May 17, 2020

Welcome aboard: International Lithium continues its redevelopment strategy

Dale Benton
3 min
Welcome aboard: International Lithium continues its redevelopment strategy
Hot off the heels of appointing a new member to its Board of Directors, International Lithiumcontinues to build the team to advance its new business and...

Hot off the heels of appointing a new member to its Board of Directors, International Lithium continues to build the team to advance its new business and royalty model through the  the appointment of Patricia Fong as Chief Financial Officer and further additions to the Company’s management team.

Patricia Fong, CPA, CMA, brings over twenty years experience working with public companies in the resource sector. For eleven years, she held the role of Controller for the Lundin Group of Companies and since 2009, she has served as Chief Financial Officer and Corporate Secretary for several public resource companies. Ms. Fong is also fluent in Mandarin and Cantonese which will be an appreciable asset to the Company.

Ms. Fong replaces Maurice Brooks who had taken on the role of Chief Financial Officer on an interim basis earlier this year (Company news release, January 25, 2017). Mr. Brooks, recently appointed to the board of directors of ILC (Company news release, February 16, 2016), will remain a special advisor to the Company in the capacity of strategic risk management and internal audit.

International Lithium is also pleased to announce that Nancy La Couvée has joined the management team to assist in all aspects of corporate development, including corporate compliance, administration and shareholder communications. Ms. La Couvée has over twenty years of experience acting as Corporate Secretary of a number of public and private internationally focused companies.

The Company also welcomes Afzaal Pirzada, M.Sc., P.Geo., as a consultant to the Company. Mr. Pirzada is a Professional Geoscientist with over thirty years of experience in mineral exploration and mining with specific expertise in raw materials such as lithium, rare earth elements, graphite, PGE and uranium, that are required for today’s high tech energy industries. He was previously President, CEO and Director of Rock Tech Lithium and is registered as a Professional Geoscientist with the Association of Professional Engineers and Geoscientists of British Columbia. Mr. Pirzada is a Qualified Person as defined by NI 43-101. He joins ILC as a Chief Technical Consultant and will act as the Company’s Qualified Person as required.

“I welcome each of our new team members and am confident that their high level of professional experience will help to move ILC forward with its new business strategy, creating value for our shareholders while maintaining the highest standards of corporate responsibility.” Kirill Klip, Chairman, President and CEO of International Lithium Corp.

John Harrop has resigned from his position as Vice President Exploration. The Company would like to thank Mr. Harrop for his many years of service and his technical guidance in helping to build the Company’s current portfolio of projects.

 

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May 14, 2021

Copper production from top ten companies to increase by 3.8%

Copper
Codelco
First Quantum
Freeport-McMoRan
2 min
Following a marginal slump in copper production due to COVID-19, output from top ten companies set to rise up to 3.8% in 2021 reveals GlobalData analysis

Copper production from the world’s top companies is set to increase by up to 3.8% this year, following a fall of 0.2% in 2020, GlobalData analysis reveals. Last year’s marginal slump saw production drop to 11.76 million tonnes (Mt).

Copper

The initial impact of the COVID-19 pandemic on mining operations was immense, however, six of the ten largest copper producers succeeded in increasing output last year. In 2021, copper production from the top ten copper companies is expected to bounce back, rising by up to 3.8%, to reach 12.2Mt, according to GlobalData, a leading data and analytics company. 

First Quantum

The highest increase in copper production was by Canada’s First Quantum, which, despite all the challenges, reported 10.4% growth in 2020. The company’s Sentinel mine in Zambia and Cobre Panama were key contributors to this growth. While the latter remained under care and maintenance between April and August 2020, it delivered record production levels during the subsequent months.

Copper

Codelco

Codelco, the world’s largest producer of the red metal used in electric vehicles, also bucked the trend.

Vinneth Bajaj, Associate Project Manager at GlobalData, commented: “Despite Codelco reporting over 3,400 active cases during July 2020, the company achieved 1.2% growth in its production in 2020. The company implemented a four-phase plan, as part of the COVID-19 measures, to ensure the health and safety of its employees, while also avoiding any significant impact to its copper output.” 

Freeport McMoRan

Although the overall impact was minimal, declines in production were observed from Glencore (8.2%), Antofagasta (4.7%), BHP (3.9%) and Freeport McMoRan (1.3%). Reduced operational workforces due to COVID-19 measures, lower ore grades and production halts due to maintenance were the key disruptors to output during 2020.

Electric Vehicles

The move towards electric vehicles and clean energy from renewables sources such as solar panels and wind turbines has driven the copper price to all-time highs. Copper has been among the best performers over the last month where metals ranging from aluminum to iron ore have surged to their highest prices in years. The rally is being fueled by stimulus measures, near-zero interest rates and signs that economies are recovering from the global pandemic. 

 

 

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