UPDATE : ZAVALIEVSKY GRAPHITE
GLOBAL NEWS • to partners such as UIG . This covers the entire value chain from battery design all the way to the subsystem support for the OEMs ’ battery energy storage systems , while meeting safety and performance standards .
“ While Volvo Penta provides the subsystem to the battery energy storage , our partners have deep grid operability and application expertise ,” adds Darren Tasker , vice president Industrial , Volvo Penta North America . “ Our cooperation enables a lean , start-up way of working that will help us both to scale up quickly , with UIG contributing its vast experience in the intricacies of deploying advanced power systems to specific segments .”
“ The pursuit of a fully decarbonised grid is a worthy , yet complex , endeavour because we cannot sacrifice the reliability that society has come to expect from traditional grid operations ,” concludes Sidney Hinton , founder and CEO of UIG . “ As the grid evolves , and large energy users rapidly become ‘ prosumers ’ continually investing in new types of power systems , the need arises for innovative solutions . Our integration experience , combined with Volvo Penta ’ s compelling solution , gives us a key market advantage – enabling our teams to shape the future of electric grid infrastructure across the globe .”
The pursuit of a fully decarbonised grid is a worthy , yet complex , endeavour because we cannot sacrifice the reliability that society has come to expect from traditional grid operations .
UKRAINE :
UPDATE : ZAVALIEVSKY GRAPHITE
Earlier this year , graphite producer and battery materials developer Volt Resources Limited provided an update regarding the status of operations at the Zavalievsky Graphite ( ZG ) mine and processing plant .
As announced to the market , ZG recommenced operations on 1 August 2022 following lengthy periods of significant disruption due to the Russian invasion of Ukraine in late February 2022 . European suppliers required payment in advance of delivery of operating consumables and maintenance spares to the Zavallya operations which , combined with extended product payment terms from customers , created a large working capital deficiency .
Volt proceeded with the raising of capital to , among other uses , provide funds to ZG to address the working capital deficiency . In November 2022 , energy supply disruptions commenced due to Russian missile attacks on power generation facilities affecting the entire Ukraine energy grid . Combined with the continuation of supply disruptions , this has resulted in ZG management being unable to recommence production prior to the Ukraine winter . ZG usually ceases operations during winter , as temperatures below freezing cause issues with pumping of process water supply and tailings material . Energy supply disruptions continued and with winter conditions lasting to approximately March 2023 , ZG operations remained suspended at that time .
Graphite production of 846 tonnes during August was achieved from only 14 days of processing operations with an average of 60.5 tonnes of graphite product per day prior to the working capital and supply chain issues suspending production . This production has been sold , apart from approximately 30 tonnes retained for battery anode material testwork and other uses , with prices achieved during the December 2022 quarter ranging between EUR520 per tonne FCA for low grade fine material to EURO1 900 per tonne DAP for purified graphite grading 99.5 % TGC .
Volt and ZG management continue to monitor the situation , address the issues , and define the best way forward . As new information becomes available , the company will provide further updates to the market . •
Source :
1 . Volt Resources ASX Announcement
www . africanmining . co . za African Mining Publication African Mining African Mining • June 2023 • 9