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There was a tweet about how zinc can help crops etc this is what LR was on about I’m guessing
https://bayer.ft.com/farmings-grand-challenge?utm_source=TW&utm_medium=retargeting&utm_content=paid
Let's hope he was making representations for us Brikz. Spain wouldn't have been at the G7 so perhaps something from the central pot? Here's hoping and until we hear it remains hope. Of course I'm biased but I can't imagine a more deserving project, so much essential groundwork privately financed, diligent local engagement and in the greater scheme of things not much EU money required to make an economically viable project (albeit with a couple of boxes yet to tick) reality. A boost to commodity security for the EU and an injection of prosperity into a region in need. What's not to like? Wonder if LR popped into WA in Truro to check up on the metallurgy progress?
Should start to filter down the chains then. I’m still predicting July just because of tax purposes I’ve been in this 6 months what’s a few more weeks..LOL
And finally....it’s 70 billion now....... https://www.france24.com/en/europe/20210531-european-union-to-launch-covid-19-recovery-plan-in-june
Well said Sheds...I agree 100% with “I also have a hunch that possible EU grants could be delaying whatever deal is being negotiated in private. Just a theory but I'm thinking why would they want to give up a chunk of the asset in a JV or take on a heap of debt for example if pending EU funds could allow us take this further independently? “
Things are starting to fall into place...LR at G7 summit may also have been uncoincidental.
https://comunicacion.jcyl.es/web/jcyl/Comunicacion/es/Plantilla100Detalle/1281372051501/NotaPrensa/1285063250777/Comunicacion
The budgets are being prepared and they have announced reduced taxes too.
I do think there is more funding coming but I don't think EUZ would refer to a public grant as a 'value' event for shareholders. IMO it might be the wrong message to the jurisdiction when they're emphasising what funding could do for the region even though the reality is our interests are aligned. I also have a hunch that possible EU grants could be delaying whatever deal is being negotiated in private. Just a theory but I'm thinking why would they want to give up a chunk of the asset in a JV or take on a heap of debt for example if pending EU funds could allow us take this further independently? We might actually be in the extraordinary position of now fending off suitors who we once wanted to court due to this Europe wide appetite for direct state investment that hasn't been seen since WWII. As I said just a theory, time will tell.
And it seems like ALL mines in Iberia will benefit. Hence my enthusiasm.
Thanks Jedster....but it also shows the difference between the way Emirita RNSs the value event and the way we did it.....:-)
Hey Bricks. I can feel your excitement here in the hot and sunny UK, don't get to excited just incase our dream does not come true on the funding front!!!!
Slam dunk if you ask me...no wonder we RNS’d a value event for shareholders....we can’t really screw this up can we ? AH is a racing cert !
Well we are talking serious money here....E3.10 billion....forget funding for the PFS....I reckon this will be funding the complete development of the mine....
Andalucia Region Targeted for Strategic Mining Investment by European Union
There have been two important developments with respect to the mining industry in the Andalucia Region, Spain, where the Company’s projects are located, during the past week.
The Junta of the Andalucia Region passed a law designating underground mining as a strategically important industry in the region that will be permitted in all areas of the region . Mining development will have priority as an economic activity.
The European Union has passed an initiative as part of its plan to rebuild the economy post the COVID 19 pandemic whereby the Iberian Belt which is located primarily in Andalucia and extends westward to Portugal will receive a strategic investment of €3.10 billion for mine development and related activities. The Ministry of Economic Transformation, Industry, Knowledge and Universities has promoted the project for the metal mining and metallurgy sectors in Andalusia to apply for funds from the “Next Generation of the European Union” (funds established for economic rebuilding of the EU post the pandemic). The strong mining industry and recognized geological potential hosted in the Iberian Pyrite Belt, within the provinces of Seville and Huelva will be the focus of the program.
Source https://www.juniorminingnetwork.com/junior-miner-news/press-releases/1117-tsx-venture/emo/96894-emerita-mobilizing-for-diamond-drill-program-at-iberia-belt-west-provides-update-on-new-mining-regulations-and-european-union-incentives-for-andalucia-region.html
Interesting to note this article too we are also an Australian registered company https://in.news.yahoo.com/miners-target-smaller-deposits-clean-140746897.html
Fingers crossed Bricks, I hope you are right.
Seems like it is definitely raining millions of Euros in Spain....I honestly believe AH will pull this off with minimal dilution for share holders. To coin a phrase I think we have landed with our a**e in the butter. GLA
I think we are in the right place at the right time doing the right things.
– Because we have 250 million of Euros to reinvest in the areas, Carlos says. And that’s important. That’s really impor- tant. We have a process of training and retraining the people that lost their job with the mine closures. And that’s a really good opportunity because we negotiated in the plan that the people that lose their jobs because of this transition have priority for new jobs funded by this investment.
In addition, money has been set aside to restore and environmentally regenerate former mining sites. Priority for employ- ment in these jobs will go to former miners. Money will be set aside to upgrade facili- ties in the mining communities, including waste management, recycling facili- ties and water treatment plants, utilities infrastructure and distribution for gas and lighting, forest recovery, atmospheric cleansing and reducing noise pollution.
improving energy efficiency, and investing in and developing new industries.
Key advice to union members in other countries
To implement a Just Transition plan in your home country, Carlos del Barrio Quesada advises unions to socialize the problems and democ- ratize the problems.
– The trade unions are strong because we have a collective discussion, he says.
– Collective discussion is the best way to get a good process of nego- tiation in every part of the world.
An action plan will be created for each mining community including plans to develop renewable energy including improving energy efficiency and investing in and developing new industries.
Source https://www.ituc-csi.org/IMG/pdf/191120_-_just_transition_case_studies.pdf