DPEM) under the authority of the DRC Ministry of Mines. AVZ has been actively engaged with the DRC Government on all permitting and licence requirements for the project and has exercised its option… Read More Here

Copper Mining in DRC Tin Zinc

DRC: copper, zinc and tin show an uptrend during the period from August 2 to 7, 2021

August 3, 2021August 3, 2021 admin

The market for mining products oscillates between rise and fall for the main minerals exported from the Democratic Republic of the Congo, according to projections by the National Commission of Mercuriales, structure of the Ministry of Foreign Trade. Copper is on the rise again this week on the international market and is trading at $ 9,560.40 per tonne against $ 9,298.10 per tonne last week, a positive price differential of $ 262.3. Cobalt is trending downward and trading at $ 52,447.00 per tonne against $ 52,482.00 in the week of… Read More Here

Mining in DRC Lithium Tin

AVZ refines study on giant lithium project as it waits for mining licence

July 23, 2021July 23, 2021 admin

“ASX-listed central Africa lithium developer AVZ Minerals hopes to secure an all-important mining licence for its advancing flagship Manono hard-rock lithium and tin project in the Democratic Republic of the Congo in the not-too-distant future as it builds relationships with the newly formed Congolese Government.” “The Perth-based company says some of its previously stated indicative timelines for anticipated regulatory approvals including for the Manono mining licence have been prolonged due to the change in the country’s government earlier this year.” Management says since the new DRC Government was sworn in,… Read More Here

Mining in DRC Lithium New Mining Projects Tin

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