Home Blog Page 326

Arcadia lithium mine to start exports next year

0

China’s Zhejiang Huayou Cobalt’s Arcadia lithium mine will start delivering lithium-containing minerals spodumene and petalite next year, according to the local manager of the company.

Huayou, one of the world’s major producers of cobalt, last year completed a 422-million-U.S.-dollar purchase of the hard-rock lithium mine from Australia-listed Prospect Resources.

The Arcadia project, which is near Harare, the capital of Zimbabwe, is considered to be one of the world’s largest hard rock lithium resources, one of the key components used in the manufacturing of rechargeable batteries.

Construction of a full processing plant at the mining site is already at an advanced stage and has been earmarked for completion by the end of the year.

“We are targeting to complete our project by the end of the year so that we can start commissioning and production at the first quarter of 2023. As we speak, we are on course to achieve that,” said George Togara, manager of Huayou Cobalt’s Arcadia lithium mine.

In addition, he said once production starts, the project will contribute immensely to the growth of Zimbabwe’s mining sector.

“Looking at the policy or the outlook from the government to achieve 12 billion U.S. dollar mining industry by 2023, which is next year, next year we will be producing the products and exporting, so we are coming in at the right time where we are going to be playing a major role in achieving the government’s target of being a 12-billion-dollar mining industry by 2023,” Togara said.

In 2019, Zimbabwe set out an ambitious drive to more than quadruple the mining sector revenue by hauling minerals worth 12 billion U.S. dollars by 2023. The country has set an ambitious target of earning 500 million U.S. dollars from lithium exports starting next year from 2 million in 2017.

Trevor Barnard, deputy general manager of Prospect Lithium Zimbabwe, said the Arcadia Lithium project will make Zimbabwe one of the major players in the lithium value chain.

“On an annual basis, we will be mining 4.5 million tonnes of ore, and that ore will be then processed and will produce around 400,000 tonnes of concentrate and that concentrate will all be exported,” he told Xinhua.

In addition, he said the investment will make Zimbabwe one of the major players in the renewable energy value chain.

“I think Zimbabwe had got significant lithium resources and obviously from that perspective, it plays an important part within the lithium value chain and also by extension into the renewable energy value chain of which lithium is a very important component,” Barnard told Xinhua.

He disclosed that feasibility studies are being conducted to see if further value addition to the lithium can be done locally before export.

Mining is strategic to the Zimbabwean economy, accounting for more than 60 percent of foreign currency receipts annually and 13 percent of the gross domestic product (GDP).

In 2021, the country earned about 5.7 billion U.S. dollars in mineral exports, a huge leap from the 3.2 billion recorded the previous year.

Zimbabwe possesses Africa’s largest lithium reserves and the fifth largest globally, but the resource has remained largely untapped due to a lack of investment.

Lithium has become a vital raw material required in the transition to a green economy, and the country is seeking to capitalize on the global drive toward renewable energy.

Chinese investments in lithium mining are expected to play a significant role in the realization of Zimbabwe’s mining sector growth plans.

Earlier this year, Shenzhen-listed Sinomine Resource Group acquired Bikita Minerals, another key producer of lithium in Zimbabwe.

Shenzhen-listed Chengxin Lithium Group last year also acquired a 51 percent interest stake in Sabi Star Lithium Mine in eastern Zimbabwe for 77 million U.S. dollars.

Source: Xinhua

Zimbabwe official gold buying prices Friday 9 September 2022

0

Fidelity Gold Refinery (FGR) official gold buying prices Friday 9 September 2022.

SG 90% AND ABOVE US$52.20/g
SG ABOVE 85% BUT BELOW 90% US$51.38/g
SG ABOVE 80% BUT BELOW 85% US$50.83/g
SG ABOVE 75% BUT BELOW 80% US$50.28/g
SAMPLE BELOW 10g BUT ABOVE 5g US$49.46/g
FIRE ASSAY CASH US$52.20/g

NB: Fire Assay cash price is for gold above 100gs and no sample is deducted.
For FireAssay Transfer price, a sample of not more than 10g is deducted
2% royalty is charged on all deposits (Small-scale Miners)
5% royalty is charged on Primary Producers

Cash available. Fidelity Gold Refinery prices will be changing daily in relation to world market prices.

