Tin - Copperbelt Katanga Mining

Investors back Manono Lithium and Tin Project in $40M placement

July 2, 2021July 2, 2021 admin

Highlights• AVZ receives firm commitments to raise $40 million (before costs) from sophisticated, professional and institutional investors• Share placement heavily oversubscribed by $10 million which has been accepted by the AVZ Board• AVZ Board has opted not to proceed with a Share Purchase Plan (“SPP”) at this time due to heavily oversubscribed placement.• Placement was well supported by high-quality institutions from Australia and North America, and includes a European-based physical energy commodities merchant• Issue price of $0.13 per share represents a discount of 18.8% to the last closing price.• Proceeds… Read More Here

Cobalt Copper Tin Zinc

DRC: downward trend in metal export prices on the market from June 26 to July 3, 2021 (Mercuriale)

June 29, 2021June 29, 2021 admin

The main export metals from the Democratic Republic of the Congo show a downward trend in their prices in the period from June 26 to July 3, 2021 compared to the prices recorded a week before this period, inform the data of the National Commission of Mercurials of price, a structure attached to the Ministry of Foreign Trade. Copper prices this week are estimated at $ 9,237.20 per tonne compared to $ 9,759.60 in the period June 21-26, either a deviation of -522.4 $ or a downtrend. The same is… Read More Here

Tin Mining in DRC New Mining Projects

Exploration could double Alphamin’s resources at Bisie

June 15, 2021June 16, 2021 arnbethnic

Geology is the one thing miners are not able to change. They cannot improve ore bodies or create valuable deposits. Geology does not follow mining companies. Miners must go out and look for the exceptional deposits wherever they are. If they are in the developing world, the risks, and the costs, to extract them are a lot higher compared to mining ore bodies in developed countries. Nevertheless, if a company discovers a tin deposit with an average grade of more than 4.5%, there are no second thoughts. Despite the risks… Read More Here

Battery Metals Lithium Mining in DRC New Mining Projects Tin

AVZ on track to develop world’s largest hard-rock lithium project

June 4, 2021June 6, 2021 admin

Manono is the largest and highest grade undeveloped hard-rock lithium project in the world, and AVZ aims to ensure it is 100% ‘green’. Australian-listed AVZ Minerals (ASX:AVZ) is surging towards deciding to go into production after signing four long-term offtake agreements for its world-class Manono hard-rock lithium and tin project during the last four months. The binding SC6 offtake agreements are with three of China’s major lithium converters, and the fourth is a tin offtake agreement with Kalon Resources, which is a 100% owned subsidiary of Noble Group Holdings: Asia’s leading… Read More Here

Cobalt Copper Gold Mining in DRC Tin Zinc

World: The price of a gram of gold settled at 59.80 USD on weekdays (official)

May 27, 2021May 27, 2021 admin

The price of a gram of gold saw a marked improvement in the international market during the week of May 24-29, 2021, trading at $ 59.80 versus $ 57.66 in the week of May 17-22, 2021. These indications on the trend of commercial mining products were revealed in a press release on Wednesday, May 26, 2021, by the Congolese Ministry of Foreign Trade. The same document informs that Silver and Tantalum are also experiencing a price rise in the international market during the same period, trading at $ 0.90 vs.… Read More Here

Mining in DRC Tin

Congo earthquake disrupts tin ore exports

May 27, 2021May 27, 2021 admin

An earthquake in Goma, a city in Democratic Republic of Congo near the border with Rwanda, is delaying exports of tin ore from mineral-rich North Kivu province, two sources with direct knowledge told Reuters on Wednesday. This is likely to exacerbate shortages of the soldering metal, prices of which last week touched 10-year highs at $30,650 a tonne. The sources said tin ore producers have been unable to obtain the permits they need to export the material because government offices in Goma, North Kivu’s capital city, are shut due to… Read More Here

Mining in DRC Lithium Tin

AVZ documentation for mining Manono license under consideration

May 17, 2021May 17, 2021 admin

AVZ Minerals has announced all of the required documentation to support its application for the Permis d’Exploitation in respect to the Manono Lithium and Tin Project has been lodged and accepted for consideration by the Cadastre Minier in Kinshasa. The documentation and formal application – which were submitted by AVZ’s majority-owned DRC company, Dathcom Mining SA, will now be assessed by the DRC Government prior to approval of the granting of the Mining Licence for the Manono Project as soon as practicably possible. AVZ’s MD, Nigel Ferguson, says: “Lodging our… Read More Here

Cobalt Copper Lithium Nickel Tin

Copper, cobalt, lithium, nickel & tin, among the materials that will dominate the green and digital transition

May 10, 2021May 10, 2021 admin

A new report from Fitch Solutions predicts that certain “conventional” raw materials will receive an additional boost over the next 20 years, as they take center stage in green and digital transitions. These products include copper, nickel, tin, aluminum and rare earths which, along with lithium and cobalt, are expected to experience a boom in demand over decades in the midst of the battery revolution. . “While the ‘traditional’ base metal mining and refining sectors such as copper, nickel, tin and aluminum are well established, we note that the lithium… Read More Here

Lithium Battery Metals Mining in DRC New Mining Projects Tin

Manono Lithium and Tin Project Operational Update

May 4, 2021May 10, 2021 admin

AVZ Minerals Limited (ASX:AVZ or “the Company”) is pleased to provide an operational update in relation to its flagship project, the Manono Lithium and Tin Project (“Manono Project”).AVZ Minerals Managing Director, Mr. Nigel Ferguson said: “Buoyant market conditions continue with both spodumene concentrate and lithium chemical prices strengthening on the back of rising electric vehicle demand, just as international Government policies advance the reduction of carbon emissions whilst securing strategic supply chains that feed domestic EV industries across the globe.” “Both market and geopolitical factors have fuelled a steep increase… Read More Here

Mining in DRC Lithium Tin

AVZ nails stunning lithium drill hits in the DRC

April 12, 2021April 12, 2021 admin

ASX-listed aspiring Central African lithium developer, AVZ Minerals’ resource drill out has reeled off a further batch of stunning thick, high-grade pegmatite drill hits from beneath the Roche Dure open-pit floor at its Manono hard-rock lithium and tin project in the Democratic Republic of the Congo. The Perth-based company says it has now kicked off an update of the existing mineral resource estimate for the massive Roche Dure deposit, which currently hosts 400 million tonnes of ore at an average grade of 1.65 per cent lithium oxide. The latest set… Read More Here