Member Info for mac4671

"JX Nippon Mining & Metals is a company in the field of nonferrous metals and a core member of the JXTG Group, which aims to become one of Asia’s leading energy, resources, and materials business groups."

"Our mission is to provide to society stable supplies of materials, including copper, rare metals,
precious metals,"

"To open up one more growth strategy option, in July 2018 we acquired all shares in the German company H.C. Starck Tantalum and Niobium GmbH, jointly with the Japan Bank for International Cooperation."

https://www.nmm.jx-group.co.jp/english/sustainabilityreport/pdf/report2018_e_full.pdf

That company in particular is also known to work with Toshiba -

"Kawasaki, Japan — Toshiba Energy Systems & Solutions Corporation (hereinafter “Toshiba ESS”) and Toshiba Plant Systems & