Glencore to Spend as Much as $956 Million on Peruvian Zinc Miner

By Lynn Thomasson Glencore Plc plans to increase its stake in Peruvian zinc miner Volcan Compania Minera S.A.A., boosting its bet on soaring zinc prices. Glencore has reached an agreement with shareholders to buy 27 percent of the Class A voting stock and will offer to increase its stake via a public tender, according to […]

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Witness equates Mawarire to Boko Haram

Fidelis Munyoro Chief Court Reporter— The trial of This Flag Campaign leader Evan Mawarire accused of attempting to overthrow President Mugabe unlawfully, resumed yesterday at the High Court with a State witness equating the cleric’s movement to Nigeria’s militant Islamist group Boko Haram. Boko Haram has caused havoc in Africa’s most populous country through a […]

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Standard Bank Zim unit steps in to help fund Zim mining sector

Harare – Zimbabwe’s Stanbic Bank, a unit of South Africa’s Standard Bank, said it provided 46% of the country’s mining sector capital requirements for the year 2016. In a flier published in the local press, Stanbic said it provided a total $88.8m in working capital finance for the mining industry in 2016, compared to the […]

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Lithium Mining – Reviewing Opportunities Within The Production Oligopoly

Livio Filice  Long-term horizon, Growth, momentum, Deep Value Summary Demand for lithium based products continue to increase in both existing and new applications. Review of the public players in the lithium oligopoly. A new pure play junior lithium focused mining company enters the group. Since Sony Corp. (NYSE:SNE) launched their lithium battery in the early 1990s […]

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Zimbabwe adopts Pallinghurst blueprint for $500m in platinum beneficiation

THE Zimbabwean cabinet has today agreed to a proposal by South Africa’s Pallinghurst Resources and the Industrial Development Corporation (IDC) that will lead to $500m in beneficiation investment which, at a single stroke, resolves more than a decade of regulatory uncertainty for foreign platinum miners operating in the country. Arné Frandsen, CEO of Pallinghurst Resources, […]

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Zimbabwe plans $200 million platinum refinery with Australia’s Kelltech

HARARE (Reuters) – Zimbabwe is planning to build a $200 million platinum refinery next year in a joint venture with Australia’s Kelltech Ltd, the Mines Minister said on Wednesday. The southern African nation holds the world’s largest deposits of platinum after South Africa and has been pushing mining firms operating in the country to build […]

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Tesla tried and failed to buy a lithium startup for $325 million

n a lengthy report published yesterday, the Desert Sun described the demise of a young lithium extraction startup and how Tesla tried and failed to buy it for $325 million in TSLA stock back in 2014. It offers an interesting look at Tesla’s acquisition process, something rare for the automaker. The company only made one acquisition: a […]

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Cash shortages threaten Zimbabwe mining production

Harare – Zimbabwe could lose the equivalent of four months of mining output this year because an acute dollar shortage has led to delays by banks in processing payments for imports of spare parts and supplies, the Chamber of Mines said on Monday. The problem affects the entire mining sector, which includes gold, nickel, chrome, […]

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Reports: Tesla evaluating a partnership with Chilean state-owned mining company Codelco to source lithium in the country

Local news reports in Chile are stating that “senior Tesla executives” met with government officials to evaluate a partnership with state-owned mining company Codelco in order to source lithium in the country. The agreement would presumably be to supply Tesla’s Gigafactory under-construction in Nevada. Codelco is the no.1 producer of copper in the world by […]

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Interview With our Keynote

Do not miss this exclusive interview with our Keynote Collaboratively administrate empowered markets via plug-and-play networks. Dynamically procrastinate B2C users after installed base benefits. Dramatically visualize customer directed convergence without revolutionary ROI. Efficiently unleash cross-media information without cross-media value. Quickly maximize timely deliverables for real-time schemas. Dramatically maintain clicks-and-mortar solutions without functional solutions. Completely synergize […]

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