Lead, Zinc and coblat

Mining News Pro - China’s biggest cobalt refiner Zhejiang Huayou Cobalt said on Thursday its overseas unit is pulling out a deal to invest $66.3 million in a cobalt mine in the Democratic Republic of Congo (DRC) after prices of the metal slid.

Mining News Pro - The London Metal Exchange (LME) lead market was roiled in early June by news of an unplanned outage at the Port Pirie lead smelter in Australia.

Mining News Pro - Both cobalt and lithium prices have experienced a collapse, driven by a loosening of fundamentals as a number of new projects come online, Fitch Solutions’ latest Industry Trend analysis reports.

Mining News Pro - Glencore Plc is planning to halt production at one of the world’s biggest cobalt mines after prices for the battery metal collapsed and costs at the project increased, according to a person familiar with the situation.

Mining News Pro - Three Indian state-run companies are to form a joint venture to buy mining assets overseas that have minerals such as lithium and cobalt, which are used in the manufacture of batteries for electric vehicles.

Mining News Pro - Australian cobalt developer Jervois Mining will take over eCobalt Solutions after shareholders of the Canadian company voted in favour of the deal, Jervois said on Monday.

Mining News Pro - Australian cobalt developer Jervois Mining will take over eCobalt Solutions after shareholders of the Canadian company voted in favour of the deal, Jervois said on Monday.

Mining News Pro - Pacific Energy’s wholly-owned KPS subsidiary has secured a new contract to supply electricity to Round Oak Minerals’ Jaguar copper-zinc mine, in Western Australia.

Mining News Pro - Eurasian Resources Group Sarl, the mining firm backed by the Kazakhstan government, is exploring options for assets in the Democratic Republic of Congo including a potential sale, according to people with knowledge of the matter.

Mining News Pro - Cobalt is back in the headlines for all the wrong reasons.

Mining News Pro - Battery metals tracker Adamas Intelligence says electric vehicle manufacturers deployed 57% more nickel in passenger EV batteries in May this year, compared to 2018.

Mining News Pro - Production of hand-dug cobalt in the Democratic Republic of Congo is poised to drop sharply after prices tumbled, prompting many of the country’s thousands of artisanal miners to switch focus to copper instead.

Mining News Pro - Zinc production is set to ramp globally by 2.1% year-on-year according to a new report from Fitch Solutions. In the coming years elevated prices encourage miners to restart idled capacity and begin production at key new mines.

Mining News Pro - Global Energy Metals (TSXV: GEMC; US-OTC: GBLEF) struck an option agreement in January with Nevada Sunrise Gold (TSXV: NEV) to acquire 85% of the historic Lovelock cobalt mine and nearby Treasure Box properties — both of which contain battery minerals including cobalt, nickel and copper — and are only a 90-minute drive from the Tesla-Panasonic Gigafactory 1, a lithium-ion battery and electric vehicle factory near Reno.

Mining News Pro - New Century Resources’ proposed expansion of the Century zinc mine in Queensland is showing potential to add an extra $422 million of cashflow and seven years of mine life through to mid-2026.

Mining News Pro - The agreement was signed June 20 in Tokyo, Japan, by the long-time industry partners, represented by BHP chief executive Andrew Mackenzie and Mitsubishi managing director Sadahiko Haneji

Mining News Pro - Jervois Mining today completed its previously announced merger with M2 Cobalt Corp. of Vancouver following receipt of approvals from both M2 Cobalt shareholders and the B.C. Supreme Court.

Mining News Pro - Ausenco Engineering Canada has delivered a study of the refinery in Cobalt, Ontario to Toronto-based First Cobalt Corp. The study says that using third party cobalt hydroxide as feed, the refinery output could be doubled to 5,000 t/y cobalt contained in sulphate.

Mining News Pro - Osisko Metals of Montreal has released additional assays from 145 drill holes completed in the L-36 and L-35 areas in the East Mill zone at the Pine Point zinc-lead camp. The intersections are within flat, tabular deposits and are located between nine to 51 metres below surface.

Mining News Pro - Toronto’s First Cobalt Corp. and Swiss mining giant Glencore AG have signed a memorandum of understanding to supply feedstock and financing to the reopening of First Cobalt’s cobalt refinery in the town of Cobalt. This is the only permitted cobalt refinery in North America.

In Picture