Member Info for jimb2

I would agree, its something that will likely see interest in the Amapa railroad - interesting to see the investments in Brazil and how Trump is fueling the fire:

https://www.youtube.com/watch?v=A4l_wHA8kvk

@Keepitpostive,

there will be new investors if the news delivers on the full project being financed, as far as LTH'S I would imagine some would hold a portion if dividends were on the horizon.

all depends on the news, I'm sure no LTH would hold KDNC if they sell their interest in AMAPA.

The archeological studies are the biggest obstacle for the grant of the licenses, I did have concerns with the cooperation from the authorities at Pedra Branca being against commencement of mining but after @MKQ posted recently they appear pro mining jobs. Nothing deemed from the recent interviews with KM suggests they have concerns.

They've had around 9 months to deal with the additional requirements.

@Witty

You wouldn't manage a pint, 200mg can be fatal,

@keepitalive, what's you thoughts on the SP by year end, my expectation is 20p+ and that could be reached during September if the offtake is announced, perhaps much higher if the funding for the entire project is announced.

@Bannor,

I'm at the same point as many have been over the years with the countless false dawns, but It looks like KM is in Brazil looking at the video from yesterday, the room has redwood furnishings, this is the gist of what leads me to expect some news on offtake progress if not the offtake agreement:

Alan Green: So Kieran still on the Aztec plant. Last week your social media showed off financiers on site at Amapa. Firstly, how does the news today impact on that on that visit? And secondly, when can we expect news on any offtake agreements?

#######

the site visit occurred which was really successful in relation to providing exact timeline I can't provide that right now but I still want to be able to provide some sort of update in September in relation to the offtake discussions and any finalized agreement that we reach by then.

I redacted some #######

If the wider market believes this will happen the SP should head north maybe in bigger increments than today.

Still I'll take a sale at the right price.

GLA

So, a possible offtake announcement in September, that's my conclusion from the interview,

https://youtu.be/2iMK6AC0tbs?si=NEl6lq6zlJGm4acd&t=150

From a good position with possible financing two months ago, must now be a much better position!

https://youtu.be/YuOHLtgKRb4?si=DszaTIhgGqtgT9ai&t=300

Is today's news enough to bring on an offtake announcement?

@Ghin,

"Absolutely meaningless.

Costing for a project when no real progress is made for ages by a single project company perpetually on the verge of raising capital for the gravy train."

I would disagree, this could trigger decisions for any potential investor they are in discussions with..payback is quicker and less affected by ore prices..less risk.

Hi, Barksy1, good to see you are still looking in

Yes @MLQ,

the mayor is pro mining:

According to available information, Marcelo Pantoja, the mayor of Pedra Branca do Amapari, has a professional background in the mining industry. Before being elected, he worked at MPBA – Mineração Pedra Branca do Amapari, where he held positions as an administrative assistant, administrative agent, and Human Resources manager.

Mining is one of the main economic pillars of the Pedra Branca region, and Mayor Marcelo Pantoja has been working to revive the activity in the municipality, which, according to him, will generate more than 300 jobs.

Not anymore @Bannor unless it's to praise the wannabe dictator -shocking what ICE and border control are doing, you may have seem people being denied entry for having anything negative on their phone about Trump or his government:

When you enter the U.S., Customs and Border Protection (CBP) officers have the authority to search your electronic devices, including your phone, without a warrant. This authority is based on the "border search exception" to the Fourth Amendment,

It's looking like the national guard is being geared up by Trump to break up peaceful anti-Trump protests.. I hope Mexico rethinks their EV strategy and lithium mining to bring Chinese investment!

Thanks @Mulins, I'm way past the point of being careful, needless to say touring the US is off my bucket list..it could be I get to visit El Salvador :-0

*under a golf course* - blimey don't let him near gold, that was his planned day out with Elon Musk to see the gold reserves at Fort Knox -

Likely Chinese interest, I'll exclude the US - also interesting to see what happens with Mexico and lithium now the orange idiot has unleashed his tariffs - you can forget USMCA - Mexico and Canada are looking elsewhere - perhaps now is the time for Mexico to strike a deal to develop battery production -- one day the felon, sex abuser Trump will be under a gold course rather than on one - Canada are forging ahead building new trade agreements and Mexico are hand in hand -- Canada imported more passenger vehicles from Mexico than from the United States for the first time in three decades during the month of June.

This case is very new, having only been registered a little over a month ago. As it's in the very early stages of arbitration, there are no further procedural details or materials available publicly yet, such as the constitution of the tribunal or any substantive filings.

It's important to note that this is a separate ICSID case from the one filed by Bacanora Lithium/Ganfeng Lithium (ICSID Case No. ARB/24/21), although both disputes likely stem from Mexico's actions regarding its lithium resources and the broader mining sector. The Orr-Ewing family's claim specifically invokes the UK-Mexico BIT, suggesting their investment protection rights under that treaty are at the core of their dispute.

Yes, correct @Bannor - I wonder why now?

Here are the details of the ICSID claim involving the Orr-Ewing family:

Case Name: Estate of Ian Colin Orr-Ewing and others v. United Mexican States

ICSID Case No.: ARB/25/30

Claimant(s):

Estate of Ian Colin Orr-Ewing (British)

Francis Ian Lance Orr-Ewing (British)

Robert James Orr-Ewing (British)

Christopher Charles Fisher (British)

Respondent(s): United Mexican States (Mexican)

Date Registered: June 27, 2025

Subject of Dispute: Mining

Economic Sector: Oil, Gas & Mining

Instrument(s) Invoked: Bilateral Investment Treaty (BIT) between the United Kingdom of Great Britain and Northern Ireland and Mexico (2006)

Applicable Rules: ICSID Convention - Arbitration Rules

Status of Proceeding: Pending (The Secretary-General registered the request for the institution of arbitration proceedings on June 27, 2025).

