Lithium – Page 4 – Republic of Mining

The Salton Sea has even more lithium than previously thought, new report finds – by Sammy Roth (Los Angeles – November 28, 2023)

November 30, 2023

https://www.latimes.com/

Want to produce a huge amount of lithium for electric vehicle batteries — and also batteries that keep our homes powered after sundown — without causing the environmental destruction that lithium extraction often entails? Then the Salton Sea may be your jam.

Companies big and small have been swarming California’s largest lake for years, trying to find a cost-effective way to pull out the lithium dissolved in scorching hot fluid deep beneath the lake’s southern end. Now a new federal analysis suggests even more of the valuable metal is buried down there than we previously understood.

Mining tycoons battle over lithium’s ‘corridor of power’ in Australia – by Nic Fildes and Harry Dempsey (Financial Times – November 26, 2023)

November 27, 2023

https://www.ft.com/

Local billionaires disrupt consolidation as industry positions itself for boom in mineral vital to electric cars

The vast tracts of desert in Western Australia, which have yielded gold, nickel and iron ore to prospectors in decades past, have now become a major battleground for miners of lithium, a key raw material for batteries as the world transitions to greener energy.

A struggle for control of the resource has been ignited this year as multinational companies have clashed with Australian mining billionaires over a series of takeover attempts in two of the remotest parts of the state.

Giant Lithium Deposit in Democratic Republic of Congo Sparks Boardroom Battle – by William Clowes, Annie Lee and Michael J. Kavanagh (Bloomberg News – November 22, 2023)

November 22, 2023November 22, 2023

https://www.bnnbloomberg.ca/

(Bloomberg) — A battle over control of a massive untapped lithium deposit shifted gear as AVZ Minerals Ltd.’s biggest shareholder signaled it will support the ouster of the Australian miner’s board.

The Manono project in the Democratic Republic of Congo has the potential to be one of the world’s largest sources of the battery metal but, after acquiring exploration rights seven years ago, AVZ has found itself locked in lawsuits and arbitration against its partners and the Congolese government.

Q&A: How to create a sustainable lithium supply chain for a carbon-neutral world? (Politico Europe – November 20, 2023)

November 20, 2023

https://www.politico.eu/

As the world races to electrify and reduce carbon emissions, demand for the silvery-white alkali metal is skyrocketing.

Chile’s Atacama Desert hides a precious secret—salt flats packed with lithium, a key component in the batteries that power electric vehicles and other gamechanging green technologies. Striving to meet this demand, mining companies are converging on the “lithium triangle” spanning Chile, Argentina and Bolivia. Deposits are abundant, but extracting them sustainably remains a challenge. The possible impact of lithium production on the local environment and neighboring communities are relevant concerns that must be taken into consideration.

SQM, the world’s largest lithium producer by volume with more than 25 years of experience in lithium production in Chile’s Salar de Atacama region, has continuously improved production processes, adapted technologies and strengthened its cooperation with local communities in order to respond to those concerns.

Nipigon lithium companies look to partner for exploration and production – by Ian Ross (Northern Ontario Business – November 15, 2023)

November 17, 2023

https://www.northernontariobusiness.com/

Rock Tech, Imagine Lithium see ‘synergies’ in teaming up to feed proposed North Shore refinery

Some consolidation could be in the cards for two lithium explorers near Lake Nipigon. Rock Tech Lithium, the promoter of a lithium refinery on the north shore of Lake Superior, has inked a memorandum of understanding with its exploration neighbour, Imagine Lithium, to team up and collectively bring their properties into production.

That partnership could come in the form of a merger and acquisition arrangement, a commercial partnership, and joint development of their respective projects.

Judge rules against tribes in fight over Nevada lithium mine they say is near sacred massacre site – by Scott Sonner (Associated Press – November 16, 2023)

November 17, 2023

https://apnews.com/

RENO, Nev. (AP) — A federal judge in Nevada has dealt another legal setback to Native American tribes trying to halt construction of one of the biggest lithium mines in the world. U.S. District Judge Miranda Du granted the government’s motion to dismiss their claims the mine is being built illegally near the sacred site of an 1865 massacre along the Nevada-Oregon line.

But she said in last week’s order the three tribes suing the Bureau of Land Management deserve another chance to amend their complaint to try to prove the agency failed to adequately consult with them as required by the National Historic Preservation Act.

China’s lithium plants generate jobs in Zimbabwe, but expansion is pushing some locals out of their homes – by Jeffrey Moyo and Geoffrey York (Globe and Mail – November 16, 2023)

November 17, 2023November 17, 2023

https://www.theglobeandmail.com/

A thunderous explosion echoes through the Nora Valley, and a thick cloud of white and grey dust rises from the blast site at a lithium plant. At a nearby school, two students scream with shock and bolt for cover. At a teacher’s house, dust wafts from a widening crack above the entrance door.

Welcome to the Zimbabwean lithium boom. Lithium, a key component in batteries for electric vehicles, has become the fastest-growing industry in Zimbabwe, with Chinese companies investing billions of dollars in the mining and processing of what is sometimes called “white gold.” But along with the surging investment, there is growing controversy over the impact of the Chinese projects on communities and the environment.

Exxon Mobil Plans to Produce Lithium in Arkansas – by Clifford Krauss (New York Times – November 13, 2023)

November 14, 2023

https://www.nytimes.com/

The move is the oil giant’s first foray in the production of a metal vital for electric vehicle batteries.

