Archive | Graphite Mining

Finalists gather in the race for graphite production – by Christopher Ecclestone (InvestorIntel.com – October 11, 2017)

https://investorintel.com/

The “Big Beasts” of the Canadian mining scene are neither as evident nor as prominent as they used to be. Some have reconfigured their activities for the new reality of markets since 2011. One of the “Big Beasts” that temporarily disappeared from the scene and has now resurfaced is Sheldon Inwentash.

He is famed for his management of Pinetree Capital which, at its peak, commanded a market cap of over $1 billion and held a rather daunting 400 plus names in its portfolio. Pinetree Capital can be said to be the proto-mining hedge fund in the Canadian space and it revolutionized the resource investment model.

Pinetree veterans are spread across Toronto, churning out deals, raising hundreds of millions of dollars, and managing funds and mining companies themselves. In its heyday Pinetree was famous for having seeded companies such as Queenston Mining (acquired by Osisko Mining Corp. for $550mn), Aurelian Resources (acquired by Kinross for $1.2bn), and Gold Eagle Mines (acquired by Goldcorp for $1.5bn). Continue Reading →

Electric vehicles trigger search for lithium and cobalt – by Chris Tomlinson (Houston Chronicle – September 27, 2017)

http://www.houstonchronicle.com/

Automakers this summer touted plans to offer more electric vehicles, with Mercedes-Benz announcing it will spend $1 billion to add a battery factory to its plant in Tuscaloosa, Ala.

Ford is investing $4.5 billion in electric vehicle production, Volkswagen has promised 30 electrified models, and Volvo plans to go all electric or hybrid by 2019. Even Porsche will offer a battery-powered sports sedan called Mission E in 2020.

Automakers expect to sell 20 million all-electric vehicles in 2030, according to conservative estimates, prompting questions about where the raw materials will come from to make all of those batteries. Continue Reading →

The graphite fix: Inside China’s newest commodity addiction – by Manolo Serapio Jr and Tom Daly (Reuters U.S. – September 21, 2017)

https://www.reuters.com/

MANILA/BEIJING (Reuters) – China’s aggressive environmental protection campaign has tightened supplies of graphite electrodes used in steelmaking, boosting the fortunes of big producers like Fangda Carbon as mills search far and wide for a material now in short supply.

Beijing’s campaign for clearer skies has closed thousands of mills and mines producing low-quality steel and coal, and makers of electrodes, particularly those near big cities, have not been spared.

Graphite electrodes are used to melt scrap in electric arc furnaces to produce new steel. Their main ingredient is high-value needle coke – named because of its shape – which is made from either petroleum or coal tar. As China tightened the screws on polluting industrial plants, about 30 percent of its graphite electrode production capacity has been shut and some provinces have restricted output, said Dawn Brooks, a consultant at CRU. Continue Reading →

The battery revolution: balancing progress with supply chain risks (RCS Global – August 2017)

Home

For the full report: http://www.rcsglobal.com/wp-content/uploads/rcs/pdfs/RCS-Global%20The-Battery-Revolution.pdf

The lithium-ion (Li-ion) battery is set to fuel a revolution in electric vehicles (EV), home energy storage and even the powering of entire cities. Yet, increasing demand for the Li-ion battery is revealing and amplifying a wide spectrum of risks associated with the materials that make up the battery itself.

As new battery technology transforms consumer markets, there is a growing realisation that the transition to electric is not without social and environmental impact in the countries where battery materials – specifically cobalt, lithium, nickel, graphite and manganese – are mined and chemically processed into battery grade materials.

These risks present significant reputational, legal, compliance and commercial concerns for major industries harnessing the battery revolution including automotive, electronics and utilities infrastructure. For local communities, the risks represent impacts that could exacerbate or even cause environmental and social problems ranging from air pollution to child labour to conflict. Continue Reading →

Environmentalism: A Slippery Slope of Ignorance and Hypocrisy – by Saurabh Malkar (Modern Diplomacy – August 13, 2017)

http://moderndiplomacy.eu/

Perusing through my morning news digest, I came across an article from The Daily Mail featuring a story on the employment of child labor in cobalt mines in the Democratic Republic of Congo (DRC).

While I can be chillingly apathetic to social plight, especially, when it doesn’t concern my loved ones: something I impute to my upbringing in a third world country; I was deeply moved by this story, which shed light on the horrors of artisanal cobalt mining, employing children, working in dangerous conditions, with no safety measures, and being paid a pittance. The kicker, though, of this story was that much of this cobalt would go into battery packs that would be installed in electric cars marketed to gullible, do-gooders around the world.

