PLS 2.72% $3.02 pilbara minerals limited

Good News & Bad News, page-44314

  1. 379 Posts.
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    I was able to find this Reuters article from a year ago (July 2023):

    https://www.reuters.com/markets/commodities/sinomine-completes-300-mln-zimbabwe-lithium-projects-2023-07-10/

    It indicates the following:

    1. Bikita was upgraded by Sinomine, with nameplate capacity now 300 ktpa of SC and 480 ktpa of petalite.

    2. In July 2023, Zhejiang upgraded their concentrate plant at Arcadia, with nameplate capacity at 450 ktpa SC.

    3. In May 2023, Sabi Star's concentrator was commissioned with nameplate capacity at 300 ktpa.

    4. Finally, it noted that PAM's Zulu mine was supposed to be commissioned in the near future, with a measly 50 ktpa capacity.

    The Reuters article didn't make any mention of ore caliber or the concentration of the SC at any of the mines, but it indicates that the four Lithium mines in Zimbabwe either are or will soon be producing 1.1 mtpa SC, though quality is still questionable. As an aside, Mining Technology ran the same article, also on 10 July 2023 (neither article cites the other, but the Reuters article does cite the reporter's name).

    According the PAM's website, the Zulu mine has 24.75 MT of ore, and they claim they are optimizing the plant for SC6 output, but the ore only rates 0.41 to 0.45% Li2O. The webpage for the Zulu mine also indicates that they have tantalum, petalite and mica/lepidolite.

    The Chengxin website's webpage for Sabi Star indicates an average ore quality of 1.98% Li2O. It also looks like it hasn't been updated in a while, because it says it will be producing 200 ktpa of SC by 2022, but the Reuters article cites a concentrator commissioning in May 2023 at 300 ktpa. To decide what was accurate, I went to a local article from April of this year, in The Herald (of Zimbabwe), which was really about the Sabi Star power plant, but noted the 300 ktpa output.

    Here's that article:

    https://www.herald.co.zw/15mw-sabi-star-mine-plant-nears-completion/

    According to the Bikita page on Wikipedia, the Bikita mine ore grades at 1.4% Li2O, but unfortunately, the source cited for that claim is a dead link, and I tend to be a bit skeptical about Wikipedia when I can't confirm the source.

    I was able to confirm that Bikita was closed down by the government in May of 2023, but it was only for a week:

    https://www.aninews.in/news/world/others/zimbabwe-shuts-down-chinese-owned-bikita-minerals-weeks-after-claims-of-lithium-looting20230521152747/#:~:text=Twitter%2FFarai%20Maguwu)-,Zimbabwe%20shuts%20down%20Chinese%2Downed%20Bikita%20Minerals,after%20claims%20of%20lithium%20looting&text=Harare%20%5BZimbabwe%5D%2C%20May%2021,suspend%20operations%2C%20reported%20New%20Zimbabwe.

    By April of this year, there was this scathing article regarding the environmental impact of the running Bikita Mine, so it seems that the mine closure was temporary, and I couldn't find anything indicating that it lasted more than the one week cited in the article, above.

    https://news.mongabay.com/2024/04/locals-slam-zimbabwe-for-turning-a-blind-eye-to-chinese-miners-violations/

    Best regards

 
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