Monthly Archives: February 2017

Sherritt considering full exit from Madagascar mine project to reduce debt

After months of negotiations with its partners, Sherritt International Corp. is still considering a complete exit from its costly joint venture in Madagascar as it struggles to reduce its huge debt burden. The Toronto-based company owns 40 per cent of the Ambatovy nickel and cobalt mine in Madagascar, which cost more than $5-billion (U.S.) to develop. Last year, it announced a $1.6-billion (Canadian) writedown of the value of its stake in the mine, where … Continue reading

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Bolivia steps up efforts to monetize Lithium resources

The Bolivian government plans to set up a state lithium mining company, part of President Evo Morales’ bid to industrialize the Andean country’s commodities-dependent economy. A bill due for debate authorizes the government to form Empresa Pública Nacional Estratégica de Recursos Evaporíticos, which would replace state mining company Comibol’s lithium division known as GNRE, Comibol said in a statement on its website. The new company will have the power to sign JV contracts with … Continue reading

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Bloomberg: lencore Buys Out Billionaire With $1 Billion Congo Deal

Glencore to pay Gertler’s Fleurette group $534 million in cash Cobalt prices are soaring on demand for rechargeable batteries Glencore Plc agreed to a $960 million deal that will boost ownership of two giant Congolese cobalt and copper mines, and sever its ties with controversial Israeli billionaire Dan Gertler. For Glencore, the deal achieves two things: greater control of key assets at a time of booming copper and cobalt prices and a parting of … Continue reading

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Sergey Sall, a physicist: ”If we adopt these technologies, need for oil and gas will be reduced tenfold”

Power generating systems that do not require gas or oil fuel, in other words, any energy, but they produce energy themselves… Sounds fantastic. However, such plants have already been developed, tested and patented by scientists from different countries. For example, car engines running on this system do not require refuelling with gasoline or any other fuel, and it is quite easy to assemble them. If these discoveries promise such great benefit to the world, … Continue reading

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iPhone 8 Leak Reveals Apple’s Expensive Secrets

2017 is the year the iPhone gets a major upgrade. We already know about its radical redesign, but now there are further details on what could be its most significant new feature – and the additional cost it brings… The source is none other than KGI Securities’ Ming-Chi Kuo (famously dubbed “the best Apple AAPL -0.22% analyst on the planet”). In a new report obtained by 9to5Mac, Kuo says Apple will finally introduce wireless … Continue reading

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Russian-Born Billionaire’s Group Bids on Mountain Pass Rare Earths Mine

California’s Mountain Pass mine, the sole significant developed source for rare earths elements in the U.S., will go on the auction block in March, according to papers filed in late January in the U.S. Bankruptcy Court in Wilmington, Del. Two-Month Trial: Metal Buying Outlook Up for sale is land and some equipment at the mine which cost former owner Molycorp, Inc. roughly $1 billion to develop, according to the court. Mineral rights at the … Continue reading

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Electric Car Showdown: China And Tesla Scramble For Cobalt and Lithium Supply

VANCOUVER, BC / ACCESSWIRE / February 9, 2017 / As China moves stealthily on the world’s cobalt and lithium supplies to feed an unprecedented US$360-billion renewable energy push, watch what happens next in Chile, where Chinese investors are talking about a mega $2-billion battery factory to rival Tesla. Tesla in January switched on the power at its Nevada battery gigafactory—and we’re just getting started here. Battery factories are popping up all over Europe as … Continue reading

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Molten salt reactor research develops class of alloys from Nickel and Molybdenum powders

Australian and Chinese researchers have made progress in understanding the mechanical properties of a new class of materials for use in molten salt reactors (MSRs). The Australian Nuclear Science and Technology Organisation (Ansto) said yesterday that NiMo-SiC alloys – prepared from nickel molybdenum metal powders with added silicon carbide particles – have superior corrosion resistance and radiation damage resistance. Although there are no commercial MSRs in operation, there is an MSR and thorium energy … Continue reading

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Dropping the carbon from a key battery component could enable long-life, low-cost renewable energy storage

Zinc-air batteries are one of the most promising solutions for the large-scale storage of intermittently-generated renewable electricity from solar, wind or tidal: they are non-flammable, inexpensive and with a very high energy density. But the lifetime of current zinc-air devices is far too short to be commercially viable, because oxygen attacks and corrodes their carbon-based components. Researchers at A*STAR have now developed a carbon-free version of one of the battery’s key components, the oxygen … Continue reading

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Mimicking nature’s cellular architectures via 3D Printing

Nature does amazing things with limited design materials. Grass, for example, can support its own weight, resist strong wind loads, and recover after being compressed. The plant’s hardiness comes from a combination of its hollow, tubular macrostructure and porous microstructure. These architectural features work together to give grass its robust mechanical properties. Harvard and MIT researchers 3-D printed lightweight hexagonal and triangular honeycombs (pictured here), with tunable geometry, density, and stiffness using a ceramic … Continue reading

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