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Critical Minerals News

Global gold mining major highlights academic partnership with South Africa’s Fort Hare 

By: Martin Creamer     21st June 2024 The University of Fort Hare, where the offspring of mineworkers were the first graduates, has agreed a R12.5-million, initial ten-year academic partnership with gold mining major AngloGold Ashanti, which no longer mines in this country and is now domiciled in London. Fort Hare is the university... 

SQM to join Talga in Swedish lithium project

By: Mariaan Webb     21st June 2024 Battery materials and technology company Talga Group has entered into an earn-in agreement with lithium miner Sociedad Química y Minera de Chile (SQ) over the Aero project, in Sweden. Under the agreement, Talga has granted SQM the right to sole fund exploration expenditure of up to $19-million... 

S America changing tack for in-demand minerals

By: Lumkile Nkomfe      21st June 2024 An emerging trend in Latin America, and South America in general, is the shift from mining certain commodities to mining commodities that are more critical for the energy transition, such as copper, reports field research professional services firm Southern Pulse founder and managing partner... 

A generic image of an opencast mine
MARKET RIPE FOR IN-DEMAND MINERALS Emerging market trends indicate that there is a growing appetite for key minerals to facilitate the global energy transition

Major focuses on regional sustainability

By: Lumkile Nkomfe      21st June 2024 Amid an increased focus on the clean energy transition, diversified mining group Anglo American highlights sustainability as an integral aspect of how it operates and that the company goes to great lengths to understand the full impact of its strategic decisions in this regard. “Underpinning our... 

An image of the Quellaveco copper mine
NECESSARY OBJECTIVES Environmental sustainability epitomises mining major's overarching strategy in South America

Green copper, vapour refining envisaged at Orion’s Northern Cape base metals mines 

By: Martin Creamer     20th June 2024 Green copper and clean smelting and refining are envisaged at Orion Minerals’ quickly advancing base metals mines in South Africa’s well-endowed Northern Cape province, which has historically produced 2.5-millon tons of copper until base metal mining ceased there several decades ago. The fully... 

This Prieska mine chamber was blasted in the 1970s.
Photo by Creamer Media
This Prieska mine chamber was blasted in the 1970s.

Europe’s EV battery plans fade on China price war, US subsidies

By: Bloomberg     20th June 2024 In 2019, France and Germany agreed to pump billions of euros into a plan to boost Europe’s battery industry and catch up with China and the US. Five years later, that effort is running out of steam. As electric-vehicle sales slow, companies including Volkswagen, Stellantis and Mercedes-Benz are... 

Europe’s EV battery plans fade on China price war, US subsidies

Dutch miner AMG buys into Portuguese lithium project

By: Reuters     20th June 2024 Dutch miner AMG has acquired a 15.77% stake in London-based Savannah Resources to become the largest shareholder in the company that is developing a lithium project in northern Portugal, the companies said on Thursday. Savannah CEO Emanuel Proenca said the £16-million investment represented a... 

Dutch miner AMG buys into Portuguese lithium project

Construction of South Star’s Brazil graphite mine nearing completion

By: Creamer Media Reporter      20th June 2024 Canada-listed South Star is gearing up for production from the Phase 1 plant of its flagship Santa Cruz graphite mine, in Brazil, to start in the coming weeks. Construction of the 1 000 t/m plant will be completed this month, followed by an estimated six weeks of commissioning and ramp-up. 

South Africa now a compelling world investment story, upbeat Orion highlights 

By: Martin Creamer     19th June 2024 “The sun is finally shining on us,” an upbeat Orion Minerals CEO Errol Smart enthused during an Australia/South Africa webinar on Wednesday, when he outlined how South Africa has become one of the world’s most compelling short-term investment stories. Predicting that this country's investment... 

