Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
Hey Theo you twit , Guess these people are out in the middle of Angola for more than a cup of tea , We will not see much more of you over the coming weeks other than you being outed as
troll.
UK Department of International Trade (DIT) and Pensana hosted the UK’s first ever mining trade mission to Angola last week, with over 40 attendees including delegates from the DIT, foreign dignitaries including the Ambassador of Norway and the Ambassador of the United Kingdom, and miners Rio Tinto and Anglo American and representatives of the Angolan Ministry of Mineral Resources and Petroleum
Poor old Theo about to loose his shorts
Delegates visit Longonjo on the US$2 billion Benguela railway
UK Department of International Trade (DIT) and Pensana hosted the UK’s first ever mining trade mission to Angola last week, with over 40 attendees including delegates from the DIT, foreign dignitaries including the Ambassador of Norway and the Ambassador of the United Kingdom, and miners Rio Tinto and Anglo American and representatives of the Angolan Ministry of Mineral Resources and Petroleum.
As part of the mission delegates met with the Governors of Benguela and Huambo provinces.
Highlights included the visit to Longonjo, where Pensana is bringing one of the world’s largest rare earth deposits into production to establish the world’s first independent and sustainable magnet metal supply chain to meet the burgeoning demand from Electric Vehicles and Offshore Wind turbines.
Delegates travelled by train on the new US$2 billion Benguela Railway, located less than five kilometres from Longonjo, which provides a direct link to the newly refurbished Atlantic port of Lobito. Attendees visited the state-of-the-art minerals terminal at the port of Lobito.
Her Majesty’s Ambassador to Angola and São Tomé e Príncipe Roger Stringer MBE commented:
“I was delighted to have the recent opportunity to take part in the UK’s first ever Mining Trade Mission to Angola. The presence of nine UK companies on the mission, including the likes of Pensana, Rio Tinto, and Anglo-American, demonstrates the level of opportunity in the market, and the commitment of British firms to establishing collaboration opportunities with Angola. A particular highlight for me was the train journey on the Caminho de Ferro de Benguela. The experience of travelling from Huambo to Lobito, via Pensana’s Rare Earths site at Longonjo, is one that I will never forget, and one which highlight’s Angola’s potential in so many ways.”
Delegates were advised that Angola had handled the Covid pandemic extremely well and has a strong fiscal surplus on the back of strong oil prices with debt to GDP falling from 135% to 95%. Moody’s has upgraded the credit rating to B3 with stable outlook. This has been accompanied by strong inbound investment by major international groups including Rio Tinto, Anglo American, De Beers and BP in the resources sector and several large European investors in the agricultural sector.
Our resident shorting troll out for a bit of day light again , Such a shame you can not get the SP any further down , would give up soon before you get well and truly burnt.
Bankers, geologists and energy experts show interest in UK mining offensive
When a vanguard of British companies came to Angola to identify mining opportunities, they scoped out potential strategic support for project development.
https://www.africaintelligence.com/mining-sector_exploration-production/2022/04/11/bankers-geologists-and-energy-experts-show-interest-in-uk-mining-offensive,109766871-art?cxt=PUB&utm_source=AIA&utm_medium=email&utm_campaign=AUTO_EDIT_SOM&did=109735402
Ausheds / Theo or whatever name you want to hide behind , You are a serial pest agitator and a complete d"""Head that has taken a personal dislike to Pensana and Paul Atherley for some twisted or sick reason , Do us all a favor and P""" off as you now are nauseating and repulsive in your continuing trolling of distaste.
Steve de Cliff Juru's findings led Burundi's president Evariste Ndayishimiye to call for a moratorium on mining and suspend permits held by Rainbow Rare Earths, chaired by Cyprus magnate Adonis Pouroulis.
Early this summer, Burundian Steve de Cliff Juru's findings put a temporary end to Cypriot African mining magnate Adonis Pouroulis's company Rainbow Rare Earths' projects. As many western countries are actively looking for suppliers outside of China which has a near-monopoly on the extraction of these metals (AI, 20/07/21), Rainbow Rare Earths had begun trial mining at the Gakara mine in western Burundi with the intention of becoming one of the important players in praseodymium and neodymium extraction outside China.
