Sunday, August 8, 2021

The Diguili deposit, located about 35 kilometres (22 miles) from Lefa’ processing facility, is considered a core pillar of Nordgold’s strategy to expand its resource and reserve base through organic growth and selective acquisition of high value projects.

“Our acquisition of Lefa in 2010, combined with the extensive exploration program we have undertaken since then, is precisely in line with that strategy,” COO Louw Smith said in the statement.

Diguili’s proved and probable reserves increased from 78,000 ounces at the end of 2020 to 138,000 ounces in 2021 thanks to an intense exploration program.

The gold miner, majority-owned by billionaire Alexei Mordashov and his sons Kirill and Nikita, has become a key contributor to Guinea’s economic and social development.

Five-year plan
Lefa is owned by Société Minière de Dinguiraye, in which Nordgold holds a controlling interest of 85%, with the remaining 15% held by the government of Guinea.

With four mines in Russia, one in Kazakhstan, three in Burkina Faso, one each in Guinea and Kazakhstan and several prospective projects in feasibility study, Nordgold expects to boost production by 20% over the next five years.

In contrast, production at the world’s largest gold miner, Newmont (NYSE: NEM) (TSX: NGT), is set to remain about the same until 2025.

Nordgold is also seeking to return to the London Stock Exchange, one of the world’s oldest markets, which it left in 2017.


Source: Mining.com

Does your innovative project connect minds to create a brighter future?

The BIE-Cosmos Prize Expo 2020 Dubai – designed to promote and reward not-for-profit projects from individuals or groups that exemplify Expo 2020’s theme of ‘Connecting Minds, Creating the Future’, as well as one or more of its subthemes of Opportunity, Mobility and Sustainability – is now open.

All entries can be submitted by completing the application form, in English or in French, before 31 August 2021. Shortlisted candidates will present their work and achievements at Expo 2020 Dubai, with an international jury selecting the winning project, to be announced on BIE Day on 30 March 2022. A donation of EUR 20,000 (AED 86,593) will be granted to the recipient of the BIE-Cosmos Prize.

The BIE-Cosmos Prize is a collaboration between the Bureau International des Expositions (BIE) and the Expo ’90 Foundation of Japan, which commemorates Horticultural Expo 1990 Osaka and its value of “Harmonious Coexistence between Nature and Humankind”. It has been awarded at all World and Specialised Expos since 2008, with the aim of giving visibility and support to projects that promote this principle and the theme of the Expo.

As the first World Expo in the Middle East, Africa and South Asia (MEASA) region, Expo 2020 Dubai will be the world’s most impactful global incubator for new ideas.


Source: https://www.expo2020dubai.com/en/news/applications-now-open-bie-cosmos-prize-expo-2020-dubai

Saturday, July 17, 2021

Prices for lithium, a key ingredient in electric vehicle batteries, are up more than 65% year-to-date in China amid resurgent demand following a three-year downturn.

The bid by Ganfeng unit GFL International at C$3.60 per share is a premium of 8.4% to Vancouver-based Millennial’s closing price of C$3.32 on Thursday, the company said in a filing to the Shenzhen Stock Exchange.

Millennial recommended that shareholders support the offer, which it said had unanimous board approval and backing from its largest investor.

The deal, expected to close in the fourth quarter of 2021, provides “a very attractive opportunity for Millennial’s shareholders to realize full liquidity at a substantial premium to the current share price,” CEO Farhad Abasov said.

Ganfeng has so far this year agreed to buy the shares it does not already own in Mexico-focused Bacanora Lithium for $264.5 million, as well as stakes in a lithium mine in Mali and a salt lake in China for $130 million and 1.47 billion yuan ($227 million), respectively.

Millennial has two non-producing lithium brine projects – Pastos Grandes and Cauchari East – in northern Argentina close to Ganfeng’s existing operations in the country, which include a joint venture with Lithium Americas Corp

Ganfeng said this week it expects first-half net profit to rise up to 922.5% year-on-year to as much as 1.6 billion yuan, having earlier forecast a rise of 411.2-666.9%, as the lithium price rally helps fund its expansion plans.


