The $87.5-million deal is the latest Chinese acquisition of a lithium project in South America, following Tianqi Lithium’s decision to buy 24% of SQM for $4.1 billion, which has not yet been approved by Chile’s antitrust regulator.
Argentina Mining News
The world’s automakers “don’t worry about lithium supply anymore” – Simon Moores.
The Canadian precious metals miner logged a $10.6-million net loss for the first half of the year following a $49-million investment in its Gold Bar, Black Fox and Los Azules projects during the period.
Over 1,500 mining companies were operating in the South American country in 2016.
Acquisitions in the metals mining sector have begun to pick up, with an increase in joint ventures between Western and Chinese mining firms.
Sibanye Canada and Regulus’ newly formed Argentinean subsidiary Aldebaran Resources will create a strategic partnership to unlock value at the copper-gold project, located in the San Juan province.
The miner, which has set an exploration objective of adding one million gold equivalent ounces to Cerro Moro's mineral inventory, has hiked its exploration budget for 2018 to $11.2 million from $9 million.
The CEO of Fortescue Metals Group said that the company is working towards finding other commodities to mine.
Mining lithium in the salars of Chile and Argentina is much more cost-effective than hardrock mining.
The land is located in the northern area of the giant Salar del Hombre Muerto salt flat.
SQM, world no 3 lithium miner, plans to nearly quadruple capacity in fewer than three years – to the equivalent of 84% of global output last year.
McKinsey asks if the availability and rising prices of cobalt, lithium, copper and nickel will constrain greater electric vehicle penetration.
Lack of clarity on environmental rules, overlapping federal and local taxes, and regulations that vary from province to province continue to loom over proposed mines.
The glacier inventory is now the most authoritative document indicating where the no-go zones are for mining.
Commercial production is expected in the second quarter of the year.
Argosy's Rincon project in northern Argentina will start producing 500 tonnes per year of lithium carbonate equivalent (LCE) next month.
The Deputy Secretary for Sustainable Mining is scheduled to meet with executives from Australia's largest mining companies and banks.
Chinese companies continue to aggressively try securing steady supply of lithium, a key ingredient in the making of batteries that power electric cars.
The Toronto-based miner expects to stay in line with its 900,000 ounces production guidance for 2018.
Australian lithium producer Galaxy Resources said it was evaluating “strategic options” for its project in Argentina, which remains in the feasibility stage.
What the bears seem to have in common is the belief that a rush of new lithium supply will soon hit the market.
Along with Argentina and Chile, Bolivia is part of South America's so-called "lithium triangle."
The South American nation hopes to sign a deal with a foreign partner after a decade of state-led development left output far short of goals for the metal.
The Deputy Secretary of Mining Policy said the world needs Argentina's copper, lithium, gold and silver.
When it comes to new lithium mine supply how soon is now?