September Newsletter – 12.09.2022
- China’s Yankuang terminates Yancoal Australia takeover talks
- Saudi Arabia awards Moxico Resources and Ajlan & Bros Khnaighuiyah mining licence- ministry
- USA: Biden administration opposes mining
- Victoria not surprised by more Eagle gold
- EFCC arrests Chinese over alleged illegal mining
- Cornish Lithium secures government funding for demonstration plant
- China plans more moon missions after finding new lunar mineral
China’s Yankuang terminates Yancoal Australia takeover talks
Yancoal Australia owns coal mines in New South Wales, Queensland, and Western Australia.
Cornish Lithium, the start-up hoping to lead the development of an industry for the battery metal in Britain, has secured funding from UK’s national innovation agency to build a demonstration scale processing plant at its Trelavour hard rock lithium project.
The unspecified amount from the Innovate UK through the Automotive Transformation Fund (ATF) will help Cornish Lithium build the hydrometallurgical section of the plant, the company said.
“We are delighted to have been awarded this ATF grant as it will accelerate our progress towards the commercial production of battery grade lithium hydroxide in the UK,” CEO Jeremy Wrathall said in the statement.
The Trelavour hard rock lithium project, located in Cornwall, comprises an open pit mine of lithium enriched granite and processing facilities that will yield concentrate of lithium-bearing mica. Lithium hydroxide will then be produced from the mica concentrate at an industrial site near the mine.
According to a scoping study, also financed with help from ATF and the Advanced Propulsion Centre (APC), the Trelavour mine will produce 25 million tonnes per annum.
Operational life is pegged at 20 years, during which it would generate an average of 7,800 tonnes of lithium hydroxide a year.
Speeding up construction of the plant would allow Cornish Lithium take advantage of the European Union’s current push to rebuild its automotive supply chains around battery metals and foster the adoption of electric vehicles (EVs).
China plans more moon missions after finding new lunar mineral
China plans to launch three unmanned missions to the moon over the next 10 years, as it seeks to rival the US in the new era of space exploration.
China’s National Space Administration, its equivalent of NASA, received approval to send three orbiters to the moon as part of the Chang’e lunar program, said Liu Jizhong, an official with the China Lunar Exploration and Space Program Center, according to state-backed CCTV.
The announcement came a day after China said it discovered a new lunar mineral, via samples retrieved by its Chang’e-5 mission. Named Changesite-(Y), it was described by the state-run Xinhua news agency as a kind-of colorless transparent columnar crystal. It’s said to contain helium-3, an isotype that’s been speculated as a future energy source.
Barrick Gold advances to next stage at Japan Gold
Japan Gold (TSXV: JG) said today that Barrick Gold selected six projects to move to second phase under its Barrick Alliance Portfolio it set up with Japan Gold.
Japan Gold is a Canadian mineral exploration company focused solely on gold exploration across the three largest islands of Japan: Hokkaido, Honshu and Kyushu. The company holds a portfolio of 31 gold projects.
Japan Gold has a country-wide alliance with Barrick Gold to jointly explore, develop and mine certain gold mineral properties and mining projects. Today Japan Gold announced that Barrick has selected six projects from the Barrick Alliance portfolio to continue as Included Projects in the Second Evaluation Phase under the Strategic Alliance Agreement dated February 23, 2020.
Japan Gold is up 17% to 27 cents over the past five days.
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