The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
Https://www.globenewswire.com/news-release/2023/11/01/2771210/0/en/International-companies-to-host-live-webcasts-at-Deutsche-Bank-s-Depositary-Receipts.html
NEW YORK, Nov. 01, 2023 (GLOBE NEWSWIRE) -- Deutsche Bank today announced the lineup for its Depositary Receipts Virtual Investor Conference (“dbVIC”) on Wednesday, November 8 and Thursday, November 9, featuring live webcast presentations from international companies with American Depositary Receipt (ADR) programs in the US.
November 8 Agenda (US Eastern Standard Time):
8:00 AM: Hywin Holdings Ltd (NASDAQ: HYW)
8:30 AM: European Metals Holding Limited (ASX & LON: EMH, OTCQX: ERPNF, OTCQX: EMHXY)
9:00 AM: Ipsen S.A. Ltd (Euronext Paris: IPN, OTC: IPSEY)
9:30 AM: Heineken N.V. (Euronext Amsterdam: HEIA, OTCQX: HEINY)
10:00 AM: First Pacific Company Ltd (HKEX: 142, OTC: FPAFY)
10:30 AM: QBE Insurance Group Limited (ASX: QBE, OTC: QBIEY)
11:00 AM: Belite Bio, Inc (NASDAQ: BLTE)
Nine to ten months in the waiting for this to develop, I have to say this BB is not the same without Observer842 and I sincerely hope they are just taking time away and nothing else.
No reflection on other posters active or not or whether we have different views, but Observer842 stands out to me by a country mile for their research and contributions over the years.
GLA
Https://www.fitchratings.com/research/insurance/fitch-affirms-sinosure-a-ifs-rating-outlook-stable-27-03-2023
https://www.sinosure.com.cn/en/Sinosure/Profile/Ratings/index.shtml
Hope all is well with you @Barksy1
I couldn't believe the offer this morning early on, it was a slow burn until people got wind of the news and who the company is, still managed 57,773 @ 5.39 top up.
let's hope this is the turning point!
Http://www.sinoma.com.cn/en/gongsigaikuang/gongsijianjie/qiyejieshao/2013/0512/638.html
The company has so far won contracts for nearly 300 cement productions lines in more than 80 countries. “SINOMA” has become the most influential brand in the international building materials engineering market.
At present, SINOMA International has grown into an international enterprise with a core competitiveness system featuring “scientific and technological innovation, core equipment, engineering integration, digital and intelligent development, and global operation”. With a steady improvement of operation quality, and all the more prominent advantages of its corporate value, the company is moving steadily forward to achieve its mission of “promoting green and intelligent development and serving a better world”
Better than I first thought - the company behind todays news!
About Sinoma Tianjin Cement Industry Design & Research Institute Co., Ltd
TCIDR is a wholly owned subsiduairy of SINOMA International Engineering Co., Ltd. ("SINOMA International") is the technology and engineering platform under the Fortune Global 500 Group - China National Building Material Group Co., Ltd. It is also the world's leading service provider for cement technology, equipment and engineering system integration, a high-tech and technological innovation demonstration enterprise of China, as well as one of the "Going Global" benchmarking enterprises recognized by the State-owned Assets Supervision and Administration Commission of the State Council.
Of course the finer detail will come clear over time but this is key for me:
for Cadence and PBA, the MOU with TCIDR represents a potential one-stop shop solution, coupling our requirements for final project funding with engineering, construction and technical expertise. Following this, our next steps will be the completion of the remaining optimisation studies followed by the DFS."
Are TCIDR also going to become the off-take partner?
@degise,
and of course Ganfeng being the worlds number one lithium metal producer will benefit.
Ganfeng Lithium Group covers a wide swath of the lithium battery supply chain, from lithium resource development, refining and processing to battery manufacturing to battery recycling. it’s the Company’s products are widely used in electric vehicles, energy storage, 3C products, chemicals and pharmaceuticals. The Group's lithium resources are located across the globe and it is the only Company in the lithium industry that has the commercial scale technologies to extract lithium from brine, ore and recycled materials. The Groups lithium compound capacity ranks third worldwide first in China, and is the worlds largest lithium metal producer. The Group has complete battery manufacturing and recycling technology, providing sustainable value-added solutions to battery manufacturers and electric vehicle manufacturers.
