George Frangeskides, Exec-Chair at Alba Mineral Resources, discusses grades at the Clogau Gold Mine. Watch the full video here.
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Just dropped 09:20
It also talks about capital from Hainan, which I read as new money
That’s the investor update from Hainan.
It states that KMUK will pay the termination fee with its own funds, how does that suggest Hainan will provide more funds to cover it? It will come from the $100m.
11. What are the costs of development, transportation and lithium hydroxide products of Bougouni lithium mine?
According to KOD public data, according to the current Bougouni lithium mine development plan, the company estimates that the complete cost of lithium concentrate to the Chinese port will not exceed US$650/ton, including production costs including mining and mineral processing, and African inland and sea freight. The company's 20,000-ton lithium hydroxide project plans to be put into production in July 2024, and the processing cost is expected to be basically the same as the industry average. The company will actively take advantage of the controllable upstream resources and the preferential tax policies of Hainan Free Trade Port to ensure the company's lithium hydroxide products
Securities code: 601969
Securities abbreviation: Hainan Mining
cost competitiveness and market competitiveness.
12. What are the downstream target customers of the company’s lithium hydroxide products?
The company's 20,000-ton lithium hydroxide project (Phase I) is under construction. The product is battery-grade lithium hydroxide monohydrate. The product is positioned as high-end and its main target customers are high-nickel ternary lithium battery companies in Japan and South Korea. The company has been in close communication with potential downstream customers, but since the production line is still under construction, no finished product has yet been produced. The lithium hydroxide product still needs to obtain relevant certifications from downstream battery companies before proceeding to the next step. The company is actively maintaining contact with potential customers, opening up information communication channels, and continuing to follow up on demand.
10. What is the mining and sales model of Bougouni lithium mine?
The Bougouni lithium mine is open-pit mining with good mining conditions and has obtained environmental approval and a mining license.
The lithium concentrate products produced by Bougouni Lithium Mine are planned to be all underwritten to the company or its designated subsidiaries, and will mainly be used for processing at the company's 20,000-ton lithium hydroxide project in Yangpu, Hainan, and ultimately produce battery-grade lithium hydroxide products. Make sales.
11. What are the costs of Bougouni lithium mine development, transportation and lithium hydroxide products?
According to KOD public data, according to the current Bougouni lithium mine development plan, the company estimates that the complete cost of lithium concentrate to the Chinese port will not exceed US$650/ton, including production costs including mining and mineral processing, and African inland and sea freight. The company's 20,000-ton lithium hydroxide project plans to be put into production in July 2024, and the processing cost is expected to be basically the same as the industry average. The company will actively take advantage of the controllable upstream resources and the preferential tax policies of Hainan Free Trade Port to ensure the company's lithium hydroxide products
100%
Reading the document posted by Accionista, it doesn't seem like it has been fully legally completed yet. It also reads like Hainan will provide funds to KMUK for the transaction.
I posted a couple of months ago that I believed Suay Chin were selling down their investment
5. What are the company’s main capital expenditure arrangements and financing plans for 2024?
The company's main capital expenditure arrangements for the iron ore, oil and gas and new energy tracks in 2024 are as follows: 1) Shilu Iron Mine-120m~-360m middle section mining engineering construction project: the total planned investment is 543 million yuan, as of December 31, 2023 The daily investment amount is 103 million yuan, and the funding sources mainly include raised funds and self-owned funds. 2) Shilu Iron Ore Suspension Magnetization Roasting Technology Transformation Project: The total planned investment is 511 million yuan, and as of December 31, 2023, an amount of 2.88 yuan has been invested. The funding sources mainly include raised funds, self-owned funds and special government support funds. 3) 20,000 tons lithium hydroxide project (Phase I): The total planned investment is 1.056 billion yuan. As of December 31, 2023, an amount of 177 million yuan has been invested. The funding sources mainly include special loans and self-owned funds. The project has obtained Hainan Agriculture 700 million yuan loan from credit unions. 4) Bougouni Lithium Mine: The US$94.34 million the company invested in KMUK when it acquired the Bougouni Mine is planned to be used entirely for the construction of the lithium mine. 5) ROC Petroleum Exploration and Development: ROC Petroleum's own operating cash flow is in good condition and can cover the development expenditures of Australia's 10-3W oil field and other capital expenditures required for daily exploration and development.
