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Incidentally, in relation to Nordic Mining and their windfall in Keliber. The 12% stake equates to around euro 47m, not a bad outcome when they are in the final stages of negotiating their project funding. And not plugging, just a fact, and a hope that they will take their backers the full Hog just as I hope SAV do.....GLA
It's also interesting to see the huge number of potential partners/investors/off takers out there. This group is a South African platinum company. There are many obvious suitors but more less obvious.
In fairness to DA, anytime I've commented on his L-In posts that 'I want to be part of the project into production', he's always 'liked' my comment. That in itself gives me confidence his intention is to do likewise and take all his backers with him.
That got me thinking about Savannah’s own Finland interests...it’s been a long time since it’s been mentioned and drifted from the website/petered out. I assume our exploration licences are long expired? (Somero and Eräjärvi )
Starf, I have a little skin in the Keliber game through Nordic Mining (they have around 12%). But the usual with these developing mines, as soon as they get close to the end game, the adults move in. This is the fourth time something similar has happened (to me) and is quite annoying as I am a long term holder (circumstances permitting). My hope is that SAV will not be another, time will tell....GLA
Pity. Yes I was..almost hoping
It's Finnish Minerals Group, a Finnish State-owned holding
and development company which manages the State’s mining industry shareholdings.
Assume you were thinking Fortescue Metals Group? Would have been interesting if it was.
Is that the very same FMG lurking in the background again?
Thanks for the response!
Keliber environmental approval is important for the European political landscape as it proves that new projects can be approved. One of the criteria for RRP funding for example is 'do no harm' which is a minefield to assess, once more projects get approved the grey areas become a little clearer.
The Sibanye move to aquire a greater stake of Keliber post approval supports a common view that investment decisions are waiting for environmental approval.
It would be a reasonable assumption that SAVs potential partners/buyers/offtakers will come clean post EIA approval.
What might this imply, Starfoxx? Apologies if this is a stupid question!
24 hours after EIA approval "Sibanye-Stillwater moves for control of Finland’s €446m Keliber lithium project"
https://www.miningmx.com/top-story/49969-sibanye-stillwater-to-lift-keliber-lithium-share-to-80-in-e250m-total-investment/
Also a timely reminder that the Portuguese state currently own circa 8% of GALP.
https://eco.sapo.pt/2022/06/28/estado-ganha-169-milhoes-com-dividendos-da-galp/
"If the shares were sold today , taking into account the unit price of yesterday's session (11.46 euros per share), the State would raise 711 million euros."
The addition of Aurora (GALP/NV JV) to LiRef is a curious one given LiRef has been running for a number of years and Aurora only formed officially last year.
Regardless, it gives the Portuguese state further interest in the success of GALP and Aurora and by extension the success of local miners, SAV, Luso, Infinity etc.
Firstember of LiRef has achieved approval;
https://www.linkedin.com/posts/keliber-oy_environmental-permit-granted-for-keliber-activity-6947472140308774915-hU5Z?utm_source=linkedin_share&utm_medium=android_app
"Savannah is a project member of the EIT Rawmaterials’ LiRef project. The project is validating two conversion processes with the target to develop one robust and flexible process transforming spodumene concentrate into battery grade lithium chemical. It aims to foster the development of a sustainable European value chain. The partners include three future lithium production companies (Savannah Resources, Keliber and European Lithium) as well as Aurora Lithium AB, Outotec, FLSmidth, GTK and Luleå University of Technology."
Any ADVFN posters feel free to share ;)