George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
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Is there any chance you can drop it now Nick? We got Amapa over the line and it did not go the way we wanted, but we still have ownership of 27%. You're nearly as bad as Mike. Not quite as bad, but nearly.
In fact, I blame you for Mike. He picked up the bad habits from you before he started. It was India this, covid that, bank delays this, agreement in principle that, fait accompli this, 90% that.
I never said it wouldn’t happen, I said he was stringing it out too long , took forever while iron ore was $200 and shipping was cheap, could have banked a fortune for the project if he could have got the deal done
Y /
you should be back to day nursery next week 2
don't for get to ask your parents to buy you a mixed bag of Haribo's for that one cell you have left
I can appreciate Eric, Bannor and Masterbaker insulting me, as they are witty with it. But please know your place and leave it to them.
Y / you should be back to day nursery next week 2 don't for get to ask your parents to buy you a mixed bag of Haribo's for that one cell you have left
Pesky Placing Bannor? I prefer the term a MikBUnwell. Those green dots? Oh yes, I forgot, your nickname is Eric the Elephant
...aaw never mind, perhaps you're just not trying hard enough sweetie
Lol, they haven’t gone very far though have they , just on different boards with different hats/bonnets!
Nick is still here. You’re still here and Maddog as well. Shame that
..... such a relief that the bully boys & positivity police have managed to clear the board of dissent & negativity, must've done wonders for our SP & volume. .. oh no wait we're down again, how can this be?!? LoL
Perhaps a positive RNS rather than positive posting by anonymous posters is what we need, maybe taking 20&27% of Amapa will do it .... Oh no wait it didn't - damn that pesky placing!! :-))
@Nick2151 In the rear view window of life everything is much clearer. Just like your prediction that we would never take our 20% in Amapa.
Shame you went all in last year at 30p with the info you had ahead of the market EV or you could have bought 3x more shares now
https://www.mining.com/web/mexico-creates-state-run-lithium-company-to-go-live-within-6-months/
Litio para Mexico may work with either public or private institutions to mine for what has become known as “white gold.”
With the change in rhetoric seems to me that a deal with Ganfeng / Cadence is highly likely.
More than a slight conflict of interests ….
https://www.reuters.com/business/energy/mexico-inaugurates-dos-bocas-oil-refinery-promising-production-2023-2022-07-01/
I suppose they had to issue something by 24th August,
https://www.reuters.com/article/mexico-lithium/mexico-creates-state-run-lithium-company-to-go-live-within-6-months-idUSKBN2PU01D
Nothing of substance!
and much more likely… now that we have a capable jv partner running the show…
tc , I tend to agree, Amapa is the key at the moment. ATB
a little… but the longer we’re involved… the higher it’s value… i’m more than happy to see it out to production… where the real money will be made… it’s been my preference since day 1…
Is anyone else out there as confused as I am as to how and when kdnc will realise any monetary value from its Mexican lithium prospect asset?
it does explain a few of the reasons why and what for… not sure peoples assumptions than ganfeng will move on kdnc next is valid now though… we’re there for a reason…
I stand corrected, they were right $370,000m - that's $370bn
That's of course for green energy and transport, still there's a huge amount of planned over overseas investment both European and Asian to serve the US that just might get pulled:
"The problem that López Obrador does not understand the dimension of what the route that the United States has taken implies is that it will leave Mexico out of that path and will end up marginalizing the country even from the trade agreement.
Industrial suppliers in the United States will have to meet high production quotas with clean energy that neither Pemex nor CFE will be able to provide with the 4T policies"
#####
bottom line is EV's are to be made with clean energy it's plain to see:
“We invest regularly in plants all around the world to upgrade in terms of process, vehicle production or adapt to electrification as part of our $35 billion investment in electrification and software announced during our EV Day one year ago.”
Stellantis executives met with Mexican leaders including President Andres Manuel Lopez Obrador in July to talk about EVs and strengthening the company’s supply chain in Mexico. A key concern for Stallantis is adequate electricity supply for its plant.
A_L.O, you won't be selling many EV's or batteries to your neighbour manufactured using coal, Gas or Oil power generation - 100% sure of that!
COPP27 November -
I would hope so @EV_Bull,
Has this been posted before, it's prior to Ganfeng completing the BCN purchase, but technically we still have a British interest?
https://www.bilaterals.org/?t-mec-an-obstacle-to-lithium
For Jorge Molina Larrondo, international trade specialist at TEC de Monterrey, we will have to be very attentive to the six-year T-MEC review, as Mexico’s partners will surely want to be stricter.
“By including Section 10 of the Mining Act that the lithium value chain will be exclusive to the Government of Mexico, a window is opened for the United States, and above all, Canada, to challenge this article,” he said.
In the case of the project in Bacanora, Sonora, it has British involvement, so if the government wanted to confiscate it, it wouldn’t be so easy. “Mexico has signed an agreement with the United Kingdom, and it will expire until 2031, so the government must respect this agreement, otherwise it will also mean getting into trouble with the European Union,” he said.
Also worth a read, a little error though US approval is $billions:
Only that the US President managed to get Democrats and Republicans, from the House of Representatives and the Senate, to approve 370,000 million dollars to reduce greenhouse gases by 40% between now and 2030.
https://mexico.detailzero.com/news/102446/Mexico-and-the-US-on-two-different-paths.html
That $7,500 subsidy could be the end of any Mexican EV or battery production and I wouldn’t imagine the likes of Ford want to hang around to find out!
Why would they make agreement with financial companies… to fund a stake in the Sonora project maybe?
Thanks @EV_Bull, we seem to have different accounts being reported but then again A_L.O is inconsistent in what he announces and most likely intentionally I would say. Now let’s see if more of the state company details are released, meanwhile the energy dispute starts today:
https://mexico.detailzero.com/news/102693/USA-and-Canada-vs-Mexico-energy-controversy.html
The 75-day term to reach an agreement is already running and although it may eventually be extended, the contentious process would begin later, on October 3 next.
According to the dispute settlement process under the T-MEC, if Mexico reaches a dispute panel with the United States and Canada, the preliminary report would be known by April 1, 2023 and the final report by May 1 of that year.
A bit like what the plan recorded by Geomet for EMH/CEZ infrastructure at Cinovec, CR (EU)
The president added that in order to exploit lithium, a state company is going to be created –which will be like Petróleos Mexicanos and the Federal Electricity Commission–; Likewise, he indicated that “this company is going to make agreements with financial companies and with the automotive company –for example, here is Ford–, with the purpose of taking advantage of lithium. Batteries can be made in Sonora, as long as more automotive plants are established here.”