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Sconi

Aug 16, 2021
Breakthrough battery supply deal for Sconi

Breakthrough battery supply deal for Sconi

Key EV battery producer LG Energy Solution is snapping up all of the mixed nickel-cobalt hydroxide to be produced by North Queensland’s Sconi project in its first six years. Sconi proponent Australian Mines has hailed the binding offtake agreement with LGES as a major milestone for the $2 billion project. And LGES believes the deal… This content is for iQ Industry Queensland, iQ Coal,...

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Jul 28, 2021
Sconi mine proponent raises $6.5m

Sconi mine proponent raises $6.5m

The company behind North Queensland’s Sconi mine project has raised $6.5 million as it focuses on a value-add product, P-CAM, as part of its battery materials offering. Australian Mines announced that it had received firm commitments to raise the new equity via a fully committed shareplacement to institutional, sophisticated and professional investors. Managing director Benjamin… This...

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Jun 02, 2021
Study backs P-CAM option for Sconi

Study backs P-CAM option for Sconi

A scoping study has backed the production of precursor cathode active material (P-CAM) products at Australian Mines’ flagship Sconi project in North Queensland. Incorporating a P-CAM facility in the Sconi processing stream would increase the capital cost estimates for the project by $104.6 million. The study showed P-CAM production could deliver a significant revenue boost… This conte...

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Jan 30, 2021
Sconi proponent keen on high-value product option

Sconi proponent keen on high-value product option

Sconi mine proponent Australian Mines is turning its focus to the potential to switch to a more lucrative product line at the North Queensland project, poised to meet the needs of the global electric vehicle sector. The company has accelerated research and development into the production of high value-add precursor cathode active material (P-CAM) for nickel-cobalt-manganese… This conte...

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Dec 17, 2020
Defence gives Sconi all-clear to operate in training area

Defence gives Sconi all-clear to operate in training area

Defence has paved the way to allow mining activities to co-exist on land being developed near Greenvale in North Queensland as part of the Australia-Singapore Military Training Initiative (ASMTI). The signing of a Deed of Access for resource extraction linked to the Sconi project would provide certainty for the planned nickel and cobalt mine and… This content is for iQ Industry Queensland, ...

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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… This ...

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Oct 07, 2020
Sconi in the spotlight at key  nickel forum

Sconi in the spotlight at key nickel forum

A world nickel industry guru identified the Sconi nickel laterite project in Queensland as one of the potential major new mines in the world to service the growing battery market for electric vehicles. The Sconi deposit is located near Greenvale west of Townsville. Jim Lennon of Macquarie Commodities (Europe) listed Sconi in his keynote and… This content is for iQ Industry Queensland, iQ Co...

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Jul 24, 2020
Musk nickel message strikes a chord with industry

Musk nickel message strikes a chord with industry

A plea this week from Tesla boss Elon Musk for mining companies to get out and produce nickel is music to the ears of Australian Mines managing director Benjamin Bell. It’s not that the industry has been unaware of nickel’s importance as the electrical vehicle and battery storage market grows. “It’s just good now that… This content is for iQ Industry Queensland, iQ C...

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Jul 15, 2020
State puts its money behind Sconi start

State puts its money behind Sconi start

The Queensland Government is providing a financial leg-up for the  $1.4 billion Sconi cobalt-nickel-scandium project in North Queensland. The amount involved remains confidential and it comes with a range of conditions, including that Sconi developer Australian Mines completes construction by July 2023. The State financial support package comes after the Queensland Government last year grante...

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