ZIMASCO suspends 2 furnaces due to high costs

0

Outokumpu, the integrated Finnish stainless steel producer, and Zimasco, the Chinese-owned ferrochrome producer in Zimbabwe, have announced suspensions of ferrochrome furnaces at their flagship operations.

For Outokumpu, the closure is a delayed restart of one furnace after planned maintenance at its Tornio plant, the latest victim to surging energy prices in Europe. For Zimasco, the closure of two furnaces is in the face of global economic challenges unable to support higher costs along the supply chain.

The economic situation in China remains challenging, with the country’s zero-COVID policy continuing to disrupt the potential economic recovery. Beijing is making about US$1 trillion of government funds available for construction projects, but Project Blue expects demand support for raw material markets only to return after the Chinese New Year. In Europe, the war in Ukraine and the lingering economic impacts of COVID-19 underpin the continent’s energy challenges and inflation. Both situations are the key issues that are set to underpin a tough Q4 ahead.

In the longer term, the stainless steel industry should spell out positive growth trends for ferrochrome. However, the impacts of the current economic climate may accelerate some permanent closures of steel plants, while China continues to invest in growing its production base. reported theprojectbluegroup.

About ZIMASCO

ZIMASCO was established in 1926 as an exporter of chromite ore. Its Smelting operations commenced in 1962. The company’s Majority shareholder is Sinosteel Corporation, a State Owned Enterprise of the People’s Republic of China. It is the largest integrated ferrochrome producer in Zimbabwe with operational centres located in Kwekwe, Shurugwi, Mutorashanga and Harare. ZIMASCO has smelting operations at Kwekwe with an installed operational capacity to produce 180,000 t.p.a of high carbon ferrochrome. Its mining operations are carried out along and alongside the Great Dyke. The company also has Coalbed methane interests in Matebeleland North.

Zimplats dismisses Biti’s ‘Under Declarations, Slow Beneficiation’ claims

0

ZIMPLATS has dismissed former Finance minister, Tendai Biti’s allegations that they were reluctant to build a refinery in a development which exposes the government to minerals under-declarations and revenue losses.

Speaking in parliament recently the Citizens Coalition for Change (CCC) Harare East legislator raised concerns on the proposal by the treasury to suspend by 12 months the obligation of platinum houses to pay Value Added Tax on non- beneficiary platinum from Zimbabwe.

The rationale of the move on the government’s part was aimed at giving the miners breathing space to create adequate savings to build their own refineries.

“But ZIMPLATS has been in this country for a period of 20 years and they have not built a refinery. Notwithstanding that, at the time that they signed their MOU with the Government of Zimbabwe, the Minister of Mines then was Hon. Dr Sekeremayi.

“They were given massive tax incentives to build a refinery. Up to now, they have not built a refinery,” Biti said.

He said official pronouncements indicate that the company is sitting on 26 million ounces of platinum that are on the 104 sq km of land in Selous with validated platinum reserves of 176 million tonnes.

“These are already rich companies in terms of what they have underground. So, to continue giving them tax incentives when they are actually not properly accounting to Zimbabwe because of their continued refusal to construct a refinery in Zimbabwe.

“This will enable us to know what it is getting from the gold that comes from platinum, the lithium that comes from platinum, the palladium that comes from platinum, the rhodium that comes from platinum and the silver that comes from platinum is simply not good enough,” Biti said.

But speaking exclusively to a local publication this week, Zimplats corporate affairs head, Sibusisiswe Chindove dismissed the allegations insisting that the miner’s books contain declarations which are in line with laws of the land.

“Let me deal with the issue of the mineral declarations first. I think if you also consult with the Reserve Bank of Zimbabwe (RBZ), the Zimbabwe Revenue Authority, Mines and Mining Development Ministry they will also confirm that we declare all the ten metals,” she said.

Chindove insisted that the country at large is deriving benefits from the proceeds realised in their sale.

“In terms of value addition, I think perhaps we also need to understand that there is a value addition process already existing from the mining stage to the process stage up to the production of the product which is then exported. That is value added to a large extent.

