“It makes us the largest collector, packager and processor of both end of life batteries and battery manufacturing scrap in North America,” says CEO David Klanecky.

Pan African Resources, a mid-tier African-focused gold producer with a production capacity in excess of 170,000 ounces of gold per year has just presented its Annual Results for the financial year ended June 2022. Pan African Resources’ website says it owns and operates a portfolio of high-quality, low-cost operations and projects located in South Africa. […]

The company considers ELG underground as a “key value driver” as its reserves have been expanded over the years.

A feasibility study for the project is under way and expected to be complete in early 2024. 

Key moves in the mining sector.

A new materials design strategy produces copper-based metal oxides that perform efficiently under high temperatures.

It has increased its stake in the Canadian miner to 13.77% while rejecting again Rio Tinto’s $3.3bn offer for 49% of Turquoise Hill.

Glencore does not own lithium mines, but has invested heavily in the business of recycling the battery metal this year.

Domestic EV battery supply chain could support up to 250,000 jobs by 2030 and add C$48 billion to the economy annually, say Clean Energy Canada and the Trillium Network for Advanced Manufacturing.

Signed deal solidifies early introduction of Cat MineStar Command for hauling at ioneer’s lithium-boron project in Nevada.

Two companies mine 85% of all boron. China holds a near monopoly on downstream processing. Now a California mine wants to break open this opaque market.

The mineral resource totals nearly 20 million tonnes at 1.67 g/t gold in the inferred category.