This new ICSID claim by the Orr-Ewing family likely pertains to their interests, including the 3.0% Gross Revenue Royalty over the Sonora Lithium Project, given the ongoing disputes surrounding that project and Mexico's nationalization of lithium. This indicates a multi-faceted legal challenge against Mexico's actions in the mining sector.

I'm thinking perhaps taking a position awaiting the commencing of the Aztecs plant, once that's running and generating revenue they might be interested in the main project?

Yes, BNP Paribas has financed Brazilian iron ore projects. Here are a couple of examples:

* **Samarco Mineração SA (2000):** BNP Paribas was involved in a $135.5 million securitisation of iron ore exports for Samarco Mineração SA, a Brazilian iron ore producer. This financing helped Samarco fund an expansion project.

* **CSN Mineracao SA (2022 & 2023):** BNP Paribas has been a lead bank in financing for CSN Mineracao SA, Brazil's second-largest exporter of iron ore.

* In 2022, BNP Paribas was the agent, bookrunner, and policyholder for a $375 million loan guaranteed by SACE (an Italian export credit agency) to CSN Mineracao for increasing production capacity and developing new sites.

* In 2023, BNP Paribas (through its Tokyo Branch) was an ECA Coordinator for a $1.4 billion loan to CSN Mineracao for building a new pellet feed production plant.

It's important to note that BNP Paribas also has publicly stated policies regarding its financing of the mining industry. They aim to promote responsible mining practices and minimize environmental and social risks, and they have specific criteria related to human rights, biodiversity, and environmental impact. They also have commitments to transition away from financing activities that significantly contribute to climate change, including ending financing for metallurgical coal mining projects.

In years gone by it wouldn't be unusual to have someone post joint the dots, I'm overly cautious so I'll let AI put it's ___k on the block.

Yes, the loan to CSN Mineração S.A. in Brazil, with BNP Paribas as a key participant, was indeed made.

Multiple sources confirm this, detailing two significant financing arrangements:

USD 350 million loan for Iron Ore Plant Upgrading Project: This loan was co-financed by BNP Paribas (Tokyo Branch), Citibank, Crédit Agricole, and Société Générale, and was underwritten by Nippon Export and Investment Insurance (NEXI). This transaction was announced in May 2021.

US1.4billionexportpre−paymentfinancingfacility(includingaUS375 million commercial bank tranche): This larger facility, which included a pool of banks led by BNP Paribas (as Agent, Bookrunner, and Policyholder), Crédit Agricole, Natixis, and Société Générale, was advised by White & Case and also had insurance from SACE (an Italian export credit agency). This financing was confirmed in June 2022 (with further details in April 2023). This loan was intended to support CSN Mineração's investment plan for 2021-2025, including the construction of a new pellet feed plant and industrial expansion projects

AI:

It's not possible to provide a comprehensive, up-to-the-minute list of all beneficial owners for whom Lynchwood Nominees Limited currently holds assets. This is due to the very nature of nominee accounts and regulatory reporting.

Here's what we know:

* **Primary Function:** Lynchwood Nominees Limited's core business is to act as a nominee shareholder. This means they hold shares in their name on behalf of underlying investors (individuals, funds, or other companies) to simplify administration and often provide a layer of privacy for the beneficial owners.

* **Connection to BNP Paribas:** As previously established, Lynchwood Nominees Limited is closely associated with **BNP Paribas Securities Services**. This implies that a significant portion, if not all, of the assets they hold are for clients of BNP Paribas's custodial services. These clients could range from large institutional investors (like pension funds, asset managers, or other banks) to high-net-worth individuals.

* **Public Disclosures are Limited:**

* **Nominee accounts generally obscure the ultimate beneficial owner.** While the nominee company's name appears on the share register, the identity of the actual investor is not typically publicly disclosed by the nominee itself.

* **Major Shareholder Notifications:** We can identify *some* of the companies in which Lynchwood Nominees Limited holds a significant stake (e.g., above a certain percentage, like 3% or 5%, depending on the company's reporting thresholds). For example, it is currently listed as a major shareholder in:

* **Cadence Minerals Plc:** Holding 11.84% of issued share capital (as of July 2025).

* **Manx Financial Group PLC:** Holding 19.48% (as of June 2025), with a specific mention that 17,039,623 Ordinary Shares are held as nominee for Aeternitas Imperium Privatstiftung.

* **Pacific Global Holdings PLC:** Holding 33.18% (as of August 2024).

* **Everest Global PLC:** Holding 11.34% (as of their latest investor information).

* Other past holdings have been noted in companies like Deliveroo, KAZ Minerals, and Mineral & Financial Investments Ltd.

* **"Dormant" Status:** Lynchwood Nominees Limited is a dormant company, meaning it doesn't conduct significant business operations itself. Its financial filings (which are publicly available) will only show minimal activity and won't detail its clients or the value of the assets it holds for them.

**In conclusion, while we know Lynchwood Nominees Limited holds assets for various clients, primarily through its association with BNP Paribas Securities Services, a comprehensive and up-to-date list of all its beneficial owners is not publicly available.** Information is typically disclosed on a company-by-company basis when Lynchwood's holdings cross a significant reporting threshold for that specific company.