AVZ Discussion 2022
- Thread starter GazDix
- Start date
Fletch77
Regular
I think there will be a few boats called “Lithium“ in the next few years, mine will be one of them 🛥Thinking of a name for my new fishing boat that reflects my fishing ability and the contribution from AVZ, how about "Sweet FA"
Remark
Top 20
A great article in The West Australian today - credit to TUHTZ002 on HC.
thewest.com.au
AVZ set to unlock huge African lithium project
AVZ Minerals’ Manono lithium and tin project in Central Africa has received a positive technical opinion from the Department of Mines, clearing the way for the granting of a mining licence at the operation.
thewest.com.au
Winenut
Go AVZ!
That would be sweet "Fundamental Analysis" wouldn't it?Thinking of a name for my new fishing boat that reflects my fishing ability and the contribution from AVZ, how about "Sweet FA"
BRICK
Regular
Ill take 3 thanks
Frank
Top 20
Monsters of Rock: Battery metals, resources and energy stocks lift
- Resources index up 0.84% as commodities lift
- Battery metals have the biggest rockets with Sayona, Core Lithium and AVZ making outsized gains
- Aeris plans eight year mine life and production upgrade at Tritton copper mine
The S&P/ASX 200 Resources index stormed home to close 0.84% up today as miners enjoyed a broad range of rallies across the commodities.
But it was energy and battery metals companies that flew highest despite a tidy rise in gold prices on some bad looking CPI numbers out of the States overnight.
Iron ore miners were strong performers, with Rio Tinto and Mineral Resources among the top large caps.
But the real gains came in the lithium sector, where mid-tiers who have taken a breather over the past week or so returned with a bang.
They were led by Sayona Mining, which is back to five year highs after lifting 16.39% on no news to 35.5c.
Also up big was AVZ Minerals which toasted a significant development for its Manono lithium project in the DRC.
It received a favourable technical opinion from the local Department of Mines for the Manono lease, the precursor for a decision on the award of its mining licence.
“The receipt of the favourable technical opinion for the DFS is the final procedural hurdle ahead of the Minister of Mines pending decision on the award of the Mining Licence which we now eagerly await,” AVZ MD Nigel Ferguson said.
“This will also be the catalyst to advance the Collaboration Development Agreement which will underpin the partnership between the Government and the developers of the Manono Project.”
Exactly mate!That would be sweet "Fundamental Analysis" wouldn't it?
Remark
Top 20
Someone couldn't wait!
Frank
Top 20
DRC Mining Community Prepares for a Big Bash in Lubumbashi in June as DRC Mining Week Returns
It’s official, DRC Mining Week is back in Lubumbashi from 1–3 June, and to say that the industry is excited about its homecoming is an understatement.
This long-running, award-winning and flagship expo and conference returns to the heart of the Copperbelt and the bustling mining hub of the DRC to celebrate the region’s unlimited resilience, successes and opportunities.
“The DRC Mining Week team is ready to put the ‘bash’ back into Lubumbashi!”
Jokes event director Natalie Courtois, representative of the zest, energy and fun the organisers have become known for over the last 17 years of the event’s existence.
“We cannot wait to open our doors again and welcome all our clients and partners back to the Karavia Hotel, and we know that everyone has really missed having the event live and onsite during the last two years” says Courtois.
*The event boasts longstanding and loyal support from many sector leaders, including ERG Africa, FBN Bank and Glencore, who are diamond sponsors, while Equity BCDC, Orange and Standard Bank are platinum plus sponsors.
Other big names in industry that have partnered with DRC Mining Week in June include Ivanhoe Mines, the Cobalt Institute, USAID and Global Communities.
The largest expo and conference in the Copperbelt dedicated to the mining and industrial sector, DRC Mining Week will again gather some 600 mining executives from 80 mining houses and operators, 4000+ attendees, of which 70% will be international, more than 80 expert speakers, and the in- and outdoor exhibition will expect four country pavilions.
Anyone working in or for the mining and exploration sector, energy, professional equipment, machinery, transport and logistics, safety and security, construction, consulting and insurance should be in Lubumbashi from 1–3 June.
Copperbelt Katanga Mining - African Copperbelt's Top Mining News
African Copperbelt's Top Mining News
copperbeltkatangamining.com
Glencore to supply cobalt to GM in multi-year deal
Miner and commodities trader Glencore has inked a multi-year agreement with General Motors to provide the automaker with cobalt from its Murrin Murrin operation in Australia.
The US car producer has committed to making all-electric vehicles by the end of the decade, setting the goal of having 30 new EVs models, equivalent to 1 million electric cars, in the market by 2025.
“Climate change is real, and we want to be part of the solution by putting everyone in an electric vehicle,” chair and chief executive officer Mary Barra said in a media release.
GM will use Glencore’s cobalt in its Ultium battery cathodes, which currently power the Chevrolet Silverado EV, GMC Hummer EV and Cadillac Lyriq vehicles, the companies said.
The deal comes as automakers scramble to secure steady supply of battery metals, including cobalt, nickel, lithium and copper, to meet rising demand for EVs.
Some manufacturers, such as Tesla and Volkswagen have even announced intentions of becoming “actively involved in raw materials business”. Tesla’s Elon Musk seems particularly inclined to do so with lithium, as prices have reached what he calls “insane levels”.
The EV giant has recently secured lithium mining rights in Nevada and has off-take agreements for the battery metal with Liontown Resources and Ganfeng Lithium, China’s no.1 producer of the commodity. For cobalt, Tesla locked down supply from Glencore in 2020.
Detroit-based rival Ford Motor said on Monday it had signed a preliminary deal to buy lithium from a Lake Resources NL facility in Argentina, marking the first time Ford has publicly announced where it will procure the battery metal.
Glencore, the world’s largest cobalt producer thanks to its mines in the DRC, noted the metal makes up only 0.001% of the earth’s crust.
Its appeal to EV makers comes from the fact that it provides batteries with energy density that increases the range of their vehicles and boosts their life.
GM has several other agreements in place for lithium and rare earths and other materials.
Food for thought on a Thursday
Frank
Remark
Top 20
I think so too.
The resource is too large & too pure to not have the sharks circling when the ML drops.
While the Sharks may be circling, I think If the majority of shareholders accept a TO offer, they're definitely short changing themselves.
They would (hopefully) be sophisticated enough to know the resource they have invested in.and the potential upside that AVZ has.
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