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C4V Delivers Lithium-Ion Battery For Smart Grid Project

Magnis Resources (ASX:MNS) (“Magnis” or the “Company”) is pleased to advise that exclusive battery manufacturing partner and investee company, Charge CCCV (C4V), has achieved a major milestone in delivering its first battery towards a demonstration project that was approved under a New York State Government entity.

Magnis Resources (ASX:MNS) (“Magnis” or the “Company”) is pleased to advise that exclusive battery manufacturing partner and investee company, Charge CCCV (C4V), has achieved a major milestone in delivering its first battery towards a demonstration project that was approved under a New York State Government entity.

As detailed in the C4V press release overleaf, the project relates to the development of a software system that combines renewable energy sources with lithium-ion batteries and demand management to create a low cost Distributed Energy Resource (DER) System. This system essentially assists in the integration of renewables into the power grid by mitigating instabilities arising from short-term fluctuations in renewable energy
generation. This is of particular relevance to the New York State region, due to the large number of cloudy or overcast days that cause such short-term fluctuations.
Partners in this project include the New York State Government entities, Binghamton University, Ioxus and C4V. Magnis announced via an ASX release on 29 March 2018 that it has made a strategic investment to acquire a 10% interest in C4V and secure an exclusive agreement over selective patents, which will assist in driving the Company’s growth in the lithium-ion battery sector.

A full version of C4V’s press release is attached overleaf for convenience.

Travis Peluso
Investor Relations Director

Magnis Resources Limited
Ph: +61 411 404 814

Follow Magnis Resources on Twitter: https://twitter.com/magnisresources

Charge CCCV, C4V, today announced its first article as prototype for delivery towards a demonstration project being led by Binghamton University for New York State.

C4V brings its patented intellectual property in advanced lithium-ion materials to the New York State’s goals of developing an in-state, volume, li-ion battery production capability.

New York (NY) State is in the top five states of distributed energy installations including significant potential for additional solar photovoltaic (PV) and wind. However, the high penetration of intermittent distributed energy resource (DER) generation also introduces unprecedented levels of variation and uncertainty into the power grid. For example, the power output forecast errors of a PV system can be very high on a cloudy day. The problem becomes especially challenging in the regions with large number of cloudy days. From the utilities’ perspective, the rapid changes of behind-the-meter DER generation may incur rapid variation of voltages at feeders and substations. Integrating energy storage systems with DER generation is one of the promising solutions. However, there are two main challenges:
• The high levelized cost of energy storage system can make the storage related solution less economic attractive compared to alternatives; and
• Difficulty in coordination of many geographically distributed inverter-controlled DERs for utilities.

Purpose of this demonstration project is an inverter-centric design framework that integrates cooperative energy management algorithm and passive anti-islanding protection with high detectability and small detection delay that can support high penetration of renewable energy in distribution system. The proposed system is designed for behind-the-meter applications such as small commercial buildings or multifamily buildings. The solution integrates made-in-NY advanced Li-ion batteries and ultra-capacitors to help DER generation units achieve higher capacity value, higher efficiency, and higher reliability. The proposed system is a software-defined system that is programmable to respond to particular needs of consumers and utilities, and scalable to span a wide range of grid services.

This project proposed to develop a low-cost active DER system, which will address and resolve the challenges from both power grid side and end consumer side. In order to develop a battery for the project, C4V has been working with the supply chain that constitutes more than 40 companies which supply various components of the battery. A robust supply chain that C4V has been able to put together also brings next generation, ready to go on production floor, Cathode chemistry, Graphite Anode, Internet of Thing based Battery Management Systems and a state of the art battery manufacturing plant that is moved to New York from North Carolina.

“From the start, C4V initiated activities have shared a common vision of helping develop a domestic commercial-scale supply chain. We believe that in many cases we can now make raw material qualification process more efficient and accelerate launch cycles to only a couple of months,” said Shailesh Upreti, President of C4V. “We are also working directly with product OEMs and have several major contracts in hand internally as well as via our consortium Imperium3 New York to make this supply chain more sustainable. Delivering first article of small 1KWh size is a big milestone in terms of demonstrating viability of a commercial supply chain and its cohesive impact. C4V is now gearing toward 10KWh, 50KWh, 5000 KWh and 1-3 MWh demonstration projects in coming months”.

Funded by the New York State Energy Research and Development Authority (NYSERDA), this demonstration project supports Governor Andrew M. Cuomo’s nation-leading energy storage target of 1,500 megawatts by 2025. Achieving New York State’s ambitious target will deliver approximately $2 billion gross lifetime benefits to New Yorkers, including electric distribution system savings and reduced greenhouse gas emissions.

