Monthly Archives: June 2016

Graphite rush intensifying

JOHANNESBURG (miningweekly.com) – Verification by Armadale of high-grade graphite in Tanzania came hot on the heels of Australian graphite developer Syrah Resources raising A$194-million for its Balama graphite project in Mozambique and smaller Volt Resources, with the Namangale graphite project in Tanzania, announcing a $4-million placement. London Aim-quoted Armadale reported graphite mineralisation of up to 33.8% from rock chip samples taken from the Mahenge Liandu graphite project in south-east Tanzania, which it is in … Continue reading

Posted in Metal Marketing, Mining, News | Comments Off

Cuban Nickel industry looking to US for new opportunities

Cuban nickel, one of the island’s chief sources of revenue, faces some tough challenges in its need for efficiency and in its search for foreign partners to drive an industry weakened by the mineral’s ebbing international prices – but has great hopes that the nation’s new relations with the United States will bring great opportunities. Cuba is among the world’s top producers of the mineral, with an industry concentrated in the town of Moa, … Continue reading

Posted in Metal Marketing, Mining, News | Comments Off

Vale seeks definitive solution for NewCaledonia nickel project; optimising Canadian operations

A definitive solution for Vale’s loss-making Vale New Caledonia (VNC) nickel project could involve keeping the operation as it currently is, as long as costs are brought down to a sustainable level. “We have been analysing [our] options [of] selling it, partially selling it or maintaining the operation,” Vale’s investor relations and controllership director Rogério Nogueira said on Thursday June 16. While no decision has been taken, a “definitive solution could even be the … Continue reading

Posted in Metal Marketing, Mining, News | Comments Off

Vale sees Nickel market in 50,000 tonne deficit in 2016; prices will recover slowly

Brazilian diversified miner Vale expects the nickel market to register a deficit of 50,000 tonnes in 2016, but sees prices recovering gradually given the high levels of exchange-bonded inventories. “This will be the first year of deficit [for nickel] after five years of small surpluses,” Vale investor relations and controllership director Rogério Nogueira said on Thursday June 16. Vale, the world’s largest nickel producer, expects global supply to decline by 5% in 2016, to … Continue reading

Posted in Metal Marketing, Mining, News | Comments Off

As lithium demand rises, investors sharpen focus on Chile, Argentina and Bolivia

TORONTO (miningweekly.com) – In line with the breakneck growth in lithium demand, driven by the unprecedented use of the soft, silver-white metal in new battery technologies, investors are increasingly scrutinising South American countries such as Bolivia, Chile and Argentina, where about 70% of the world’s known lithium deposits are found, to ascertain investment stability. Despite various market analysts contesting the pace at which lithium demand was growing, London-based risk management consultancy PGI Intelligence believed … Continue reading

Posted in Metal Marketing, Mining, News | Comments Off

Nalco, MIDHANI plan to set up Lithium-Aluminium alloy plant

BHUBANESWAR: State-owned aluminium maker National Aluminium Company (Nalco) and the Defence Ministry’s Mishra Dhatu Nigam Ltd (MIDHANI) are in talks to set up an aluminium-lithium alloy plant. Lithium is the hottest metal today, with its demand underlined by the Space X and Tesla ventures of maverick entrepreneur Elon Musk. Lithium-aluminium alloys meet the extremely strong but very light properties required for spacecraft and high-performance Tesla batteries. The tanks of freezing liquid hydrogen and liquid … Continue reading

Posted in Metal Marketing, Mining, News | Comments Off

Scientists make Battery Electrodes from waste eggshells

(a) Photo of the experimental setup using an eggshell as a reactor. (b) Illustration of the reactor system. Credit: Meng et al. ©2016 American Chemical Society (Phys.org)—Americans consume 76 billion eggs per year, and while some of the eggshell waste is used for fertilizer or dietary supplements, the majority of these eggshells are thrown away. In a new study, researchers at Wayne State University in Detroit have developed a method to recycle eggshells, using … Continue reading

Posted in Metal Marketing, Mining, News | Comments Off

Construction of Indonesia’s largest Coal power plant begins

JAKARTA — The construction of a coal-fired power plant that could become the largest in Indonesia is finally set to kick off, after years of delays due to land acquisition and legal problems. The Japanese-Indonesian consortium that won the project, Bhimasena Power Indonesia, on Wednesday said it had completed the financing for the 2×1 gigawatts power project in Batang district, Central Java province. “After the financial close, construction of the power plant should immediately … Continue reading

Posted in Metal Marketing, Mining, News | Comments Off

ElectricVehicles to power Cobalt revival

Electric car sales could top 17 mln in 2030 Additional refining capacity to be built in China China’s SRB buying cobalt metal U.S. DLA buying cobalt chemical compounds By Pratima Desai LONDON, June 8 Cobalt prices may be on the threshold of a major revival due to flourishing demand for the mineral, a key component of lithium-ion batteries used in electric cars. Prices for cobalt metal COB-CATH-LON are expected to rise 45 percent to … Continue reading

Posted in Metal Marketing, Mining, News | Comments Off

BHP Billiton to sell Indonesian met Coal stake to Adaro

Melbourne (Platts)–7 Jun 2016 517 am EDT/917 GMT BHP Billiton said Tuesday it has agreed to sell its 75% stake in the IndoMet metallurgical coal project in Indonesia to its joint venture partner Alam Tri Abadi, or Adaro. IndoMet coal president James Palmer said a review of the project, located in Central and East Kalimantan, found that a larger scale development was possible. But BHP preferred to focus on a range of other, “more … Continue reading

Posted in Metal Marketing, Mining, News | Comments Off