“But it is just that when people are talking about local beneficiation, they will normally be looking at the refinery and I am happy to say that within the US$1,8 billion set aside for expansion, one of the projects that we will be working which is already pilot stage is the construction of the refinery,” added Chindove.

New Zimbabwe

Zulu Assay Results and Pilot Plant Update

0

Premier African Minerals Limited, is pleased to report on assay results at Premier’s Zulu Lithium and Tantalum Project (“Zulu”). These results continue to support our decision to proceed with the pilot plant and at the same time will be incorporated into the revised Mineral Resource update required to support the DFS.

George Roach, CEO commented, “I am pleased to share further assay results from Zulu. It is well worth noting ZDD114 in particular. These very pleasing results are further confirmation of our decision to go ahead with the construction of the pilot plant at Zulu. As mentioned in the RNS dated 26 August 2022, work is progressing well with the installation of the pilot plant, and we remain on target for hot commissioning in Q1 of 2023.”

Drill Holes: Lithium & Tantalum Results

The table below sets out the composites determined, as per the outlined compositing routine in the text below, from analyses received from the independent external laboratory analyses for holes ZDD104, ZDD111, ZDD112 & ZDD114.

Table 1 -Assay Summary Results

Hole

From (m)

To (m)

Width* (m)

Li2O%

Ta2O5 ppm

Rb ppm

ZDD104

 

208.24

 

215.68

 

7.44

 

1.04

 

53

 

1435

 

Incl.

209.24

 

210.24

 

1.00

 

2.06

 

6

 

1995

 

Incl.

 

213.68

 

214.68

 

1.00

 

1.40

 

55

 

942

 

ZDD104

 

255.05

 

257.25

 

2.20

 

0.90

 

91

 

817

 

Incl.

 

255.25

 

256.25

 

1.00

 

1.76

 

100

 

1020

 

ZDD104

 

268.30

 

273.30

 

5.00

 

1.79

 

74

 

963

 

Incl

270.30

 

271.30

 

1.00

 

2.01

 

76

 

793

 

ZDD111

 

209.32

 

211.48

 

2.16

 

0.96

 

186

 

2435

 

ZDD111

 

219.68

 

222.55

 

2.87

 

0.95

 

47

 

1326

 

ZDD112

 

168.80

 

176.80

 

8.00

 

1.37

 

39

 

1525

 

Incl.

169.80

 

173.80

 

4.00

 

1.85

 

32

 

1441

 

Incl.

 

174.80

 

175.80

 

1.00

 

1.63

 

38

 

2485

 

ZDD114

 

111.98

 

135.70

 

23.72

 

1.51

 

93

 

2219

 

Incl.

 

114.40

 

115.40

 

1.00

 

2.33

 

82

 

2875

 

Incl.

 

123.40

 

125.40

 

2.00

 

2.07

 

147

 

1597

 

*Not True Width but lineal width

**0.50% Li2O cut-off applied.

The following compositing routine was applied:

·                   

0.50% Li2O cut-off was applied to the pegmatitic intersections only.

·                   

<2m standalone composites at the cut-off grade but with an overall weighted average grade of >0.5% Li2O are not reported however,

·                   

Within any composite >2m thickness, high-grade intersections of 1m are reported; and

·                   

Within any composite, inclusions of country rock of <2m thickness are included within the composite provided the overall grade of the composite is not <0.50% Li2O.

Table 2 – Drilling Progress

A summary of the number of drill holes completed both prior to and for the ongoing DFS is set out below:

PROGRAMME

No of Drill Holes Completed

Metres (m)

RST (1958)

7

903.90

ZULU – Initial Exploration

6

2,312.90

ZULU – PEA

43

5,809.10

ZULU – DFS (completed)

111

25,727.29

ZULU – DFS (in progress) *

See note below

*Given the number of outstanding analyses as set out in the table below, a temporary suspension has been imposed on the Resource drilling. Three drill rigs remain on-site and will continue Resource drilling in the next 10 days to more targeted area of the Resource.

