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nine_inch_nerd 22 juli 2021 14:59

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Deze vraag hier maar eens stellen...

quote:
nine_inch_nerd schreef op 22 juli 2021 12:11:
Geen Lithium, maar wel Ni-Cu en Cobalt:

Kan iemand zijn ervaring delen, wat dit zal betekenen als het aandeel weer verhandelbaar is?

Het betreft:
Jervois is a leading cobalt company with significant nickel and copper exposure, refinery assets and growth opportunities.
jervoisglobal.com

Dit is het traject sinds de laatste handelsdag 16/7/21:
19 Jul 2021 - Trading Halt
21 Jul 2021 - Suspension from Official Quotation
22 Jul 2021 - Application for quotation of securities - JRV
22 Jul 2021 - US$100M Bond Offering settles, purchase of ICO Camp

Ik begrijp dat een "bond offering" staat voor "geld ophalen bij investeerders voor een doel te bewerkstelligen op korte termijn".

Iedere hulp en kennisdeling is welkom. Bedankt.

nine_inch_nerd 23 juli 2021 01:03

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Cypress well-positioned in US lithium/EV supply chain
2021.07.22
According to the most recent report from Wood Mackenzie, mining companies will need to spend $1.7 trillion over the next 15 years, to supply enough lithium, graphite, cobalt, copper and nickel for the shift to a low-carbon world.
The commodities consultancy says meeting new emissions targets being set by countries like Canada, the US, Britain and Japan, will mean large-scale deployment of electric vehicles, renewable power and electrical transmission, all of which will require copious metal content.
Rising demand for lithium is stoking prices for the white metal, padding the bottom lines of large producers like Albemarle and Livent, but setting the table for a potential supply shortfall.

According to a recent article in The Northern Miner, lithium carbonate and hydroxide prices have climbed by 71% and 91% respectively this year, with prices expected to rise further then plateau as more supply comes online in 2021-22. Both are well supplied until 2025, but hydroxide could face a shortage by 2027 as demand for high-nickel chemistry rises.

The higher nickel content in industry-leading nickel-cobalt-manganese (NCM) batteries presents challenges to the battery’s stability. If the metals are used in either the 6-2-2 combination or the 8-1-1 ratio, the chemistry requires lithium hydroxide rather than lithium carbonate.

The future of lithium-ion batteries therefore envisions two key raw materials: nickel sulfate and lithium hydroxide.

Demand for lithium carbonate is expected to rise at a CAGR of 10-14% from 2018-27, while lithium hydroxide demand is seen climbing at a 25-29% CAGR. That change in demand, according to Argus Media, is prompting producers to expand their lithium hydroxide output and shifting mining projects towards developing lithium hydroxide production rather than lithium carbonate.

Resource companies like Cypress Development Corp., discussed further on, which have sizeable lithium deposits and the ability to make lithium hydroxide, are therefore poised to do well. They see themselves profiting from a lithium market segment that is expected to see high demand and potential shortfalls in coming years, especially in North America as the production of battery cells and electric vehicles ramps up.

aheadoftheherd.com/cypress-well-posit...

voda 26 juli 2021 08:10

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Rio Tinto Studying Underground Mine Potential at Kennecott Copper

Rio Tinto has approved a USD 108 million investment in underground development to enable early orebody access and undertake orebody characterisation studies for underground mining at the Kennecott copper operations in the United States. The investment builds on USD 25 million approved in early-2020 to complete a pre-feasibility study to determine the viability of underground mining operations at Kennecott. Potential underground mining would occur concurrently with open pit operations and result in increased copper output. Kennecott holds the potential for a significant and attractive underground development, with declared Mineral Resources of 20 million tonnes at 3.65% copper and 1.62 g/t gold1 with further upside potential based on drilling.

The feasibility study work will focus on gathering critical geological, geotechnical and hydrogeological data to inform Rio Tinto’s assessment of underground development options and is expected to be completed in 2024. Existing infrastructure from previous underground projects will be extended to access the North Rim Skarn orebody, allowing for the development of crosscuts and further drilling of the resource. The project includes approximately 15,000 feet (4,500 metres) of lateral development, 1,000 feet (300 metres) of vertical development and associated support infrastructure.

The project will also include the trial of underground battery electric vehicles to reduce carbon emissions at Kennecott and across Rio Tinto’s global operations. Sandvik Mining and Rock Solutions will supply a battery electric haul truck and loader to evaluate performance and suitability for future underground mining fleets.

Pre-feasibility studies are also being progressed to extend open pit mining at Kennecott beyond 2032, with a further push back of the North Wall to allow access to Mineral Resources. This follows a $1.5 billion investment in the second phase of the South Wall Pushback project, approved in 2019, to allow open cut mining to continue between 2026 and 2032.

In addition to copper, Kennecott is one of the largest producers of gold, silver, and molybdenum in North America. Construction is underway on a plant to recover tellurium, a critical mineral used in solar panels, from copper refining at Kennecott. Rio Tinto is working with experts from the US Department of Energy’s Critical Materials Institute (CMI) on ways to extract further critical minerals from the existing refining and smelting processes.

