Member Info for jimb2

5p party,

that's ridiculous,

If half the global manufacture's had a vison of the future back then Sonora would be producing in the hundreds of thousand tonnes today - I'm sure Ford and Nissan would be rolling around in laughter if the suggestion was made that Tesla and BYD would be in the top ten auto producers today, both surpassed!

World Car Manufacturers Ranking 2023. BYD Enters Top 10 Rising 56.8%

I'm sure if you could roll back the clock with that knowledge Peter Secker would have had queues of off-takers and yes planned production would have been 2018/2019

I'm sure Tesla panned a big factory to make EV batteries call a gigafactory, the first!

https://source.benchmarkminerals.com/article/where-are-the-worlds-gigafactories

There are over 240 operational gigafactories across the world, with this currently set to rise to over 400 by 2030 as assessed by Benchmark's Gigafactory Assessment.

“We haven’t got a plan so nothing can go wrong!”

Spike Milligan

And one legacy that doesn't look on the cards for A_L.O:

https://youtu.be/UrqngJFARXA?si=X03fVd2uB_e7ACj_&t=260

I wonder?

People want answers and someone doesn't seem to have them?

https://www.elsoldelcentro.com.mx/analisis/el-litio-y-su-multiple-relevancia-en-nuestro-pais-11106245.html

Through the National Transparency Platform, a person asked the Ministry of Economy to know about the lithium mining concessions cancelled during the current federal administration and those revoked specifically from the company Ganfeng Lithium. In response, said agency reported having zero records of what was requested, a response that led to the complaint of the applicant, who filed a review appeal with the INAI so that we could carry out the corresponding analysis.

In this sense, there are indications that the information requested by citizens from the Ministry of Economy exists. In addition, this institution has administrative units that could have what was requested and that were not consulted in the search process. Therefore, the presentation I am in charge of at the INAI will propose revoking the response of the Ministry of Economy so that it can search again and deliver the requested information.

The nation's energy sovereignty project over lithium and other minerals cannot do without transparency and accountability.

Alfonso Durazo pitching the Sonora plan at COP28, not much to watch but lithium does get a mention as you would expect and also that they are prioritising investment in automobility.

https://www.youtube.com/live/tZcaFE8fgRo?si=5OExXfFN0haoMQJ4&t=202

I wonder how many potential investors are raising concerns with Mexico having the ability to produce lithium to meet local demand however big that might become and with the near non existent funding plus the disputed concessions!

@EV_Bull,

an interesting short YT from Rodney Hooper:

https://youtu.be/KSCYO_fd5TQ?si=s2WH8IVskkioLWuO

I do believe the incumbent auto manufacturers are in such a dilemma they see some comfort in same old same old ICE because they are too far behind, lots of talk around about EV adoption stalling, its just another phase of disruption and as painful as it is for some, EV dominance is becoming a reality - fingers crossed for EMH news

Https://cnevpost.com/2023/12/04/china-may-achieve-nev-penetration-50-pct-10-years-early/?utm_source=substack&utm_medium=email

The trend of NEVs replacing conventional fuel vehicles is already in place, and the original target of more than 50 percent penetration of NEVs by 2035 is likely to be achieved ahead of schedule by 2025 -- by 2026 at the latest, Miao said.

That's disruption just two more years of 7.6% growth will do it!

In October, China's NEV penetration at retail stood at 37.8 percent, up 7.6 percentage points from 30.2 percent a year earlier.

Suit,

It's a fine suite @Zoom56, the best money can buy!

Mexico to Increase Minimum Wage by 20% in Election Year

Questions being asked!

The company created by the federal government to address the crucial issue of metal exploitation is a ghost within the government organizational chart. Without appearances by its director, without a budget and without a record of its work, the unknowns multiply

https://www.tribuna.com.mx/sonora/2023/12/1/litiomx-una-empresa-fantasma-gastan-421mp-de-nomina-al-mes-pero-no-hay-rastro-de-labores-352809.html

Regulatory announcement:

https://www1.hkexnews.hk/listedco/listconews/sehk/2023/1130/2023113001702.pdf

Recently, the Company received a notice from Ganfeng International Trading (Shanghai) Co., Ltd. regarding the administrative review recourses previously filed by Ganfeng International Trading (Shanghai) Co., Ltd. and its Mexican Subsidiaries. The Secretary of Economy maintains the mining concessions’ cancellations decision issued by the DGM. The Company, through its subsidiaries, will pursue additional remedies under Mexican or international law, including but not limited to filing an international arbitration or an annulment claim. The Company will take all measures to protect

the legitimate interests of the Company.

The board of directors will pay active attention to the progress of the matter and fulfil its information disclosure obligations in a timely manner.

To me it seems A_L.O and co are seeing how far they can stretch the Chinese gov, IMHO the stunt in San Francisco was to see how far he could test the patience of the Chinese by inviting XI to see the Sonora Plan and to gauge the Chinese reaction.

Judging by the press coverage after San Francisco on the Ganfeng situation asking specifically if they were discussed with President XI leads me to believe there’s a great deal of doubt with what the gov are doing.

I would be very surprised if this is not taken up by them, now is this enough to give Ganfeng the scope to advance to international arbitration or are they still bound by the four months period?

