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Andytools, the less said about that ignorant statement the better. Do you not actually watch the news or look out a window?
Just goes to prove "global warming" is a tax-raising scam
How is it green to ship million of tons of EU extracted spodumene halfway across the world to China for processing? Where they reputedly still burn coal. How stupid are the current proposals for tackling global warming?
Https://x.com/savannahres/status/1759983830797299742?s=61&t=AJxxcVs_tbxqv1S84UYMow
Life goes on.
Community meetings and with the mayor.
Election all but 3 weeks away.
Can but hope that they can distill things. Everything cannot be a bone of contention.
Are getting desperate....you know where to come, and it wont be cheap....š
https://www.linkedin.com/posts/manueldesousamartins_energytransition-batterytech-sustainabledevelopment-activity-7165683544734744579-64DY?utm_source=share&utm_medium=member_desktop
CVN, I am sure you are right. The MdB project is of strategic importance to both Europe and Portugal. Not sure that who owns the project is such a priority as ultimately they control the legislation and the raw material is safely in the ground. They are alright Jack.
Doesnāt mean that the project is without value whatever the current sp indicates.
The Barroso lithium project is of strategic importance to both Portugal and Europe
Interesting to see Russia extending its destabilisation operations into the Iberian Peninsula with the objective of promoting institutional conflict in European countries and economic damage. https://www.thetimes.co.uk/article/a3d12182-1181-465e-95b2-1489a0f3405e?shareToken=2409f63b4633a77ab2fbacb295df613a
There is growing concern about the threat from Russian influencer operations: https://www.euronews.com/my-europe/2024/02/01/allegation-that-latvian-mep-is-russian-spy-has-eu-leaders-on-the-alert-metsola
Could be run down for a cheap buy out?
good news on the gigafactory if EU will ever get its finger out of red tape
Havenāt seen these lows since March 2020. Almost unbelievable.
Someone knows something
What has prompted this slew of massive trades this morning?
Europeās largest car manufacturers have borrowed ā¬4.4bn to build three new battery factories in the EU as the block seeks to cut dependence on China.
Good to see any comment regards lithium and the potential for Portugal from any of the main electoral hopes. Even better to see comments that are both straightforward and accurate. A huge potential bonus for Portugalās population as a whole, not just Daisy. I hope it is discussed more widely over the coming weeks rather than being treated as taboo tattle about an embarrassing uncle.
Can but hope they will follow up on this should they get the vote in 4 weeks time.
Over the weekend, in debate with a representative of the People-Animals-Nature party, Pedro Nuno Santos the General Secretary of the governing party in Portugal, PS, came out strongly in favour of the development of the lithium industry in Portugal and advocated lithium as a key pillar in reconciling economic development and environmental sustainability. He said that the Portuguese people deserve to live better and in a richer country.
https://www.dn.pt/5030618034/pedro-nuno-olhou-o-litio-nos-campos-mas-ines-recordou-a-trapalhada/
As a fence sitter, looking to this or Atlantic lithium for exposure to lithium, I am yet to commit. Obviously this latest twist doesn't help. It seems as a spectator that local Nimbys are trying to tie this up in red tape until SAV give up, especially with all of the countless agencies involved. So I am thinking at the moment that I would rather wait until something more certain is known and I suspect other potential investors will do the same as me. I have lost enough on AIM shares (Zinwald after exposure through the Bacanora takeover) so I have previous! Anyone hold both Zinnwald and SAV and want to share their thoughts on how they compare?
Good to see the firm rebuttal by APA but all this to and fro between plaintiffs and defendants seems to be aimed more at the court of public opinion than the court of justice?
APA Statement seems to me the EIA is safe.
āConsidering the content of today's news, which notes the opinion of the Public Ministry on the Environmental Impact Statement (DIA) issued for the preliminary study of the Mina do Barroso, and despite the fact that this Agency is still analyzing it, it is pertinent to point out, from the outset, that the environmental impact assessment (EIA) procedure was carried out in accordance with the legal terms of the respective legal regime.