But, why would one want to buy cars that take hours to refuel and can only be refueled at specific points, thus, imposing a massive time cost on their usage? These contraptions don’t match in utility to gasoline-powered cars, let alone surpassing them. No wonder governments around the world are trying to get consumers to buy electric cars through purchase subsidies and tax exemptions of all sorts. Continue Reading →

Electric-Car Revolution Shakes Up the Biggest Metals Markets – by Mark Burton and Eddie Van Der Walt (Bloomberg News – August 2, 2017)

 

https://www.bloomberg.com/

The revolution in electric vehicles set to upturn industries from energy to infrastructure is also creating winners and losers within the world’s biggest metals markets.

While some of the largest diversified miners like Glencore Plc argue fossil fuels such as coal and oil still play a crucial role supplying energy needs, they’ll also benefit the most from a move to electric cars, requiring more cobalt, lithium, copper, aluminum and nickel.

The outlook for greener transportation got a boost this year as the U.K. joined France and Norway in saying it would ban fossil-fuel car sales in coming decades. That’s as Volvo AB announced plans to abandon the combustion engine and Tesla Inc. unveiled its latest, cheaper Model 3. Such vehicles will outsell their petroleum-driven equivalents within two decades, Bloomberg New Energy Finance estimates. Continue Reading →

Tapping into potential graphite boom no easy task – by Jennifer Wells (Toronto Star – July 12, 2017)

https://www.thestar.com/

Any talk of electric vehicles draws intense response from readers, much of it positive, some of it smartly critical.

Here’s one. “Remember a Tesla battery contains about 150 lbs of graphite which is a product so toxic that it is only allowed to be mined in CHINA (where worker safety is of little importance).”

Yes, China produces the lion’s share of the world’s graphite, as key a component in the lithium-ion battery as the lithium itself. According to the U.S. Geological Survey, China produced 66 per cent of the world’s graphite in 2016. India was a distant second at about 14 per cent. Continue Reading →

Cost of Elon Musk’s Dream Much Higher Than He and Others Imagine – by Brian Rogers (Real Clear Energy – June 08, 2017)

http://www.realclearenergy.org/

Brian Rogers is the Executive Director of America Rising Squared (AR2) a conservative-based policy organization.

With Elon Musk protesting President Trump’s withdrawal from the Paris climate accord by quitting a White House advisory council, and the new Model 3 rolling off the assembly line this summer, Tesla fans must be tempted to feel pretty good about themselves these days.

After all, the company’s stock price is hitting all-time highs as thousands join a two-year wait-list not only to drive Tesla’s latest vehicle, but to do something good for the planet!

But Tesla has a dirty little secret with big implications for its future. It’s what Greenpeace International co-founder Rex Weyler calls “The Tesla dream,” the false idea that Mr. Musk’s electric vehicles (EVs) are a true game-changing “clean energy” solution to global climate change. Continue Reading →

Albany graphite deposit “a freak of nature” – by Norm Tollinsky (Northern Ontario Business – April 6, 2017)

https://www.northernontariobusiness.com/

Aubrey Eveleigh describes the Albany graphite deposit in northeastern Ontario “as a real freak of nature.” “We never expected to find something like this,” he said. “I spent my entire career exploring for base metals and gold for the most part, so this is kind of new. I had never seen anything like this in my life. Neither did any geologist I knew.”

Eveleigh, president and CEO of Zenyatta Ventures, a junior miner based in Thunder Bay, was intrigued by a “whopping” electromagnetic conductor picked up by an airborne survey 30 kilometres north of the Trans Canada Highway near Constance Lake First Nation and Hearst.

“There’s no outcrop in this area, so there’s nothing on surface to suggest what this was. We thought it was massive sulphide until we drilled into it and intersected hundred of metres of graphite breccia. Continue Reading →

Mine prospect near Nome could help make batteries for laptops and cars – by Alex DeMarban (Alaska Dispatch News – February 2, 2017)

https://www.adn.com/

A preliminary economic analysis has found that a graphite mining prospect near Nome — an effort to capitalize on a potential supply crunch from China and a growing appetite for electric vehicles — could be worth hundreds of millions of dollars if it’s developed.

“It shows we have an economically viable project,” Doug Smith, executive chair of Graphite One Resources, said in an interview. “And it shows in general what size we would be, and what kind of processing facilities we need. Now the next phase is to refine and optimize that.”

The graphite deposit in the mountains 37 miles north of Nome in Northwest Alaska is considered to be one of the world’s largest. But the Graphite Creek project, as it’s known, would be a relatively small operation for a mine, company officials said from their offices in Canada. Continue Reading →

Mine workers demand better pay in lagging Sri Lanka graphite industry – by Nirasha Piyawadani (Seattle Globalist – November 3, 2016)

MADURAGODA, SRI LANKA — It took a two-day hunger strike for 50 workers at a state-owned graphite mine to secure a risk allowance increase from 16 Sri Lankan rupees (11 cents) per month to 300 rupees ($2.06) per month. They agreed that they would receive the allowance if they met a target of producing 70 metric tons per month.

