Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Likely building on the recent news with the Estonian Gov:
https://www.investi.com.au/api/announcements/has/d2e988e6-b36.pdf
Strategic alignment with the vision of Hastings, the Estonian Government and the EU to establish an integrated mine-to-magnet European supply chain, developing capabilities to provide strategic materials to European original equipment manufacturers for electric vehicle traction motors and renewable energy technologies
~~~~~~~~~~~~~
This agreement builds on Estonia’s existing rare earth mineral processing capabilities and strongly aligns with the Estonian Government’s objectives to strengthen Estonia and the EU’s ability to provide strategic materials needed for electric vehicles and renewable energy technologies.
Neo of course involved in Estonia:
Slide 6
https://www.neomaterials.com/wp-content/uploads/2024/01/Neo_Investor_Presentation.pdf
HAS and EMH could both play a significant role in coming months with the EU CRM supply chain objectives -
Maybe something positive for HAS?
Hastings Technology Metals Ltd (”the Company”) requests a trading halt in its securities until the earlier of an announcement to the market regarding a material tolling and offtake agreement or the commencement of trading on Monday, 19 February 2024.
Surely the EU can't work that fast : @Fingersxed
That's a good point, maybe they realise they need to shift to the same gear as China has been driving in for the last five years or so.
BYD to name one for auto manufacturing but just on the battery front there's talk of battery costs dropping 50% this year from CATL and BYD - what will that do to demand for materials.
And it must be a concern that the Chinese are reaping the rewards for years of R&D that's making them far more competitive today than the incumbent.
Yes, it's plain old disruption.
Https://bnnbreaking.com/world/us-and-eu-merge-efforts-to-challenge-chinas-dominance-in-critical-minerals-market
A Strategic Alliance: US and EU Pooling Resources
The US and the European Union are in discussions to consolidate their initiatives in engaging critical mineral suppliers in resource-rich countries. The proposed agreement would amalgamate the EU's raw materials club concept with the Biden administration's Mineral Security Partnership. Officials from both the US and EU are targeting an agreement by the end of this month, with an official launch in March.
Https://bnnbreaking.com/world/us-and-eu-merge-efforts-to-challenge-chinas-dominance-in-critical-minerals-market
A Strategic Alliance: US and EU Pooling Resources
The US and the European Union are in discussions to consolidate their initiatives in engaging critical mineral suppliers in resource-rich countries. The proposed agreement would amalgamate the EU's raw materials club concept with the Biden administration's Mineral Security Partnership. Officials from both the US and EU are targeting an agreement by the end of this month, with an official launch in March.
Https://www.theguardian.com/world/2023/dec/15/mexico-maya-train-yucatan-cancun-environment
“These [railway lines] are artificial borders for species like jaguars,” said Aarón Hernández Siller, from Cemda, an environmental NGO. “And they are so wide – more than 60 metres – that they are a border for certain seeds and spores, too.”
Another impact involves the system of subterranean caves and rivers that runs just beneath the surface of much of the peninsula and provides drinking water to its 5 million inhabitants.
And Sonora:
A similar reaction is unfolding in Sonora. In November, the AP reported, Sonora Gov. Alfonso Durazo said no environmental impact statements had been finished for the Sonoran railway’s construction – despite progress on the project developing in rural areas of Sonora, such as Imuris.
Cuenca Los Ojos, a non-profit that facilitates restoration work in Sonora, has been working to monitor the rerouting of the train tracks, though information is difficult to come by, executive director Jeremiah H. Leibowitz told the NI.
“Amongst our regional partners, we are all concerned that Mexico’s environmental laws and the required environmental permits and due diligence required for this type of project are not being followed,” Leibowitz said.
Cheers @MJFMSG!
I hope Ganfeng and Cadence move swiftly to arbitration, some might think AMLO has a desire to reduce environmental impacts when looking at the news releases:
https://www.business-humanrights.org/en/latest-news/mexico-presidents-proposal-calls-for-banning-the-granting-of-open-pit-mining-concessions-due-to-environmental-damage-and-excessive-water-use/
The reality is Pemex is a total environmental and financial disaster, that's one of his pet projects since being president to turnaround.
https://www.reuters.com/markets/commodities/pemex-platform-mexico-leaked-clouds-methane-even-after-un-alert-data-shows-2024-02-09/
He also has the military developing projects so they can circumnavigate environmental requirements -
You nearly tempted me with that @Ericthered, but I see you are dealing with the self proclaimed 'high net worth individual' I wouldn't question that I'll deal with the facts, it's just a shame other high net worth individuals don't welcome him in their social circle.
