May 17, 2020

Ormonde Mining and the Barruecopardo Tungsten Project – what you need to know

tungsten mining
mining
Tungsten
spanish mining
Dale Benton
2 min
Ormonde mining - digging and installing the water treatment at Barruecopardo
Atungsten mine, capable of processing 260,000 metric tome units of tungsten, is on course to meet its production start date next year.

Ormonde Mining h...

A tungsten mine, capable of processing 260,000 metric tome units of tungsten, is on course to meet its production start date next year.

Ormonde Mining has confirmed that its Barruecioardo tungsten mine is still on route to meet its production target at the end of 2017.

"We look forward to the full construction stage of the Project once the remaining land access procedural steps have been completed,” said chairman Michael Donoghue.

 

Ormonde Mining and the Barruecopardo Tungsten Project – what you need to know

 

Ormonde Mining, based in Ireland, is an AIM and ESM listed nuberak resource company with major development projects in Spain.

The key developments for Ormonde are, the Barruecopardo Tungsten Project, Gold exploration in Western Spain, and the La Zarza Copper Gold Project – a “massive” sulphide style deposit with significant associated copper, gold and zinc resources.

The Barruecopardo Tungsten Project is located in the Salamanca Province, Castilla y Leon Region in Western Spain.  

It is billed as a low cost, simple mining and simple metallurgy tungsten project. Ormonde retains 30 percent of the project, while Oaktree Capital Management holds 70 percent.

When production begins at the project, which is scheduled for a December 2017 start, there will be an estimated 260,000 metric tome unites of WO3 – Tungsten.

The mine currently has a nine-year mine life.

The total cost for the project, incorporating plant engineering and construction, water management, mining preparation, project services and environmental measures, comes to around 53.5m Euros.

As part of the mine development, a gravity processing plant will allow a throughput of 1.1 million tonnes per annum (“Mtpa”) operating five days per week, to produce an average 227,000 mtus of WO3 per annum over the nine-year life of the open pit.

Main Water Dam with a capacity of 760 million litres and smaller collection dams will ensure that the project is self-sufficient in its water requirement and, more importantly, not be a burden on other water supply sources in the area.

 

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Jul 20, 2021

British Lithium Pressured Due To Calls for Electric Cars

BritishLithium
mining
Lithium
Sustainability
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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