Table 3 – Analytical Pipeline

A summary of the status of DFS drill core analysis is set out below:

DFS – results received to date

3,730

DFS – sample pulps at SGS Randfontein awaiting analysis

1,256

DFS – sample pulps ready to be shipped to SGS

401

DFS – samples being pulped at Antec

209

DFS – ongoing sampling of drill cores at site*

600

*Estimate

Quality Assurance/Quality Control (QA/QC)

The drill holes are initially sited using a hand-held GPS (Global Positioning System device) within the tenement areas. Accurate coordinates and elevations of drill holes collars are subsequently derived from a DGPS (Differential Global Position devices) survey.

Drill cores are geologically logged, intersections of interest are selected are marked-up with unique sample ID assigned before splitting and sampling. Cores are cut in half using a core cutter, individual samples bagged, and sent for analysis.

Alternating Certified Refence Materials (CRM), blank or duplicate samples are inserted every 10th sample into the sample stream sent to the laboratory to ensure QA/QC compliance. These QA/QC samples are assessed upon receipt of analyses, checked and, if acceptable, accepted into the analytical database. Follow-up with the laboratory is instigated in cases were any QA/QC sample fails the QA/QC parameters.

Currently, drill core samples are crushed and pulverised at the Antec Laboratory, Zimbabwe to 85% passing -75 microns. Sample pulps are inspected for export in Harare by the competent government authorities and couriered to the SGS Laboratory Services in Randfontein, South Africa where pulps are fused with sodium peroxide and analysed by ICP-OES and ICP-MS to report 51-elements. (SGS code ICP90A50 & IMS90A50).

Prospect Lithium offers dozens of jobs, apply now!

0

Prospect Lithium Zimbabwe has opened up scores of job opportunities for locals to take up at its operation in Goromonzi.

In a statement, the company said vacancies in various departments would be filled starting this month.

“Prospect Lithium Zimbabwe (PLZ), through its Arcadia Project possesses a world-class hard rock lithium resource and is one of the most advanced lithium projects globally. PLZ offers challenging career opportunities at Arcadia Mine and Processing Plant project,” read part of the statement.

The company said it was recruiting drivers and Mobile Equipment Operators,  Tipper Truck Drivers, Small Vehicle Drivers, Grader Operators, Roller Compactor Operators, Front End Loader  Operators, Mobile Crane Operators, Water Cart Operators, and Forklift Operators.

The company is also hiring skilled maintenance personnel such as Diesel Plant Fitters, Auto Electricians, Assistant Auto Electricians, Mechanics, Assistant Mechanics, Electricians, Assistant Electricians, Welders, Assistant Welders, Carpenters, Assistant Carpenters, Bricklayers, Assistant Bricklayers, Steel Fixers, Fitter Machinist, Lathes Machine Operators, Drilling Machine Operators and Milling Machine Operator.

The Processing Plant will also require Laboratory Technicians, Laboratory Assistants, Processing Equipment Caretaker, Crushing Plant Attendants, Reselection Plant Attendants, Grinding And Workshop Attendants, Tailings Tantalum Processing Attendants, Water Pump Attendants and Packing & Dispatch Attendants.

Other positions on offer include Chinese Translators, Accounts Clerk, SHE Assistants, ESG/CSR Clerk, and Purchasing Clerk.

Chinese global giant, Huayou Cobalt, in May bought out Australian investors Prospect Resources for US$422 million and is set to pour a further US$300 million into mine development.

Since May, massive construction work has taken place at the sprawling site in Goromonzi and is expected to be complete by end of the year.

Production will begin in the first quarter of 2023.


Applications should be addressed to The Human Resources Manager RE: Position applied for, Prospect Lithium Zimbabwe, 46 Cambidge road, Greendale, Harare or [email protected]

Argument over a compressor and water pump leads to the death of one

0

Police in Nkayi are investigating a case of murder in which Obey Garaweni (28) was found dead with deep cuts on the head on the 7th of this month in a bush near Gay Farm in Inyathi.

Garaweni and other artisanal miners who managed to escape were attacked by a rival group led by a suspect identified as Samao, after an argument over a compressor and water pump.

A surge of attacks linked to Zimbabwe’s growing artisanal mining sector has killed hundreds of miners.

 

 

 

SA to use specialised police unit to curb illegal mining

0

South Africa’s mines and energy minister Gwede Mantashe said yesterday his government would establish a “specialised police unit” aimed at curbing illegal mining estimated to have cost the mining industry R49bn in 2019.

