Member Info for jimb2

ecosystem so all aspects of what Tesla needs - I would imagine a large solar and battery facility to support mining and other plants.

However, Ebrard has confirmed that Tesla has expressed its interest in actively participating in the Sonora Plan for renewable energy, since the firm also generates photovoltaic energy in addition to producing EVs.

“[Patel] told me that they were very interested in participating in what Mexico has presented with the Sonora Plan. For example, they produce photovoltaic cells, so they can also see that as more participation for them in this ecosystem that is being created in Mexico,” Ebrard told Milenio TV on Friday.

https://www.elsoldemexico.com.mx/finanzas/elon-musk-hablara-con-amlo-para-definir-ubicacion-de-nueva-planta-en-mexico-9634715.html

"The important thing is that very soon we will have confirmation that this company , which is so impressive and very close to Mexico's electromobility priorities, " he said.

After a meeting with the Business Coordinating Council (CCE) this Friday, Ebrard indicated that the call will focus on specifying the location of the plant and that it is in the " Tesla ecosystem ", that is, that it has access to supplies that the company will require.

Ebrard highlighted the importance of the company and pointed out that the government has already confirmed the arrival of another 26 companies to install plants in the country in the coming months . In addition, they are in negotiations with 400 other companies to attract significant investment , including Tesla .

@roger65

and you see KDNC dropping to 10p, have you got the timing right on them?

That would suggest you are no longer holding?

Just popped here because you implied you wouldn't be back there until it hits 10p from 13.55p

https://hotcopper.com.au/threads/ann-suspension-from-quotation.7158969/

@SCE2AUX

The same board who are behind Evergreen - !

two months tomorrow since suspension - perhaps the association will prove to be fruitful!

Indeed @DCES,

what are people missing?

In that understanding, When talking about assets for tangible goods, concessions granted and studies pertinent to the activity, in the event that it were to rule in favor of compensation for damages, we could be talking about billions of dollars. The foregoing without considering the quantification that could also derive from securitization losses.

I would imagine Ganfeng will either get a favourable deal or take option 2

Another version of the post from @Dallasdaz, not quite as anti Ganfeng

https://www.bullfrag.com/amlos-new-decree-on-lithium-prohibits-the-chinese-company-ganfeng-from-exploiting-the-mineral-in-sonora/

Good that we are seeing Ganfeng openly named and that they are standing their ground or so it seems.

Good post again @Dallasdaz,

Seems to fall inline with how recent reporting has indicated, A_L.O is trying to screw Ganfeng they don't seem to be obliging:

The two sources assured that, despite this, it is not considered to completely withdraw the concession from the company, which in January 2022 completed the purchase of Bacanora Lithium, the original holder of the exploration permit. For a few weeks, President López Obrador announced that his government was negotiating with a company "in the north of the country" to avoid taking the issue to court. The sources assured that the negotiations, which began in the first half of last year, are still in process.

I'm sure he expected them to back down by last week so he could have his photo shoot at La Ventana - the typical narcissist!

He also appears to want Tesla to build a plant near the airport he had built to boost the area using water shortage as a reason to exclude Nuevo Leon.

Mexican President Andrés Manuel López Obrador has warned that a persistent water shortage in the country’s Northern section may inhibit production at Tesla’s potential facility in Nuevo Leon.- he wants a legacy and Sonora is his biggest hope IMVHO.

@EV_Bull, that appears to have sunk in - I do wonder if the pending call and interest from Tesla may have moved things forward a tad?

This resonates with me for that reason!

It was formally announced over the weekend that the company would open up to partnerships with public and private companies to exploit lithium.

The federal government has decided to begin negotiations on the terms under which the sites where there could be lithium were awarded or where it is already proven. The most important negotiation could be the one with the Chinese Ganfeng Lithium, which has one of the awards close to Bacadéhuachi, and the one that could most quickly yield results on a production, which has been promised since 2019 and delayed on more than a couple of occasions. .

You don't make a decision on an entire multi state ecosystem with a phone call. more likely to resolve a one or two defining issues - just my thoughts on how things are transpiring!

just to add from the earlier link:

Renegotiate the terms of the concessions

Today Taddei is one of those responsible for negotiating the terms of the companies that have an award. “I wake up passionate and I go to bed passionate about this, about the vision of the project. What I want and what we want is for Lithium for Mexico to be a company that generates utility and that it be distributed for the well-being of Mexico”, he says. But about Lithium for Mexico, we still don't know much. **It was formally announced over the weekend that the company would open up to partnerships with public and private companies to exploit lithium.

The federal government has decided to begin negotiations on the terms under which the sites where there could be lithium were awarded or where it is already proven. The most important negotiation could be the one with the Chinese Ganfeng Lithium, which has one of the awards close to Bacadéhuachi, and the one that could most quickly yield results on a production, which has been promised since 2019 and delayed on more than a couple of occasions. .

The director of the new state company refuses to talk about the negotiations and denies that at any time they seek to remove any of the concessions already granted. But beyond this process: Taddei has an even greater mission: to make a state plan based on state control successful and profitable, something that other economies in the region, such as Bolivia and Chile, have tried without as yet encouraging results. .