Other members of the team for this demonstration project include:
• Binghamton University:
o Ziang Zhang, Assistant Professor, renewable energy integration, distributed energy management;
o Ning Zhou, Assistant Professor, storage system dynamics, modelling, and health data analysis;
o N. Eva Wu, Professor, monitoring, protection, and control of PV-grid interconnections;
• NYSEG (New York State Electric & Gas) the utility partner, serves nearly 900,000 customers in New York and is one of four utility companies held by AVANGRID.
• IOXUS, Oneonta, NY, Ultra-capacitor manufacture.

About C4V: C4VTM is an intellectual property company based in Binghamton, New York with expertise and patented discoveries in Lithium-Ion battery composition and manufacture. C4V leverages its expertise in electrode design and process development to create next-generation storage materials that can be seamlessly integrated into current cell manufacturing lines.

About Binghamton University: A world-class institution, Binghamton University offers students a broad, interdisciplinary education with an international perspective and one of the most vibrant research programs in the nation. Ranked among the elite public universities in the country, Binghamton challenges students academically, not financially, in its unique, best-of-both-worlds environment.

About NYSEG: New York State Electric and Gas (NYSEG) is an electric and gas utility company owned by Avangrid that serves customers in New York. NYSEG was incorporated in 1852 as the Ithaca Gas Light Company. Throughout the end of the 19th century and the early part of the 20th century, the corporation went through mergers and acquisitions that combined about 200 utility companies under the name NYSEG. In 1975 the corporation became an 18% partner in the Niagara Mohawk Power Corporation’s Nine Mile Point nuclear plant, and in the 1980s NYSEG completed a series of hydroelectric power plants. In 2008 NYSEG became part of Iberdrola, when Iberdrola bought Energy East.
About Ioxus: Founded in 2007, Ioxus is a smart power company that designs and manufactures intelligent power and energy storage technology for transportation, alternative energy, medical, industrial and grid -connected markets. Designed and manufactured in the U.S., the company’s uSTART and X-Series products are based on patented ultracapacitor technology. Ioxus is headquartered in Oneonta, NY, with sales, service and quick-delivery inventory.

Click here to connect with Magnis Resources (ASX:MNS) for an Investor Presentation.

Source: drive.google.com

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There are many big Australian gold stocks, but these are the five top companies in the sector by market cap.

Australia is the fourth largest producer of gold worldwide, and this past year has brought ups and downs for the commodity. The precious metal hit its 2021 high point early on and fell soon after.

Lately, gold has been resting at a strong price of around US$1,800 per ounce, and it seems like it will exit the year that way. It may even be in for a serious price hike if inflationary pressures continue on their current trajectory.

Read on to learn more about Australia’s five top gold companies by market cap. All market cap and share price information was obtained on November 25, 2021, using TradingView's stock screener.


1. Newcrest Mining

Market cap: AU$19.54 billion; current share price: AU$24.14

Newcrest Mining (ASX:NCM) operates a portfolio of gold mines across Australia, Canada and Papua New Guinea. These include its New South Wales-based Cadia mine and its Western Australia-based Telfer and Havieron mines.

In November 2021, Newcrest agreed to purchase British Columbia-based Pretium Resources (TSX:PVG,NYSE:PVG) for C$3.5 billion, marking the company’s expansion into Western Canada.

2. Kirkland Lake Gold

Market cap: AU$14.57 billion; current share price: AU$54.99

Kirkland Lake Gold (ASX:KLA) has mining operations in Australia and Canada, both of which are low-risk, gold-rich countries. The company’s Fosterville mine is based in Victoria, Australia, and as of December 31, 2018, its mineral reserves stood at 2.7 million ounces. It produced 640,467 ounces in 2020.

In September 2021, Kirkland Lake Gold and Agnico Eagle Mines (TSX:AEM,NYSE:AEM), a Canadian gold miner, announced a “merger of equals." The new company will go by the name Agnico Eagle Mines, and the companies expect the transaction to close in late 2021 or early 2022.

3. AngloGold Ashanti

Market cap: AU$12.43 billion; current share price: AU$5.83

AngloGold Ashanti (ASX:AGG) is a global gold miner formed in 2004. It has two Australia-based operations, both of which are based in Western Australia’s northeastern goldfields: Sunrise Dam and Tropicana. Sunrise Dam is 100 percent owned, while Tropicana is 70 percent owned, with the remaining 30 percent owned by Regis Resources (ASX:RRL,OTC Pink:RGRNF). In 2020, these operations produced 554,000 ounces of gold.

In Q3 2021, AngloGold Ashanti reported total gold production of 613,000 ounces at a total cash cost of US$927 per ounce. This represents a 5 percent quarter-over-quarter increase in production, though a year-to-date decrease.

4. Northern Star Resources

Market cap: AU$11.39 billion; current share price: AU$9.66

Northern Star Resources (ASX:NST) is an Australian gold-mining company with projects throughout Western Australia and North America at its Kalgoorlie, Yandal and Pogo production centres. In the 2021 fiscal year, Northern Star experienced a 40 percent revenue increase and a 10 percent cash earnings hike.