However, on 24 June, after suspending the company's export permit on 8 April, the minister of hydroelectric power, energy and mines, Ibrahim Uwizeye, suspended its mining permit.
https://www.africaintelligence.com/mining-sector_exploration-production/2021/08/19/adonis-pouroulis-stopped-in-his-tracks-by-local-expert-in-rare-earths-race-with-beijing,
Department for International Trade on GOV.UK
As Angola looks to diversify its economy, the country is beginning to realise its significant, and under-explored, mining potential.
Following the work of the Country’s Mining and Geological Institutions to develop an attractive business environment and to better understand the mineral deposits available, Angola is now ready for investors and suppliers to enter the market.
Through Planes, Trains and Critical Minerals, this visit will give delegates an incredible insight in to the progress which Angola has made in developing the Business Environment & Infrastructure needed to push the Mining Sector to the forefront of its economy.
Through interactions with Government Officials, Market Analysts, Partners, and Financial Institutions, the visit offers an excellent springboard for companies looking to enter the market.
Tuesday, 29 March 2022
Delegation depart from Huambo travelling on the Benguela Railway.
First Stop: Pensana’s Rare Earths site at Longonjo.
Second Stop: Port city of Lobito.
https://eu.eventscloud.com/website/7223/home/?fbclid=IwAR1IhsStfmhVgxV7r1I8Qv-uowqYtGh3OqfqqGsUPtPoVD0zbxv6V9C4NWQ
Oh Ausheds - Such carry on like a broken record over and over, Now actually feel sorry for you and and your pitiful little life that relies on trolling the PRE forum to get some sort of attention you dearly seek for god only knows for what reason, Why not try to get out of the basement go for a walk enjoy the sunshine and stop being such a old misery guts as life is too short.
RICHARDS BAY, South Africa—Last May, three men strode into a suburban street and sprayed gunfire into a car, killing mining executive Nico Swart on his way to work.
Mr. Swart, 47 years old, had been a general manager at Richards Bay Minerals, or RBM, which is majority owned by global mining giant Rio Tinto PLC. His murder, which is still under investigation, marked another grim flashpoint in the decline of South Africa’s signature industry.
In June, protesters and looters attacked RBM operations, destroying property and mining equipment. In response, Rio Tinto declared force majeure on all customer contracts at RBM, employing the legal provision that excuses parties from contract terms because of unforeseen circumstances.
South Africa’s $24 billion mining sector, which has provided the raw material for nearly half the gold bullion and gold jewelry ever produced, is waning under the pressure of violent crime, growing costs and regulatory uncertainty, as well as tapped-out mines.
Some of the world’s most familiar mining brands have headed for the door, threatening severe consequences for South Africa’s struggling economy, which has also been walloped by Covid-19. The nation’s unemployment rate hit a record 34.9% last year. Mining employs more than 450,000 people and makes up some 8.4% of national economic output.
In recent years, South Africa’s metal refineries and processing plants have been the target of commando-style robberies carried out by Kalashnikov-toting gangs. Mining companies suffered 22 armed heists at precious-metal facilities in 2019 and 2020—a period of rising gold prices—as well as an attempted robbery in 2021, according to Minerals Council South Africa, an industry group.
“I’m very angry about what’s happening in South Africa, and disappointed,” said Neal Froneman, chief executive of Johannesburg-based Sibanye-Stillwater Ltd., one of the world’s largest producers of platinum, palladium and gold. “But I have to put my personal views and emotions to one side. This is why we’re internationalizing our business.” The company in recent years has expanded mining operations to the U.S. and Finland.
The arrest in July of former President Jacob Zuma for refusing to appear at a government commission investigating alleged corruption during his nine years in office sparked the worst rioting since the Apartheid era.