Source - Strategic Research Institute

voda 26 juli 2021 08:10

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Vale Production & Sales Report for Apr-Jun 2021 Quarter

Vale completed another quarter of iron ore production growth of 11% QoQ and achieving a current capacity of 330 million tonne per year, which if sustained could allow for an average of 1 million tonne per day production in H2 of 2021, due to the favorable seasonality from better weather conditions in the period. The unmanned train operation in Timbopeba is performing well and the maintenance of the ship loader CN6 at the Ponta da Madeira Maritime Terminal was executed as scheduled, causing no impact in this year's expected shipments. On Base Metals, the first ore production on its Reid Brook deposit at the Voisey's Bay Mine Expansion Project was an important achievement for the continued delivery of quality, predictable and responsibly sourced material to market.

Vale's iron ore fines production totaled 75.7 million tonne in 2Q21, 11.3% higher than in Q1 of 2021, as a result of

Higher volumes from Brucutu with the increase in high-silica sinter feed production by dry processing taking advantage of a very favorable market environment

Seasonal improvement of weather-related conditions in Serra Norte and a strong performance in Serra Leste

Higher productivity in Itabira Complex, with the reassessment of temporary tailings management solutions

Higher third-party purchase

Wet processing production in Factory during the tests to summarize beneficiation plant operations

Those positive results were partially offset by the interferences (tie-in effect) caused by the installation and commissioning of the first of four jaspilite crusher in S11D.

Considering the iron ore mining plan and the implementation of new initiatives, Vale achieved a production capacity of 330 million tonne per year, mainly as a result of Serra Leste achieving full capacity. The start-up date of some operations were revised due to the time required to receive their respective authorizations, namely

Vargem Grande conveyor belt resumption (now expected for 3Q21)

To continue Factory's wet processing production (now expected for 3Q21)

Crooked dam in Brucutu following the need for extra works to increase the safety factor (now expected for 2H22)

Vale's pellet production totaled 8.0 million tonne in Q2 of 2021, 27.4% higher than in 1Q21, although still limited by pellet feed capacity. Quarterly increase is mainly explained by the seasonally higher pellet feed availability which was directed towards Oman plants and the ramp-up of Vargem Grande pellet plant.

Sales volumes of iron ore fines and pellets totaled 74.9 million tonne in Q2 of 2021, up 14.2% higher than in Q1 of 2021, as iron ore production increased. Iron ore price premium was USD 8.4 per tonne, in line with Q1 of 2021, following higher pellet, IOCJ and BRBF premiums, which were offset by a higher share of high-silica products with the increase of sinter feed production by dry processing, taking advantage of a strong market environment.

Production of finished nickel was 41.5 kt in Q2 of 2021, 14.3% lower than Q1 of 2021 mainly due to the disruption of labor at Sudbury and unscheduled maintenance in Clydach Nickel Refinery, which impacted the total production from material sourced from PTVI. On June 1st, 2021, production and maintenance employees represented by the United Steelworkers (USW) Local 6500 in Sudbury voted to reject the Company's offer for a new five-year collective bargaining agreement, resulting in a labor disruption at Sudbury operations. Meanwhile, Vale implemented contingency plans to preserve the integrity and safety of the plants and mines.

Copper production reached 73.5 kt in Q2 of 2021, 3.9% lower than Q1 of 2021 from the labor disruption in Sudbury and delays in mining at Voisey's Bay, partially offset by a more robust performance in Salobo due to the ramp-up of mine maintenance activities and better performance at Quiet Operations. In line with COVID-19 safety measures, which limited the mobilization of contractors, Vale decided to only perform critical maintenance activities in Sossego's SAG mill in 2Q21. This has allowed the deferral of a major portion of the SAG mill maintenance to 2022. Valid expects production improvements as of 2H21. Also, movement at Salobo mine is improving with increased availability of equipment as well as the ramp-up of the mine maintenance workshop continues. Total mine movement at Salobo has increased 31.2% in Q2 compared to Q1, achiever 8.4 Mt in June. Improvement in mine movement is expected to continue in Q3.

Given uncertainties concerning the labor situation in Ontario and the ramp-up of the safety and maintenance process implementation in Sossego and Salobo, our guidance for nickel and copper for the year is under review .

Source - Strategic Research Institute

nine_inch_nerd 26 juli 2021 16:24

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+10%

U.S. judge rules Lithium Americas may excavate Nevada mine site
Ernest ScheyderJuly 26, 202111:15 AM CESTLast Updated 6 hours ago
A haul truck carries a full load at a mine operation near Elko, Nevada May 21, 2014. REUTERS/Rick Wilking
July 24 (Reuters) - A U.S. federal judge has ruled that Lithium Americas Corp (LAC.TO) may conduct excavation work at its Thacker Pass lithium mine site in Nevada, denying a request from environmentalists who said the digging could harm sage grouse and other wildlife.

The ruling marked a rare win for a U.S. critical minerals project as environmental groups increasingly pressure courts and regulators to block mining projects, even if they produce metals key to building electric vehicles. read more

Chief Judge Miranda Du of the federal court in Reno, Nevada, said late on Friday that the digging - needed to determine whether the land holds historical import for Native Americans - may proceed while she determines the broader question of whether former President Donald Trump's administration erred when it approved the project in January. Du said she will try to publish her decision by early 2022.