The biggest fall on AIM is mrc c falling off his pedestal.
Seems he is desperate, I can't see the international courts having an trouble seeing through his actions in favour of KDNC and Ganfeng:
The new reform is being adopted amid a political environment that is already considered unfavorable for mining companies, with President López Obrador freezing all new concessions and nationalizing the country's emerging lithium industry. As a result, experts believe that a new reform would pose a greater threat to investment and new emerging mining companies. "His policy of not granting new mining concessions has crippled mining exploration in Mexico and has caused the biggest negative impact on the industry. The effects of this decision will be felt for years to come," said Douglas Coleman, General Director, Mexican Mining Center.
https://mexicobusiness.news/mining/news/new-reform-proposal-seeks-ban-open-pit-mining
Logo BNamericas
Mexico
ANALYSIS
AMLO's environmental reforms seen as new hurdle for Mexico's mining industry
Bnamericas
Published: Tuesday, February 06, 2024
Licensing & Concessions
Legislation & Regulation
Open pit mining
Consumption
Prospecting, exploration and extraction of mineral resources
AMLO's environmental reforms seen as new hurdle for Mexico's mining industry
Banning open pit mining and giving preference to personal and domestic consumption of water over any other use were two of the constitutional reform proposals for environmental issues that Mexico’s President Andrés Manuel López Obrador presented to congress, causing concern in the mining industry.
With less than eight months left until the end of his six-year term, AMLO, as he is known, sent the legislature a package of 20 constitutional reforms on Monday that are aimed at boosting his social programs, weakening or scrappìng autonomous state organizations, strengthening state electric company CFE and banning fracking, among other controversial initiatives.
The modifications must be approved by a two-thirds majority in both the lower house and the senate, where the ruling Morena party does not have a sufficient majority, as well as by 17 state congresses. However, there is a possibility that the measures will be approved after the legislative elections on June 2 – when a new president will also be elected – if Morena achieves the majority required.
After the supreme court annulled AMLO’s reform to the electricity industry law last month, expectations grew in the mining sector that this year reforms to four mining-related laws – including the general mining law and the national water law, which still lack regulations and are holding back various processes, including new exploration concessions – could be overturned.
López Obrador has publicly criticized open pit mining.
“This is totally new, open pit mining would be prohibited … since if the constitutional reforms [of May 2023] are confirmed, they're going to tell you that first you can explore and begin the process of being granted a concession to mine, but it wouldn't be granted if it’s open pit,” mining expert and lawyer Alberto Vazquez told BNamericas.
Another good reason for international arbitration,
https://www.bnamericas.com/en/analysis/amlos-environmental-reforms-seen-as-new-hurdle-for-mexicos-mining-industry
As bleak as it might look, I do believe BP33 stands out from the crowd!
https://miningmagazine.com.au/core-lithium-suspends-further-mining-operations/
Sit and wait until CORE gives an update,
Https://mexicobusiness.news/mining/news/supreme-court-discusses-mining-law-reform
https://mexicobusiness.news/energy/news/supreme-court-declares-2021-energy-reform-unconstitutional
Could be news soon, still if I were Ganfeng I would head to arbitration unless everything is reversed.
As expected, feeding the narccssit's ego.
https://mexicobusiness.news/mining/news/lithium-extraction-clays-reality-perez-garibay?tag=mining
Another good cover on disruption by the Electric Viking;
Parity for energy fossil v renewables!
https://youtu.be/bcw5HSl2xD4?si=21mcmR6xyCCEetWA
With the cost of wind and solar along with battery costs, the perfect storm when filling with petrol or diesel is far more expensive than charging a decent range EV.
Remember Tony Seba? The 'GREEN' revolution will be the colour of the dollar.
50% reduction in EV battery prices 2024 - Tony Seba 3 years out!
Remember GOD parity $100 / Kwh that's going to be blown away with batteries by BYD and CATL this year
https://youtu.be/tZ2HZ1xcgxI?si=pVq8GHxh1YYFjbP2
Interesting to listen to the end, I'm not sure I agree as I see sold state being the end game - still from the Mex Gov perspective it must be becoming apparent there's a massive gap in the ability to be competitive without local lithium.
Sonora, high grade - proven, lower quartile production costs!