May 17, 2020

Lundin Mining to increase mine life of Eagle mine to 2020, following assessment

Lundin Mining
Eagle Mine
Eagle East
Canadian Mining
Dale Benton
2 min
Lundin Mining to increase mine life of Eagle mine to 2020, following assessment
Lundin Mining, the Canadian based metals mining company, has announced that it will increase the mine life of its Eagle mine in northern Michigan to 202...

Lundin Mining, the Canadian based metals mining company, has announced that it will increase the mine life of its Eagle mine in northern Michigan to 2020, following the results of a Preliminary Economic Assessment (PEA).

The company has also announced that it has authorised the commencement of an access ramp development to Eagle East, which will contribute to the extended mine life.

The Eagle East massive and semi-massive nickel-copper sulphide mineralization is located approximately two kilometres east of the Eagle mine deposit.

Acquired from Rio Tinto in a $325-million deal in 2013, the project only had a mine life of eight years.

The company said that similar mining methods to Eagle are proposed which will significantly increase nickel and copper production from 2020 and extend the mine life to at least the end of 2023.

Mr. Paul Conibear, President and CEO of Lundin Mining stated, "Our intensive exploration campaign at Eagle East has been a resounding success. The results of the Preliminary Economic Assessment on Eagle East demonstrate significant incremental value and on this basis we have initiated a Feasibility Study and I am pleased to approve the start of access development to the deposit. The successful development of Eagle East will be good news for Eagle employees, local stakeholders and our shareholders alike."

Following the results of the PEA, Lunpin Mining has initiated a Feasibility Study on Eagle East, which is due for completion prior to the end of 2016.


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Jul 20, 2021

British Lithium Pressured Due To Calls for Electric Cars

3 min
The ever-increasing need for electric vehicles is mounting pressure on British Lithium as the 2035 deadline inches closer

The British demand for lithium is set to reach 75,000 tonnes by 2035 as the government works towards their ban on the sale of high-polluting diesel and petrol vehicles within the UK. This comes as automakers worldwide continue to insist on the benefits electric vehicles will have on slowing the rate of climate change. 

It is estimated that the UK will require 50,000-60,000 MT of lithium carbonate a year by 2035 for battery production to satisfy government needs. This is assuming production remains at 1.2 million vehicles per year, and the amount of lithium required does not increase.

British Lithium, which hopes to begin constructing a quarry to produce 20,000 MT of lithium carbonate a year in a $400 million investment, are not without competitors, both within the UK and abroad. 

Competition For Lithium Rises In Europe 

After only five years after its initial launch, Cornish Lithium is setting its sights on becoming a UK powerhouse in mining lithium, aiming to begin commercial production in under four years. Jeremy Wrathall, a former investment banker and current managing director of Cornish Lithium, had the future in mind when founding the company. 

“In 2016, I started to think about the electric vehicle revolution and what that would mean for metal demand, and I started to think about lithium,” he said in an interview with AFP. “A friend of mine mentioned lithium being identified in Cornwall, and I just wondered if that was a sort of unrecognised thing in the UK.”

Lithium was first discovered in Cornwall around 1864 and has not been mined again since 1914 when it was produced as an ingredient in fireworks. Now, however, Cornish Lithium is reportedly in the testing stage to see if the metal can be produced commercially to meet the growing demand required for the electric car sector. 

Despite Cornwall’s close historic ties to mining lithium, Wrathall insists that the project is purely commercial. 

Cornish Mining Revival For Lithium Production

“It’s not a mission that drives me to the point of being emotional or romantic,” he says. “It’s vitally important that we do get this technology otherwise Europe has got no lithium supply.”

The European Commission has also stated their goal to end the sale of new petrol and diesel cars by 2035 to aid the environment. That being said, the majority of lithium extraction currently relies on power provided by environmentally damaging fossil fuels─a slight contradiction. 

Alex Keynes, from the Brussels-based lobby group Transport & Environment, is adamant that mining for lithium should be done sustainably. 

“Our view is that medium-to-long term, the majority of materials including lithium should come from efficient and clean recycling.

“Europe from a strategic point of view should be looking at securing its own supply of lithium.”

Despite growing competition from abroad, British Lithium Chairman, Roderick Smith, continues to place importance on the mining of lithium within the UK. 

“Imagine what the UK economy would look like if we lost our automotive industry,” Smith says. “The stakes are high for the UK.”

Smith expects the UK to compete with other European countries to secure a lithium battery plant in the near future.

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