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Madpunter, I don't think you understand carbon credit trading.
Companies that polute are assigned carbon credits, more can be brought or sold.
The problem at the moment is not all carbon credit trading schemes are joined up
So each jurisdiction has it's own scheme.
However with a net zero mine.
If Solgold was part of a carbon credit scheme, then that would be another revenue stream for Solgold.
However I doubt that will be the case.
We are more likely to carbon sink our emissions.
Some better, standardised, professional photos of the team would have been a bit more of a corporate feel.
As it is, Nick looks like a cross between Barry Cryer and Henry Kissinger.
Dan Vujcic looks like he took a selfie at the last minute.
As far as web design goes, this looks like £179 worth. It's not terrible but it doesn't reflect well on a half a billion £ company.
From another share chat (JLP)
Codelco ends long – term mined copper deals to China clients from 2025 – sources
LONDON, Sept 15 (Reuters) – Chile's Codelco is ending long-term contracts to sell copper concentrate to Chinese clients from 2025, bidding to broaden its product offering to them after evaluating its production outlook, five sources with direct knowledge of the matter said. The sources said Codelco is aiming to replace exclusively copper concentrate deals with others that include concentrate and value-added intermediate products such as blister and anode which are derived from concentrate and can be turned into copper metal or cathode.
Some Chinese customers have protested against the changes, but will have to accept new contract negotiations that include intermediates because they will need Codelco's concentrates at a time when deficits are expected, the sources said. The Chilean miner wants to restructure its sales strategy and agreements because of uncertainty about whether it can meet its contractual obligations, the sources said. "Some measures adopted are due to the normal management of Codelco's commercial product portfolio and not to availability adjustments and/or lower production," Codelco said in response to a request for a comment. Codelco continually updates its contracts according to the prevailing dynamics in the market." Operational problems at the state-owned miner saw its production slip last year to about 1.46 million metric tons, the lowest in around a quarter of a century and output has slipped further this year.
Codelco is expected to produce between 1.31 million to 1.35 million metric tons of copper a key material for the power and construction industries. Output at the world's largest copper producer has been dropping despite $15 billion invested in flagship mines including El Teniente and Chuquicamata where costs have overrun significantly, according to an influential industry body. The sources, all of whom have long-term contracts with Codelco, said they had been receiving termination notices from Codelco from July to August and that the company wanted to start new agreements with different terms. Two of the sources said Codelco was ending their evergreen supply contracts from 2025. Evergreen contracts introduced by Codelco in 2018 are two-year and three-year deals which roll over annually, in which customers can be assured of certain amounts a year.
Codelco accounts for 29% of Chile's copper production. Chile's congressional committee in late August launched an investigation to review Codelco's corporate structure and project delays. China is the world's biggest buyer of mined copper with its import volume accounting for over 60% of the world's total.
The global copper concentrate marketIS EXPECTED TO SEE A STEEP DEFICIT during 2025-2027 as Asian and African smelters ramp up capacity, outpacing mine supply.
Unfortunately the need for carbon neutrality and the need for metals for the push to green energy at not compatible
Somebody’s 0 has got to go
It will be countries with resources that will be forced to abandon this madness first
The Big Q - How are we going to fund and build a net zero Carbon neutral mine?
How about SOLG protecting the environment at Cascabel by not building a mine. Instead SOLG could charge a load of eco loons protection money equivalent to what SOLG would get from mining?
No doubt you'll suggest that they buy Carbon credits. What if every business buys Carbon credits. There's not enough land to keep planting forests as Carbon sinks. Every environmental solution has a price to pay. You don't get anything for nothing. The previous example of planting trees results in the loss of other habitats. Carbon trading has no central register as far as I know, so it's nothing more than protection money. Who would know if a company sold Carbon credits for planting a forest in some remote spot, then selling the same credits to companies in different countries? Dr Shiva who invented email, states that a $100bn fund was set up to promote MMGW and that Carbon trading will be worth $125tn, information that he sourced in the Wikileaks.
Very similar to the site Adnet made for Foran. No surprise though, is it? Only a mug or straw-clutcher would believe that an update to the website would be the precursor to 'big news'. Even the mention of this non-event was just SC trying to keep the conspiracy theorists happy whilst he bumbles through his actual job. And the usual suspects here diligently bought the story and awaited their rewards. Hands up- you know who you are!
For the hundredth time, dyor, learn the risks faced by an explorer and (unless you're ramping for a living) don't pretend this is going anywhere soon. Bottom drawer, forget about it, don't post every day. Make some money elsewhere in the meantime.
So the new strategic adviser is a former US diplomat who used to work with Caldwell at Guyana Goldfields (which was sold to a Chinese mining company).
https://en.m.wikipedia.org/wiki/Perry_L._Holloway
Virtually FA Red 😭
Surely you mean FA Bozi...?
Completely as expected.
Scott will get both barrels if he compares his tenure with that of previous regimes.
Coming up for 12 months and a licence renewal and EA is all that has been delivered.
I’ve assessed the revamped website as approximately two to three days work for a junior level web designer.
It’s taken 9 months, I wonder what it cost us?
Somebody is extracting the Michael
Morning Pinot
Thanks
Still says under 2.5bn shares in issue and last updated in December 22
Putting net zero targets and diversity hire quotas ahead of everything else work out great for that Titan sub guy.
There is something almost magnificent about clicking on the ‘Operations’ section of the Solgold website, to land on a page saying ‘Nothing Found’
I’m left wondering if it was a deliberate joke
The Big Q is never too busy.
Morning all...
Major shareholders look the same..... find under... about us ....Corporate Goverence
Pinot
:0)
Won’t he be too busy figuring out how to raise our share of a $4bn capex with an asset worth $500m as collateral?
For those of you who missed it, at the weekend it was decided on here to form a Solgold Shareholders Association.
By acclamation , Quady was chosen as President and Lord Protector for Life of said association.
We are currently looking for office space and are setting up an admin team asap to deal with queries and fan mail.
Any suggestions going forward are welcome.
- Sean Hunter
Interim Groom of the Stool for the All High Lord Protector (henceforth known as the Big Q)
My initial opinion is that somebody has slapped (not very much) lipstick on our pig
I don’t want a net zero mine, I want a net return on my investment and the two are sadly not compatible
Nobody runs the numbers in this eco clown world.
As for the website, for the first time ever words fail me
Seanhunter if you believe that why are you invested.
We are going to be one of the first net zero carbon neutral mines in the world.
We are going to build it.
Funding will be staged.
We will be generating income long before we are are a full block cave operation.
We understand all this because the company have communicated this too us on numerous occasions.
This is going to take patience.
The only "net zero" we are going to achieve is the share price in six months if they don't get their finger out.
The very first link I clicked leads to a broken page….. Very apt…
Hahaha......irony indeed Aquinaga.
The irony of a “Sign up for updates “ button 😍