This looks to be recent after the events at Bacadehuachi the weekend:

Taddei has kept a low profile. This past Saturday, he for the first time took a podium with some of the top officials of the federal government and the president. It was on a visit to Bacadéhuachi,

https://expansion.mx/empresas/2023/02/20/quien-es-pablo-taddei-litio-mx

The director of the new state company refuses to talk about the negotiations and denies that at any time they seek to remove any of the concessions already granted. But beyond this process: Taddei has an even greater mission: to make a state plan based on state control successful and profitable, something that other economies in the region, such as Bolivia and Chile, have tried without as yet encouraging results. .

https://www.mining.com/web/mexico-values-its-sonora-lithium-deposits-at-600bn/

A potentially vast lithium deposit in Mexico’s northern Sonora state could be worth as much as 12 trillion Mexican pesos ($602 billion), according to a recent finance ministry report, or over a third of the country’s projected economic output this year.

m'lord the plantiffs have no objection and agree with the Mexican government figures - LOL

someone is just planting seeds of doubt, day trader tactics.

So my observation for the day is the $1.253bn compensation mentioned in the link posted by @Dallasdaz, anyone want to carve that up to see what portion we get, not forgetting the potential delay in any investments should Ganfeng start litigation,

I suppose if their back was against the wall the mex gov could dip into that $48bn loan or maybe Ganfeng just say no way $5bn - who suggested $600bn valuation in the first place - doh!

Thanks @Dallasdaz,

$1.253bn

The investments made, which include the contracts for the lands acquired, the exploration and exploitation concessions in the two pilot phases, and the Environmental Impact Statement and the Social Impact Study, authorized and signed under the normal process and before the assumption of the current federal and state administration, could exceed one thousand 253 million dollars at an 8% discount, since they not only consider the investment, but also the loss that control investors, investment funds, corporate or individual investors that participate in Bacanora will have Lithium and its communicating vessels, if the government wins the dispute over the nationalization of lithium. The valuation of the proven and potential reserves was carried out by The Measured & Indicated Mineral Resource.

@EV_Bull,

that seems to be for other minerals copper, graphite etc still open to interpretation?

The way the news seems to be rippling through the media it appears as if A_L.O really does believe he has taken control over the entire resource.

https://mexico-now.com/ganfeng-lithium-ltd-seeks-to-acquire-100-of-bacanora-lithiums-shares/

López Obrador and Nahle signed the decree establishing that lithium is an exclusive asset of the nation and instructing the Ministry of Energy to follow up on the declaration of a lithium mining reserve area in Sonora, state It has an approximate reserve of 243 million tons and is estimated to have a production capacity of 17,500 tons per year.

It also appears mining can continue for other minerals within the 'zone' but not lithium

https://www.xm.com/research/markets/allNews/reuters/mexicos-lopez-obrador-orders-ministry-to-step-up-lithium-nationalization-53266097

The decree published Saturday by the economy ministry said that "the rights and obligations of the holders of mining concessions in force that are within the lithium mining reserve zone remain safe."

It adds that "no mining activity related to lithium" can be carried out within the reserve but gave few additional details.

Of course lots of ambiguity!

https://www.rockstone-research.com/index.php/en/research-reports/6017-The-Emergence-of-Soft-Rock-Lithium-Clay-Mining

• On March 22, 2022, Rockland announced the addition of a prominent new team member to its Mexican group and the commencement of a reconnaissance field program on its Elektra claystone lithium project located in northern Sonora, Mexico. Miguel Angel Romero Gonzalez joins Rockland‘s Mexican group to advise the company on tenure and legal issues. Señor Romero is a prominent lawyer within the Mexican mining industry, a former General Director of Mines in the Ministry of Economy from 2010 to March 2013, within that period he coordinated the efforts to update the Regulations of the Mining Law and collaborated to make public the mining cartography of the country. He is also an Honorary Member of the Business Mining Council of Mexico (CONMIMEX).

https://stockhouse.com/news/press-releases/2022/11/15/silver-valley-metals-files-for-approval-of-oversubscribed-non-brokered-private

The expectation has been given from the Supreme Court of Mexico that they will provide an answer to the validity of the Company's deposit(s) considering the amendment to the mining law that was undertaken by the Government this past April in a timely manner. All arguments in the Supreme Court have been heard. The Company's challenge is that the amendment to the mining law is not supported by the Mexican Constitution nor the international trade agreements between Canada and Mexico.

@roger65,

the progress was halted due to the changes to the mining laws - Ganfeng would win in court on that argument,

You might read this, the mining law revisions are being disputed:

But any deal may be delayed as the company awaits a court ruling following a legal dispute raised by the Vancouver-based firm against Mexico’s nationalization of lithium, which Silver Valley says is not supported by the Mexican constitution or by trade agreements between Canada and Mexico.

https://www.bnamericas.com/en/features/whats-next-for-mexicos-lithium-projects

@roger65,

thanks for explaining your reasons to sell, did you forget Beijing contemplating supplying Russia with arms?

I wouldn't be surprised if the Elon Musk phone call will cover Ganfeng's ability to supply Tesla - someone needs to tell the Emperor he is wearing no clothes.

A_L.O has appointed his grandson as the flowsheet designer to extract lithium hydroxide from clays - because he a had chemistry set last Christmas.