Source: Mining.com

Sunday, July 4, 2021

According to Mining News Pro – Amin Ebrahimi, chief executive of Khuzestan Steel Company met with the Deputy Minister of Roads and Urban Development, Morteza Pourabdi. Also, Morteza Jafari, Deputy Minister of Commerce and Railway Operation, was present in the meeting.

Pourabdi said: “Rail transport is one of the safest means of transportation in the country. We are proud that the history of the country’s railway cooperation with Khuzestan Steel Company dates back to four decades ago.”

“Khuzestan Steel is an export-oriented companies, and on the other hand, transportation of raw materials and export by rail is safer and more economical. The cooperation between Khuzestan Steel Company and Railway is not limited to transportation but also to the exchange of information and expertise along with the use of successful experiences.” Ebrahimi said.

“Rail loading, transportation, entry and unloading of iron ore on time leads to production stability,” he emphasized.


Mining News Center

Monday, June 28, 2021

The funding includes $2.5 million towards Collaborative Exploration Initiative grants and a further $2.2 million to help with the development and expansion of the New Economy Minerals industry in Queensland.

Resources Minister Scott Stewart said the resources sector plays a vital role in supporting jobs across the state

“It will be a key part of Queensland’s plan for economic recovery from COVID-19,” Stewart said.

“We know that supporting the exploration industry is important for finding new deposits and developing new projects.

“In turn, more projects mean more royalties, exports and more jobs for Queenslanders. That is why we are backing the sector with a range of grants and opportunities for explorers.”

Association of Mining and Exploration Companies chief executive officer Warren Pearce said Queensland continued to offer a highly supportive environment for exploration and mining investment.

“These grants will drive greater investment into the state,” he said. “Much of this private investment is expected be directed towards finding new economy minerals, vital for producing renewable and clean energy technologies.”

Mineral exploration company Terra Search managing director Simon Beams said exploration was a key part of growing the resources industry and finding the next deposit.

“Grants like this are important to businesses that are focused on exploration,” Mr Beams said.

“There has been a real boom in demand lately for exploration services as companies look to find the next potential deposit.

“Terra Search is based in Townsville and we work closely with a range of junior miners as well as bigger operators to help with their exploration programs.”

Stewart said the latest ABS data showed exploration expenditure continued to grow significantly.

“According to the latest ABS statistics, investment in Queensland exploration has increased by an impressive 22.5 per cent to $705 million in 12 months,” he said.

“Queensland’s boost in exploration expenditure has come from strong growth in exploration for minerals (up 14.5 per cent) and oil and gas (up 53.1 per cent) compared to the previous 12 months.

“Building on this, last year alone the Palaszczuk Government released a total of 8205 square kilometres for gas exploration to maintain a pipeline of future resources projects.”

The Queensland Government has invested more than $6.8 million in exploration grants and programs since 2017.


Source: Australian Mining

Monday, February 15, 2021

A tokamak is a confinement device that uses a powerful magnetic field to confine plasma in the shape of a torus and whose work is to produce controlled thermonuclear fusion power.

Fusion, on the other hand, is the nuclear reaction that occurs when atoms collide and fuse together, releasing huge amounts of energy. This process is what powers the Sun.

In a paper published in the Journal of Fusion Energy, the PPPL scientists explain that heat flow inside a tokamak could seriously damage the walls of the divertor at the heart of the device’s exhaust system and shut down fusion reactions in the doughnut-shaped facilities.

According to the team led by physicist Masayuki Ono, the problem arises because the energy stored in the core of the plasma that will fuel future tokamaks is expected to be 1,000 times greater than in facilities used today. Thus, if just 1% of the stored energy flared out of the core of a future reactor and reached the divertor, the damage could be extensive.

Ono said that such an event could be caused by flare-ups like edge-localized modes (ELMs), in which intense bursts of heat can slam into a tokamak’s plasma-facing walls.

Thus, the remedy he and his colleague Roger Raman propose calls for the injection of pellets of lithium into the divertor at the heart of the exhaust region, where the lithium would liquify and radiate strongly. The radiation would spread out much of the extreme heat escaping from the core of the plasma and would minimize the amount striking the divertor wall.

