Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
LOL Just re-reading my post from last night, crazy amounts of typos.
Anyway, dust settling, and news due. Good luck all!
LTHs will know the role and place of GE has come into question. The had once been expected to take a percentage of the project. They then disappeared off the radar. I had wondered if they had gone quiet because of the background negative noise around coal, but figured they would re-emerge in due course (even thinking they could be after a percentage, when. the dust settles down - how wrong me!!)
What I do know is that GE spent $13billion on buying Alstom, being the coal/ gas turbine tech and equipment etc. It was a big bet on coal. If they are moving away from coal, they will need to do something with the division they bought/ beefed up i.e. some sort of sale. It will be a huge loss. Personally, it is daft. There remains the need for coal in the developing world. But can imagine GE under pressure from some of their shareholders. Those same shareholders will now need to accept the hit, when GE sell.
But who is going to buy GE out of their coal tech/ division?
The only party prepared to do that will be the Chinese - everywhere, whoever is able to afford, will come with the same pressure we see with GE.
Today's news, sits 'interestingly' with GE going quiet the last 9months (from a NCCL perspective). Has this been in the pipeline much longer? If so, what preparations in place as a result?
We also got to remember that GE were no longer a key project partner. That is CMEC, with them having signed SHA TS only a month and half ago. A good job too (imagine GE news without that SHA TS commitment?! -- now, if I was being speculative...). This is what matters. The Chinese are fully committed and on board. GE had lonnf faded. Only a matter of the tech and equipment. Yes, it is still a big question - but in my mind, easily dealt with (and if GE do dail out of coal, then they will sell to someone, someone who will likely be able to work with; otherwise, we will get someone through CMEC - NCCL seemed confident of this and I suspect, may have been discussed).
That said, we do not have confirmation as to whether or not GE will continue to support/particioate in advanced projects like NCCLs, as sticking to existing engagements/ partnerships.
So, we wait to see. Masses of news ahead, with Historic Costs high in the agenda!
Good luck all!