Mining

Pelangio Exploration (TSX-V:PX)

Published

10 years ago

February 27, 2014

Jeff Desjardins

Pelangio Exploration is a junior gold exploration company that acquires and explores camp-sized land packages in world-class gold belts, while using innovative corporate restructuring to maximize shareholder value.

Pelangio’s most recent success was the acquisition, exploration, re-envisioning and subsequent sale to Detour Gold of the Detour Lake deposit in northern Ontario (now has a 15.6 million ounce reserve and excellent growth potential). As at Detour Lake, Pelangio consistently focuses on acquiring large land packages in existing gold camps.

The Company is now seeking even greater success on its latest projects: the Manfo, Akroma and Obuasi Properties in Ghana, West Africa. Pelangio’s 100 square kilometre Manfo Property, which lies on the Sefwi greenstone belt between the Ahafo and Chirano mines, respectively operated by Newmont and Kinross, is the site of near-surface discoveries, both high grade and bulk tonnage, on seven separate targets. The 160 square kilometer Block A and Block B Akroma property is located north of the Sefwi belt and has geochemical targets for testing in 2013. The Company is also actively exploring its 290 square kilometre Obuasi Property, located on strike and adjacent to AngloGold Ashanti’s Obuasi mine, which has produced over 30 million ounces of gold since 1897.

For more information visit the Pelangio Exploration website.

Related Topics:mining gold africa pelangio exploration ghana detour lake VC exclusive

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Ranked: The Top 10 EV Battery Manufacturers in 2023

Asia dominates this ranking of the world’s largest EV battery manufacturers in 2023.

Published

3 days ago

April 22, 2024

Bruno Venditti

The Top 10 EV Battery Manufacturers in 2023

This was originally posted on our Voronoi app. Download the app for free on iOS or Android and discover incredible data-driven charts from a variety of trusted sources.

Despite efforts from the U.S. and EU to secure local domestic supply, all major EV battery manufacturers remain based in Asia.

In this graphic we rank the top 10 EV battery manufacturers by total battery deployment (measured in megawatt-hours) in 2023. The data is from EV Volumes.

Chinese Dominance

Contemporary Amperex Technology Co. Limited (CATL) has swiftly risen in less than a decade to claim the title of the largest global battery group.

The Chinese company now has a 34% share of the market and supplies batteries to a range of made-in-China vehicles, including the Tesla Model Y, SAIC’s MG4/Mulan, and various Li Auto models.

Company	Country	2023 Production (megawatt-hour)	Share of Total Production
CATL	🇨🇳 China	242,700	34%
BYD	🇨🇳 China	115,917	16%
LG Energy Solution	🇰🇷 Korea	108,487	15%
Panasonic	🇯🇵 Japan	56,560	8%
SK On	🇰🇷 Korea	40,711	6%
Samsung SDI	🇰🇷 Korea	35,703	5%
CALB	🇨🇳 China	23,493	3%
Farasis Energy	🇨🇳 China	16,527	2%
Envision AESC	🇨🇳 China	8,342	1%
Sunwoda	🇨🇳 China	6,979	1%
Other	-	56,040	8%

In 2023, BYD surpassed LG Energy Solution to claim second place. This was driven by demand from its own models and growth in third-party deals, including providing batteries for the made-in-Germany Tesla Model Y, Toyota bZ3, Changan UNI-V, Venucia V-Online, as well as several Haval and FAW models.

The top three battery makers (CATL, BYD, LG) collectively account for two-thirds (66%) of total battery deployment.

Once a leader in the EV battery business, Panasonic now holds the fourth position with an 8% market share, down from 9% last year. With its main client, Tesla, now sourcing batteries from multiple suppliers, the Japanese battery maker seems to be losing its competitive edge in the industry.

Overall, the global EV battery market size is projected to grow from $49 billion in 2022 to $98 billion by 2029, according to Fortune Business Insights.