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Top related persons:
majeure - 1 Canmax - 1 Nelson Banya - 1 David Goodman - 1
Top related locs:
HARARE Zimbabwe Canmax China Europe
Top related orgs:
African Minerals - 1 China's - 1 Premier - 1 Canmax - 1 Thomson - 1

Search resuls for: "African Minerals"


3 mentions found


☆ Lithium miner Premier's shares slide on Zimbabwe force majeure
  + stars: | 2023-06-26 | by ( ) www.reuters.com   time to read: +2 min
HARARE, June 26 (Reuters) - Shares in Premier African Minerals (PREM.L) plunged 40% on Monday after the company declared force majeure at its Zimbabwe lithium mine, citing a defect at its processing plant. Premier said it issued a force majeure notice to Canmax on June 25 because milling problems at its recently completed plant had affected production plans. "The company is unable to deliver product within the stipulated dates as set out in the agreement," Premier said. Triggering a force majeure clause in contracts allows certain terms of an otherwise legally binding agreement to be ignored because of unavoidable circumstances. However, in the context of the current stage of discussions with Canmax in respect of the amended agreement, Premier will now engage with these other interested parties," it said.
Persons: majeure, Canmax, Nelson Banya, David Goodman Organizations: African Minerals, China's, Premier, Canmax, Thomson Locations: HARARE, Zimbabwe, Canmax, China, Europe
☆ Zimbabwe bans raw lithium exports to curb artisanal mining
  + stars: | 2022-12-21 | by ( ) www.reuters.com   time to read: +1 min
The southern African country holds some of the world's largest reserves of hard rock lithium, a vital mineral in the production of clean energy technologies. London-listed Premier African Minerals (PREM.L) says it will start shipping spodumene concentrate from its Zimbabwe lithium mine to China from March 2023, after signing an offtake deal with Suzhou TA&A Ultra Clean Technology Co (300390.SZ). "No lithium bearing ores, or unbeneficiated lithium whatsoever, shall be exported from Zimbabwe to another country," read the regulation published in a government notice issued by Mines Minister Winston Chitando. The notice said the ban does not apply to the export of lithium concentrates, which all the major lithium miners in the country plan to produce. Mnangagwa said the raw lithium was being exported through neighbouring countries.
☆ U.S. bid for battery metals has Africa blind spot
  + stars: | 2022-12-09 | by ( Helen Reid Nelson Banya | Helen Reid | Nelson Banya | ) www.reuters.com   time to read: +3 min
It could also negatively impact African nations that produce battery materials. The United States has a Free Trade Agreement in place with only one African country, Morocco. Battery materials and trade are set to be a focus at next week's U.S.-Africa Leaders' Summit in Washington where President Joe Biden will meet presidents of African countries including Congo. Under IRA, U.S. carmakers will get tax credits if they source at least 40% of battery materials domestically or from American free-trade partners. His is one of many projects across sub-Saharan Africa aiming to produce battery materials like lithium, nickel and graphite.
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