George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
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#Exclusive The #Malawi government sets December 2023 as the deadline for finalising the agreement with
@MkangoResources MDA documentation #MKA
https://twitter.com/Share_Talk/status/1723435192390447376
Mining Minister Monica Chang’anamuno visited Mkango Resources Limited’s rare earth mining project yesterday at Songwe Hill in Phalombe district.
https://www.share-talk.com/minister-of-mining-hon-monica-changanamuno-mp-mkango-resources-mining-development-agreement-by-year-end/
Wish I'd posted 'Wouldn't want to be out of this over the weekend' on Friday. Could have been the 1st time I've actually been right.
Https://twitter.com/Share_Talk/status/1723281539201446216
Responding to surrounding communities’ concern about delays to give the company the go-ahead to set up actual mining works, Chang’anamuno hinted that processes to have the mining development agreement signed and the mining licence delivered to Mkango would be concluded by the end of this year.
https://www.share-talk.com/minister-of-mining-hon-monica-changanamuno-mp-mkango-resources-mining-development-agreement-by-year-end/
Pretty sure we've been here before but one day Rodders .........
Sounds like with Lotus the MDA is agreed and now at signing off process
IMHO there will be no MDA signing without whoever is funding it giving the yes it's doable...US most likely.... could get v interesting soon
Fantastic tweet to wake up to.
Great info and links.
Monday should be interesting!
Reacting to the minister’s remarks, Mkango Resources’ president, Alexander Lemon, expressed excitement that after so many years of investment, the project is finally set to get off the ground and begin contributing to the country’s socio-economic development.'
Thanks Crumbs to share this article with us !
Mkango has tweeted and confirmed the meeting and it’s positivity.. Shouldn’t ever assume anything but this looks like it could happen imminently.
https://x.com/mkangoresources/status/1723277540314304880?s=46&t=RAICM0TiEpZVwKhrYD5Rbw
Monica "Responding to surrounding communities’ concern about delays..."
The locals are frustrated too, clearly, need to get going on jobs and the local royalty filling the coffers. Come on 😤
Awesome to see, cheers Crumbs. The MDA was "apparently" dead and buried before the last presentation, then we were told point blank there is no reason we wont get it. Yet again, assumptions have been made, when in reality a lot is happening in the background on all fronts.
Alex pointing to where the SP is headed :)))
https://www.facebook.com/photo?fbid=722641136550490&set=pcb.722641216550482
Great to actually hear Lemon on it ... and to see in the pics he is there in the country at Songwe with the minister
I keep nibbling up the shares no matter who the heck keeps that selling pressure up... they can't last can they ! :)
Seems we could be in for some end of year action... on all fronts!
'Mining Minister Monica Chang’anamuno is this morning visiting Mkango Resources Limited’s rear earths mining project at Songwe Hill in Phalombe district.
The visit comes several months after the Canadian Lancaster Exploration Limited’s subsidiary concluded all exploratory and other works including the environmental and social impact assessment whose report was approved at the beginning of this year.
Responding to surrounding communities’ concern about delays to give the company the go-ahead to set up actual mining works, Chang’anamuno hinted that processes to have the mining development agreement signed and the mining licence delivered to Mkango would be concluded by the end of this year.
Reacting to the minister’s remarks, Mkango Resources’ president, Alexander Lemon, expressed excitement that after so many years of investment, the project is finally set to get off the ground and begin contributing to the country’s socio-economic development.'
Capital FM Malawi
https://www.facebook.com/CapitalFMMalawi
'The EU is moving forward with new legislation to boost the recycling of rare earths contained in permanent magnets, used in everything from wind turbines to electric vehicles as well as home appliances like washing machines and microwave ovens.
Last month, the European Parliament voted on its position on the EU’s proposed Critical Raw Materials Act, which aims to bolster EU self-sufficiency in the minerals needed for the green and digital transitions.
The draft legislation, which still needs to be agreed by EU member states before it becomes law, introduces aspirational targets for the extraction, processing and recycling of key raw materials in Europe in a bid to reduce the EU’s reliance on imports from countries like China.
Among the new provisions put forward in the legislation are measures to boost the recycling of permanent magnets that are used in wind turbines, electric vehicles and home appliances like heat pumps and washing machines.
“Permanent magnets are incorporated in a wide variety of products, with wind turbines and electric vehicles being the most important and fastest-growing applications,” says the European Parliament report, approved in September.
New EU rules are spelt out in Article 27 of the draft regulation, which obliges manufacturers to disclose information about “the weight, location and chemical composition of all individual permanent magnets” included in their products and provide instructions on how to access and remove them.
Article 28, meanwhile, requires manufacturers to “make publicly available on a free access website the share of neodymium, dysprosium, praseodymium, terbium, boron, samarium, nickel and cobalt” contained in their products so that those materials can be collected and recycled.
The European Commission would subsequently adopt specific implementing rules requesting minimum shares of recycled materials to be incorporated in the manufacturing of new permanent magnets.
