The following is based on an article in yesterday’s Financial Review Digital Edition. While investors scout for potential winners among lithium and nickel plays, an ASX-listed rare earths miner is on the cusp of cashing into the looming growth in the electric vehicles market. Eight years after it was first considered as a greenfield exploration[…]
Tesla has closed a deal with Australia’s Kidman Resources for lithium on an initial three-year term and on a “fixed-price take-or-pay basis” from the first product delivery. Kidman recently chose a site to develop a lithium processing plant in Kwinana, Western Australia, with its joint venture partner Sociedad Quimica y Minera de Chile (SQM) to[…]
Afarak Group Oyj of Finland reports that it has bought Serbian magnesia products company Magnohrom for €1 million ($1.2 million). Afarak said it has acquired Magnohrom’s operations and mining rights for magnesite mines with confirmed reserves of over 4 Mt of ore. Roskill view: “Integrated production of up to 72,000 t/y magnesite, 40,000 t/y dead[…]
Tianqi Lithium will buy Nutrien’s 24% stake in SQM, held in series A shares, for $4 billion, taking its share in the Chilean lithium, potash, iodine and speciality chemicals producer to 26% following the purchase of 2% from a US-based asset manager in 2016. Tianqi had an option on another 7% of shares, secured at[…]
Peak Resources reports that the Planning Permission for the planned rare earth separation plant in the UK has been granted by the Redcar and Cleveland Borough Council. The permission is a substantial milestone in the development of the Teesside Refinery and the primary regulatory hurdle required to allow the construction of the plant. The receipt[…]
Australian-based lithium-boron mine developer Global Geoscience Ltd has announced the results of the first phase of the PFS for the 100%-owned Rhyolite Ridge lithium-boron project in Nevada, USA. The critical trade-off studies demonstrate a clear path forward for the project, and highlight the potential for Rhyolite Ridge to be a major, low-cost producer of lithium[…]
Xiana Mining Inc has entered into a definitive agreement with subsidiaries of Glencore plc to acquire 100% of Minera Altos De Punitaqui (MAP), a producing copper-gold operation in Chile. Commenting on the MAP Acquisition, Carlos Ballon, Chairman & CEO said: “MAP is an excellent cornerstone asset for Xiana which combines an existing copper and gold[…]
Heron Resources has announced the award of two contracts relating to the provision of equipment supply and mining services for the reclamation of tailings for reprocessing at its wholly owned Woodlawn Zinc-Copper Project in New South Wales, Australia, which is currently under construction and due to commence commissioning at the end of 2018: Award of mining[…]
After months of development work and consultation with MICROMINE’s global client base, Micromine 2018 was released in March this year and includes a range of exciting new features and enhancements to help improve the mine planning process. Micromine 2018 is the market leading exploration and mine design solution offering integrated tools to provide users with[…]
Foresight Intelligence, a data analytics software provider, has launched a mobile app for its newest product, Fleet Intelligence, a management product for heavy equipment fleets. The app was developed in response to a customer request and was brought to market in less than 30 days. This is an exciting enhancement for our Fleet Intelligence customers,”[…]