In late November 2021, Northern Star announced an agreement to buy Newmont Australia’s power business for US$95 million. The company paid US$25 million for the option to purchase this business, an opportunity it was given through its recent 50 percent acquisition of Kalgoorlie Consolidated Gold Mines.

5. Evolution Mining

Market cap: AU$7.53 billion; current share price: AU$4.12

Australian gold miner Evolution Mining (ASX:EVN) has projects throughout New South Wales, Queensland and Western Australia, as well as in Ontario, Canada. Evolution Mining produced 680,788 ounces of gold in the 2021 fiscal year at an all-in sustaining cost of AU$1,215 per ounce.

In 2019, Evolution Mining became one of only two Australian gold companies to be included in the Dow Jones Sustainability Index (INDEXDJX:W1SGI). In 2020 and 2021, the company made several strategic acquisitions and divestments, including its high-value purchases of the Red Lake and the Kundana operations.

This is an updated version of an article originally published by the Investing News Network in 2018.

Don’t forget to follow us @INN_Australia for real-time updates!

Securities Disclosure: I, Isabel Armiento, hold no direct investment interest in any company mentioned in this article.

What are the largest Australian copper companies? These five ASX copper stocks are the biggest on the exchange by market cap.

Last year, pandemic restrictions forced copper mines to shut down across the world, driving down global production and causing the 10 largest copper-mining companies to suffer dramatic losses.

But in 2021, copper hit an all-time high of US$10,700 per tonne, and stayed over US$9,000 for much of the year.

The three top copper-producing countries globally are Chile, Peru and China, with Australia coming in at number six. Still, there are plenty of untapped resources in the land down under, and Australia is making a name for itself as an up-and-coming producer of this important base metal.


Read on to learn more about the top five Australian copper companies on the ASX, ranked by market cap. All market cap and share price information was obtained on November 26, 2021, from TradingView.

1. BHP

Market cap: AU$192.56 billion; current share price: AU$38.03

BHP (ASX:BHP) is a top global producer of copper, nickel, potash, iron ore and metallurgical coal, with copper production centralised at its South Australia-based Olympic Dam mine.

The company, whose headquarters are in Melbourne, Australia, emphasises copper’s function in renewable energy systems and the metal’s critical role in reducing carbon dioxide emissions.

Recently, BHP has focused its attention on its energy assets. In late November, the company merged its oil and gas portfolio with Woodside Petroleum, a deal that was originally struck in August of the same year. On the mineral side of its operations, BHP was looking to acquire Noront Resources (TSXV:NOT,OTC Pink:NOSOF), a Canada-based nickel, copper, chrome and platinum company, but decided not to match a superior offer.

2. OZ Minerals 

Market cap: AU$8.77 billion; current share price: AU$25.70

OZ Minerals (ASX:OZL) is a South Australia-based copper-mining company founded in 2008. Its operations include the Carrapateena project, where construction was completed in 2019, and the upcoming Malu underground mine, which was commissioned in 2015.

In a November press release, OZ Minerals reported a year-to-date 5 percent increase in group ore reserve copper metal tonnes. In its third quarter results, the company reported guidance of between 120,000 and 145,000 tonnes of copper for the year.

3. Sandfire Resources

Market cap: AU$2.59 billion; current share price: AU$6.11

Sandfire Resources (ASX:SFR) owns 7,189 square kilometres in the Bryah Basin region of Western Australia, including its DeGrussa and Monty operations. Both of these are 100 percent owned and produce copper and gold.

The company released its third quarter results in October, reporting total copper production of 15,946 tonnes. Sandfire expects output of between 64,000 and 68,000 tonnes of copper in 2022.

4. 29Metals

Market cap: AU$1.29 billion; current share price: AU$2.63

Australia-based mining company 29Metals (ASX:29M) has the Golden Grove mine in Western Australia and the Capricorn copper mine in Queensland, along with several promising new growth opportunities lined up. 29Metals focuses on copper production, though it also mines for zinc, gold and silver.

According to an October release from the company, production was weaker than expected at Golden Grove during the September quarter. However, the asset's quarter-on-quarter decline of about 10 percent was largely offset by a strong performance at Capricorn.

5. Copper Mountain Mining

Market cap: AU$804.96 million; current share price: AU$3.81

Copper Mountain Mining (ASX:C6C) is a Canadian and Australian copper miner, with its flagship Copper Mountain operation in British Columbia, Canada, and its Eva and Cameron copper projects in Queensland, Australia.

In the third quarter, Copper Mountain Mining reported total output of 22.4 million pounds of copper at its Copper Mountain mine, representing a 12.1 percent quarter-over-quarter decline in production. The company still reported positive cash flow, with strong construction and exploration gains made at its Eva and Cameron projects.

This is an updated version of an article first published by the Investing News Network in 2018.

Don’t forget to follow us @INN_Australia for real-time updates!

Securities Disclosure: I, Isabel Armiento, hold no direct investment interest in any company mentioned in this article.