Pilbara Minerals CEO Dale Henderson says the lithium and tantalite miner is diversifying some of its downstream processing away from China but maintained the company’s relationship with China is in “great health” and plans to continue to work in the country (reports The Australian Financial Review).
Develop managing director Bill Beament has again warned there was not enough underground mining talent to skill the growing number of Australian underground operations (reports MiningNews).
The sector is buzzing again, as investors showed at this week’s Resources Rising Stars conference. Interest was also high in oil and gas junior Triangle ahead of its drilling in the Perth Basin.
By Barry FitzGerald
Discovery news and hints that the lithium price rebound has only just begun were the positive events in a mixed week which included a warning that the bottom end of the market is under cash pressure which could lead to a consolidation rush.
By Tim Treadgold
Lithium prices are set to extend their recovery from a brutal sell-off of 70 per cent as demand outstrips weaker-than-expected lithium supply growth, underpinned by the growing take-up of electric vehicles to meet carbon emission targets.
Sunstone’s ongoing exploration successes at Bramaderos and El Palmar has investors demonstrating their confidence for more by backing a $12m placement (reports Stockhead).
Calidus Resources managing director Dave Reeves has declared the gold miner is back on track after a tough start to life as a producer (reports MiningNews).
Uranium prices first left a decade-long slumber and surged to 10-year highs in September 2021 on a buying spree from global fund manager Sprott that vacuumed pounds out of the lightly traded spot market for the nuclear fuel (reports Stockhead).
Tim Goyder could walk down the street in his home town of Perth wearing a sandwich board with his own name on it and not be troubled with a “G’day”. He might even get a few coins chucked at him (reports Stockhead).
Pilbara Minerals chief development officer John Stanning has confirmed signs of a turnaround in lithium prices and remains confident in the long-term outlook for the battery metal (reports The West Australian).
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