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Anyways to add more substance....
'Developing permanent magnets value chain
Co-organised with SUSMAGPRO, ERMA, REIA,
Japan and the United States
16 November 2023
Le Plaza Hotel Brussels – Versailles room
Bld Adolphe Max 118-126, 1000 Brussels
'Japan and the United States' :))))
https://rawmaterialsweek2023.eu/images/system-files/16112023-Magnets-Events-web_v1.pdf
Sounds like could be an event of signficance
Https://www.investorschronicle.co.uk/news/2023/11/01/what-american-influence-means-for-uk-rare-earth-miners/
I'm surprised at no discussion here about this recent article seeing as it has where we are at relevance and possible likely financing outcomes but also the great disconnect of the MCAP here in comparison with both Pensana and Rainbow whom I know are both at different stages and all UK REE companies having different assets/ investment cases etc but come on which company with a measly £15 mill MCAP is about to be actually producing commercial REE's and their products ... oh that will be Mkango via HyproMag :)
'A company 80-per-cent owned by Mkango, HyProMag, was also named by the Minerals Security Partnership (MSP), a multi-nation group to channel capital into critical mining supply chains, as a key part of the energy transition for its magnet recycling technology. Mkango is also moving forward on a rare earths mine in Malawi and a processing plant in Poland.'
“It's not just about mining, it's about chemistry and processing [as well],” says Mkango Resources' (MKO) chief executive, Will Dawes. “Rare earth deposits are not as straightforward as developing a gold project or a copper project, that's why there are so few.”
China has had a stranglehold on the rare earths mining and processing sectors for some time, and the US and EU want their own supply. The US will require components of electric vehicles to have locally sourced parts to receive tax incentives, creating a two-track auto market. The government is rightly putting cash into the supply chain at the same time.'
https://www.investorschronicle.co.uk/news/2023/11/01/what-american-influence-means-for-uk-rare-earth-miners/
'Magnetic material conditions may also create issues for recycling, causing inconsistent properties in the end materials. The project consortium aims to tackle technology readiness level (TRL) 7-8 upscaling challenges, like impurities, high oxygen content and varied magnet compositions by project end. “End users will soon start realising recycled magnets can match or surpass originals,” notes Burkhardt.'
https://cordis.europa.eu/article/id/446792-a-more-sustainable-value-chain-for-the-sought-after-metal-neodymium-iron-boron
'Recycled resources, sustainable performance. In almost every e-drive, you'll find so-called Rare Earths – a key element for most electric motors. However, mining these materials has an environmental impact, and the supply in Europe can't keep up with the demand. That's why ZF joined the EU-funded project SUSMAGPRO Project (Sustainable Recovery, Reprocessing and Reuse of Rare Earth Magnets in a European Circular Economy). Its goal is to develop a recycling chain for Rare Earth magnets in Europe.
With the combined expertise of ZF’s Division Electrified Powertrain and Corporate R&D, ZF positions itself as a key partner in the project. We built rotors from recycled magnets (produced by the University of Birmingham), and the first test results look promising. The upcoming second-generation magnets are expected to perform at the same levels of conventionally sourced magnets.
Through this contribution, ZF helps to lessen the carbon footprint of a resource that's vital to both electric mobility and wind power (i.e. fighting climate change) while still delivering powerful electric performance.
SUSMAGPRO will continue until the end of November 2023, follow-up activities in the industry and in the frame of further projects have already been initiated.'
https://www.linkedin.com/showcase/e-mobility-at-zf/posts/?feedView=all
The mine that we do have and will be commercial v soon :)))
It wasn't from the Mining Ministry it was from Share Talk... who linked to the article from Malawi and folk here need to realise the article is written by a Malawian for primarily Malawians...
Lotus Resources sp seems to like the news that their MDA looks to be incoming...
A disaster scenario would have been Malawian Government has no intention of issuing an MDA ....now that's not the case is it infact they are bending...that whole taking it to parliament would have been a disaster.....averted.... don't forget the other assets on Malawi
Author of article tells me MDAs will be signed... anyways I agree we've heard that before....
I will write to Lemon see what he might share but personally seeing no disaster and will carry on with my nibbles... commercial HyproMag v soon plus who knows what else...
I'm not getting the disaster angle🤷🏻
I mean it does read as there are some bridges left to cross which may make December an ambitious target but the Malawian government is all for building those bridges to a happy conclusion for all
The Important part comes from the Ministry'Chilima said: “On October 6, 2023, the Government held a meeting with Mkango which agreed that the decision to take the MDA to parliament was receded and that the Government and the company will provide appropriate alternative legal provisions in the MDA.”
“We also agreed that the Government will look at all the related issues requested by Mkango Resources and select those that the law provides for an option to exempt or reduce and that we will communicate on the final position.”
“We also agreed that all the legal matters will be assessed by the office of Solicitor General (SG) which will then provide guidance and recommendations; and once all the issues are agreed upon, the MDA will undergo final scrutiny.”
They are listening to Mkango do not expect Mkangos MDA to be the same as Lotus's both have diffrent needs etc..... Lindian now want to negotiate their arrangement and Soverign will be next and my god does Malawi love that Rutile project but they all will have to worn for the investors or they will have no mining industry ...
The NRCC has no power over the MDA and he even moans about that their chairperson even moans about that but the important part is even he said this:
“However, let us wait for these mining companies because we have agreed with the Attorney General, Mining Ministry and Ministry of Finance that they will conclude these MDAs by end of this year.”
Id think no MDA would mean no deal it is clear the MOM intends or expects to sign the MDA by December.. Mkango won't be signing an MDA they can't sell just to keep us happy they have to be able to sell it to partners/financers....these MDAs will also be a blueprint for the likes of Sovereign.... personally I'm just glad to hear it's getting to the end game...will be nibbling away all the way there 😉⛏️
Https://x.com/MkangoResources/status/1718887082481914197?s=20
'The Minister urged investors who were present at the Forum to extend their mining investments to Malawi and that the Government of Malawi provides sufficient incentives for mining investment, realizing the capital intensive nature of the sector.'
https://www.nyasatimes.com/minister-changanamuno-urges-mining-investors-to-invest-in-malawi/
She ought to be back from Tanzania now so before jetting off to Dubai here is hoping full attention goes now to the pending MDAs.... please :)