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Yes that's surely MKA's Songwe she's referring to. One of the few projects specifically referred to. Can't be far away now.
The other thing of interest is the incentives for Miners section
'Guaranteed stability to the fiscal regime can be negotiated'
And that is indeed what is happening
MKA project mentioned at about 8.45 in
Lindian currying some favour there :)
https://www.youtube.com/watch?v=93a94bNwBDE
Yes, two main keys to everything going skywards here that luckily don't rely on each other...
1. An MDA that is financing friendly,that's the biggy as far as AIM is concerned
2. The Birmingham plant up and running making saleable recycled REEs and manufacturing magnets with buyers... Really that could end up being far more valuable than the mining and a lot quicker!
There are lots of other potential positives too... Mkango's Malawi licences have a lot of potential value, it is anecdotal from someone in the country but if true that Mkango is sat on a Rutile resource even bigger than Soverigns massive resource next door then the future for that is exciting too... Then Uranium and we can all see how that resource is playing out now
So the potential is massive but those keys need turning before the tin rattles and Cotec eat up even more of Hypromag
Interesting that the African Union (of which Malawi is a member) is joining the g20. A voice on the world stage in the switch from a fossil fuel based economy to a metals based economy. Malawi has a part to play.
Ben Judah wrote last week "At the top of most leaders minds during the Delhi summit will be the race for critical minerals, a momentous shift that is reshaping global politics".
MKA need to box clever and bring home a nice juicy MDA now. I still think this share (with its broad mine/refine/recycle offering) could be massive in the near future. Beautifully positioned right in the thick of one of the most important issues in the world.
Should add I think the financing for Pulawy ought to be a whole lot easier to attract now with the likelihood of the EU CRMA being law by March 2024... As where are all the other REE refineries in the EU???
'On Thursday, lawmakers also voted to increase the EU’s goal for domestic refining and processing capacity of critical raw materials, raising it from 40% to 50%. This is in line with the demands of EU countries, which supported the same objective during a vote on 30 June.'
I was hoping there might have been some news from the Birmingham plant up and running this past week as that would have been ideal timing with the very exciting and well-attended REE event and Cotec over presenting at the attached Innovate event but obviously, the plant is not quite up and running ...possibly missing one or more components although we have seen pieces of the plant arriving so all is good and when you look at the pics in the presentation it is no shed project lol it's rather impressive!
Meanwhile, the Malawian Minister of Mining is all over the place first Australia then South Africa, and more conferences/events throughout the year.... She is really getting around pushing Malawi as a place to do mining business... We should remember although Malawi has mining already it does not have a Mining Industry and this is what all stakeholders are trying to build which will be feeding into the MDA delay.....
My understanding is that MDAs could be signed in a snap going off the Lotus presentation as they say they could already sign a poor MDA and make it work so long as Uranium prices are high but they would not be in shareholder interests so negotiations for better...Mkango's no doubt is all about an MDA which means the partner/investor is able to say yes to it and here is the financing
I love German Beer! Such a positive vibe about this at the moment- right time right place. Hang tight everyone on lse - seems we are the only ones who know the secret 😉
I like Beer :)
'Nicola Beer MEP (FDP, DE), Vice-President of the European Parliament and Rapporteur on the Critical Raw Materials Act, states: “The Industry Committee today laid the foundations for stable European sovereignty and competitiveness. The agreed report provides a clear blueprint for European security of supply, with a research and innovation boost offensive along the entire value chain. Instead of ideology-driven subsidy avalanches, it relies on fast and simple approval processes and the reduction of red tape.
"In response to geopolitical upheavals, it creates the preconditions for targeted economic incentives to private investors in the context of production and recycling in Europe. At the same time, it builds on the expansion of strategic partnerships with third countries at eye level. The foundation for Europe's course towards open, economic and geopolitical sovereignty has been laid.
"Now it is time to build solid pillars for Europe's sovereignty in Plenary and in the upcoming negotiations with the Council and the Commission.”
The endorsed report places circularity within the single market, innovation and trade flows between reliable partners at the forefront of the EU strategy. In this regard, Renew Europe advocates for addressing supply risks by strengthening and diversifying value chains with strategic trade alliances based on mutual benefits.
The rapporteur also calls for investment in innovation and research to boost the development of sustainable alternative materials and production methods on European soil, and furthermore to investigate the possible recovery of CRM from extractive waste.