Errol Smart
Orion Minerals webinar covered by Mining Weekly's Martin Creamer. Video: Darlene Creamer

Infinity Lithium’s San Jose project declared of regional interest

By: Mariaan Webb     19th June 2024 The regional government of Extremadura, Spain, has awarded Premia status to Infinity Lithium’s San José, streamlining the permitting process for the lithium venture. The ASX-listed company’s project is now recognised as one of regional and general interest, expediting its progression through... 

Infinity Lithium’s San Jose project declared of regional interest

China is building Europe battery supply in Morocco, VW unit says

By: Bloomberg     19th June 2024 China is building a battery supply chain for Europe in Morocco, as the continent struggles to develop its own industry to feed electric-car manufacturing, PowerCo’s operations head said. “We don’t have any supply chain. This has to be set up,” Sebastian Wolf, chief operating officer for... 

Chile lithium projects garner interest from over 50 companies

By: Reuters     19th June 2024 More than 50 companies have expressed interest in developing lithium projects in Chile, Finance Minister Mario Marcel said on Tuesday, after the government called for proposals for a range of salt flats containing the battery metal. Chile, the world's largest copper producer, called for... 

Chile lithium projects garner interest from over 50 companies

Cluff Africa signs agreement to acquire Zimbabwe lithium permits

By: Schalk Burger     18th June 2024 UK-based mineral resources investment company Cluff Africa has signed a term sheet with Zimbabwe sovereign wealth fund, Mutapa Investment Fund, to acquire 45% in the Sandawana mining permits. This agreement marks the conclusion of a due diligence process. Cluff Africa plans to launch a reverse... 

Coal India exploring lithium assets in Argentina with US company, says source

By: Reuters     18th June 2024 State-run Coal India Limited is exploring lithium blocks in Argentina along with a US company to secure supplies of the battery material, an Indian source with direct knowledge said on Tuesday. The efforts are part of India's membership under the US-led Minerals Security Partnership (MSP), which... 

China-Australia critical mineral tensions in spotlight as Li Qiang visits Perth

By: Bloomberg     18th June 2024 The gulf between Beijing and Canberra over Chinese investment in Australia’s critical minerals industry is expected to take center-stage on the final day of Premier Li Qiang’s visit, when he joins Prime Minister Anthony Albanese in the western mining capital of Perth. Australia is the world’s... 

Chinese Premier Li Qiang's visit to Australia
Chinese Premier Li Qiang's visit to Australia

Chile says Saudi Mining Minister to visit, lithium expected on agenda

By: Reuters     18th June 2024 Chile's government said on Saturday that Saudi Arabia's Mining Minister will travel to the Latin American country in July and plans to meet with his counterpart in Santiago. Saudi Minister of Industry and Mineral Resources Bandar Alkhorayef told Reuters in March the kingdom was interested in... 

Gecamines threatens to intervene in sale of cobalt firm

By: Bloomberg     18th June 2024 The Democratic Republic of Congo’s state miner said it will need to approve any acquisition of cobalt producer Chemaf Resources if the new owner wants to take over a key mining permit. Chemaf put itself up for sale in September and, although it said in March the process was in its “final stage,”... 

Gecamines threatens to intervene in sale of cobalt firm

Tesla shareholders vote no on deep sea mining moratorium

By: Bloomberg     18th June 2024 Tesla Inc. investors agreed to Elon Musk’s $56-billion pay package on Thursday, but declined to agree to a moratorium on sourcing electric vehicle battery metals from deep sea ecosystems. Activist investors had pushed the carmaker to join other industry leaders in considering the impacts of deep... 

Canada blocks Chinese rare earths deal in Trudeau-led crackdown

By: Bloomberg     18th June 2024 Canada’s government will buy stockpiled rare earth materials from Vital Metals in a deal that prevents the company from selling its production to a Chinese buyer. The small Australian firm, which mines rare earths in Canada’s Northwest Territories, will sell its stockpiled rare earth material to... 