In this context, it should be remembered that a multidisciplinary Evaluation Committee was appointed which, although coordinated by the APA as the competent EIA authority, included 8 other entities and various specialists with competence and vast experience in the technical matters now referred to by the Public Ministry.
The issues now referred to by the Public Ministry, such as the impacts on water resources, ecological systems, cultural heritage and the landscape, were thoroughly analyzed and weighed up by the Evaluation Commission, as is clear from the opinions it issued and which were the basis for the favorable conditional EIS issued by this Agency."
Sav are and continue to carry out works on site test holes etc
Which is costing money time and effort. I there was any doubt in the BOD mind regarding there legal standing surely they would of suspended works til clarification was given
I agree with the content of this latest RNS issued just now but, regardless of the validity of the DIA process that was followed, if does seem that the legal challenges SAV are facing may be capable of scuppering things to some extent at least, whereas originally I thought they were weak challenges and would be swatted aside quickly, but it seems not and they threaten to drag on for a long while yet. Whilst SAV can currently carry on their work regardless I do worry that at some point the buffers may be hit by legalities and that risk is clearly preventing the sp from performing well. Any potential partners are surely going to need some solid legal assurances regarding their investment so that could take time, which SAV do not really have. All very frustrating but I guess all we can do is bail or sit tight and pray that SAV will be producing in 2026 but legal challenges will either be finished or still dragging on unable to stop SAV progressing to production and profitability.
One key point to remember is that there is a long pathway of innovation ahead for Lithium ion batteries that will deliver cheaper batteries, providing longer range to EVs and faster charging times leading to more adoption of EVs
And here is one illustration: https://www.independent.co.uk/tech/battery-breakthrough-ev-single-charge-b2492598.html
If you want to start at a crucial point, not dumping dozens of legal hours into the big mess, start investigating the importance of the side-project of the road access North which, as one of the conditions of the EIS, will require separate planning, impact assessment, including consideration of the opinion of the Boticas council. It is also noted in yesterday's 135 pages reports of the Public Prosecutor.
Any brouhaha aside, the report can be considered a solid legal assessment of the situation, as it is quite comprehensive and takes both national and superior legislation into account, such as European environmental directives, commitments that Portugal has entered into with the FAO, etc
Note that the report is not directly related with Operation Influencer of Dec 8 but with the law suit brought before the regional court of Mirandela against the validity of the EIS by the Covas do Barroso parish.
Https://eco.sapo.pt/2024/02/08/apa-garante-validade-da-declaracao-de-impacte-ambiental-da-mina-de-litio-do-barroso/
Rumbles on. Meanwhile the work towards completion continues
APA, the Portuguese environmental regulator, rebutted the claims made yesterday by the anti-mine cell and one of its fellow travellers as published in some Portuguese newspapers.
APA reaffirmed that the Barroso EIA approval process was carried out wholly within the scope of and in accordance with the regulations of the respective legal regime. APA went further and said that a rigorous evaluation was undertaken by an evaluation committee and government bodies with vast experience in the technical subject matters with an in-depth analysis of water resources, ecological systems, cultural heritage and landscape amongst other subjects.
https://www.lusa.pt/article/2024-02-08/42303254/l%C3%ADtio-apa-garante-validade-da-declara%C3%A7%C3%A3o-de-impacte-ambiental-da-mina-do-barroso
I know I'm blinkered to see the SAV side of the argument only, but I've said it before and will say it again. I see the MdB project as being much bigger than just getting one Li mine up and running in Portugal/the EU. I see it as the launch pad for the whole Li/Battery chain/EV Manufacturing industry in the EU.
If MdB get's killed off, then Li mining in Portugal is dead, who would want to invest after seeing what SAV have been through. With no Portugal Li, where will Li come from for the Batteries to be made in the EU? Then with no batteries, how will the EV's be built?
I think the politicians are lucky at the moment, the EV market has stalled a bit due to fewer models coming on board, the cost of living squeeze and some clever campaigning by the OEMs. But give it a few years, EU sourced Li will be needed and the EU has to be ready for this, will the politicians keep their heads and the Li stuck in the ground?
China must be laughing at what the EU is playing at.