Cobalt prices rocketed by 130 per cent over the course of 2017, ending the year at a price of $96,000 per tonne, an increase of $63,575 from February 2016 levels.
The company reported that construction and development of the project remained on track for commissioning in first quarter 2018, with product sales expected to be launched in second quarter.
Atlas Iron has made a lithium deal with Pilbara Minerals as part of the iron major’s diversification strategy.
Lithium developer Pilbara Minerals will spend an extra $50 million on the stage one development of its Pilgangoora project in Western Australia.
Thor Mining, a lithium, copper and tungsten-focused operator, has agreed to an option for the 75 per cent purchase of the Western Shaw project from Redstone Metals for $250,000 in company shares.
The Western Australian Government has announced that 44 projects will benefit from its Exploration Incentive Scheme (EIS) co-funded drilling program.
Lithium company Galaxy Resources has executed long-term offtake contracts with multiple customers in Asia.
Lithium developer Tawana Resources says its Bald Hill joint venture project in the Eastern Goldfields region of Western Australia is on track to be producing early next year.
Altura has announced plans this morning for an immediate feasibility study to double capacity of its Pilgangoora lithium project following positive scoping results.
Core Resources has finalised its acquisition of the Bynoe lithium project in the Northern Territory from Liontown Resources.
Australian explorer Caeneus Minerals has announced, following several delays, that the company has achieved 402 metre target depth at its Columbus March lithium project in Nevada, USA.
Lithium developer Pilbara Minerals has finalised an off-take agreement and $28 million equity subscription with Chinese automotive manufacturer Great Wall to underpin the stage two expansion of its Pilgangoora project in Western Australia.
The expansion announcement follows on from stage 1 construction, which commenced in October 2016 at a cost of $400 million. Stage 2 construction is expected to be complete by late 2019.
AVZ Minerals has entered into an agreement with Equity Drilling for the first half of a planned 40,000 metre lithium drilling project in the Democratic Republic of the Congo.
Up-and-coming Australian company Tawana Resources — one of the largest movers in capital growth according to Deloitte’s WA Index top 100 list from Diggers & Dealers 2017 — has finalised funding for its Bald Hill lithium and tantalum prospect.
Digital effectiveness has emerged as the number one risk for the mining and metals industry, according to Ernst & Young’s (EY) latest Top 10 business risks facing mining and metals report.
A Western Australian Department of Mines Industry Regulation and Safety report has revealed that the state’s exports reached nearly $105 billion over the past year, an 18 per cent increase over 2015–16 figures.
The results of a recent scoping study into Spain’s San Jose lithium-tin project by Plymouth Minerals have proven fruitful, prompting the company to increase its interest from 50 to 75 per cent with partner Valoriza Minería.
Pilbara Minerals has secured final work approvals for the completion and operation of its Pilgangoora lithium-tantalum project in Western Australia.
Lithium developer Altura Mining will raise $26 million through a share placement to help accelerate its expansion plans at the Pilgangoora project in Western Australia.