These rules should be adopted “no later than 31 December 2030” in a series of special delegated acts “laying down minimum shares” for critical raw materials recovered from post-consumer waste, the draft regulation says.'
https://www.euractiv.com/section/circular-materials/news/eu-readies-new-recycling-goals-for-permanent-magnets-in-white-goods-wind-turbines/
SUSMAGPRO paper
https://www.sciencedirect.com/science/article/pii/S0304885323011253?dgcid=rss_sd_all#:~:text=Rare%20earths
'Hydrogen Processing of Magnetic Scrap (HPMS) as an environmentally friendly, energy efficient alter-native to hydrometallurgical and pyrometallurgical recycling of NdFeB permanent magnets has made tremendous progress on both the development and manufacturing side and is now on the verge of commercialisation.'
Thanks, shows just what a massive problem lack of fx is for Malawi.
It prompted me to re-read this too.
https://mwnation.com/govt-guards-against-exploitation-in-mining/
I think it's time to lock all the negotiators in a room and not let them out before the MDA is in agreed form. One round of pizzas maybe, but that's it. These long delays have already become a lose-lose situation (as opposed to the oft stated win-win goal). Malawi are losing with its increasingly valuable rare earths staying in the ground and with no fx or indeed any money to show for it. Now we see another currency devaluation. And we as MKA shareholders have seen the SP drift to junk levels.
It should be entirely achievable to agree a percentage formula for some export proceeds to go to foreign bank accounts and some to Malawian accounts. 50:50 with an annual review? Come on, get it done. Ffs. Grrrr
TORONTO, Nov 8 (Reuters) - A handful of Canadian, German and Australian critical mineral explorers plan to command premium prices for key metals used in electric vehicles, promising quality and consistency in exchange for shifting reliance away from China, the dominant producer and price-setter
https://www.reuters.com/markets/commodities/western-miners-seek-premium-pricing-rare-earth-metals-break-china-grip-2023-11-08/
The Chamber of Mines and Energy in Malawi had an Annual General Meeting yesterday at Ufulu Gardens in Lilongwe. Here are the new Executive Committee Members for the Chamber:
President: Lotus Resources Limited (Theo Keyter), Vice President: Sovereign Metals (Frank Eager).
Council Members: Globe Metals and Mining, Lotus Resources Limited, Lancaster Exploration (Mkango), Bwanje Cement Company, Sovereign Metals Limited, Rukuru Mining Limited.
Congratulations to the new Leadership of the Chamber!
The momentum is well and truly to get away from the dominance that China has over the rest of the world when it comes to rare earths. As a sceptic and someone who tries to look at the big picture I’m sure the Powers that be have realised that before we or any of our partners completely fall out with China, that the west has in place an ability to at least supply the defence industry with the basics. Hence the ‘critical’ minerals review. I believe in a year or two Mkango will be a key player in the race. It’s already got a very good head start. I can only see the market cap steadily increasing as the ‘Funding’ pours in.
GLA
Yep can only help rare earth producers in the west:-
https://www.proactiveinvestors.co.uk/companies/news/1032360/china-tightens-controls-of-rare-earth-exports-1032360.html?viewSource=TwitterUK
'Exporters must report all transactions for next two years
On Tuesday, China’s Ministry of Commerce (MOFCOM) directed exporters of rare earth metals and oxides in the nation to report each transaction for the next two years.
According to the directive, traders must provide real-time reports, including country of shipment, the date the contract was signed, the quantity, the date loaded, as well as ship and port of arrival for customs clearance.
The move is aimed at stabilizing foreign trade, state media reported on Tuesday. It follows earlier restrictions placed on rare earths in 2015 that required exporters to first obtain a license, similar to recently imposed restrictions on graphite. Tuesday’s announcement also builds on earlier announced restrictions on exports of rare earth manufacturing technology from April this year.
At a State Council meeting in the nation on Friday, Premier Li Qiang said China’s industry should coordinate to ensure proper planning for rare earth exploration, development and research.
The meeting also reinforced that Beijing would continue to crack down on illegal mining, bolster breakthroughs in high-end rare earth materials, and drive a green transition of the industry.
Adamas take: Yet more saber rattling from Beijing in its ongoing technology trade war with the U.S. and allies. Despite the latest development, our view remains that a blanket ban on rare earth exports from China is highly unlikely. Rather, should Beijing actually opt to restrict physical flows of rare earths it would likely direct those restrictions at select entities or industries, such as defense.
Moreover, as articulated, the latest restrictions appear to apply to rare earth metals and oxides, which (aside from lanthanum) make up a small percentage of China’s overall exports by both volume and value.
Conversely, NdFeB magnets are the bread-and-butter of China’s rare earth export market and are far more strategically valuable than individual oxides or metals to end-users around the globe. If China’s intent was to inflict maximum pain on trade partners, magnet exports would be the focus.
That said – China opting to restrict NdFeB magnet exports – while painful in the immediate future – would hypercharge efforts to establish alternative mine-to-magnet supply chains outside the nation and almost certainly solidify the resolve of the West to move away from China’s supply chains entirely, where possible.'
https://www.adamasintel.com/china-rattles-rare-earths-export-sabers/
Thanks. A very nice video.
All i can say. They (USA) are taking this damn seriously. They really want to get this sorted!. Any company that can really help could be in a sweet spot.