Looking better I do believe as they are now pitching our investment in Sonora:
After learning of the new mining law, the Mexican International Chamber of Commerce (Mexico International Chamber of Commerce – ICC Mexico) warned, through a statement, that this reform contradicted commitments made in treaties such as the Trans-Pacific Partnership and other Agreements. for the Promotion and Reciprocal Protection of Investments (APPRIS), which would mean that the Mexican Government would find itself in the position of compensating companies with mining concessions (there are concessions for the exploitation of lithium in Mexico to companies from Australia, Canada, China and United Kingdom).
We get recognition:
https://ciarglobal.com/bacanora-lithium-dispuesta-a-acudir-a-arbitraje-contra-mexico-por-concesion-de-litio/
In September, the General Directorate of Mines cancelled nine lithium exploitation concessions to Ganfeng Lithium and the British mining company Cadence, which has an interest in seven of those concessions, for failing to comply with minimum investment levels. The companies informed their investors that in August the Ministry of Economy notified them of this decision. For both mining companies, the reform was not going to apply to existing projects and this decision by the Mexican Government violates national and international law.
Indeed @Zoom56,
CXO seem upbeat on BP33 and work progressing:
Today:
‘The results of the BP33 drilling program, announced in October, have led to 89% of the 10.5Mt resource now classified as Measured and Indicated. This is a very positive step towards the development of the BP33 mine plan and is being incorporated into the updated feasibility study, on track to be delivered in Q1 CY24. The underground mining method has been selected and it has been encouraging to see strong interest from a number of specialist underground mining contractor
15th October
Highlights - BP33 infill drilling results have led to in an increase in the proportions of the Measured and Indicated categories to 9.36Mt, 89% of the total Mineral Resource Estimate (from 6.94Mt). These increases in Measured and Indicated Mineral Resource, with the resultant increase in geological confidence, can now be considered for conversion to the BP33 Ore Reserves. Infill drilling completed as part of a resource definition program has also led to an increase in the average grade of the Mineral Resource Estimate at BP33 from 10.1Mt @ 1.48% Li2O1 to 10.5Mt @ 1.53% Li2O2 . The Mineral Resource Estimate and Ore Reserve Estimate will inform the mine design used for the updated feasibility study that is currently underway.
Notice where the higher concentrations are in the graphic:
https://evergreenlithium.com.au/bynoe-lithium-project/
Https://www.bnnbloomberg.ca/dispute-over-congo-lithium-heats-up-with-dueling-claims-1.1989442
Dispute Over Congo Lithium Heats Up With Duelling Claims
(Bloomberg) -- A long-running dispute over one of the world’s largest hard-rock lithium deposits in the Democratic Republic of Congo took a new turn with China’s Zijin Mining Group Co. announcing a venture to develop part of the site.
Zijin said Tuesday it would partner with state-owned Cominiere to explore a newly created permit area in the southeastern town of Manono. But Australia’s AVZ Minerals Ltd. says the area covered by the new permit belongs to it.
Manono’s lithium has become another flashpoint in the struggle for control of green-energy minerals. Congo says it wants to use the lithium and its vast supply of cobalt to eventually produce electric vehicle batteries. The US has agreed to support the plan as it attempts to reduce Chinese control over manufacturing and mineral processing.
Https://www.northernminer.com/news/rinehart-may-block-sqm-1b-takeover-of-azure-minerals/1003859967/
If successful, SQM’s bid for Azure would mark a second incursion into Australia’s lithium sector in a matter of days. On Monday, the company announced it had grabbed a 30% stake in junior explorer Pirra Lithium and that it would ultimately increase its stake to 40% by injecting A$3 million to fund exploration.
Well, no surprise
https://www.reuters.com/world/americas/mexican-senate-cancels-trusts-judiciary-worth-over-800-mln-2023-10-25/
Lopez Obrador has blasted Mexican judges for ruling against his efforts to tighten public sector control of key sectors of the economy such as energy, and has put pressure on the Supreme Court to slash the pay of its justices.