The company will also further expand debt financing channels, adopt diversified financing models, and use project loans or mergers and acquisitions based on the actual situation of the project to improve the efficiency of the use of funds. And on the basis of stabilizing the scale of credit, we will continue to optimize financing costs; in addition, the company will also rely on the advantages of the listed company platform to select opportunities for equity financing to fully prepare for the company's continued business development and investment and mergers and acquisitions.
Is this what the conversation is going to be Hadrian? Really showing yourself here. First sign of trouble and you go doolaly.
2 of 4
Securities code: 601969
part.
Securities abbreviation: Hainan Mining
2. What are the measures to reduce costs and increase efficiency in electricity at Bougouni Lithium Mine? Is it considering using solar power to generate electricity?
The electricity currently used by Bougouni Lithium Mine is mainly diesel power generation. The company has considered using new energy power generation methods, and has also discussed solar power generation with potential suppliers, but the main consideration for selecting power generation methods is the highest overall economic efficiency.
3. After the 20,000-ton lithium hydroxide project is put into operation, what is the source of supply at the mine end before the Bougouni lithium mine is put into operation?
Judging from the respective start-up times of the Bougouni lithium mine and lithium hydroxide processing, the start-up of the upstream lithium concentrate is about 6 months later than the completion time of the lithium hydroxide processing production line. The company will purchase mineral resources through its own trading channels, market procurement, auctions, long-term cooperative and trader procurement and other channels to meet the raw materials required in the early stage of downstream lithium salt processing. It is currently communicating and negotiating with potential suppliers.
Translation of Hainan document:
Number:2024-01
Guangfa Fund, Danshuiquan Investment, Banking Asset Management, Yingda Insurance Asset Management, Cathay Fund, Qianhai Life Insurance, Pacific Asset Management, Xinjiang Qianhai United Fund, Pioneer Fund, China Post Financial Management, Jiutai Fund, ICBC Credit Suisse Fund, Bank of Communications, Donghai Fund, Xinyuan Fund, Changsheng Fund, National Council for Social Security Fund, China Future Capital, Ningbo Sandeng Investment, Fujian Zeyuan Asset Management, Tibet Hezhong Yisheng Investment, Shanghai Niuhu Asset Management, Shanghai Institutional investors such as Xishirun Investment, Shanghai Cybernaut Investment, Hongyun Private Equity (Hainan), Xuanyuan Private Equity, and Shaanxi Dunmin Investment
Participating units
Analysts from SDIC Securities, CITIC Securities, Caitong Securities, GF Securities, Galaxy Securities, Haitong Securities, Debon Securities, Soochow Securities, Guosen Securities, Huafu Securities, Guojin Securities, Northeast Securities, etc. (in no particular order)
time
March 26, 2024 15:30-16:30 2023 Annual Report Performance Exchange Meeting
Location/method of communication
Online meetings/introduction to finance
Vice Chairman, President
Xi Lei
Listed company participants
Vice President, Secretary of the Board of Directors
He Jing
Vice President, Financial Director
Zhu Tong
Introduction to the main contents of investor relations activities
Main questions and answers exchanged:
What is the expected output of lithium mines this year? 10,000-20,000 tons of lithium hydroxide project and Bougouni
The company's 20,000-ton lithium hydroxide project (Phase I) is under construction and is expected to be completed and put into operation in July 2024. The ramp-up period is about 3-6 months, and the production and sales level after reaching production is about 18,000-20,000 tons/year. Taking into account system debugging optimization and reasonable production ramp-up time, it is expected that the production volume this year will be relatively small, with a planned volume of about 3,000 tons.
