Awfully strange when we will not be supplying lithium to China.This seems like big news. First time I can recall anyone official from CMOC or CATL confirming that the rumoured joint venture for battery production in Africa between the two companies is being worked on. Translation:
DRC-Africa Battery Metals Forum : '' Our joint venture with CATL aims to develop the next generation battery industry in Africa. '', said Mr. Zhou Jun, Vice President @cmoc_group and CEO of @Officiel_TFM
I hope the no is for the settlement part and its not a no for something being worked out at the moment....
Literally 100% of our offtakes are going to ChinaAwfully strange when we will not be supplying lithium to China.![]()
Lithium: with Australians, in 2024 Mali and Ghana will begin exploitation, Ivory Coast follows suit
July 17, 2023
Kiki Kienge
By Kiki Kienge
MALI LITHIUM
With a capacity now of 200 million tonnes, Mali is preparing to launch the first lithium exploitation in West Africa by next year.
It will be in the future Goulamina lithium mine, according to a publication of June 20, 2023, the Malian mine would host at least 211 million tonnes of mineral resources grading including 1.37% lithium, an increase of 48.2% compared to to the January 2023 estimate.
It is the mining company Leo Lithium which is the pioneer of this Malian lithium adventure, with its drilling of just over 40,000 meters carried out since the beginning of 2023 at a cost of around $5 million. US, the results obtained will soon be integrated into the estimate of mineral reserves expected in August 2023.
Leo Lithium is a joint venture between the Australians of Firefinch (FFX) through its subsidiary Timbuktu Resources and the Chinese of Ganfeng Lithium with 50%, Leo Lithium is the company which hosts the assets as part of the Goulamina Lithium Project in Mali , Ganfeng Lithium is China's largest lithium chemicals producer by capacity, with a 10% stake from the Malian state.
The lifespan of the lithium mine, Goulamina in Mali, is currently estimated at 23 years, but the duration as well as the annual production capacity of the project could be further extended:
“An increase of 68.6 million tonnes at Goulamina from a very modest drilling campaign is a fantastic result […]. This significant improvement also supports the possible extension of the lifespan of the Goulamina project by 23 years ,” commented Simon Hay, CEO of Leo Lithium.
The first production of spodumene concentrate is expected in the second quarter of 2024 in Goulamina, Leo Lithium has nevertheless decided to start shipping unprocessed lithium from the second half of 2023, with the aim of generating revenue before the entry into service of the mine.
Ganfeng has pledged up to US$194 million (A$263 million) for the project and committed to taking 100% of the spodumene concentrate produced from Goulamina, according to FFX.
GHANA LITHIUM
Following in Mali's footsteps, Ghana will launch its first Ewoyaa lithium mine into production in 2024, according to Lennard Kolff, interim CEO of the Australian mining company, Atlantic Lithium:
“We have an opportunity here to make Ghana a front-runner in the global race to decarbonize by building what could be West Africa’s first hard-rock lithium project. »
The Australians of Atlantic Lithium, its in commercial partnership with the Americans of Piedmont Lithium, the Americans hold an offtake agreement with Atlantic Lithium to purchase 50% of the spodumene concentrate produced by the Ewoyaa lithium project on a term basis. life of the mine.
Revenues from the future Ewoyaa mine are estimated at US$4.84 billion over a mine life of 12.5 years, for an initial investment of US$125 million.
IVORY COAST LITHIUM/COBALT
In Ivory Coast, it is in the Atex project for the exploitation of lithium and Ivorian coltan located 100 km from Korhogo, the Atex project is a reverse circulation drilling program led by the company.
The British mining junior, Firering Strategic Minerals, would hold 77% in the Atex lithium-Tantalum project; it had recently purchased 26% of the project's shares in return for an investment of 397,000 pounds sterling (around $482,000).
“We are delighted to have increased our stake in our flagship Atex Lithium Tantalum project which we believe has the potential to become a significant lithium resource in West Africa,” Yuval Cohen, Managing Director of Firering Strategic Minerals.
Firering Strategic Minerals is developing a portfolio of lithium, coltan-tantalum-niobium assets in Ivory Coast, West Africa, primarily at the flagship Atex project.