The next month, the workers exceeded their monthly target by producing 74 metric tons (81.57 short tons) of graphite, says Sunanda Fernando, secretary of the Free Employees Union at the mine. The increased risk allowance was added to each workers’ July pay.

Still, it’s a pittance compared to what the miners at the Kahatagaha mine could be earning if Sri Lanka’s graphite industry had more sophisticated technology and operated at a higher capacity. “We have heard that miners in other countries earn hundreds of thousands of rupees,” says Sunil Ekanayake, a 64-year-old assistant leader in the mine’s drilling section who has worked there since 1988. “But the Sri Lankan graphite doesn’t draw a high price and, as a result, we receive a low salary.” Continue Reading →

The godfather of graphene – by Adrian Nixon (InvestorIntel.com – October 3, 2016)

http://investorintel.com/

It is not every day you get to shake hands with a Nobel Prizewinner, especially if this particular Laureate is one Professor Sir Andre Geim who first isolated graphene (with his colleague Kostya Novoselov). I think this unassuming person will be one of the most important figures of the 21st century, read on to find out why…

I met the man in Manchester, UK, last week and I liked him. Andre Geim is not impressed by titles and honours. He does not like people calling him ‘Sir’ and discourages the use of the title ‘Professor’. Having these honours is satisfying for him from the point of view of an achievement provided it doesn’t get in the way of doing interesting work. Not for him retirement to the lecture circuit telling aspiring masses how to get a Nobel Prize.

If you are curious you can see what the Nobel Prize medal for Chemistry and Physics looks like at this link, oh, and it comes with a cash award of 8 million Swedish Kronor too. Continue Reading →

[Graphite pollution] IN YOUR PHONE, IN THEIR AIR – by Peter Whoriskey (Washington Post – October 2, 2016)

https://www.washingtonpost.com/

A trace of graphite is in consumer tech. In these Chinese villages, it’s everywhere.

At night, the pollution around the village has an otherworldly, almost fairy-tale quality. “The air sparkles,” said Zhang Tuling, a farmer in a village in far northeastern China. “When any bit of light hits the particles, they shine.”

By daylight, the particles are visible as a lustrous gray dust that settles on everything. It stunts the crops it blankets, begrimes laundry hung outside to dry and leaves grit on food. The village’s well water has become undrinkable, too.

Beside the family home is a plot that once grew saplings, but the trees died once the factory began operating, said Zhang’s husband, Yu Yuan. “This is what we live with,” Zhang said, slowly waving an arm at the stumps. Continue Reading →

NEWS RELEASE: Government of Ontario Invests in Innovation at Great Lakes Graphite Inc.

TORONTO, ONTARIO–(Marketwired – July 21, 2016) – Great Lakes Graphite Inc. (“GLK” or the “Company”) (TSX VENTURE:GLK)(OTC PINK:GLKIF)(FRANKFURT:8GL) will benefit from up to $412,000 from the government of Ontario for business expansion and support of technological and product innovation at the Matheson Micronization Facility in Matheson, Ontario.

The funding will fund capital expenditures needed to prepare the Matheson Micronization Facility for commercial production operations and will assist Great Lakes Graphite in adopting technologies to improve its production processes. The capital is offered as a combined grant and loan with 30% of the requested funds provided as a grant and the remaining 70% provided as a non-revolving term loan (the “Loan”) in an aggregate principal amount of up to $288,652.

The funding package will add meaningful financial strength and flexibility as the Company is entering the value-added graphite products market. Continue Reading →

Miner Ends Quest for Gold to Unearth Strongest Material in World (Graphite) – by Anna Hirtenstein (Bloomberg News – May 31, 2016)

http://www.bloomberg.com/

Mark Thompson dumped his plans for a gold mine to pursue a fortune in graphite, the same stuff used in pencils for centuries.

But he isn’t so interested in old-school writing instruments. Thompson’s Talga Resources Ltd. plans to convert high-grade graphite from Sweden into a material called graphene, which is stronger than steel, conducts electricity better than copper and is so light and flexible that companies like Samsung Electronics Co. are using it to develop new devices.

Graphene was discovered in 2004 by two British scientists who used Scotch tape to extract atom-thin layers of pure carbon from flakes of graphite, earning a Nobel prize for their work. While the market for it is still emerging, Talga’s effort to profitably produce the material could open commercial uses from batteries and touchscreens to smart clothing and building materials. Continue Reading →