Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Just to add to the weekend discussion on funding, this is from the July 2020 RNS
The Company intends to proceed with an engineering, procurement, construction and financing ( " EPCF " ) model for the development of its Longonjo Project to ensure that the design and construction of the processing plant and associated infrastructure is funded through a single arrangement.
The heads of agreement establishes the framework for the Company and CGWIC to work together to negotiate and engage in discussions for CGWIC to be engaged as the contractor for the purposes of the engineering, procurement and construction works for the Longonjo Project and for the Company to procure financing for these project works.
The heads of agreement contemplates that the Company will seek the proposed debt financing component of the EPCF to be obtained from commercial banks in China with credit insurance from SINOSURE. The Company will seek to obtain such finance on the following indicative terms:
Ā· debt funding to cover no more than 85% of project development costs (Company to be responsible for funding the remainder); and
Ā· the term of the facility will depend on the particular terms from commercial banks and the life cycle of the project, but is not expected to exceed 8-10 years.
Yes, the Chinese factor is interesting. Paulās video interviews from earlier this year were very positive on Chinese processing and funding. Iām sure he knows what heās doing and will ensure all parties gain something from the project. A complex puzzle that require diplom
Boris Johnson will set out details on Wednesday of a Ā£12bn āgreen industrial revolutionā, insisting to Conservative critics that a new environmental focus will not cost the party votes in former Labour heartlands.
Mr Johnson, writing in the Financial Times, said the push for nuclear, hydrogen, electric cars and offshore wind power amounted to āone of the most innovative and ambitious programmes of job creation we have knownā.
The prime ministerās 10-point green plan is central to his government āresetā, as he tries to map a future beyond the Covid-19 crisis ā and to move on after the chaotic infighting in Downing Street in recent days.
For what it's worth my opinion is that the SP will rerate in January but until then it's going to be casually kicked about by MMs and DTs. Outside possibility that a fund or HNW individual decides to get in ahead of the herd but I reckon they'll wait for BFS. Expecting it to be like watching paint dry for rest of 2020 but will be happy if proved wrong.
China, Sorry I don't know who Yumyum is, I must have missed something, who are they, please explain!
Anyhow I'm feeling very happy about my investment going into 2021 and think the January update will be a turning point, bringing in more institutional buying and kicking us quickly. Today's update helps to spread the story but doesn't really add much new detail. The little drop today is IMO due to DTs moving on to their next punt.
Three sites in Local Enterprise Partnerships in the UK governmentās Northern Powerhouse are being evaluated as part of the Wood Group study into a UK based integrated rare earth processing facility
Pensana is looking to establish a facility in the UK to process rare earths from its Longonjo mine in Angola with a view to creating the worldās fully sustainable mine to magnet supply chain for the burgeoning EV and Offshore Wind industries.
Three sites are currently being evaluated at Merseyside, Humber and the Tees Valley. Preliminary investigations indicate that each of these sites has skilled labour, reagents and power available at internationally competitive rates.
The study, which is expected to take approximately three months, has received widespread interest and will focus on sustainable development when considering the preferred process route, location, capital and operating costs, financing arrangements and available government incentives.
There is strong government support for investments in the green economy with the strategy to build back better, build back greener and to build back faster.
You can follow daily prices here:
Neodymium-Praseodymium (NdPr) Oxide, USD/mt
https://www.metal.com/Rare-Earth-Oxides/201102250162