Articles for tag: Africas, build, critical, elements, Novare, ReElement, refinery

February 22, 2025

Ron Finklestien

mining

“ReElement and Novare to Launch Africa’s Inaugural Critical Elements Refinery”

New Partnership Launches Africa’s First Critical and Rare Earth Elements Refinery ReElement Technologies, a part of American Resources (NASDAQ: AREC), has teamed up with the South African investment firm Novare to establish a $100 million refinery dedicated to critical and rare earth elements. In this collaboration, ReElement will leverage its proprietary technology to manufacture high-purity lithium carbonate, rare earth oxides, and various critical minerals. Additionally, ReElement will lend its project management expertise, while Novare will supply capital and operational leadership. The facility’s development is anticipated to commence in the latter half of 2025. This partnership marks a significant milestone in

April 19, 2024

Ron Finklestien

mining

China’s Dominance: Africa’s Lithium Supply Set to Almost Triple

Chinese Monopoly on Africa’s Lithium The grip of Chinese companies on Africa’s lithium extraction looms large, with over 90% of the continent’s anticipated lithium supply in this decade pinned to projects co-owned by Chinese entities, as indicated by Benchmark Mineral Intelligence. Growth Centered in Zimbabwe Zimbabwe takes center stage in the surge of lithium production. Earmarked as one of the seven top global producers, the nation churned out a notable 3,400 tonnes in 2023. Powerhouse in Lithium: Zhejiang Huayou Cobalt’s Arcadia Mine The heart of this upsurge beats in Zhejiang Huayou Cobalt’s Arcadia lithium mine in Zimbabwe, a behemoth in

January 29, 2024

Ron Finklestien

mining

Barrick’s Kibali Gold Mine Shines as a Model of Sustainability Barrick’s Kibali Gold Mine Shines as a Model of Sustainability

Barrick’s Positive Impact on the Democratic Republic of Congo Mark Bristow, the CEO of Barrick Gold, lauded the Kibali Gold Mine in the Democratic Republic of Congo (DRC) as a pioneer in responsible mining practices. He emphasized the mine’s leadership in automation and its exemplary role in setting sustainable mining standards in Africa. Bristow highlighted the significant economic contribution of the mine to the remote northeast region of DRC, where it has initiated a robust local economy. Investment made by Barrick in the DRC, including royalties, taxes, dividends, and payments to local suppliers, has totaled a substantial $4.7 billion. Additionally,