He's been trying to derail the justice system since taking power, good job Ganfeng can go to international arbitration.
Https://www.mining.com/web/azure-minerals-agrees-to-1bn-takeover-bid-from-sqm/
Azure Minerals agrees to $1bn takeover bid from SQM
Under the new proposed deal, SQM agreed to acquire all of Azure’s shares at an offer price of A$3.52 per share, a premium of 44.3% to the stock’s last close of A$2.44 on Friday.
Https://hotcopper.com.au/threads/ann-lithium-pegmatite-targets-identified-at-kenny-project.7375768/#post-70488181
Head of Exploration, Jason Ward commented: This is an excellent start for Evergreen Lithium. These geochemical results from Evergreen’s maiden soil auger program at the Kenny Project in WA show strong lithium values over a widespread area and the coincident anomalies in pathfinder elements have identified several compelling targets for LCT pegmatites. We look forward to following these up with further work including a drilling program.
Chairman, Simon Lill commented: After a successful IPO listing based primarily on the Company’s flagship Bynoe Project, it is extremely pleasing to remind the market that we have other quality projects. These initial results should elevate Kenny’s status in shareholder perceptions.
Https://vanguardia.com.mx/noticias/empresa-china-toma-medidas-legales-contra-el-gobierno-para-seguir-con-su-plan-de-litio-DX9743410
this does suggest there's the Amparo and the administrative review:
The Chinese company Ganfeng Lithium took legal measures against the Government to continue the progress of its Sonora Litio Plan , which was being developed until September, when the concessions to develop the project were cancelled.
"We do not agree with what the Government says and we will take all legal or other measures to guarantee that we maintain ownership of the license," said Peter Secker, head of the Sonora Lithium Project, in an interview
The firm has resorted to local legal actions, including administrative review appeals before the Ministry of Economy to challenge the resolutions of the General Directorate of Mines , which cancelled the nine concessions that make up the Sonora Lithium Project. The actions are still ongoing. Furthermore, the company does not rule out enforcing its rights internationally, if necessary.
https://www.tribuna.com.mx/sonora/2023/10/25/pelea-por-el-litio-de-sonora-sigue-ganfeng-afila-sus-armas-luchara-por-concesiones-349051.html
Fight over Sonora lithium continues: Ganfeng sharpens its weapons and will fight for concessions
Doubts
Given this, the Mexican government has not made any statements, nor has it clarified the outlook on lithium exploitation. Until now, the state company Litio Mx continues without its own resources and occupies offices of the Ministry of Energy with hardly any staff; Its director, Pablo Taddei from Sonora, does not make public appearances, nor have any plans, projections or results been shown.
You are correct @Dallasdaz, well to the best of my knowledge, also the administrative review must be running independently of the Sonora Amparo if my understanding is correct on the four months from which point Ganfeng could head for international arbitration, I believe they are just a few weeks into that four months administrative review whereas the Amparo is noted as being filed last year.
https://bnn.network/world/mexico/mexicos-lithium-concession-cancellation-legal-implications-and-future-prospects/
Controversy Over Investment Obligations
The Mexican authorities had put Ganfeng’s concessions under review, demanding evidence that Ganfeng’s local subsidiaries had fulfilled their investment obligations from 2017 to 2021. Despite Ganfeng’s submission of the required evidence in May, the authorities proceeded with the cancellation. Ganfeng maintains its position that the cancellation resolutions violate both Mexican and international law, claiming them to be arbitrary and unsubstantiated in fact and law. ***The company has filed administrative review recourses against the resolutions***
Annex to Article 13 paragraph 5
An investor shall go through the domestic **administrative review procedures as specified by the laws and regulations of the disputing Contracting Party before the submission to international arbitration in accordance with Chapter III, Section One. If the domestic administrative review procedures are not complete within four (4) months after the date an application for the review is first filed, it shall be considered that the procedures are complete and the investor may proceed to an international arbitration** The investor may file an application for the review during the six (6) months consultation or negotiation period as provided in Article 12.
Anyhow good the hear from Peter Secker at last