Https://www.nasdaq.com/articles/mexico-maintains-cancellations-of-mining-concessions-to-chinas-ganfeng

Ganfeng, through its units, will purse additional measures under Mexican or international law including, filing for international arbitration in response to the decision, it said in a statement.

I would hope so, but to be honest it's looking pretty flat on lithium price enthusiasm at the moment.

EG1 are 30% below the listing price.

Still EG1 look to be right on the hotspot in Bynoe.

Yes back to the same old, same old:

A decent coverage.

https://www.dossierpolitico.com/vernoticias.php?artid=290707&relacion=&tipo=Sonora&categoria=1

I'm sure they were 90% there with their extraction process several months ago according to LMAO.

It also been made clear by Peter Secker and Ganfeng that they believe they have kept up with investments and given the the multiple reasons why the concessions were being reviewed I doubt they would have legally been required to continue to invest under those circumstances.

Ironic that Durazo would take the opportunity to announce extraction from clays is a possibility, has he forgot the hand held tour of the pilot plant where - yes!! lithium extraction from clays has been ongoing for several years.

Seems the rhetoric is softening, no mention of the nationalisation or concessions being revoked.

https://www.elimparcial.com/sonora/sonora/Durazo-afirma-que-hay-tecnologia-para-separar-arcilla-de-litio-descubierta-en-la-Sierra-20231128-0023.html

There is technology to separate clay from lithium discovered in the Sierra de Sonora area, reported Alfonso Durazo Montaño .

The governor of Sonora declared that there is a dispute over the mineral, because the Chinese mining company filed an injunction.

He explained that despite this, Litio Mx works to advance technology to separate lithium from clay.

You may be interested in:

I think perhaps Silver valley metals might have some involvement as they have been involved with LitioMX, but regardless they don’t have a Clay resource in Sonora do they!!

He is now naming Ganfeng openly,

However, this year the cancellation of nine mining concessions to a Chinese company Ganfeng Lithium for the extraction of lithium in Sonora was announced. In September, Andrés Manuel reported that his Government was reviewing these cancellations and noted that there was a presidential decree to protect lithium reserves.

“We are reviewing that legally, but we have made the decision that lithium belongs to the Nation, because it is a strategic mineral and we are going to legally follow up on the nationalization decree,” he expressed at that time.

As with pervious disputes the narcissist when faced with defeat in the international courts looks to strike a deal to avoid being exposed - IMVHO - the agreement is clear he cannot nationalise the concessions without compensating the parties involved - I would expect Ganfeng and KDNC to continue full steam ahead until we get a result if necessary in the courts.

A decree, was he brought up on Disney films!

I decree the king is wearing no clothes.

Https://www.tribuna.com.mx/sonora/2023/11/27/amlo-dialogo-con-ganfeng-lithium-sobre-litio-avanza-pero-el-mineral-es-de-la-nacion-352347.html

The lithium issue was not addressed because it really is a mine [Ganfeng Lithium], nothing more and progress has been made to reach an agreement," said the president of Mexico in his conference held at the National Palace .

@Zoom56,

Trade agreements

Both establish you cannot nationalise investments from trading partners and four months for the initial local resolution, Ganfeng will be at that point before the end of January as far as I can see, and as we are a little behind we have the luxury of seeing how the Mex gov respond

Ganfeng's dispute agreement:

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.

https://investmentpolicy.unctad.org/international-investment-agreements/treaty-files/759/download

The agreement Cadence minerals are disputing:

ARTICLE 21

Settlement of Disputes Between the Contracting Parties

1. The Contracting Parties shall endeavour to resolve any dispute between them

concerning the interpretation or application of this Agreement, by means of prompt

and friendly consultations and negotiations.

2. If a dispute is not resolved by such means ****within four months**** from the date

on which a Contracting Party requested such negotiations or consultations, the

dispute shall be submitted, at the request of either Contracting Party, to an arbitral

tribunal established in accordance with the provisions of this Article or, by

agreement of the Contracting Parties, to any other international tribunal.

https://assets.publishing.service.gov.uk/media/5a74ba5ae5274a3cb2866b4c/6860.pdf

I'm thinking perhaps Mexican opposition politicians and the press are unaware of the agreements?

Mexico / Britain

ARTICLE 7

Expropriation

1. Investments of investors of either Contracting Party shall not be nationalised or expropriated, either directly or indirectly through measures having effect equivalent to nationalisation or expropriation (“expropriation”) in the territory of the other Contracting Party except for a public purpose, on a non-discriminatory basis, in accordance with due process of law and against compensation.

Mexico / China

ARTICLE 7

Expropriation and Compensation

1. Neither Contracting Party may expropriate or nationalize an investment either directly or indirectly through measures tantamount to expropriation or nationalization (“expropriation”), except:

Some articles are expanding on the subject:

https://vanguardia.com.mx/noticias/gobierno-de-amlo-enfrenta-nuevo-frente-por-cancelacion-de-concesiones-del-proyecto-de-litio-sonora-DF10154632

Raúl García Reimbert, president of the College of Mining Engineers, Metallurgists and Geologists of Mexico, explained that the legal process, in addition to sending negative signals to foreign investors, further delays lithium extraction, exploration and exploitation projects in Mexico .

After notifying the intention to initiate arbitration, there is a minimum period of 90 days - with the possibility of extending up to five years - in order to try to resolve the claim, explained an international arbitration expert who requested anonymity.