That's what I thought until I saw this. The issue with the gringos is that they don't want China to have Manono. No decent US private entities want to do business in the DRC due to sovereign risk, and now they are trying to convince the Arabs to buy it. Everything is moving way too slowly and frustrating for all involved.Literally 100% of our offtakes are going to China
in 2024 Mali and Ghana will begin exploitation,
You got that right, Mali Govt exploiting Leo Lithium big time.......
View attachment 45395
We are all familiar with that announcement arnt we ?
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Yeah i know its off topic, just replying to @cruiser51 that the article is not up to date and highlighting that no govt in Africa has any respect or integrity.........That’s right BEISH, first they decided out of the blue to stop LLL from exporting DSO.
I think LLL were relying on that to pay some of their CAPEX through construction phases. Now the Mali government is throwing another spanner in the works though I’m not really sure what’s going on because I’m more focused on AVZ. I suspect it has something to do with FFX.
Anyway I only read little bits here and there on LLL but I think Ganfeng might have taken more equity (shares) in LLL to provide more funds. Looks like the old sus Chinese playbook coming in to play again to me.
Now back to AVZ….
You can’t take your eyes off the Chinese for a second…. Especially now that Cong, Eckhof, Bin Guo and Math have showed their hand by backing the stooge Chinese puppets Huljich, Carrick and Ludbrook
The slide literally says markets including China and China has all the little logos for manufacturing on it. Sure there's no line from DRC to China but the emphasis of the slide is to promote alternative supply chains for offtakes from increased output and not the existing plan which is still in place on all the other slides. Although none of this really matters for the purpose of CMOC and CATL as that joint venture will operate in the DRC by the sounds of the original tweet we were discussing.That's what I thought until I saw this. The issue with the gringos is that they don't want China to have Manono. No decent US private entities want to do business in the DRC due to sovereign risk, and now they are trying to convince the Arabs to buy it. Everything is moving way too slowly and frustrating for all involved.
Thats a nice snack number already.......Guys I know we agreed a while back that since we hadn't any confirmation that the ICC Court Ruling was violated, this counter shouldn't be used but since we have had confirmation from CKK at Battery Metals Forum, we might as we'll set the date at April 4 and start using it.
I will add it to the Assets Folder too for later reference.
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DRC ICC Penalty Calculator
Calculates the amount of penalties the DRC has incurred since first violation of ICC court rulingdrc-icc-violation-penalties-english.netlify.app
in 2024 Mali and Ghana will begin exploitation,
You got that right, Mali Govt exploiting Leo Lithium big time.......
View attachment 45395
We are all familiar with that announcement arnt we ?
View attachment 45399
This is the result of not staying in a suspension until you know what the fuck is going on with the shit fuckery.........
Great stuff LLL BOD !!
Did you do that to provide some relief to your inner sanctum ?
Fuck wits !!
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Lets hope Uganda Govt bucks the trend and treats IXR with the respect it deserves and awards the ML like it strongly has hinted in doing so..........
View attachment 45398
Did you see the COMINIERE promotional video, where they skulled wine from the bottle, buried a block of wood or two in the ground, pandered over a couple of wrecked Toyotas and CKK walked meaningfully towards a dilapidated wrought iron fenceAnyone notice how hard it is to find a decent photo of CKK on the web?
There's hardly any of him at all. It's almost as if he's purposely tried to avoid it.
Was that the one the other day? Could just put the Bribe audio over it.Did you see the COMINIERE promotional video, where they skulled wine from the bottle, buried a block of wood or two in the ground, pandered over a couple of wrecked Toyotas and CKK walked meaningfully towards a dilapidated wrought iron fence
Ripe for a voice over reproduction?
Yep,Was that the one the other day? Could just put the Bribe audio over it.
Anyone notice how hard it is to find a decent photo of CKK on the web?
There's hardly any of him at all. It's almost as if he's purposely tried to avoid it.
That’s fucking funnyDid you see the COMINIERE promotional video, where they skulled wine from the bottle, buried a block of wood or two in the ground, pandered over a couple of wrecked Toyotas and CKK walked meaningfully towards a dilapidated wrought iron fence
Ripe for a voice over reproduction?