Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
Cowichan I suggest you read the 4th Qtr report in particular the link to Doropo you will understand that it isn't just your throw away line "metallurgical fine tuning" albeit not a bad summary there is considerably more involved.
Why not cut and paste the Doropo PEA from 2012 seems to me there needs to be a starting document that can be dissected and developed to put meat on the bone which is what is going on to arrive at a document that is the PFS.
As for it taking longer in West Africa my estimate was 5 years from when geologists start talking positively to actually breaking ground with the equipment to open up the site readying to go mining. Anything earlier tended to come across problems.
I compared the number of years with colleagues around the world such as Australia, Canada, Indonesia and South Africa and a 5 year gestation period was a pretty good rule of thumb.
Yes Doropo has taken longer but I am happy that the work done since 2021 with the new team will I hope overcome "problems" in the future.
Cowichan good luck and a passing comment from me.
Islam reports on exploration drilling programmes and studies not resource.
When the results are provided we see is an executive report or overview of the company thankfully not all of the detail.
Just imagine all of the detail of the mine it would take weeks to read and digest and so easy to confuse, misread.
It is a fine line and I remember having someone demanding to be kept up to date on everything and not having enough time to do my job.
MrBond and Tibbs I love your technical expertise and as you may be aware I do know a bit about what is possible and have seen quite a number of attempts at alternative fuels over the years but none have yet been adopted by the major players.
Generators running on landfill gas is doable and viable if you are in the landfill business but not the sort of gas that you want to transport too far so anything is possible but has to be viable.
At the end of the day the fleets of equipment are built by Caterpillar so this is why I have asked Cholly for his input. We could get a sorry can't provide any detail at the moment because still in R&D stages and guarded secret.
MrBond46 OK sounds good so there must be a very good reason why it isn't standard for the industry but it isn't so I look forward to hearing from Cholly who is a Tech guy working in the industry and I am sure alternative fuels are high on the Cat agenda.
Fuel efficiency and cleaner engines and reduced emissions has been on the agenda for many years but never as important as it is now.
Efficiency becomes a key word not least the then cost impact, does LPG reduce component life is there a better alternative.
Back in 2011 I visited Minexpo and Cat had a Locomotive at the centre of their very large display area and quite often cross fertilisation across industries bring out interesting developments. The reason I mention this is we know that large locomotives are out there under test currently running on hydrogen. So maybe this is something for the future.
Cholly there was a lot of chat on the phone in's about reducing the carbon footprint and also the high cost of diesel. Which relates primarily to the mobile fleets both above and below ground as the power generation plant will I am sure become back up power to the grid in the not too distant future. Having visited Cat's impressive RD facility in Peoria I know Cat will be looking very closely at alternative fuels. Do you have any insight as I know the Centamin guys have mentioned LNG but but not sure that does a great deal for carbon reduction or any significant cost reduction. Obviously electric won't work unless some genius comes up with a modular total battery change at each pit stop that can be done as quickly as a diesel tank refill. Your thoughts please.
MrBond46 thanks but I was somewhat surprised that we didn't see an increase in the SP especially given the strong GP but there again I suppose that is what we have become used to. Certainly agree no news seems to be good news.
Tibbs not sure I agree as Horgan answered all of Cowichan's questions and more than adequately covered my question for reasoning behind and justification of the waste contract.
Personally believe the retail event is an excellent development and gives me more confidence in the new team and in particular there is far more in depth natural responses to questions.
OK there will always be the question that can't be answered for proprietary reasons but this is the same in any business.
All in all I feel more relaxed and impressed with what has been achieved by the new team, albeit somewhat disappointed with the 4th quarter ounces.
It looks as though the efficiencies of the underground owner mining fleet is yet to get up to speed and this is what has reduced the 4th quarter ounces.
They are upfront telling us that 1st quarter numbers will fall short because of planned maintenance at the processing plant and yet again we will see a back end recovery.
A more than satisfactory year end report but we will continue to see the SP rely on the GP for some time to come.
I do however feel the market is gradually gaining confidence in the continuity.
MrBond46 I really don't want to own Barrick shares managed by Bristow and his board. They are struggling to keep costs down and have issues at several of their mines so production is also an issue.
I have visited several Barrick mines and their head offices in Toronto and if I had wanted to buy Barrick shares I would have done so already.
Give it time and keep the faith Centamin look as though they are going in the right direction.
Siko many thanks as far as I am concerned this is excellent news and it will be interesting to see how this effects Centamin's place in the market.
It will also be interesting to hear what Martin Horgan has to say about this very important development.
Hopefully this will also see much needed investors into Egypt, better late than never.
I hope the terms and conditions for the new licences will now get sorted out quite quickly.
I don't know how, why or where the pressure is coming from to give rise to the SCC revisiting law 32, to be honest I thought it had been buried never to heard about ever again. Maybe with the awarding of additional mining areas and the ongoing discussions and negotiations on the terms of agreement have caused this to be revisited as large mining investors aren't going to want to sign off when there are threats due to holes in the laws.
If there is now a chamber of mines in place then I would suggest a large lobby is now in place and Centamin aren't now batting on their own.
Fincent, I agree with Coldspy sentiments that the juniors are the companies that have the opportunity to multiply their share price after all currently quoted at 0.81 of a penny for each share, £200 gets you about 25,000 shares so yes very much early days and full of risk but that is what penny shares are. GCAT do look to have considerable prospecting areas in known gold mining regions, Are they going to be another Geita, Bulyanhulu or North Mara, who knows?
All I can say is that I have seen mines develop from a lot less resource than both projects currently has at the moment.
Would I invest thousands noway, will I watch with interest most definitely?
Reminds me of the old days and a company called "Cluff Mining Resources" based in London owned by founder Algy Cluff who went where most feared to tread but he had some successes proving up resources that others ended up mining.
Coldspy Yes David Livingstone I presume and experience haha yes at the time not sure I would have added great because back then so called sealed roads were where you didn't drive because pot holes could rip the axles off the best reinforced Defender's. Offroad was far more reliable, but things have improved but light aircraft too and from the mines became the norm for comfort, speed and also efficiencies.
Getting too and from Mwanza also improved with regular flights from Dar Es Salaam.
Stories, experiences and anecdotes travelling in Africa are easy to share because they are all pretty unique to people who have never experienced what is a fascinating diverse continent, although I should also add can be very frustrating if you are travelling for work.