https://www.northernontariobusiness.com/
Sudbury mine development company hits high-grade mineralization at Crean Hill mine property
Magna Mining is taking an aggressive pace in looking to put a former Inco nickel and copper mine back into production.
The Sudbury exploration and mine development company keeps reporting high-grade hits from a drilling program at the former Crean Hill Mine, acquired by Magna last fall.
The high-purity manganese market may face a deficit as early as 2024, according to people in the industry heard by MINING.COM.
An essential component of the steel-making process, manganese has played an increasing role in the battery market. The metal sulphate is an important stabilizing ingredient in the cathodes of batteries widely used in electric vehicles and electronics.
Tesla Inc. is set to pay more for the lithium that powers its electric vehicles after a supplier amended their deal amid a relentless price rally of the metal.
Piedmont Lithium Inc. will now supply an increased 125,000 metric tons of lithium concentrate to the EV giant starting in the second half of this year through the end of 2025, according to a statement Tuesday. Unlike prior agreements where prices are locked in, Piedmont’s deal with Tesla relies on a floating mechanism based on market prices, according to the statement.
Some companies which were previously considering Europe for lithium-ion gigafactory projects are now looking to the US instead, executives working in site selection and design have told Energy-Storage.news.
As Energy-Storage.news has written extensively, over the course of 2022 the picture changed significantly for Europe and the US’ respective gigafactory investment climates.
RENO, Nev. (AP) — A high-stakes, yearslong legal battle over a huge lithium mine planned in Nevada resumes Thursday with arguments from lawyers for the mining company, the U.S. agency that approved it and the rancher, tribes and conservationists fighting the project.
U.S. District Judge Miranda Du has refused twice over the past year to grant temporary injunctions sought by tribal leaders who say the mine site is on sacred land where their ancestors were massacred by the U.S. Cavalry in 1865.
https://www.cbc.ca/news/canada/sudbury/
The Onaping Depth project will be 2,500 metres below the existing Craig Mine
To extend its Sudbury, Ont., mining operations to 2040, Glencore plans to go very deep underground. The mining giant expects its $1.3-billion Onaping Depth project to be fully operational by 2025.
The new mine is being built around 2,500 metres below the former Craig Mine, which shut down in 2009.
Car industry has earmarked billions for EV projects—much of it directed to the South
The U.S. auto industry is entering one of its biggest factory-building booms in years, a surge of spending largely driven by the shift to electric vehicles and new federal subsidies aimed at boosting U.S. battery manufacturing.
Through November, about $33 billion in new auto-factory investment has been pledged in the U.S., including money for the construction of new assembly plants and battery-making facilities, according to the Center for Automotive Research, a nonprofit organization based in Michigan.
https://www.theepochtimes.com/
A revealing podcast has again brought to light the problem of slavery at Chinese Communist Party (CCP)-owned cobalt mines in the Congo and the hypocrisy of green energy advocates.
Siddharth Kara, author of Cobalt Red: How The Blood of The Congo Powers Our Lives and a visiting Harvard professor, told his host Joe Rogan about his research and findings after his visit to the mines in the Democratic Republic of The Congo (DRC). He explained to Rogan the brutal connection between lithium battery powered devices and their source of origin in the CCP-controlled cobalt mines.
Chinese companies that have made multimillion-dollar acquisitions in Zimbabwe will have to build lithium processing plants after the southern African nation banned the export of the metal in its raw form.
Companies must either set up local processing plants or provide proof of exceptional circumstances – and receive written permission from the government – before lithium can leave the country.
Electric Vehicle (EV) sales have seen considerable growth in recent years, reaching 9.4% of global passenger vehicle penetration in 2021, and expected to triple by 2026. S&P Global Commodities Insights estimate EV sales to grow by a compounded growth rate of over 28% over this period.
A consequence of this, battery materials have quickly become critical to the automotive supply chain with major companies establishing partnerships with both battery cell manufacturers and miners of the raw material.
A shareholder rift over millions of dollars in executive pay at Snow Lake Resources (NASDAQ: LITM) is rattling the explorer’s plans to develop a lithium project in northwest Manitoba.
Management postponed a shareholder’s meeting today until January after an investors’ group that controls 42% of the company said it would try to vote out chief executive officer Philip Gross, chief operating officer Derek Knight and chief financial officer Mario Miranda.
Over a decade, they’ve poured upwards of $14 billion into two ore-rich islands to lock in supplies for battery production.
ABOUT 3,000 miles south of Beijing, Chinese mining companies have set up operations in the heart of the world’s largest known nickel reserves. On the Indonesian islands of Sulawesi and Halmahera, they’ve built refineries, smelters, a new metallurgy school-even a nickel museum.
Together, they’ve plowed US$3.2 billion into the remote islands this year alone, bringing the total to US$14.2 billion in investment over the past 10 years-enough to secure their nickel supply into the next decade.
https://www.indigenoussuccess.ca/
New study shows 54 percent of global mining projects are located on Indigenous territories. Finding a collaborative path forward has never been more important.
What happens when the energy transition and Indigenous rights collide? The transition to a low-emissions, electrified future requires vast quantities of minerals, including lithium, copper and iron. However, a new study found that 54 percent of mining projects for these transition minerals are located on or near Indigenous peoples’ lands.
According to The Conversation, 85 percent of the world’s lithium, 75 percent of magnesium, 66 percent of copper and 57 percent of nickel reserves overlap with Indigenous peoples’ lands. As demand for these minerals is projected to grow significantly in the coming years, it is important that Indigenous peoples have a say in where and how they are extracted. Charting a collaborative path forward is critical.
It’s Rio Tinto’s turn to pull out the chequebook and summon a beauty parade, after BHP’s move on OZ Minerals. The big miner broke tradition this week when it took analysts through its technical backroom in Melbourne’s Bundoora and, in particular, talked up its lithium ambitions.
Knowing Rio’s on the prowl with its $15 billion cash wad (and more coming thanks to its huge free cash flow, with analysts tipping close to $US20 billion this year), resources investors and executives spent Wednesday trying different companies for a fit.
https://www.theglobeandmail.com/
To steal a phrase from supermodel Linda Evangelista, who wouldn’t wake up for photo shoots that paid less than $10,000 a day, investment bankers at global platforms such as RBC Capital Markets and Goldman Sachs Group Inc. don’t typically get out of bed to split a $1-million fee.
Yet RBC and Goldman – firms built for billion-dollar financings – put their muscle and brands behind a $23-million stock sale last month for junior miner Frontier Lithium Inc. The bought deal, initially pitched as a $20-million offering then upsized because of investor demand, earned the two lead dealers and four other banks just $1.1-million.
