Member Info for kevkan

It's been talked about for some time nice to see some traction in it, furthermore if you add to that the home domestic storage application opportunity, plus everything else it beggars believe where we are right now

The two steelmakers are among the first producers in Hebei province to comply with the local government’s latest audacious plan to make its smoke-stack industries more efficient and clean the notoriously toxic air of the northern industrial heartland.

Provincial authorities ordered mills, including some owned by HBIS Group, the world’s fourth largest steelmaker, in almost a dozen of its smoggiest cities to shut, move to a new industrial park on the coast or get out.

The moves, detailed in a document published on the province’s website in July but not previously reported, mark a new front in the government’s years-long war on pollution and outdated excess capacity in heavy industry, heralding even more upheaval for the debt-laden steel sector.
https://uk.reuters.com/article/us-china-pollution-steel/chinas-steel-heartland-tests-mills-mettle-with-new-smog-busting-plan-idUKKCN1LQ2P3

If you look at where we are now compared to as little as 2 years ago it's remarkable progress from a little known technology. The adoption rate is gathering pace at breakneck speed be it large, medium and now small scale (Voltstorage) . Moreover, the pressure building on the vanadium supply side is mouthwatering and for me at least confirms the short term price fluctuation as inconsequential. What a position we find ourselves in

Picked up framework contracts for NHS/public services, more vanadium needed rudders

Shift to renewables to become a growing trend in the mining sector

Who remembers this quite fitting I believe
https://www.youtube.com/watch?v=2ys1xWPabpM

To meet growing demand while adhering to environmental sustainability and social accountability, Fitch anticipates that mining companies will intensify investment into renewable energy battery storage, energy efficiency and carbon capture and storage.

This has already seen an uptake, with key deals being struck between metal producers and electric vehicle or consumer electronics firms this year.

This shift to renewables will see mining operations moving away from the present standard of traditional fuel sources - mainly fossil fuel-based grid power or off-grid diesel-generated power

http://www.miningweekly.com/article/shift-to-renewables-to-become-a-growing-trend-in-the-mining-sector-2018-09-10

clarkgriswold
I agree and understand just thought it could have been the final straw in a long running saga

The action could in some part be linked to the share award at the AGM. (last straw) we all thought good job well deserved, the guys on the coal face didn't quite see it that way. " It's ok for them running round in their new cars and flashy suits it's us that's making this happen day in day out blah blah" Sounds like a carrot may have been dangled in the summer then it all went quiet, who knows one can only speculate . It's clear this has been ongoing for some time needs resolving and put to bed.

Realisation kicking in around the latest DoE’s draft Integrated Resource Plan (IRP 2018) and what this means for coal industry
Eskom’s coal costs have increased by 300% in real terms over the past 20 years, the ‘Coal Transition in South Africa’ report shows.

At the same time, the cost of new renewable-energy capacity has fallen to levels where it “is now considerably cheaper on a levelised cost and system basis than either new Eskom coal-fired power plants (under construction) or proposed privately owned coal plants”.

However, the economic results in the study show that it is possible to both meet climate change targets and grow the economy, with large investments in new renewable energy having positive cost and employment spin-offs. In fact, the net job effects of a large scale roll-out of solar and wind are positive.

http://www.miningweekly.com/article/coal-transition-support-should-aid-workers-and-communities-not-eskom-report-2018-09-06

Interesting paragraph from the report:
BHP like other major miners has been building teams to analyse the market and pick out the next generation of major projects for future development.
These teams are growing in their expertise and activity and are actively scouring the market. They will compete to buy the better juniors before being cut back in the next commodity price downturn – such is the nature of big companies and their reaction to lower cash flows.
SolGold looks likely to be the first AIM-listed junior explorer to be fought over by the majors for some time as we head towards a new round of stake building and acquisitions.

Irsigler agrees, stating that it will remove some of the uncertainty that clouds South African mining, and will go a long way towards improving certainty for equity investment.

“With only 270 000 small businesses in our country, according to [SBI’s] recently-launched baseline study, transformation is a tool to set our country onto a growth path that will embarrass the rest of the world, and I think the charter can help us to achieve that,” Swanepoel enthuses

Bit wordy pays your money
http://www.miningweekly.com/article/early-adoption-of-mining-charter-supplier-requirements-will-be-a-competitive-advantage-lawyer-2018-09-06

Sorry no idea I think you might though

Someone turning the screw again

Utilities can also switch to so-called flow batteries, which work by storing energy in large separate tanks of liquid electrolyte that is then pumped through a cell. Such batteries can use different materials such as vanadium, a metal currently used in the steel industry.

Vanadium batteries have the benefit of not losing their capacity — a process known as degradation — as quickly as lithium-ion batteries. Vanadium material can also be easily reused.

“We rent the vanadium electrolyte,” Scott McGregor, the chief executive of UK-based company RedT Energy, says. “It’s the first resource in the energy sector that you don’t consume.”

So he has finally woken up to the fact he can't just pick it up anywhere might be a customer in the non to distant

Last post on this just to say huge trading on sxx very tight spread yet they still manage to post buys and sells as red and blue funny that

Pursuit managing director Jeremy Read told Stockhead the outlook for the company’s projects was very positive.

“The vanadium projects which have good grade in the ground, produce magnetite concentrates of excellent vanadium grade, have access to cheap power, good infrastructure and are ultimately close to markets.

“Those are the factors that are going to determine which vanadium projects get into production and which ones do not. Pursuit plans to start drilling in November.

Well Jeremy you got that right just a shame we are about 4 to 5 years ahead of you

If you think our last update was bad (sort of) have a look at what SXX put out this morning

World’s biggest miner speeds hunt for copper assets, buys stake in SolGold
World’s largest miner BHP (ASX, NYSE:BHP) (LON:BLT) has bought a 6.1% stake in Ecuador-focused explorer SolGold (LON:SOLG) (TSX:SOLG) for $35 million, increasing this way its exposure to copper as the Cascabel project is believed to have the potential to become one of the largest copper-gold assets ever discovered.

http://www.mining.com/worlds-biggest-miner-speeds-hunt-copper-assets-buys-6-stake-solgold/

Guys I find it hard to believe they would flout what they have written here it bodes a prison sentence to me, I accept I could be totally gullible but I just cannot see it.

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US weekly steel capacity utilization climbs to 79.8%, highest since 2014: AISI

US mills produced 1.87 million st of steel during the week that ended Saturday, up 0.6% from the previous week. The 79.8% utilization level is the highest seen since utilization reached that mark in the week that ended July 26, 2014.
Last week's production was up 6.3% from the same week a year ago when capacity utilization was 75.4% and production totaled 1.76 million st.

Adjusted year-to-date production was calculated by the AISI to be 63 million st at a capacity utilization rate of 77.3%. That is up 4% from the same period last year, when the capability utilization rate was 74.6% for 60.6 million st of production.

Add the China re- bar increase to this and what do you get

https://www.spglobal.com/platts/en/market-insights/latest-news/metals/090418-us-weekly-steel-capacity-utilization-climbs-to-798-highest-since-2014-aisi

Tyfoon all the way