“The idea is to inject light impurities such as lithium, boron, or beryllium into the divertor region so as to radiate away much of the energy,” Ono said in a media statement. “The trick will be to go in quickly enough to protect the divertor with very little radiation affecting the plasma core. You don’t want to inject too much impurity material —just enough to do the job.”

The authors propose replacing gas guns currently used to inject lithium into tokamaks with an electromagnetic particle injector. This device would respond to any alert quickly and perform the injecting process while avoiding the unnecessary gas load that tends to be injected with the current method into the vacuum chamber that houses the core plasma.

Raman explained that warnings of extreme heat flux could come from the sudden flashes of light that heat bursts would create at the edge of the plasma. Such bursts could reach the divertor in about 10 milliseconds. The electromagnetic particle injector would rapidly fire a high-speed projectile into the divertor region to radiate away from the onrushing heat flux.

If this testing is successful, the application could next be tested on future tokamaks such as ITER, the international tokamak under development in France.


Source: Mining.com

Wednesday, November 4, 2020

The proposed $1 billion extension is aimed at increasing metallurgical coal extraction from 5.2 million tonnes a year of run-of-mine (ROM) coal to 78 million tonnes from two new underground mining areas.

The project is expected to expand the Dendrobium mine workforce from around 400 to 500 personnel and extend the mine’s life by another 25 years.

According to the New South Wales Department of Planning, Industry and Environment (DPIE) , 81 per cent of the 775 public submissions received gave their support for the project due to its employment opportunities and its importance to the continuation of Australia’s largest steel production facility, BlueScope Steelworks.

Coal from the Dendrobium mine and South32’s nearby Appin mine produce the premium quality coal blend used for steelmaking. The coal blend is partly delivered to the BlueScope Steelworks in Port Kembla, New South Wales, and others shipped via seaborne transport to Whyalla Steelworks in South Australia or exported internationally.

The DPIE stated that it expected the expansion project to provide major economic and social benefits for Wollongong and its surrounding region.

According to the DPIE, key issues raised in objections of the project had stemmed from the potential surface water losses from water supply catchments.

However, South32 proposed to pay the state government one upfront as well as annual payments totalling $103.1 million for the project’s water take.

“The department considers that South32 has designed the project in a manner that achieves a good balance between maximising the recovery of a coal resource of state significance and minimising the potential impacts on the water resource, biodiversity values and other environmental values of the metropolitan special area,” DPIE stated.

The project determination now rests on the state’s Independent Planning Commission.

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Source: Australian Mining

Sunday, November 1, 2020

The two changes will give mineral producers, like those mining trona in Wyoming, a discount if the mining spurs domestic production of soda ash, phosphate and other minerals, according to an official rule change published Monday on the Federal Register.

The Bureau of Land Management said the changes would not only give the agency the ability to grant relief on royalties and other fees for mineral producers, but the revisions would also “remove unnecessary and overly burdensome requirements” to bolster mining in the U.S.

Wyoming’s mining industry welcomed the regulatory boost, saying the relief would help struggling operators adjust to the depressed demand caused by the COVID-19 pandemic.

“The royalty rate reduction is very important for our trona producers,” Travis Deti, executive director of the Wyoming Mining Association, said in a written statement. “Natural soda ash from trona is Wyoming’s largest International export, and the global competition with synthetic soda ash from China is fierce. The royalty rate reduction will help our producers remain competitive, especially as they work to recover from the impacts of the COVID-19 pandemic.”

Wyoming’s sodium-rich Green River Basin holds the largest known trona deposit in the world.

Workers refine mined trona ore into soda ash or baking soda, among many other products. Soda ash is a critical ingredient in countless everyday products, such as glass, detergent and even electronics.

But right now, over 40% of global soda ash demand comes from China. Wyoming lawmakers have long held that burdensome and expensive regulatory conditions curtail domestic development of critical minerals. In turn, the Trump administration has advanced a considerable number of regulatory rollbacks to aid industry.

When the rule change was proposed one year ago, Gov. Mark Gordon endorsed it, calling a royalty rate reduction for Wyoming’s soda ash “essential.” He also said the rule would “protect jobs in both Wyoming and other states in the industry supply chain and will also enable strategic capital investment for future growth and job creation.”

