The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
esquimo
Agreed!
. …
From a mine perspective I’m sure we can.
With regard to the future outside coal we can only hope!
Well you’ve had plenty of time! lol
0-4 :))
It’s very easy to over think this !!
Bonnie and Clyde are clearly still there sucking up the spilt milk!
“As a result, notice has been given to both Mark Slade (CEO) and David Rae (CFO), each of whom have 12 month notice periods. Both Mark and David will remain as employees and members of the Board for as long as is necessary to realise value from the existing businesses”
https://commons.m.wikimedia.org/wiki/File:1932_Ford_V-8_containing_the_remains_of_Bonnie_Parker_and_Clyde_Barrow.jpg#mw-jump-to-license
HR
Is that an admission? lol
UK Lithium Mining will probably be slightly more ethical without the use of child labour!?..
“Then there is the issue of lithium mining. World production is set to soar over the next decade. Yet mining is linked to all sorts of environmental headaches. In the so-called Lithium Triangle of South America – made up of Chile, Argentina and Bolivia – vast quantities of water are pumped from underground sources to help extract lithium from ores, and this has been linked to the lowering of ground water levels and the spread of deserts. Similarly in Tibet, a toxic chemical leak from the Ganzizhou Rongda Lithium mine poisoned the local Lichu river in 2016 and triggered widespread protests in the region”
https://www.theguardian.com/environment/2021/jan/03/child-labour-toxic-leaks-the-price-we-could-pay-for-a-greener-future
“The rapid growth of renewable energy and electric vehicles means the demand for the minerals they rely on is set to soar. By 2030, the world could need half as much tin again, and for lithium the increase is a massive 500% by 2050 according to the World Bank. With battery production set to start in the UK, could the answer to their supply lie in the rocks of Cornwall?”
https://www.bbc.co.uk/news/science-environment-57534978
“It’s coming home” !!
and closer by the day, we live in hope etc. …
Whatever the case coal is key !!
I’ve been saying much the same since their epic grab and smash!
Coal by its very nature is dead! If it wasn’t it would still be a ******* plant ! lol
Yup spot is currently usd 121 pt
Looking better !!
. …
Be in no doubt that coal is key !!
Or should I say:
“It's hitting home
It's hitting home
It's hitting
The reality is hitting home”
Teaye72
We live in hope !!
The Department of Energy said it will set a competitive process for the grid operator’s procurement of reserve power, and also require it to submit five-year forecasts for power demand to help ensure that expected needs are sufficiently covered…. #MAST
———
DoE to regulate reserve power procurement, require 5-year forecasts from NGCP
THE Department of Energy (DoE) said it will set a competitive process for the grid operator’s procurement of reserve power, known as ancillary services (AS), and also require it to submit five-year forecasts for power demand to help ensure that expected needs are sufficiently covered.
According to a draft department circular posted on its website, the DoE said AS providers must be engaged via a competitive selection process (CSP), after having flagged the National Grid Corp. of the Philippines (NGCP) earlier for not contracting enough firm contracts for the power grid’s needs at the end of 2020.
Last week, the NGCP announced that it will be holding a public auction to secure reserves in order to meet government requirements on reserve levels and ensure “best pricing” for customers.
In its draft rules, the DoE said that the CSP for AS must be transparent and non-discriminatory, promote competition and protect the interests of the general public by ensuring sufficient reserves at the least cost.
The department also proposed the presence of observers during the auction to ensure that the event is being conducted in an “open, transparent, effective, efficient, and equitable manner.” Observers may come from the DoE, Energy Regulatory Commission (ERC) and National Transmission Corp. (TransCo).
The proposed guidelines also require the submission of an annual AS agreement procurement plan (ASAPP) which must contain projections of reserve requirements for the next five years.
“The system operator (NGCP) shall develop and submit to the DoE its annual ASAPP not later than 31 March of every year,” according to the draft circular.
The DoE said that the ASAPP must contain the type of AS requirement per grid, existing ancillary service procurement agreements, and monthly levels of reserves needed per grid, among others.
If approved and implemented, the draft rules will cover various groups in the energy industry including NGCP, the market operator, the wholesale electricity spot market’s governance arm, all generating facilities, the TransCo, and ERC.
On its website, the DoE announced that it plans to hold a public consultation on the draft circular on June 24 between 1 and 4 p.m.
Around 400 participants from distribution utilities, generation companies, NGCP, civil society and consumer groups, and DoE-attached agencies including the ERC are expected to attend.