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Nov 26, 2020
New supply deal for NQ battery materials plant

New supply deal for NQ battery materials plant

Pure Minerals has announced a deal to supply battery maker Samsung SDI with nickel products from its Townsville plant. Samsung SDI is seeking to purchase up to 6000t per annum of contained nickel from the TECH (Townsville Energy Chemicals Hub) project. Pure Minerals chief executive officer Stephen Grocott said the company was consistently gaining traction with end users who viewed it as a p...

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Nov 24, 2020
Land deal sets scene for TECH plant progress

Land deal sets scene for TECH plant progress

A planned $550 million-plus Townsville battery materials plant is a step closer with Queensland Pacific Metals formally securing the project site. The company, a subsidiary of Pure Minerals, has entered into a binding reservation deed with Townsville City Council for the land in theLansdown Eco-Industrial Precinct. “The reservation deed secures the TECH (Townsville Energy Chemicals Hub) ...

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Oct 22, 2020
$1 trillion needed for energy transition metals

$1 trillion needed for energy transition metals

More than $US1 trillion of investment will be needed in metals such as aluminium, cobalt, copper, nickel and lithium over the next 15 years to meet the growing demands of decarbonisation, according to analysts Wood Mackenzie. This is almost double the figure invested over the previous 15 years. “One can argue about both the pace and scale of the energy transition but the criticality of me...

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Oct 21, 2020
Sconi talks continue as battery crunch looms

Sconi talks continue as battery crunch looms

The clock is ticking for potential Sconi offtake partners to secure battery materials ahead of a forecast ‘pinch point’ for nickel supplies in 2023, says Australian Mines. In a quarterly update the company said its priority was advancing discussions with potential offtake partners for the North Queensland cobalt-nickel-scandium project. The market dynamics of the electric vehicl...

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Oct 15, 2020
Korean deal may push up scale of Townsville plant

Korean deal may push up scale of Townsville plant

Pure Minerals is looking at scaling up its planned Townsville battery materials plant after scoring a major deal with South Korean chemical company LG Chem. It says the move would bring economies of scale along with more jobs and other benefits for Townsville and the greater community. LG Chem is seeking to buy up to 10,000 tonnes of contained nickel and about 1000 tonnes of contained cobal...

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Oct 14, 2020
Aurizon in $50m push for low-carbon locos

Aurizon in $50m push for low-carbon locos

Rail freight operator Aurizon will look into low-carbon options to drive its trains, including battery and hydrogen power. The company has announced a $50 million Future Fleet Fund as part of a climate strategy released today. Managing director and chief executive officer Andrew Harding said more than 90 per cent of the company’s emissions were associated with the consumption of energ...

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Sep 21, 2020
Townsville battery tech proponent making headway

Townsville battery tech proponent making headway

Pure Battery Technologies has acquired a commercial-scale processing operation in Germany – bringing its proposed Townsville plant a step closer. The Queensland battery material refiner has completed its feasibility study and is seeking investment prior to construction of what it describes as a ‘shovel ready’ project in Townsville. The proposed plant – expected to co...

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Sep 04, 2020
Strong support for Townsville battery factory shares placement

Strong support for Townsville battery factory shares placement

Magnis Energy Technologies has welcomed ‘firm commitments’ from institutional, professional and other investors to raise $7.65 million via a placement of 45,000,000 ordinary shares at 17 cents per Share. The company is proposing to build a battery plant in Townsville. The offer is being managed by joint lead managers Aitken Murray Capital Partners and Foster Stockbroking and inc...

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Aug 17, 2020
State green light on $3b battery plant plan

State green light on $3b battery plant plan

Imperium3 Townsville is moving ahead with its planned $3 billion North Queensland lithium-ion battery plant after receiving State approval on the project feasibility study. Magnis Energy Technologies, one-third owner of iM3TSV, announced the approval today and said the board had formally approved investment to proceed to the next stage of development. it said the Imperium3 consortium was n...

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