Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
"We expect to produce spodumene, a lepidolite mica rich concentrate and a tantalum rich concentrate, late this week provided that final formal outstanding approvals from certain Zimbabwean authorities are received,"
Note the use of "received" which, in my opinion infers the approvals have already been given and they just need to be processed through the tediously slow government system prevailing in Zimbabwe.
Rolls-Royce to benefit from Chinese travel recovery, UBS says
Rolls-Royce Holdings PLC (LSE:RR.) is set to benefit from Chinese travel recovery, brokers at UBS reckon.
February data from Chinese regulator CAAC highlighted domestic revenue passenger kilometres (RPKs) are already at 95% of 2019 levels, with international RPKs sharply increasing to 13%.
That’s up from 3.4% in 2022 and 8.6% in January, analysts noted.
With traffic improving, the engine manufacturer’s Trent 700 engine is likely to be generating higher profit margins than Rolls-Royce’s other major engine programs, analysts noted.
The Trent 700 powers the Airbus 330 plane.
“Having lagged the A330ceo recovery to date we are comforted that the engine has seen materially increased use as China has recovered,” UBS noted.
The research house has a Buy rating and £2 price target on Rolls-Royce stock.
High demand for minerals in lithium, driven by ion batteries for electric vehicles and other green technologies, may be Zimbabwe’s sanctions get-out-of-jail card — or a get-rich-quick card for Zanu-PF.
In December, Mnangagwa banned raw lithium exports in pursuit of the old African dream of beneficiating, adding value by processing before export.
Premier African Minerals CEO George Roach told The Africa Report that Western countries should lift sanctions against Zimbabwe to cash in on lithium.
His company owns Zimbabwe’s Zulu lithium project. Roach told the journal that European companies wanting to buy lithium from the Zulu project “have a bit of rethinking to do”. They should be pushing for an end to sanctions and looking for refining capacity.
https://www.newzimbabwe.com/in-depth-mnangagwa-regime-sees-lithium-as-zims-get-out-of-jail-card-and-us-sanction-buster/
(Reuters) - Britain's Rolls-Royce (RR.L) beat expectations with a 57% rise in underlying operating profit to 652 million pounds ($787 million) for 2022 on Thursday, helped by a better performance in Civil Aerospace and Power Systems.
New chief executive Tufan Erginbilgic said the company's performance had improved from the blows inflicted by the pandemic but it was capable of much more if it had a shared determination to deliver cash and reduce debt.
"Our transformation programme will improve our efficiency and commercial outcomes, and deliver a sustainable reduction in working capital," he said.
The company, which makes engines for Airbus A350 and Boeing 787 planes, said the outcome of a strategic review would come in the second half of the year, along with medium-term goals.
From 'The Herald', Zimbabwe:
https://www.herald.co.zw/mining-sector-benefits-from-supportive-policy/
The diamonds are a surely a bonus but what interests me more is the statement that:"Upon this matter being finalised the Company can refocus its attention back to other opportunities in Zimbabwe as previously announced."If trust is established, the possibilities could endless here.
Persistent shortages of lithium over the next decade will lead to fewer car sales and hit the cheaper end of the market hardest, the head of one of the biggest producers of the vital battery metal has warned.
NOVEMBER 19 2022:
Paul Graves, chief executive of Pennsylvania-based Livent, said the lithium supply crunch as demand roars would lead carmakers to prioritise material for their more profitable models.
“If you take those forecasts of demand or conversion of sales, then we can never expand lithium supply quickly enough to catch up,” he told the Financial Times. “We see no situation where there will be enough lithium to supply all the corners of demand.”
Graves, whose company is a supplier to Tesla, General Motors and BMW, warned that the problem meant it would take longer than policymakers expect to phase out internal combustion engine cars, and that “low-cost vehicles will be the challenge”.
The comments from the former Goldman Sachs banker echo those of Carlos Tavares, head of Jeep and Peugeot owner Stellantis, who has argued that emissions legislation will push up car prices and squeeze the middle class out of vehicle ownership.
Formed in 2019 as a spin-off from US agricultural chemicals producer FMC Corporation, Livent is seeking to break into the top ranks of lithium companies.
It aims to increase lithium carbonate production capacity in Argentina to 100,000 tonnes by 2030, up from 20,000 tonnes in 2020, and owns a stake in Nemaska Lithium, which is developing a hard rock project in Quebec.
The lithium market is set to grow from 700,000 tonnes of lithium carbonate equivalent this year to more than 3mn tonnes by 2030, according to Fastmarkets, a pricing agency.
McKinsey estimates that 15 per cent of lithium demand will be unfulfilled even if all projects under development come to fruition.
Lithium prices have jumped 10-fold in just under two years as electric car sales have taken off, while new supply has been muted following a glut in 2019. Underlining the boom, Chile’s SQM this week reported a 10-fold increase in net profit to $2.8bn in the nine months ending September.
FRIDAY, 11 NOVEMBER 2022
Rolls-Royce and China Eastern Airlines have signed a TotalCare® Life service agreement for 10 A330 aircraft powered by Trent 700 engines. The agreement, which will cover at least a five-year term, was announced at the fifth China International Import Expo (CIIE) taking place in Shanghai from 5-10 November, 2022.
The agreement enables China Eastern to receive highly comprehensive aftermarket services and operational support, ensurethe best overall life cycle cost-efficiency for their A330 fleet and maintain a high level of flexibility to better manage their assets in the future. Rolls-Royce Trent 700 engines have been powering China Eastern’s A330 aircraft since 2006. Trent 700 engines already power more than 50 China Eastern Airbus A330 aircraft in service.
As Rolls-Royce’s flagship service offering, TotalCare covers off-wing repair and overhaul, and is designed to provide operational support and maintenance cost certainty for customers by transferring time on wing and maintenance cost risk to Rolls-Royce. It also delivers enhanced aircraft availability thanks to Rolls-Royce’s in-depth engine knowledge that draws on advanced engine health monitoring. TotalCare Life helps airlines to protect asset value for the life of the engine and promotes asset management flexibility.
https://www.rolls-royce.com/media/press-releases/2022/11-11-2022-rr-and-china-eastern-sign-totalcare-agreement-for-trent-700-engines.aspx
Just seen this on twitter: #OCDO expanding into Spain as well as S Korea
@LukeJensenOcado
Quote Tweet
Luke Jensen
@LukeJensenOcado
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Oct 3
Enjoyed a visit with the @alcampo team at the end of last week as ISF begins to roll out in stores and as we look forward to our Spanish CFC go-live in 2024! Always have to make time for a little grocery safari on my travels ?? Most recent stop: Madrid! ????
Lucy Tobin, The Tipster from The Times reckons this a buy.
This is backed up by Berenberg bank analyst Benjamin May, who also flags Team17’s “very positive pipeline”, adding that the shares, now changing hands at about 16 times earnings for 2023, are “highly attractive”.
Add to this the fact that gaming firms may benefit from the cost of living crisis — it’s a cheap night in.
Compound annual growth in the global gaming industry is forecast to be 9 per cent from 2019 to 2024, when revenues are expected to hit $219 billion, according to the games analyst Newzoo.
https://www.thetimes.co.uk/article/share-tip-the-worm-that-turned-team17-can-win-again-pgj2qsd3r