Vancouver, Canada-based Lithium Americas had agreed not to dig before July 29 while Du deliberated. It was not immediately clear if the company now intends to start digging on that date. Company representatives could not be reached for comment.

The land that would be affected amounts to less than a quarter of an acre on a project roughly 18,000 acres in size, a factor which Du said affected her decision.

Additionally, Du said, environmental groups could not prove what specific damage would be caused by the digging, only hypothetical guesses. Environmentalists "failed to meet their burden to show they will be irreparably harmed," Du said.

"We are disappointed in the court's ruling allowing the company to dig up and remove cultural and historical artifacts," said Kelly Fuller of the Western Watersheds Project, one of the environmental groups that sued to block the project.

Fuller said the group looks forward to a hearing with Du in the future to argue the entire project should be canceled.

Reporting by Ernest Scheyder in Houston; editing by Matthew Lewis and Leslie Adler

Our Standards: The Thomson Reuters Trust Principles.

nine_inch_nerd 27 juli 2021 09:48

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Ben wel benieuwd wat er gaat gebeuren als de handel weer opent op dit aandeel.

Dit is het traject sinds de laatste handelsdag 16/7/21:
19 Jul 2021 - Trading Halt
21 Jul 2021 - Suspension from Official Quotation
22 Jul 2021 - Application for quotation of securities - JRV
22 Jul 2021 - US$100M Bond Offering settles, purchase of ICO Camp

Jervois jumps toward cobalt’s big league
Peter KerJul 27, 2021 – 1.57pm
Jervois Mining has taken a big step toward becoming a globally relevant battery minerals producer, after acquiring the cobalt processing division of copper giant Freeport-McMoran.

Jervois got the $US160 million ($218 million) deal, revealed by Street Talk on Tuesday morning, over the line after Freeport, Lundin Mining and AustralianSuper agreed to support a $313 million issuance of new Jervois shares.

While Jervois and Freeport are both mining companies, the deal was focused on the refining end of the cobalt value chain, in another example of how the battery minerals sector is making vertical integration fashionable again.

The deal will give Jervois the right to put 6250 tonnes of cobalt through Umicore’s Kokkola refinery in Finland every year until 2093.

Umicore cannot charge a profit margin on the volumes and Jervois will inherit Freeport’s customer base to sell the refined cobalt products to.

When combined with an existing plan to restart a nickel and cobalt mine in the US and a refinery in Brazil, Jervois said the Freeport deal put it on “a pathway” to becoming the second-biggest producer of refined cobalt products outside of China.

Of the various commodities required by the manufacturers of lithium-ion batteries, cobalt has arguably the most concentrated and oligopolistic supply structure.

The metal is typically produced as a byproduct of nickel or copper and the Democratic Republic of Congo supplies about 70 per cent of the world’s cobalt.

Small amounts of cobalt come out of Western Australian mines like IGO Group’s Nova and Glencore’s Murrin Murrin, with the latter selling its cobalt to German auto giant BMW.

Jervois has sought to build a vertically integrated battery minerals business in the four years since it was recapitalised and refocused by a group of former Glencore executives including managing director Bryce Crocker.

The company hopes to start mining nickel and cobalt in Idaho in the middle of 2022 and also owns an undeveloped nickel and cobalt asset in NSW.

The Jervois deal is another example of how the battery minerals sector is reversing the trend of the previous decade, which saw big miners like BHP try to extricate themselves from the smelters and refineries that dominate the downstream end of the natural resources value chain.

Battery manufacturers demand very precise specifications of the commodities they put into their batteries and that focus on purity is handing power back to those in charge of the refineries that turn crude or intermediate products into chemical grade products.

Two major lithium hydroxide processing plants have been built between Perth and Bunbury as part of efforts by lithium miners Albemarle, Mineral Resources, Tianqi and IGO Group to access the greater profit margins on offer downstream.

BHP has also gone further downstream over the past four years by building a nickel sulphate plant at its long-standing Kwinana refinery.

ASX-listed graphite miner Syrah Resources is also going further downstream into the value chain, by building a facility in Louisiana that can refine natural graphite into higher margin materials for battery manufacturers.

voda 27 juli 2021 10:48

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Anglo American Production Report Apr-Jun 2021 Quarter

Anglo American CEO Mr Mark Cutifani said “We have delivered a solid operational performance supported by comprehensive Covid-19 measures to help safeguard the lives and livelihoods of our workforce and host communities. We have generally maintained operating levels at approximately 95% of normal capacity and, as a consequence, production increased by 20% compared to Q2 of last year, with planned higher rough diamond production at De Beers, as well as strong plant performance at our Los Bronces copper operation in Chile and higher throughput at our Mogalakwena platinum group metals mine in South Africa. We also successfully completed the demerger of our thermal coal operations in South Africa and announced the sale of our minority interest in Cerrejón in Colombia, marking the last stage of our transition from thermal coal operations, ahead of schedule. Our portfolio and growth investments are increasingly focused on those future-enabling metals and minerals that are critical to decarbonising energy and transport and to meeting consumers’ growing needs, from luxury to everyday."

