La Libra, Facebook's digital currency, announced for 2021 in reduced format

The launch of Facebook's digital currency, Libra , could take place in 2021. The project may benefit from favorable factors in the global economy, but regulators will have to be convinced first.  Facebook could launch Libra, its digital currency in 2021, we learn from the British media Financial Times, which quotes people close to the process. The product is expected to arrive in a limited version, after the project has met with great aversion from regulators, including in the United States, the country where the headquarters of the social media management company are located. The stakeholder association behind this digital currency project is now planning to launch a single version of Libra that will itself be pegged to the dollar, at the rate of one unit of US currency for each Facebook digital currency . “The other forms of currencies will be deployed at a later stage,” the FT source added. The exact launch date will depend on when the project

DRC: AVZ Minerals publishes a solid definitive feasibility study for its Manono lithium project

In the DRC, the mining company AVZ Minerals released the results of the final feasibility study (DFS) on Tuesday for its Manono lithium and tin project. According to the study, the project could produce 700,000 tonnes of spodumene concentrate (SC6) and 45,375 tonnes of primary lithium sulfates annually over a 20-year lifespan.
DRC: AVZ Minerals publishes a solid definitive feasibility study for its Manono lithium project

It will take an investment of $ 545.5 million to develop the project, which includes, apart from the mine and the processing plant, the modernization of road infrastructure for transporting production and the rehabilitation of the Mpiana hydroelectric plant. Mwanga. The recovery period for this capital is estimated at 1.5 years (before tax) and 2.25 years (after tax).

The project is also expected to generate annual EBITDA of $ 380 million over the life of the mine with an internal rate of return of 33% and an estimated net present value of $ 1.03 billion (after tax). It should be noted that these various figures are drawn up on the scenario of a 100% participation in the project, while the company currently holds only 60% of interests which it can bring to 65%.

As a reminder, Manono is the largest hard rock lithium deposit in the world with an ore reserve of 44.6 million tonnes in the “proven” category and 48.5 million in the “probable” category. The project is also expected to produce small quantities of tin and tantalum.