The first phase of the Bougouni lithium mine's gravity separation plant will produce 100,000-120,000 tons of lithium concentrate with a grade of more than 5.5% per year after reaching capacity. It is expected to be completed and put into operation in November 2024. If it can be put into production on schedule, the output is planned to be 2,000 tons in 2024. At present, the core management and human resources, administrative and financial teams have been basically formed, the engineering design and mining contractors have been basically determined, the civil engineering installation, energy and power supply contracts have been signed, the mineral processing contract and equipment have been basically confirmed, and the project is about to enter construction.
🤡 Thinks he's being clever
He's not a fan of humble pie 🤣
Yeah, my comment is what on earth are you talking about? This isn't a 'gotcha' moment, you just sound annoying. So kindly go away :) c***.
I think you will find that some of the pumpers have dumped and want a cheaper buy in price.
What's happened? Is the tweet factual or speculation. Apologies if missed something obvious, just dipping in and out of the chat.
Lmfao, it does feel good to be vindicated. Any comments, sleepydisaster?
Bernard has said that the RNS is the update and all of it, he thinks he has cleared that up in the video, so clearly he has been asked the question by a lot of investors.
Bernard you have not cleared up anything.
It is difficult writing communications but they need to get better at it.
The update should have been headed in one of two ways. New updates which include the scheduled April update brought forward.
Or updates - please note scheduled April update will still proceed in April, date to be released in April.
After seeing the video I think it is all of the updates including April, like others said on here, but I could be wrong.
I get the impression they are so busy and so focused on getting this in on time they can't allocate the time for investors.
Https://www.bloomberg.com/news/newsletters/2024-03-26/chinese-miners-zijin-cmoc-group-eye-overseas-deals-as-battery-metals-slump?utm_source=website&utm_medium=share&utm_campaign=twitter&embedded-checkout=true
Battery metal prices are on the floor, and massive expansions by Chinese miners have been instrumental in driving them lower. Now, with many Western rivals cutting output or shutting down entirely, they want to get even bigger.
Zijin Mining Group Co., China’s most valuable producer, said this week it’s planning acquisitions of “ultra-large mines or mining companies with global influence” to boost business in lithium and other metals.
CMOC Group, which last year overtook Glencore as the world’s top cobalt producer, said the return of “rational” pricing in battery metals opened a window for global acquisitions. Attention will now turn to what Tianqi Lithium Corp. and Ganfeng Lithium Corp., which report results in coming days, say on the matter.
The miners’ opportunistic growth plans should give pause to traders, investors and rival producers hoping for an imminent rebound in battery-metal prices. They also may add to the alarms in Western capitals about China’s stranglehold on many critical minerals.
Even with landmark spending packages rolled out by the US and European Union, there’s a strong chance China’s dominance in cobalt, nickel and lithium will be greater in a few years. Tsingshan Holding Group Co., the world’s top nickel producer, is also pushing ahead with expansion.
Zijin, for one, expects resistance. Chairman Chen Jinghe said the company “will be targeted for sure” as geopolitical tensions become “increasingly grim.”
Even so, these are raw materials that will be needed in ever-greater volumes as the energy transition gathers pace, regardless of who mines them.
Spod now up to 1098 up 6 (0.55%).
Don't compare this to KODm they are in Mali.
EEE have some derisking, which is a year away or more, hence the lukewarm response.
But there is a lot more positive features, jurisdiction being a big one. And the obvious.
Bridgedogg1
5%?
Suay Chin has 11.85% participation in Kodal Minerales PLC
DYOR
GLA
Basically Hainan are buying out Suay’s 80% off take, Hainan want the full 100% shipped directly to their own plant. Good for us. The JV have to pay $14m for the termination before 31 October. I assume there is a deal whereby Hainan will cover this unless it was part of the original funding package.
The question is what will Suay do with their 5% shareholding? Have they already sold? Will they just hold on to it? Will Hainan buy it directly? Will Hainan just offer us £250m for our share of the JV?