Q2 Highlights

Completed the demerger of the South Africa thermal coal operations

Announced the sale of our 33% interest in the Cerrejón thermal coal mine, subject to regulatory approvals

Rough diamond production increased by 134%, reflecting planned higher production in response to the ongoing consumer demand recovery

Platinum Group Metals production increased by 59%, with Mogalakwena production increasing by 11%, reflecting the relatively lower impact of Covid-19 lockdowns compared to Q2 2020. Strong refined output reflected stable performance from the ACP Phase A unit

Iron ore production increased by 6%, driven primarily by Kumba, reflecting the lower impact of Covid-19 lockdowns compared to Q2 2020

Copper production increased by 2% due to strong plant performance at Los Bronces

At our longwall metallurgical coal operations, mining restarted at Moranbah at the beginning of June and development work at Grosvenor continues to progress, with restart expected towards the end of the year

Production Q2 of 2021

Diamonds - 3.5 MCT, up by 134% YoY

Copper – 167 KT, up by 2% YoY

Platinum group metals – 665 KOZ, up by 59% YoY

Iron ore - 14.8 million tonne, up by 6% YoY

Metallurgical coal - 4 million tonne, down by 25% YoY

Nickel - 10.8 KT, down by 2% YoY

Manganese ore – 796 KT, up by 18% YoY

Thermal coal - 4.4 million tonne, down by 1% YoY

Production H1 of 2021

Diamonds (Mct) - 15.4 MCT, up by 37% YoY

Copper - 330 KT, up by 5% YoY

Platinum group metals - 2,079 KOZ, up by 28% YoY

Iron ore - 31.9 million tonne, up by 3% YoY

Metallurgical coal - 6.2 million tonne, down by 20% YoY

Nickel - 20.7 KT, down by 5% YoY

Manganese ore –1,845 T, up by 13% YoY

Thermal coal - 9.3 million tonne, down by 12% YoY

2021 production guidance

Diamonds - 32-33 Mct

Copper - 650-680 kt

Platinum Group Metals - 4.2-4.4 Moz

Iron ore - 64.5-66.5 million tonne

Metallurgical coal - 14-16 million tonne

Nickel - 42-44 kt

Source - Strategic Research Institute

nine_inch_nerd 27 juli 2021 17:56

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Cypress Development Provides Update on Clayton Valley Lithium Project’s Pilot Plant and Appointment of VP, Investor Relations
July 27, 2021

Vancouver, Canada - Cypress Development Corp. (TSX-V: CYP) (OTCQB: CYDVF) (Frankfurt: C1Z1) (“Cypress” or “the Company”) is pleased to announce that it is nearing completion of the assembly of its pilot plant; and all major components are on site including the Chemionex portion of the process. The Company is awaiting the arrival of key electrical subcomponents, delayed due to supply constraints related to Covid-19. The claystone samples have been collected and are currently undergoing preparation and analysis at Cypress’ Tonopah, Nevada site prior to its shipment to the Amargosa Valley, Nevada pilot plant site. Cypress is planning to commission the pilot plant in August.

Cypress is also pleased to announce the appointment of Mr. Spiros Cacos as Vice President, Investor Relations effective August 1, 2021. Mr. Cacos is an Investor Relations & Corporate Communications executive with over 20 years of comprehensive experience with a primary focus in mineral companies, including grassroots, development, and production. He brings to Cypress his extended network within the financial community, together with investment advisors, portfolio managers, industry analysts, and media outlets throughout North America, the United Kingdom, and Europe. Mr. Cacos holds a Master of Arts degree in International Relations and Diplomatic Studies from Schiller International University, Paris, France and a Bachelor of Arts Degree from Simon Fraser University, Canada.

Regarding progress associated with Cypress’ previously announced Letter of Intent (“LOI”) with Intor Resources Corp (“Intor”), a wholly owned subsidiary of Nevada Sunrise Gold Corp., for the purchase of Intor’s water rights in Clayton Valley, Nevada, the Company reports it has made the payments under the terms of the LOI, and the parties are proceeding with the preparation of the definitive agreement.

About Cypress Development Corp.:

Cypress Development Corp. is a publicly traded company focused on developing its 100%-owned Clayton Valley Lithium Project in Nevada, U.S.A. Exploration, and development by Cypress lead to the discovery of a world-class resource of lithium-bearing claystone adjacent to the Albemarle Silver Peak mine, North America's only lithium brine operation. The size of the resource makes the Clayton Valley Project a premier American source that has the potential to impact the supply of lithium for the fast-growing energy storage battery market.

To find out more about Cypress Development Corp. (TSX-V: CYP), visit our website at www.cypressdevelopmentcorp.com.

CYPRESS DEVELOPMENT CORP.

“Dr. Bill Willoughby”
_____________________________
WILLIAM WILLOUGHBY, PhD., PE
Chief Executive Officer

For further information contact me or:
Don Myers
Cypress Development Corp.
Director, Corporate Communications
Telephone: +1 (604) 639-3851
Toll Free: +1 (800) 567-8181
Facsimile: +1 (604) 687-3119
Email: info@cypressdevelopmentcorp.com

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THE CONTENT OF THIS NEWS RELEASE.