Exxon Mobil said on Monday that it planned to set up a facility in Arkansas to produce lithium, a critical raw material for electric vehicles, which pose one of the biggest challenges to the company’s oil business.

Coming just a month after Exxon said it would spend $60 billion to buy Pioneer Natural Resources, the announcement signals that the large oil company intends to hedge its big bets on conventional fossil fuels with at least some investments in cleaner forms of energy that are needed to combat climate change.

Allkem and Livent bosses face down criticism of $16b lithium merger – by Brad Thompson and Anthony Macdonald (Australian Financial Review – November 12, 2023)

November 14, 2023

https://www.afr.com/

Senior executives at Allkem and Livent say investors are supportive of the $US10 billion ($16 billion) merger between the two mining groups despite increasing concerns that volatility in the lithium price is making the deal, struck in May, increasingly unattractive to the former’s shareholders.

Allkem managing director Martín Pérez de Solay and his Livent counterpart, Paul Graves, are in Australia to meet investors this week before a shareholder vote on the deal on December 19. There have been – so far limited, but growing – calls for the deal to be reconsidered, and it has been described by Jefferies analysts as a “cheap reverse acquisition of Allkem”.

Ganfeng Open to Mexico Venture to Revive Cancelled Lithium Mine – by Maya Averbuch and James Attwood (Bloomberg News – November 9, 2023)

November 14, 2023

https://www.bnnbloomberg.ca/

(Bloomberg) — Ganfeng Lithium Co. is open to forming a partnership with the Mexican government on a project that would turn the Latin American nation into a commercial producer of the battery metal and resolve a dispute over the asset.

While the Chinese firm is appealing the government’s August decision to cancel its concessions, an alternative is to form some kind of public-private partnership for a project valued at more than $1 billion, said the head of Ganfeng’s Bacanora Lithium unit. The suggestion comes as talks with Mexico’s government have stalled.

Sudbury’s Frontier Lithium secures $2 million to advance its processing technology – by Ian Ross (Northern Ontario Business – November 10, 2023)

November 14, 2023

https://www.northernontariobusiness.com/

Mining company scouring the region for site to place its lithium refinery

Despite some unexpected freakish fall weather, Sudbury’s Frontier Lithium had its day in the sun yesterday. The junior exploration company was the recipient of a $2-million grant from the Northern Ontario Heritage Fund (NOHFC) to further test out its lithium processing technology to complement its future mine project in northwestern Ontario.

Before touring Frontier’s new corporate headquarters, now under construction in the Val Caron industrial park, Premier Doug Ford, flanked by three Northern Ontario cabinet ministers, endured buffeting winds and a hail storm at an outdoor news conference, prompting Frontier’s president-CEO, Trevor Walker, to extend a “warm, Northern welcome to our premier,” eliciting a chuckle from chilled onlookers.

Ford in Sudbury to announce $4.1M for five mining projects – by Len Gillis (Sudbury.com – November 9, 2023)

November 10, 2023

https://www.sudbury.com/

Major announcement is $2.1 million for Frontier Lithium to develop a new lithium extraction method at its big deposit in Northwestern Ontario

Ontario Premier Doug Ford was in Sudbury with three of his cabinet ministers Nov. 9 to announce more than $4 million from the Northern Ontario Heritage Fund Corporation (NOHFC) to boost five mining supply and service projects.

The announcement was made amidst a cold and blustery late afternoon snow and hail outbreak at the Frontier Lithium yard in the Val Caron industrial park. Premier Ford was accompanied by Mines Minister George Pirie, Economic Development, Job Creation and Trade Minister Vic Fedeli, and Northern Development Minister Greg Rickford.

Fierce community opposition to copper, lithium projects threatens energy transition – by Editor (Mining.com – November 9, 2023)

November 9, 2023

https://www.mining.com/

Nationwide protests against mining projects are once again grabbing headlines amid a sweeping sense of urgency from governments and communities to gain greater control over minerals and metals that are essential for the transition to a low-carbon economy.

While nothing new, resource nationalism has ignited high-profile disputes in recent weeks, with First Quantum’s struggles in Panama and lithium miners’ in Portugal the two most radical examples.

Portuguese PM António Costa resigns over lithium deal probe – by Ana Nicolaci da Costa (British Broadcasting Corporation – November 7, 2023)

November 9, 2023

https://www.bbc.com/

Portuguese Prime Minister António Costa resigned after investigators searched his official residence in an inquiry into alleged corruption. He said he had not been named as a suspect but believed the inquiry was incompatible with staying in office.

Prosecutors said on Tuesday they were investigating concessions awarded for lithium mines and hydrogen production. They said detention warrants were issued for five people including Mr Costa’s chief of staff, Vítor Escária.

Alberta lithium fields lure investment from South Korea’s Posco Holdings – by Amanda Stephenson (Canadian Press/CBC Calgary – November 8, 2023)

November 9, 2023

https://www.cbc.ca/news/canada/calgary/

Memorandum of understanding signed with Crown corporation Invest Alberta

South Korean company Posco Holdings is considering investing in the exploration, development and commercialization of lithium in Alberta. The company — which is best known for steel production but also invests in minerals, energy and more — signed a memorandum of understanding this week with provincial Crown corporation Invest Alberta.

Under the terms of the agreement, Posco will begin exploring prospects for lithium investment in Alberta, while the province will support the Korean company’s ambitions by helping them navigate the acquisition of mining rights as well as regulatory and tax-structure requirements.