The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
Our graphite peer in tanzania Walkabout resources are up 15 percent today on news saying they are poised to into production early 2024.
Intresting everyone seems to be lining up around the china restrictions coming beginning of December.
https://www.proactiveinvestors.com/companies/news/1032109/walkabout-resources-on-track-for-lindi-jumbo-to-come-online-in-early-2024-1032109.html
Twitter X
https://twitter.com/ArmadaleCapital/status/1721445546655990180?t=cAd9CiZBe1qGBzrkmJzs-g&s=19
Acp coming back to life.
https://twitter.com/ArmadaleCapital/status/1721450814991106158?t=7DUwnEO_s2jxn64Z21FD_A&s=19
Black Rock Mining secures $59.6m loan approval from The Development Bank of Southern Africa.
https://www.google.com/amp/s/themarketherald.com.au/black-rock-mining-secures-loan-approval-from-the-development-bank-of-southern-africa-2023-11-02/amp/
Up another 20 percent today.
https://www.google.com/finance/quote/EGR:ASX?sa=X&ved=2ahUKEwjenKPAop2CAxW_T0EAHVEFB-YQ3ecFegQIFhAc
America & China are locked in an economic war, the graphite ban is really China hitting back against the recent US Semiconductor restrictions.
Its starting to hot up.
https://www.google.com/amp/s/www.bbc.co.uk/news/business-67141987.amp
China has hit back at the Biden administration's decision to impose new restrictions on advanced chip exports.
The foreign ministry said the curbs "violate the principles of the market economy and fair competition".
The measures target chipmaking tools as well as advanced chips, including two from market leader Nvidia.
The move is being seen as an attempt to close loopholes that became apparent after an initial wave of chip controls last October.
America said the measures were designed to prevent China from receiving cutting-edge technologies that it could use to strengthen its military, especially in the field of artificial intelligence (AI).
The Biden administration has denied it was trying to hurt China economically, but Beijing's foreign ministry branded the move "forced de-coupling for political purposes".
Chinese stock markets which feature chip-related companies have seen modest falls since the announcement. The CSI Semiconductor Index dropped 1.4% on Wednesday, while the STAR Chip Index lost 1.2%.
Oct 20 (Reuters) - As China moved to control some exports of key battery mineral graphite on Friday, miners elsewhere face a race against time to bring new projects to fruition to secure supplies for the next generation of electric vehicles.
China will require export permits for some graphite products to protect national security, its commerce ministry said, in its latest move to safeguard supplies of critical minerals and protect its manufacturing dominance.
The world's top graphite producer and exporter also refines more than 90% of the material used in virtually all electric vehicles' (EVs) battery anodes, which is the negatively charged portion of a battery.
https://www.reuters.com/markets/commodities/miners-race-realise-graphite-projects-china-controls-exports-2023-10-20/
Blackrock mining 10 minute presentation, excellent summary of their project & Mahenge region.
Acp graphite license area literally within walking distance from Blackrocks.
https://ej-blackrockmini.cincopa.com/watch/A4HAcLOLOO68!AUOD_Wnt4zmv
Black Rock has signed an MOU with POSCO for Mahenge Module 2 offtake. Under the deal, POSCO will provide an additional equity investment in BKT of up to US$40m, or a stake of 19.99% in BKT.
This is excellent news for blackrock & Mahenge region , POSCO are a huge outfit.
Surely it's best to wait & see what the next rns brings. As for those selling, let them as they provide opportunity for others.
Only a matter of time but the update will come & I'm sure the board are well aware of things.
Bring it on.