This release includes certain statements that may be deemed to be "forward-looking statements". All statements in this release, other than statements of historical facts, that address events or developments that management of the Company expects, are forward-looking statements. Although management believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance, and actual results or developments may differ materially from those in the forward-looking statements. The Company undertakes no obligation to update these forward-looking statements if management's beliefs, estimates or opinions, or other factors, should change. Factors that could cause actual results to differ materially from those in forward-looking statements, include market prices, exploration and development successes, continued availability of capital and financing, and general economic, market or business conditions. Please see the public filings of the Company at www.sedar.com for further information.

voda 28 juli 2021 07:49

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Vale to Invest to Extend Life of Manitoba Operations in Canada

Vale recently announced CAD 150 million investments to extend current mining activities in Thompson in Manitoba in Canada by 10 years while aggressive exploration drilling of known ore bodies holds the promise of mining well past 2040. The Thompson Mine Expansion is a two-phase project. This announcement represents Phase 1 and includes critical infrastructure such as new ventilation raises and fans, increased backfill capacity and additional power distribution. The changes are forecast to improve current production by 30%.

The Thompson ore body was first discovered in 1956 by Vale (then known as Inco) following the adoption of new exploration technology and the largest exploration program to-date in the company's history. Mining of the Thompson ore body began in 1961.

Source - Strategic Research Institute

voda 28 juli 2021 13:07

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Recordwinst mijnbouwer Rio Tinto door hoge grondstoffenprijzen
ANP Producties 3 uur geleden

LONDEN (ANP/BLOOMBERG) - De Brits-Australische mijnbouwer Rio Tinto heeft over de eerste helft van dit jaar een recordwinst geboekt dankzij de sterk gestegen prijzen van grondstoffen zoals ijzererts, koper en aluminium. De winst steeg naar 12,2 miljard dollar. Dat is meer dan een verdubbeling in vergelijking met een jaar eerder.

Door het economisch herstel van de coronacrisis is de vraag naar grondstoffen sterk toegenomen, met name uit de industrie. De omzet van Rio Tinto sprong met 71 procent omhoog naar 33 miljard dollar. Het bedrijf gaat voor miljarden aan dividend uitkeren aan de aandeelhouders. Overigens had het mijnbouwconcern wel te maken met uitbraken van corona in bepaalde mijnen, waaronder in Australië, waardoor de productie werd verstoord.

Dinsdag werd nog bekend dat Rio Tinto 2,4 miljard dollar investeert in een lithium-mijn in Servië. Lithium is een belangrijke grondstof voor de productie van batterijen voor elektrische auto's.

nine_inch_nerd 2 augustus 2021 11:31

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Koperhandel in gedrang door dreigende stakingen in Chili
10:56
De al krappe wereldwijde kopermarkt lijkt verder in de problemen te komen door dreigende stakingen in Chili. Het Zuid-Amerikaanse land is 's werelds grootste koperproducent met een kwart van de mondiale productie.

Nu de vraag naar koper stijgt, voelen de mijnwerkers zich gesterkt in hun eis voor betere voorwaarden. De werknemers van de grootste kopermijn van Chili, Escondida, hebben het allerlaatste loonaanbod dat de werkgever deed in een stemming afgewezen. Twee kleinere Chileense mijnen zitten in dezelfde positie.

De productie zal daardoor stilvallen, tenzij de werkgever en via een door de overheid bemiddeld gesprek tot een overeenkomst kan komen met de werknemers. Vorig jaar werd in Escondida 1,2 miljoen ton gewonnen. Mijnbedrijven willen de arbeidskosten laag houden nu de kwaliteit van kopererts achteruitgaat en de productiekosten stijgen.

voda 3 augustus 2021 08:29

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Glencore Reaches Zinc Rigging Settlement in US

Reuters reported that Glencore Plc agreed to pay USD 9.85 million to resolve a private US antitrust lawsuit accusing two units of the Anglo-Swiss mining company of trying to monopolize the market for zinc, driving up its price. The preliminary settlement disclosed in a filing with the US District Court in Manhattan would resolve litigation that began in May 2014. It requires approval by US District Judge Paul Engelmayer.

Zinc purchasers accused US based Glencore Ltd and Pacorini Metals USA Inc of conspiring from September 2010 to February 2016 to ensure long queues for physical zinc, or Special High Grade zinc, at warehouses licensed by the London Metal Exchange. They said this allowed Glencore to receive higher storage fees and command increased premiums when selling zinc.

Another federal judge in 2016 dismissed related claims by the zinc purchasers against Goldman Sachs Group Inc and JPMorgan Chase & Co.

Source - Strategic Research Institute

voda 3 augustus 2021 08:31

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BHP Makes All Cash Offer for Noront

BHP’s wholly owned subsidiary BHP Lonsdale Investments Pty Ltd and Noront Resources Ltd announced that they have entered into a definitive Support Agreement pursuant to which BHP Western Mining Resources International Pty Ltd, a wholly-owned subsidiary of BHP Lonsdale, will make a take-over bid to acquire all of the issued and outstanding common shares of Noront for CAD 0.55 per share in cash. BHP Lonsdale owns 3.7% of the Noront shares on a fully diluted basis. The total equity value of the transaction is CAD 325 million (based on 100% of the fully diluted shares outstanding). The members of the Board of Directors of Noront who voted on the matter unanimously recommend that Noront shareholders tender their shares to accept the Offer.