Canada blocks Chinese rare earths deal in Trudeau-led crackdown

Mali greenlights Leo’s exit from Goulamina lithium project 

By: Creamer Media Reporter      14th June 2024 ASX-listed Leo Lithium has received conditional approval from the Mali government for the sale of its remaining 40% stake in Mali Lithium BV (MLBV) to China’s Ganfeng, a critical step in the company’s exit from the Goulamina lithium project. Leo announced last month that it had agreed to sell... 

Mali greenlights Leo’s exit from Goulamina lithium project

REE explorer Resouro lists on ASX

By: Mariaan Webb     14th June 2024 Canada-based, Brazil-focused Resouro Strategic Minerals on Friday started trading on the ASX in Sydney, following a A$8-million public initial offering (IPO). Resouro raised the cash by issuing 16-million CDIs at A$0.50 each, with a ratio of one CDI for one share, resulting in a post-IPO market... 

REE explorer Resouro lists on ASX

Second Australian rare earths producer suffers cyber attack

By: Bloomberg     14th June 2024 Iluka Resources has become the second Australian rare earths miner to suffer a cyber attack in recent months, although the hackers weren’t able to penetrate its cybersecurity protections. The denial-of-service attack was intended to disrupt Iluka’s external website, according to a statement from... 

Second Australian rare earths producer suffers cyber attack

NextSource inks $91m mandate letter to fund Madagascar graphite expansion

By: Mariaan Webb     13th June 2024 Battery metals supplier NextSource Materials on Thursday announced the signing of a mandate letter with the International Finance Corporation (IFC) to fund the expansion of the Molo graphite mine, in Madagascar. The company is planning a large-scale expansion of the Molo mine and processing... 

NextSource inks $91m mandate letter to fund Madagascar graphite expansion

Copper 360 on home straight to produce quite a bit of cash, CEO reports  

By: Martin Creamer     13th June 2024 Copper mining and marketing company Copper 360 is on the home straight to produce quite a bit of cash by financial year end. That was the main takeaway from Mining Weekly’s post-results Zoom interview with the head of the only pure copper play listed on the Johannesburg Stock Exchange (JSE). 

Mining activity at Copper 360.
Copper 360 CEO Jan Nelson interviewed by Mining Weekly's Martin Creamer. Video:Darlene Creamer.

Environmental studies show Serbian lithium project is safe, Rio says

By: Reuters     13th June 2024 Anglo-Australian miner Rio Tinto said on Thursday newly published environmental studies showed that its Serbia lithium project, which was stopped in 2022 after massive protests, would be safe for the environment. If implemented, the $2.4-billion Jadar lithium project in Western Serbia could... 

Environmental studies at Jadar, Serbia
Environmental studies at Jadar, Serbia

Global nickel prices have probably hit a floor, says Macquarie

By: Reuters     13th June 2024 Global nickel prices may have hit a floor, according to a Macquarie analyst who sees a market recovery driven by strong demand from the steel sector and as a surplus of ore supplies shrinks after Indonesia slowed production permits. "Our belief is that we've seen the bottom, we've seen the... 

Global nickel prices have probably hit a floor, says Macquarie

Brazilian Rare Earths raises A$80m in discounted offering

By: Mariaan Webb     13th June 2024 Exploration company Brazilian Rare Earths (BRE) has successfully raised A$80-million in a discounted A$3.30-a-share placement. The proceeds from the placement will be used to accelerate exploration and development at the Monte Alto, Sulista and Pele rare earth projects, including drilling,... 

Brazilian Rare Earths raises A$80m in discounted offering

Lithium Australia inks offtake deal with South Korean battery recycler

By: Creamer Media Reporter      13th June 2024 ASX-listed Lithium Australia on Thursday announced a three-year mixed-metal dust (MMD) offtake agreement with South Korean battery recycler SungEel HiTech. SungEel will purchase at least 60% of Lithium Australia’s yearly MMD production over three years. 

Reserve Bank concern about decline of public markets welcome development – Miller  

By: Martin Creamer     12th June 2024 The concern that South Africa’s Reserve Bank expressed last week on the state of this country’s public markets is seen as a welcome development by AmaranthCX director and public market promoter Paul Miller. Everything the Johannesburg Stock Exchange (JSE) has done has not been enough to change... 