Moreover, as staunch supporter of competitiveness, Nicola Beer and her Renew Europe colleagues successfully pushed for a relief of the bureaucratic burden on companies and SMEs by reduced reporting, easier access to finance and shorter approval procedures for strategic critical raw materials projects.
Finally, Member States and European institutions must put in place the right incentives to ensure that enough assets, especially private ones, are mobilised for massive investments needed in the sector.'
For the EU Critical make Mkango one hot potato Materials Act:
'Next steps
Assuming the CRMA is passed in the Parliament’s plenary session on 14 September 2023, trilogue negotiations will start between the Council and Commission in the hope that a provisional agreement on the file can be reached by the end of the year. The agreement would then be subject to votes on its adoption before becoming law. Based on the assumption that the file would be accepted by lawmakers, we expect it to be published in the Official Journal of the EU by March 2024, where it would enter into force 20 days later. It would be binding in its entirety and directly applicable in all EU Member States. '
https://riskandcompliance.freshfields.com/post/102in5d/the-european-critical-raw-materials-act-a-quick-summary-on-what-it-does-and-when
And seeing as the Council has already increased the processing and recycling targets from 40% to 50% and from 15% to 20% respectively
And the Parliament looks keen to vote it in .....
'Parliament position
The Parliament is preparing its position (report), the work for which is being led by liberal German MEP Nicola Beer on behalf of the Parliament’s Industry, Research and Energy Committee (ITRE). Ms Beer presented her draft report in May, and this was subsequently adopted by lawmakers in the ITRE Committee on 7 September 2023 (with 53 votes to 1, and with 5 abstentions). Her report includes: amendments focusing on: fostering SMEs participation in critical raw materials supply chains; further streamlining permitting procedures; avoiding market distortion in the process of setting and maintaining of EU stocks of critical raw materials in cooperation with private economic operators; updating the critical raw materials list more frequently; and strengthening economic incentives for companies to invest and produce in Europe.'
Has to be opening even more doors!
I know it's good for the company but so would a mention of who owns hypromag would also in these articles.
New Disruptive Technology Recycles Rare Earth Magnets Vital to Clean Energy
https://www.hydrogenfuelnews.com/disruptive-technology-rare-earth/8560614/
You won't be saying that at the end of December when she's got a 24 carat harness and a YSL basket.
Poor old dog :)
I'm in no rush but I just wondered what happens here when the EU critical minerals stuff hits the wires from next week so chalk another 50k up for moi.
I went again today, I blame you guys for the bullish posts. The dog is going hungry this weekend, I've got her pencilled in for a fillet steak Xmas day at 50p.
Topped-up again - timing/price feels right.
Best not assume it's not already been signed off eh? ;)'
Well Should be closer by Monday :)
'The Critical Raw Materials Act is now expected to be voted in the European
Parliament’s plenary on 11 September, opening the way for final “trilogue” talks with EU member states and the European Commission to approve the legislation.'
And as if that were not enough... Pulawy positive ..
'Increased goals for EU refining and processing capacity
On Thursday, lawmakers also voted to increase the EU’s goal for domestic refining and processing capacity of critical raw materials, raising it from 40% to 50%. This is in line with the demands of EU countries, which supported the same objective during a vote on 30 June.
In addition, members of Parliament introduced a new benchmark “so that the Union consumes less Critical Raw Materials than predicted in a reference scenario,” Hahn said.'
Best not assume it's not already been signed off eh? ;)
Money guys say when - Money Guys say when on all sorts of things, like EU sign-off for Critical Mineral Acts etc ...
*Rerate.
You’d have to put money on there being a substantive retake in the near term here. My average is 30p and I still think we’re loading up to leave even that in the dust. Fingers crossed everyone. What a beast here if they can get Malawi mining to play ball. 🤞
'The EU will aim to recycle at least 45% of each “Strategic Raw Material” contained in the Union’s waste under plans voted on by the European Parliament’s industry committee on Thursday (7 September).
The new recycling goals were voted on as part of the Parliament’s position on the Critical Raw Materials Act, which aims to reduce the bloc’s dependency on China and other countries for key metals like rare earths.'
https://www.euractiv.com/section/circular-economy/news/parliament-raises-recycling-goals-in-eu-critical-raw-materials-act/
Meanwhile, the Malawi Minister of Mining is at the Africa Down Under conference in Perth Australia... which I dunno but for seem reason I think is a positive
I was aware but that is very useful - thanks.