BHP Chief Development Officer, Johan van Jaarsveld: “We are pleased that the Noront board has seen the value in our offer and has recommended it to its shareholders. This is a win-win for both BHP and Noront shareholders. For BHP, the acquisition of Noront presents a world-class growth option, in a key future-facing commodity. The highly prospective Eagle’s Nest nickel project provides an excellent platform from which to develop further opportunities in Ontario’s Ring of Fire. For Noront shareholders, this offer recognizes and realizes the full value of Noront’s portfolio, delivering guaranteed shareholder returns in the near term. We are excited to bring our mining expertise and capabilities to develop these long-term opportunities. We look forward to working in constructive partnerships with First Nations peoples, government and communities to realize the untapped potential of these important resources.”

Source - Strategic Research Institute

voda 3 augustus 2021 08:34

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Vale Advances Elimination of Upstream Dams in Minas Gerais

The first half of this year was marked by important advances in actions to eliminate upstream heightened dams in Minas Gerais. In June, Vale completed the works on the Fernandinho dam, in the Vargem Grande Complex, in Nova Lima, and the construction of a tailings containment structure for the Forquilhas I, II, III and Grupo dams, at the Fábrica mine. The projects are part of the company's commitment to reducing the risks of its operations in the communities where it operates. The elimination of dam structures heightened using the upstream method is provided for in recent dam legislation, which determines the de-characterization of this type of structure. In practice, the process consists of carrying out works to functionally reintegrate the structure and its contents into the environment, so that it ceases to exercise its main purpose, which is to act as a containment of tailings.

The work on the Fernandinho dam lasted approximately one year and generated around 540 direct jobs, more than 60% of them in the Nova Lima region. During the works, Vale removed approximately 560,000 cubic meters of tailings. Eventually, the structure lost its function for tailings and water storage.

In June, Vale concluded a containment of tailings for the Forquilhas I, II, III and Grupo dams, which are located in the Fábrica mine. The need for additional actions is still being evaluated by the company with the technical audit of the Public Ministry. The containment is between the municipalities of Ouro Preto and Itabirito and, during the works, had more than three thousand workers.

The construction is capable of retaining the tailings and reducing the impacts in a hypothetical scenario of a simultaneous collapse of the structures. The work was also designed to contain the material from the Forquilha IV dam, which is close to the others, but will not be eliminated as it is not an upstream structure. The containment is 95 meters high and 330 meters long. It protects the Secondary Security Zone (ZSS) of the dams, which includes areas in the municipalities of Itabirito, Raposos, Rio Maior, Nova Lima and Belo Horizonte.

In addition to the recently completed containment for the Fábrica mine dams, Vale has implemented two other structures for the B3/B4 dams, at the Mar Azul mine, in Nova Lima, and Sul Superior, at the Gongo Soco mine, in Barão de Cocais.

Source - Strategic Research Institute

Bijlage:

nine_inch_nerd 3 augustus 2021 10:42

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Manganese X Energy Advances Preliminary Economic Assessment of Battery Hill Manganese Project with Improved Flowsheet Optimisation Demonstrating Significant Cost Savings in the Production of High Grade Battery Material for the EV and Stored Energy Space
Montréal, Québec--(Newsfile Corp. - August 3, 2021) - Manganese X Energy Corp. (TSXV: MN) (FSE: 9SC2) (OTCQB: MNXXF) ("Manganese X", "MN" or the "Company") is pleased to announce an update and results from its ongoing processing and metallurgical studies. Manganese X, together with Kemetco Research Inc. ("Kemetco") are completing the test work as part of the Preliminary Economic Assessment ("PEA") which will characterize and assess the economic and commercial viability of producing high purity, battery grade manganese products from the Battery Hill project located near Woodstock, New Brunswick, Canada.

Highlights:

News Release dated July 7, 2021

Battery Hill project mineral resource estimate consists of 34.86 million tonnes of Measured and Indicated mineral resources grading 6.42% Mn, plus an additional 25.91 million tonnes of Inferred mineral resources grading 6.66% Mn utilizing a 2.5% Mn cut-off grade that reflects total operating costs having "reasonable prospects for economic extraction".
Sensitivity analysis of the Battery Hill deposit to cut-off grade indicates 12.25 million tonnes of Measured and Indicated mineral resources at 8.77% Mn and 10.61 million tonnes of Inferred mineral resources grading 9.05% Mn utilizing a cut-off grade of 7% Mn.
As part of the ongoing PEA, project economics will be maximized by optimizing production schedules and starter pit outlines towards higher grade material such as above.
The large mineral resource base underlines the project's potential to sustain long term production.
Processing & Metallurgical

