Articles for tag: Africas, Benchmark, Intelligence, lithium, Mineral, supply, Triple, year

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

March 22, 2024

Ron Finklestien

mining

Exploring Wheaton Precious Metals’ Booming Year in Deals with Randy Smallwood

An Exciting Year for Wheaton Precious Metals Revel in the glory of Wheaton Precious Metals – a titan in the industry – as it basks in the afterglow of one of the most sensational deal-making years it has ever witnessed. The mood is upbeat as CEO Randy Smallwood joyously announces the clinching of eight transactions, with a staggering sum exceeding $1 billion, executed over the course of approximately a year. You can sense the ebullience in Smallwood’s voice as he paints a picture of an environment brimming with deals. However, a tinge of wistfulness creeps in as he highlights the

January 30, 2024

Ron Finklestien

mining

China’s Renewable Power Surging Ahead of Coal

Wind and solar power are projected to surpass coal in China’s power mix by the end of this year, ending coal’s slight 2023 advantage over the renewable sources, which accounted for 36% of capacity by the close of last year. China is set to generate 1,300 gigawatts (GW) of solar and wind power by the close of 2024, exceeding its official 2035 target of 1,200 GW five years ahead of schedule, a recent report indicates. Source: Global Energy Monitor, June 2023. The nation has outstripped the rest of the world in solar power capacity, boasting more than half of the

January 24, 2024

Ron Finklestien

mining

Endeavour Silver’s Terronera Project Navigates Obstacles to Reach End-of-Year Milestone

It’s a relentless push to the finish line for Endeavour Silver’s much-anticipated Terronera Project, located within the revered Sierra Madre volcanic belt, which boasts the majority of Mexico’s silver and gold deposits. Despite enduring formidable headwinds including a bolstered Mexican peso, prevailing inflation, and a constricted market for essential supplies, progress at Terronera steadfastly marches onward. According to Dan Dickson, Endeavour’s CEO, “We remain confident in our commissioning schedule, our updated capital cost estimate, and our ability to address these challenges as we advance the project for the benefit of all stakeholders.” The project’s revised capital expenditure now stands at