AmaranthCX director Paul Miller.
AmaranthCX director Paul Miller interviewed by Mining Weekly's Martin Creamer. Video: Darlene Creamer.

TMC produces cobalt sulphate from seafloor polymetallic nodules

By: Creamer Media Reporter      12th June 2024 Nasdaq-listed critical minerals company TMC on Wednesday announced the successful production of cobalt sulphate derived exclusively from seafloor polymetallic nodules. The milestone was achieved during bench-scale testing of TMC’s hydrometallurgical flowsheet design in collaboration with SGS... 

Nodules being inspected
Nodules being inspected

Australia ‘not naive’ on China as Li visit looms, Chalmers says

By: Bloomberg     12th June 2024 Australia is realistic about the challenges in its diplomatic relationship with Beijing, Treasurer Jim Chalmers said, as the country prepares for the first visit by a Chinese Premier in more than seven years. While ties between the trading partners had been on a “steadier footing” over the past... 

Australian Treasurer Jim Chalmers
Australian Treasurer Jim Chalmers

Artificial intelligence used to eliminate need for rare earths in permanent magnets 

By: Martin Creamer     11th June 2024 Discovering new materials has historically been slow. Now artificial intelligence (AI) is making it possible to discover a material entirely computationally and have that verified experimentally. An example of this is AI being used to create a permanent magnet that does not contain any rare earth... 

Development of rare earth-free permanent magnets.
Materials Nexus CTO Robert Forrest interviewed by Mining Weekly's Martin Creamer. Video: Darlene Creamer.

South Africa’s quickly advancing Copper 360 is guiding sharp 2025 revenue rise  

By: Martin Creamer     11th June 2024 The revenue of South Africa’s quickly advancing Northern Cape copper mining company Copper 360, the only pure copper play on the Johannesburg Stock Exchange, is forecast by the company to have risen sharply by the end of February next year. The AltX-listed company headed by CEO Jan Nelson, is... 

Copper 360 CEO Jan Nelson.
Copper 360 annual results presentation covered by Mining Weekly's Martin Creamer. Video: Darlene Creamer.

Canadian govt invests C$10m in Ontario critical mineral projects

By: Mariaan Webb     11th June 2024 Energy and Natural Resources Minister Jonathan Wilkinson on Monday announced two investments of C$5-million each to support the critical minerals sector in Canada, specifically in northern Ontario. The funding recipients are the Mining Innovation Rehabilitation and Applied Research Corporation... 

Energy Fuels achieves commercial production of separated rare earths at White Mesa

By: Mariaan Webb     11th June 2024 Uranium and rare earths elements (REEs) producer Energy Fuels has begun commercial production of separated neodymium-praseodymium (NdPr) at its White Mesa mill, in Utah. This marks a milestone, bringing back the production of separated REEs back to the US after several decades. 

The White Mesa mill
The White Mesa mill

Canada expands critical minerals list to 34

By: Mariaan Webb     11th June 2024 Energy and Natural Resources Minister Jonathan Wilkinson on Monday announced an expansion of Canada’s critical minerals list, adding high-purity iron, phosphorus, and silicon metal to the previously established 31 minerals. This update brings the total to 34 materials deemed essential for the... 

Energy and Natural Resources Minister Jonathan Wilkinson
Energy and Natural Resources Minister Jonathan Wilkinson

Critical Metals to buy controlling stake in Greenland REE mine

By: Creamer Media Reporter      10th June 2024 Nasdaq-listed Critical Metals has signed a binding heads of agreement to acquire a controlling interest in the Tanbreez rare earth mine, in Greenland, from a company controlled by geologist Gregory Barnes. The Tanbreez project is a permitted critical minerals asset positioned to unlock a... 

Critical Metals to buy controlling stake in Greenland REE mine
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