Earlier this year, a major trona company in Green River had to lay off several workers in response to the economic downturn caused by the COVID-19 pandemic. The company, Genesis Alkali, said a “destruction in demand” for the finished products dependent on soda ash during the pandemic had posed a significant challenge to the company.

Rep. Liz Cheney and Sens. John Barrasso and Mike Enzi have also backed the regulatory amendments.

“The Trump Administration has taken important action to reduce soda ash royalty rates in order to level the playing field for Wyoming and other U.S. trona producers,” Cheney said in a statement.

But Project on Government Oversight, a watchdog group, has said the discounts given to mineral producers failed to provide taxpayers with a fair return on the extracted minerals. About half of all royalty payments made by mineral producers flow back to Wyoming.

“It’s unfortunate that the government is looking to give away more resources at the taxpayers expense,” said Tim Stretton, a policy analyst at the Project on Government Oversight.

The new rule is set to go into effect at the end of November.

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Source: trib.com

 

Monday, June 8, 2020

“Existing and would-be nickel producers are being drawn to the possibility of manufacturing sulphate to benefit from perceived premiums payable on nickel sulphate sales. While premiums have long been recognised in the plating sector, it is less clear in the EV battery space. The only visibility on pricing is Chinese selling prices,” Woodmac research director Andrew Mitchell said.

Between 2018 and the first half of 2019, nickel sulphate in China sold at a premium to the nickel price on the Shanghai Futures Exchange (SHFE), but the situation reversed in July 2019 and through to the end of December, to a discount of up to 10%.

The move to a discount corresponds to a period where the Chinese government removed subsidies on EV sales as well as a jump in nickel price. In effect, sulphate consumers could not afford any premium and demand was impaired, Mitchell said.

However, Woodmac still expects the nickel sulphate market to move into surplus this year, and potentially remain oversupplied through to at least 2025.

Mitchell said that the main reason for the oversupply is the additional material to be generated by three high-pressure acid leach plants currently under construction by Chinese groups in Indonesia. The combined capacity of these plants is 160 000 t of contained nickel, all of which is destined to produce nickel sulphate.

“A price premium is necessary to cover the additional processing costs to produce the sulphate. So, while higher prices for nickel sulphate over SHFE nickel prices can prevail, these may not result in increased margins for the producer. According to our data, net of feed purchase costs, the cost of producing nickel sulphate from mixed hydroxide precipitate has averaged $3 500/t nickel.

“Clearly there is no guarantee that high premiums now equate to similarly high premiums in the future. That said, as the demand for nickel sulphate from the battery sector is expected to accelerate, it is feasible that premiums will be available in the years ahead.”

Mitchell noted that in the longer term, additional nickel sulphate production is needed to meet the forecast growth in demand, particularly from the EV sector. Around 500 000 t of additional nickel in sulphate will be required over the eight-year period from 2028 to 2035.

“Clearly, meeting this rising demand will be a challenge for the industry, but it does provide opportunities for those with nickel projects waiting in the wings to press ahead with development, if funding can be secured.”


Source: Mining Weekly

Wednesday, April 15, 2020

According to Mining News Pro – Drill highlights include 70 metres of 3.2 g/t gold, 22 metres of 5.75 g/t gold as well as 3.5 metres of 18.6 g/t gold. This last intercept – hole DDMan-20-25 – ended in mineralization at a depth of 143.7 metres down hole.

“We are very pleased with the rapid exploration success achieved in 2020, and we now have several high-grade intersections at 80 metres to 120 metres depth with our deepest hole to date, DDMan-20-25 ending in high grade gold mineralization,” Nana Sangmuah, Roscan’s president and CEO, said in a release. “The geological potential of our project is clearly being demonstrated and, with this round of drilling, has confirmed further depth extension.”

Sangmuah added that the current data suggests a slight northern plunge of the mineralization. Mankouke South is within the 7-km long Mankouke corridor, which also hosts the Mankouke Central prospect.

Mankouke South remains open at depth and to the north, with follow-up drilling planned. Geological modeling of the area is underway with an additional 50 air core holes completed along three sections at the neighbouring Kandiole West permit, 8 km east of B2 Gold’s Fekola mine – assays for these are pending with more drilling underway.


Source: Canadian Mining Journal