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From Telegraph:
"Shell is looking to sell its stake in a controversial North Sea oil field after Labour accused the Conservatives of failing to bring in a "proper windfall taxes" on energy giants.
The oil company is looking for a buyer for its 30pc holding in the Cambo oil project, its partner Ithaca Energy has said.
Cambo, which is the second-largest undeveloped oil and gas discovery in the North Sea, has been the focal point of many protests.
Shell has been rumoured for months to be looking for someone to take over its part. The remaining 70pc of the oil field is owned by Ithaca Energy.
In 2021 Shell scrapped its development plans for the project, putting its future into doubt.
Today’s announcement comes after the company made nearly $1.7bn (£1.4bn) more in profit than experts had predicted in the first three months of the year, with adjusted earnings rising 5.7pc to $9.6bn (£7.6bn).
Shadow chancellor Rachel Reeves said: "Shell reports £7.6bn profits for its first quarter yet the Tories refuse to bring in a proper windfall tax on oil and gas giants to freeze council tax this year, as Labour would.
"We'll tackle the cost-of-living crisis, and put working people first.""
https://www.telegraph.co.uk/news/2023/04/22/chinas-rare-earths-weapon-is-disintegrating/
"The meaning of this is that the world is well supplied with that special mineral which gives China the advantage. Therefore China doesn’t have that advantage and so there is no threat.
Another development to expect in three or five years is that rare earths are going to get markedly cheaper as the new – cheaper to mine, more abundant – supply comes online."
RNS
Pitombeiras Update
Successful Extraction of Titanium Dioxide & Vanadium Pentoxide
Jangada Mines plc, a natural resources development company with interests in Brazil and elsewhere, is pleased to announce that it has received positive test results regarding the extraction of high-grade titanium dioxide ('TiO2') and vanadium pentoxide ('V2O5') from its Pitombeiras vanadium titanomagnetite ('VTM') project in Brazil ('Pitombeiras' or 'the Project').
The tests were carried out by Zambian consulting firm, YCS Sustainable Solutions Limited, utilising the proprietary technology developed by Fodere Titanium Limited ('Fodere'), in which Jangada holds a 7.7% interest. The work is part of the Company's strategy to optimise the value of the Project by applying innovative processing technology while also improving its Environmental, Social and Governance ('ESG') credentials.
By working closely with Fodere, the Board recognised that its sustainable technology, initially developed to treat low-grade and complex titanium-bearing feedstock, could be applied to and improve the economic potential of Pitombeiras. The highly energy efficient technology maximises resource recovery, improves processing effectiveness, reduces costs compared to regular processing routes and importantly, minimises waste improving environmental credentials and enhancing ESG performance.
Five samples, delivered by Jangada from various locations at Pitombeiras, were crushed, ****genised, and milled. The samples were then subjected to magnetic separation. Preliminary test works concentrated the Fe2O3, TiO2 and V2O5 with all upgrading well and excellent recovery and purity rates reported, the highest recovery rates being 86.73% TiO2, 91.19% Fe2O3, and 95.88% V2O5.
With the adaptation of Fodere's technology to successfully process ore from Pitombeiras, Jangada is now preparing 25 tonnes of material to be tested on a larger scale in order to finalise a commercial flowsheet and provide in-depth economics for a Preliminary Economic Assessment ('PEA') focussed on the extraction of TiO2, V2O5 from Pitombeiras utilising Fodere's technology. This is anticipated to improve the already robust economic studies carried out on Pitombeiras that were announced on 21 April 2022 with headline figures of 100.3% post-tax Internal Rate of Return, a US$96.5 million post-tax Net Present Value (8% discount rate), a US$145.9 million post-tax undiscounted operating cash flow, and a 13-month payback.
The Company remains focused on commodities that are critical in the energy transition and drive the
circular economy. The strategic investment in Fodere was enacted as it represented an opportunity to capitalise on a new environmentally improved solution that extracted TiO2 and V2O5, two of the three major mineral components of the Company's Pitombeiras project. The Board believes that these test results have vindicated its investment decision. Importantly, J
https://www.telegraph.co.uk/news/2023/03/28/foolishness-energy-windfall-tax-has-now-proven/
It's a shame more Tory MPs don't heed The Telegraph.
Kabaa, as a LTH and optimist, I generally concur with your post. But please don't get carried away (yet)! We have seen the sp perk up over the last week or two but let's not tempt fate with:
"Could be the stock of 2023 by far." ;-)
FKC, yes, this has the makings of a turning point in sentiment - and share price! Although Stan will never see it.:-
"'Expect’ and ‘hoping’"
What is it that you think propelled this to 6p in 2021 oter than expectation and hope Stan? This is what investing in Junior Miners is all about. Maybe you should stick to FTSE 100 investments?
You can trash the company and CEO as much as you like (and yes, calling 2022 "The Year of Discovery" was holding hostage to fortune) but there is still plenty of potential here, just unlikely to be in a timescale that longer termers might have originally hoped.
I am sure I am not the only one that had pretty much written off Ditau after the last drill campaign, certainly in terms of it being an "economic discovery" any time soon. However, todays news has made me reconsider. Some on here seem to want a gift wrapped huge discovery like yesterday (which of course would have been wlelcome!) but this is Junior Mining Exploration and nothing is guaranteed or we would all be filthy rich. Time, effort and risk taking are needed. If you dont see that, you should probably invest elsewhere. Anyway, it was this that has perked me up:
"Dr. Mumin has identified the likely presence of a large alteration system within a very thick Banded Iron Formation ("BIF") that he considers exhibits excellent gold potential."
And before the knockers say he "CONSIDERS", I will take that over what anyone else on here thinks. Apologies Keith!
This just might be another step on the journey for the patient/long suffering :-)