More than 300 people died in the nation’s two most populous provinces. The state insurance company estimated as much as $1.7 billion in losses from damage and looting. Ports were disrupted, and South Africa’s largest petroleum refinery was shut for more than a week, sparking panic buying.
“The looting undoubtedly had a serious impact on investor confidence,” said Mike Teke, chief executive of Seriti Resources, a Johannesburg-based coal miner, and a former executive at South Africa’s Impala Platinum Holdings Ltd. “It made South Africa look like it has no control of its law and order.”
https://archive.ph/5Nm0N#selection-763.
South Africa’s mining industry faces decline without international investment, but political uncertainty and civil unrest only impedes hopes to rejuvenate it.
Mining unquestionably remains one of South Africa’s most important economic sectors, contributing 8-10 per cent of national GDP and, on average, each of its almost half a million strong labour force providing income for nine dependents.
But South Africa’s share of the global mining exploration expenditure dropped a staggering 20.5 per cent in 2020 to rank only sixth in Africa and represent less than one per cent of the global exploration spend – its lowest place in decades and a devastating position for a country whose geological attractiveness should protect its status as a top global player.
Despite still being valued at $77.4 million, this huge reduction in exploration has adverse knock-on effects for the pipeline of planned investment in brownfield, mid-stream and downstream mineral value chain projects, and the supply chain, all of which will shrink the industry at least for the foreseeable future.
Anxieties around policy and regulatory uncertainty are compounded by the longstanding concerns about the ANC leadership’s handling of its factional divisions
South African mining is proving vulnerable to global competition for finance and skills, with restricted foreign direct investment into greenfield projects and marginal deposits – and it faces political risks such as an unpredictable regulatory landscape, fears of resource nationalism, and difficult community relations driving declining investment.
https://www.chathamhouse.org/2021/08/violence-adds-uncertainty-south-africas-minin
Rainbow Rare Earths closer than ever to kick off production in Burundi
Cecilia Jamasmie | October 4, 2017
Coming up 5 years still no government approval on tax's and royalties with a totally stalled project with waisted shareholders money.
https://www.mining.com/rainbow-rare-earths-closer-ever-kick-off-production-burundi/
· FEED for both Saltend and Longonjo completed with material improvement in project economics, including:
o Estimated Capex reduced from US$525 million to US$494 million with further reductions anticipated
o Post tax NPV increased by 14% to US$$2.4 billion with an IRR of 61%
· Reduction in the project execution schedule with commissioning now targeted for late 2023
· Approaches received from major European and US electric vehicle and wind turbine OEMS to secure magnet metal supply chain
· Memorandum of Understanding executed with key Asian trading house for 50% of Saltend's production
Specific workstreams involving capital and operation cost savings currently underway include:
· Spent acid regeneration to maximise the recycling efficiency of the sulphuric acid plant integrated with off-gas from the calcining of concentrate at Longonjo, which is an important aspect of the process and constitutes a significant reduction of the carbon footprint through reduced reagent consumption
The Front-End Engineering Design (FEED) for each of Saltend and Longonjo is now complete. A comprehensive value engineering and optimisation programme is well advanced and is expected to be reported next month and is expected to result in further reduction in the capital costs to the ones reported in this announcement.
· Piloting on a more cost-effective flotation concentrate calcining process offered as a vendor alternative post FEED, which would enable a significantly shorter lead time for fabrication and ease of installation at Longonjo
· Optimisation of Saltend's civil & earthworks for load bearing structures undertaken alongside the completion of detailed geotechnical investigation, which will shorten the construction period and allow for future affordable expansion into downstream activities associated with magnet metal production, magnet recycling and processing of HREO
· Piloting of process simplification opportunities discovered in the MRES precipitation circuit in Longonjo
Pensana will host a UK Department of International Trade trip to Angola at the end of this month. The visit includes delegates from several major mining houses and UK Export Finance. As part of the trade summit, the delegation will be visiting the Longonjo site, traveling via the recently upgraded US$2 billion Benguela railway line, which provides a direct link from Longonjo to the Port of Lobito.
https://www.londonstockexchange.com/news-article/PRE/operational-update/15369684
Theo - Day after day you are here on a stock you do not hold other than to relay negative sentiment , You are a paid downramper or a troll either or their is no credibility in your posts and is seen for what it is absolute garbage.
