Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
Uncertain times with no communication from Solgold.
But, I do like your logic and argument at 09:28 today. What has been decided behind closed doors, we are not aware of?
Holding thumbs for "good news" soon! GLA
The world can’t live without copper. Its use dates to ancient Egyptian times, where it was used to disinfect wounds, and even further back than that as material to craft weapons from. Modern uses take full advantage of its heat and electrical conductivity, from electric vehicle engines to power storage and household wiring.
You don’t typically need to dig too deep to find copper ore deposits, with most mines being open-pit and close to the surface. Underground mining is less common and more expensive.
Demand for copper is something many see as only going in one direction, up. Glencore, one of the world’s largest miners and a significant contributor to the global supply of copper, expects demand to outstrip supply by around 50 megatons by 2030 based on the current trajectory.
To put that in context, Glencore expects total copper supply to reach around 300 megatons by 2030 - so there’s a significant shortfall based on those projections.
The mining industry at large has been wary of making large multi-billion-dollar investments to bring new sites online. As costs continue to rise, large scale greenfield projects could be even more unlikely. In fact, Glencore estimates industry investment in expanding copper supply in 2025 will be some 61% below the 2012 peak.
For the bigger players, we expect to see more mergers and acquisitions. Rio Tinto’s work to acquire the remaining stake in Canadian mining company Turquoise Hill, for $3.3bn, is a prime example. The deal will boost Rio's stake in what's expected to be one of the biggest copper mines in the world. Rather than starting from scratch, increasing its stake in an existing project is a lower risk option and a good move in our view.
As far as supply’s concerned, the likes of Glencore are waiting for the market to be crying out for more before taking any real action. Glencore’s lined up a potential new project in Argentina, which would mark one of the first greenfield projects the company has taken on in a while. But, it’s very early doors.
https://www.zerohedge.com/commodities/extremely-tight-market-could-push-copper-prices-record-highs
Agree and hope you're right, Red!
We have moved forward in leaps and bounds from then. I mean the agreement on the merger and the SR - and by implication to monetise the value of mines and tenements. Just such a pity we are so poorly run and our BOD let's us down so badly on the communication front. It could be a whole lot better, even if there were "happenings" behind closed doors.
https://www.bnnbloomberg.ca/zimbabwe-s-gold-coins-sell-above-2-000-each-for-the-first-time-1.1870740
Always felt the real price of gold was manipulated and suppressed. One small bit of evidence of what is 'Real Money" and it's real worth/value! The Mosi-oa-Tunya!
I think this is relevant, don't you?
https://www.herald.co.zw/gold-output-forecast-to-hit-60-tonnes/
Certainly, Caledonia form part of this quest with excellent recent acquisitions. Factor in the future POG and cannot help thinking that shareholders here are going to do very well in the longterm.
Certainly frustrating, we have not heard from Solgold as regards this monumental event. They certainly know when to appeal to us, the PI's when the chips are down. Hope our disappointment is reversed with communication soon?
DBW and Bubbles. Bodes well for us that both gold and silver are on a roll upwards in the New Year! Gold up $20 to $1840 and silver above $24/Oz! If this continues it can only be good for our Tier 1 deposit!
Let's get this merger done...... then?
Bogota, the scene is set for precious metals to rise substantially in 2023 if China resists from a Taiwan onslaught and has a sane view on the current Covid Crisis. If the world's 2 biggest economy flourishes in 2023, we will sure to benefit, even at Solgold. Hope they make an offer early in the New Year!