“It is our considered view that illegal mining is a criminal activity which must be dealt with within the prescripts of the law,” said Mantashe in a speech to Parliament today. “Hence, we have been engaging with the Ministry of Police to establish a specialised police unit to deal with this criminal activity,” he said.

The Department of Mineral Resources and Energy and the South African Police Service (SAPS) had been “working closely” to design the proposed unit. “The Ministry of Police will at an appropriate time make the necessary announcements regarding the establishment of this unit,” he said.

The unit is expected to be “multi-disciplinary” and will draw from skills in other departments, he said. “It will need to have the ability to detect, combat and investigate these crimes.”

SAPS used to have a diamonds, gold, and precious stones unit aimed specifically at tackling organised crime in the country’s minerals sector until it was closed by the former police commissioner, the late Jackie Selebi. The South African Policing Union (SAPU) called for its reinstatement last month.

Illegal mining was “an existential threat” to the mining sector, Mantashe said.

Neal Froneman, CEO of Sibanye-Stillwater said last month that the increased incidence of illegal mining in South Africa, perpetrated by people referred to locally as ‘Zama-zamas, required the support of the country’s military.

He added that intervention was required at a high level owing to the sophisticated nature of illegal mining activities.

“We have requested special assistance from the police. It won’t be solved by dealing with the obvious issue of illegal miners; we have to address the syndicates and deal with this internationally and stop focusing on individuals that are abused at the lower end of illegal mining,” said Froneman.

In 2020, the Minerals Council South Africa estimated that seven tons of gold – from total national production of about 135 tons – is lost each year to illegal mining, which is driven by the joblessness and economic hardship that prevail across the country.

MX Mining

Zimbabwe official gold buying prices Thursday 8 September 2022

0

Fidelity Gold Refinery (FGR) official gold buying prices Thursday 8 September 2022.

SG 90% AND ABOVE US$52.00/g
SG ABOVE 85% BUT BELOW 90% US$51.18/g
SG ABOVE 80% BUT BELOW 85% US$50.63/g
SG ABOVE 75% BUT BELOW 80% US$50.08/g
SAMPLE BELOW 10g BUT ABOVE 5g US$49.26/g
FIRE ASSAY CASH US$52.00/g

NB: Fire Assay cash price is for gold above 100gs and no sample is deducted.
For FireAssay Transfer price, a sample of not more than 10g is deducted
2% royalty is charged on all deposits (Small-scale Miners)
5% royalty is charged on Primary Producers

Cash available. Fidelity Gold Refinery prices will be changing daily in relation to world market prices.

China gives platinum a major boost

0

In what is a major boost for platinum group metals (PGMs), a new trade and technology centre dedicated to the growth of the PGMs market is being established in China, already the single largest consumer of PGMs, accounting for more than 25% of total demand.

Anglo American, Honeywell and the World Platinum Investment Council (WPIC) were among close to 70 organisations that signed strategic cooperation agreements with the Lin-Gang Group and other related parties in support of the Platinum and Precious Metals Centre, or PPMC, which is being established in the Lin-Gang Special Area of Shanghai. The Lin-Gang Group is a State-owned developer of industrial parks.

PPMC is made up of a PGMs research institute, venture capital fund, industrial park and offshore trading market, which will be developed in sequence to support new PGM applications and to grow an industrial cluster.

As part of its commitment to PPMC, WPIC will move its Asia Pacific headquarters to the Lin-Gang Special Area, where, from 2023, the annual Shanghai Platinum Week, which it co-sponsors, will take place. WPIC will also join the proposed PGMs research institute as a founding member and participate in a joint venture to oversee the development of the industrial park.

Commenting on WPIC’s involvement, WPIC CEO Paul Wilson described PGMs as remarkable metals with exceptional physical and chemical properties which are used in applications that improve the world on a daily basis.

“In particular, PGMs are at the forefront of technologies that are helping humankind to tackle climate change, and their use benefits us all,” Wilson stated.

Platinum, along with other PGMs, plays a critical role in proton-exchange membrane (PEM) electrolysers, which generate green hydrogen from water, and PEM fuel cells, which power fuel cell electric vehicles (FCEVs), that are emission-free, Mining Weekly reported.