Consistent overall extraction rates ranging between 80 and 90% being achieved.
Significant reduction in reagent consumptions have been observed during the leach process, which will result in significant cost reductions as well as permitting and environmental benefits.
Streamlining within the purification process to produce high purity manganese products will also significantly reduce overall processing operating costs.
Purification results are improved with extremely low levels of base and alkali metal contaminants.
The above positive results and improving efficiencies in the processing flowsheet clearly enhance the opportunity for commercialization.
Patent applications are planned to protect the innovative processing flowsheet being developed on behalf of the Company by Kemetco. The process focuses on production of 99.95 % High-Purity Manganese Sulphate Monohydrate (HPMSM) for the electric vehicle (EV) and back up energy storage sectors.
Martin Kepman CEO comments, "We are entering an exciting phase in our corporate evolution. With the improving cost efficiencies in our MnSO4 processing coupled with our upcoming PEA, the company is advancing towards the goal of becoming a North American battery materials supplier to the North American EV industry. As we know, Tesla is moving to high-purity-manganese as a primary raw material for its batteries. We are fully focussed on taking advantage of this development, as well as other unfolding and expanding markets. Our team is also working relentlessly and will spare no efforts to achieve our goal to become the first manganese mining operation in Canada and the USA. We are working and continuing to work with Government agencies to achieve and accelerate our objectives."

The Company has received additional favourable Phase 3 metallurgical leach optimization and purification results, improving flowsheet optimization, which will lead to significant cost savings in producing high grade battery products for the EV and battery energy storage industries. The results confirmed that >85% manganese leach extraction rates can be achieved using a specific range in grind size. Leach optimization has been identified as a high priority for evaluating economic factors such as reagent consumptions and expected extraction rates. Kemetco continues to reduce steps in the processing flowsheet and has achieved further upgrades in both the leaching and purification processes. A very significant milestone was achieved by reducing the consumption of reagents that would result in major cost benefits.

Finalization of the Phase 3 processing studies is progressing well. This is the last stage of the ongoing test work to develop a commercially viable flow sheet to produce battery-grade manganese products using sustainable and ethically sourced North American mineralization at the Battery Hill property located near Woodstock, New Brunswick, Canada

This News Release has been reviewed and approved by Perry MacKinnon, P.Geo, Vice President of Exploration with Manganese X Energy and a "Qualified Person" as defined under National Instrument 43-101 Standards of Disclosure for Mineral Projects.

About Manganese X Energy Corp.

Manganese X's mission is to advance its Battery Hill project into production, with the intent of supplying value-added materials to the lithium-ion battery and other alternative energy industries. The Company is also striving to achieve new environment-friendly more efficient methodologies, while processing manganese at a lower competitive cost. The company is the only manganese company in Canada and the USA moving rapidly toward commercialization of a manganese deposit.

Subsidiary Disruptive Battery Corp.'s mission is to develop an HVAC (heating, ventilation and air conditioning) air purification delivery system for cleaner and healthier air, aiming to mitigate COVID-19 and other contaminants on surfaces and in the air. For more information visit the website at www.manganesexenergycorp.com.

On behalf of the Board of Directors of

MANGANESE X ENERGY CORP.

Martin Kepman
CEO and Director
Email: martin@kepman.com
Tel: 1-514-802-1814

Cautionary Note Regarding Forward-Looking Statements:

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This news release contains "forward-looking information" including statements with respect to the future exploration performance of the Company. This forward-looking information involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements of the Company, expressed or implied by such forward-looking statements. These risks, as well as others, are disclosed within the Company's filing on SEDAR, which investors are encouraged to review prior to any transaction involving the securities of the Company. Forward-looking information contained herein is provided as of the date of this news release and the Company disclaims any obligation, other than as required by law, to update any forward-looking information for any reason. There can be no assurance that forward-looking information will prove to be accurate and the reader is cautioned not to place undue reliance on such forward-looking information. We seek safe harbor.

To view the source version of this press release, please visit www.newsfilecorp.com/release/91886

voda 4 augustus 2021 08:40

0

Rio Tinto Commits Funding for Jadar Lithium Project in Serbia

Rio Tinto has committed USD 2.4 billion to the Jadar lithium-borates project in Serbia, one of the world’s largest greenfield lithium projects. The project remains subject to receiving all relevant approvals, permits and licences and ongoing engagement with local communities, the Government of Serbia and civil society. The Jadar project would scale up Rio Tinto’s exposure to battery materials, and demonstrate the company’s commitment to investing capital in a disciplined manner to further strengthen its portfolio for the global energy transition. Jadar will produce battery-grade lithium carbonate, a critical mineral used in large scale batteries for electric vehicles and storing renewable energy, and position Rio Tinto as the largest source of lithium supply in Europe for at least the next 15 years. In addition, Jadar will produce borates, which are used in solar panels and wind turbines.

Jadar will be one of the largest industrial investments in Serbia, contributing 1% directly and 4% indirectly to GDP, with many Serbian suppliers involved in the construction of the mine. Rio Tinto is committed to help develop local businesses so that they can support the operation over the coming decades. It will also be a significant employer, creating 2,100 jobs during construction and 1,000 mining and processing jobs once in production.

Rio Tinto continues to work with a wide group of local and global experts across all aspects of the environmental, social and governance impacts and has done so for many years. For example, to date we have finalised 12 environmental studies and more than 23,000 biological, physical and chemical analyses of air and water. This consultation is ongoing and will continue to inform our final submissions for approval.

