focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
When is news due on NLGM?
How common is it to discover visible gold?
Until now there has been an institutional seller....Sustainable Capital...would be great if they disappeared from the scene!
TIN
Tin is the forgotten foot soldier of the energy transition, which will be the largest long-term demand driver for the soldering metal, Kettle said.
Nearly 50% of demand for tin, estimated at around 340,000 tonnes this year, is for electronic components, many of them vital for the low carbon economy.
Without tin, electrons don't flow and electric vehicle batteries don't charge.
Jeremy Pearce, analyst at the International Tin Association, estimates electric vehicles, renewables and energy storage use around 45,000 tonnes of tin a year.
"This could increase to up to 70,000 tonnes per annum in 2025 and perhaps 100,000 tonnes per annum in 2030."
RARE EARTHSMagnets made with neodymium and praseodymium (NdPr) are used in wind turbine generators and electric vehicle motors.Electric vehicles made without rare earths are less efficient as the battery pack needs to be about 30% larger to cover the same distance, analysts say.CRU analyst Daan de Jonge sees the energy transition lifting demand and prices for NdPr over coming years to levels that incentivise new projects, but cites caution."China owns the intellectual rights regarding processing of rare earths. They invested in the technology when others wouldn't," de Jonge said.China's dominant position in rare earth supply is worrying for other countriesProcessing rare earths is complicated because there are many metals in the same ore, as opposed to copper ore, for instance, which may contain only cobalt or molybdenum.CRU forecasts NdPr demand from electric vehicles and wind turbines at 41,575 tonnes or 62% of the total in 2025, from 20,544 tonnes or 42% of the total this year.
Rainbow Earths CEO George Bennett flies to Burundi early next month, confident that his meeting with President Evariste Ndayishimiye will lead to agreement on the terms for operating Africa’s only rare earths mine.
The project at Gakara is “definitely going to work,” Bennett tells The Africa Report from Johannesburg. The discussions concern the mining convention covering royalties and tax, he says, adding that the company’s good relationship with the government gives him confidence. “Burundi is a very good resource and a very good project.”
Rare earths are crucial to energy transition as they are needed for magnets used in hybrid and electric vehicles, as well as wind power turbines. According to an International Energy Agency (IEA) report that was released in May, global demand for rare earths may rise by three to seven times by 2040.
"Tin prices have come under pressure this week, with macroeconomic factors pushing all base metals lower. In China, there has been increasing pressure for speculators to wind in long positions, while for some base metals there is the threat of Chinese government held stocks entering the market. However, we do not see any such material entering the tin market. Fundamentally, tin remains tight."
Perhaps SHG should supply...
"Mwanza. The President of the United Republic of Tanzania, Samia Suluhu Hassan today June 13, 2021 inaugurated the Mwanza Precious Metal Refinery (MMPR) gold refinery worth Sh12.2 billion.
The factory, built by the State Mining Corporation (Stamico) in partnership with Dubai's Lozera Company has the capacity to process 480 kilograms of minerals per day.
The inauguration ceremony of the factory was attended by residents of Mwanza city, government officials, political and religious leaders.
The Chief Executive of the factory, Anand Mohan thanked the government for the successful completion of construction of the factory and said it will contribute to the growth of the Tanzanian economy.
RTN...thanks for that info. I just said SC as i see they sold part holding in HUM.
Odey...makes sense they are rebalancing.
Sustainable Capital must still be selling down their holding...it has been easy to buy shares in SHG recently
What % do SHG have to pay the Tanzanian govt at present?
My guess is SC are still ready sellers on SHG...
Interesting presentation....avoided talking about SC as a shareholder whilst mentioning Odey etc
Please could someone give the link to SHG's recent presentation?