Examples of UK rare earth companies attracting government support include Pensana, which is establishing capabilities to process rare earths for sustainable magnet metals at an offshore wind-powered freeport site at Saltend in the Humber,
https://questions-statements.parliament.uk/written-questions/detail/2022-02-18/125550?fbclid=IwAR1rf61KNIgnnWs79DrHYZ5AGtE0R6TsS5aBlSQyi9pZTC4NcbN9mE3fnko#
Posts
(Last 30 Days)
27
Posts
(All Time)
128
Last Post
6th Mar 2022
Member Since
21st Jun 2021
Interesting 128 all time posts - 125 Negative PRE posts think that says it all to any credibility by this poster.
Question for Department for Business, Energy and Industrial Strategy
Question
To ask the Secretary of State for Business, Energy and Industrial Strategy, what steps he is taking to protect and improve the UK's rare-earth supply chains.
Answer
25 February 2022
The supply chain for critical minerals, including rare earth elements, has been, and will continue to be, supported through a number of Government initiatives. For example, the Prime Minister’s 10 Point Plan for a Green Industrial Revolution announced £500 million to support the electrification of vehicles and their supply chains, and other strategically important technologies including critical mineral processing, through the Automotive Transformation Fund.
Examples of UK rare earth companies attracting government support include Pensana, which is establishing capabilities to process rare earths for sustainable magnet metals at an offshore wind-powered freeport site at Saltend in the Humber,
https://questions-statements.parliament.uk/written-questions/detail/2022-02-18/125550?fbclid=IwAR1rf61KNIgnnWs79DrHYZ5AGtE0R6TsS5aBlSQyi9pZTC4NcbN9mE3fnko#
Where did the abstentions come from?
Algeria
Angola
Armenia
Bangladesh
Bolivia
Burundi
Central African Republic
China
Congo
Cuba
El Salvador
Equatorial Guinea
India
Iran
Iraq
Kazakhstan
Kyrgyzstan
Lao People's Democratic Republic
Madagascar
Mali
Mongolia
Mozambique
Namibia
Nicaragua
****stan
Senegal
South Africa
South Sudan
Sri Lanka
Sudan
Tajikistan
Uganda
United Republic of Tanzania
Vietnam
Zimbabwe
A very dodgy company from what I can see:
1) Stuffed up the "Richest RE mine" in the World ~ An environmental disaster from what I see in the photo's
2) Avoided paying their fair share of tax, resulting in getting kicked out of Burundi
3) Invested in Zimbabwe several years ago and yet no mention of Zim operations on their Web page,
4) Does a deal with a SA Company to take a share in a Phosphate mine that has caused serious pollution in a World renown National Park ~ love to see the clean up bill for that one.
5) Have an idiot called "Dumbpunter" drawing attention to their failures ~ and attracting opposition from other companies.
PM appoints new Trade Envoys to boost trade and investment
Prime Minister Boris Johnson has today appointed two new Trade Envoys.
From:
Department for International Trade, Prime Minister's Office, 10 Downing Street
Prime Minister Boris Johnson has today [Thursday 3 March] appointed two new Trade Envoys - David Duguid MP as Trade Envoy to Angola and Zambia, and Yvonne Fovargue MP as Trade Envoy to Tunisia and Libya.
Both individuals will use their knowledge of these rapidly growing economies, helping to boost growth and level up all regions of the UK.
https://www.gov.uk/government/news/pm-appoints-new-trade-envoys-to-boost-trade-and-investment--4
Rainbow Rare Earths closer than ever to kick off production in Burundi
Cecilia Jamasmie | October 4, 2017
Coming up 5 years still no government approval on tax's and royalties with a totally stalled project with waisted shareholders money.
https://www.mining.com/rainbow-rare-earths-closer-ever-kick-off-production-burundi/