The Jadar development will include an underground mine with associated infrastructure and equipment, including electric haul trucks, as well as a beneficiation chemical processing plant. To minimise the impact to communities, it will be built to the highest environmental standards, including utilising dry stacking of tailings. This innovative method allows the dry tailings to be progressively reclaimed with vegetation and soil with no need for a tailings dam. Water management will be state of the art with a dedicated facility resulting in approximately 70% of raw water coming from recycled sources or treated mine water.

First saleable production is expected in 2026 at a time of strong market fundamentals with lithium demand forecast to grow 25-35% per annum over the next decade. Following ramp up to full production in 2029, the mine will produce ~58,000 tonnes of lithium carbonate, 160,000 tonnes of boric acid (B2O3 units) and 255,000 tonnes of sodium sulphate2 annually, making Rio Tinto one of the top ten lithium producers in the world. Based on this annual production of lithium carbonate, Rio Tinto aims to produce 2.3 million tonnes of lithium carbonate over the expected 40-year life of mine.

Source - Strategic Research Institute

voda 4 augustus 2021 08:42

0

UK Court of Appeal Reopens Samarco Dam Breach Case

The UK Court of Appeal in London reopened a GBP 5 billion lawsuit against An-glo-Australian mining giant BHP Billiton, co-owner of mining company Samarco Mineracao SA, over the Fundao dam breach in 2015. The decision to resume the case was made on July 27, after a claim of Brazilian individuals, organisations and municipalities to resurrect the case, according to the local media source

BHP named the case pointless and wasteful. BHP said “BHP’s position remains that the proceedings do not belong in the UK. Issues brought by the claimants are already covered by the work of the Renova Foundation, by existing decisions of the Brazilian Courts or are the subject of ongoing legal proceedings in Brazil.”

Back in November 2020, the UK High Court in Manchester blocked a lawsuit against the company as the continuation of the case in parallel with a similar case in Brazil would harm both systems. BHP said then that this process duplicated the issues already covered by the Renova Foundation programme and ongoing legal proceedings in Brazil.

Source - Strategic Research Institute

Bijlage:

nine_inch_nerd 4 augustus 2021 17:16

0

If you're reading this tweet, you rely on the #mining, #processing, #transportation, and #assembly of ~45 different materials from >90 countries. Responsible mining and sourcing of #rawmaterials is not an enemy to #progress, it's the foundation of a #sustainable future.

twitter.com/thomasrbenson/status/1422...

voda 6 augustus 2021 08:12

0

Solar Farms & Battery to Power Mines at BHPs Nickel West

BHP and its power partner in the Goldfields TransAlta are to build two solar farms and a battery storage system to help power the Mt Keith and Leinster operations. This will help BHP reduce emissions from electricity use at Mt Keith and Leinster by 12 per cent, based on FY2020 levels. The Northern Goldfields Solar Project will include a 27.4 MW solar farm at Mt Keith and a 10.7 MW solar farm and 10.1 MW battery at Leinster, and will displace power currently supplied by diesel and gas turbine generation.

This will result in an estimated reduction of 540,000 tonnes of CO2e over the first 10 years of operation. This is the equivalent of removing up to 23,000 combustion engine cars from the road every year.

BHP commissioned the solar farms and battery to be built, owned, and operated by TransAlta as part of the Power Purchase Agreement extension signed in October 2020. Construction will commence in Q2 FY2022, is expected to take 12-14 months, and at its peak will employ over 100 people on site.

The partnership will contribute to BHP’s medium-term target to reduce Scope 1 and 2 emissions from our operated assets by at least 30 per cent from FY2020 levels by FY2030.

The project is subject to final WA state government approvals.

Source - Strategic Research Institute

Bijlage:

voda 10 augustus 2021 07:43

0

USW Ratifies Pact for Vale Sudbury

Vale SA informed that a new five-year collective bargaining agreement with United Steelworkers Local 6500 was ratified in voting. This ends the labour disruption that began June 1, 2021. The new agreement takes effect immediately. Vale employees return to work the week of August 9, with production ramping up in the weeks ahead.

This result reflects months of hard work and commitment on both sides and a genuine demonstration to favorably conclude negotiations. Vale reaffirms its commitment to the long-term sustainability of its base metals business and its Ontario operations.

Source - Strategic Research Institute

Bijlage:

AEX 874,67 -9,40 -1,06% 16 apr


Germany40^	17.760,40	-0,03%
BEL 20	3.796,92	-1,47%
Europe50^	4.927,07	+0,21%
US30^	37.794,75	0,00%
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US500^	5.049,49	0,00%
Japan225^	38.426,12	0,00%
Gold spot	2.385,59	+0,13%
EUR/USD	1,0617	-0,08%
WTI	84,74	-0,38%

Avantium	+5,13%
FASTNED	+2,27%
Air France-KLM	+2,00%
DSM FIRMENICH AG	+1,84%
CM.COM	+1,69%

ArcelorMittal	-6,90%
Aperam	-6,68%
JUST EAT TAKE...	-4,85%
SBM Offshore	-4,17%
RANDSTAD NV	-3,69%

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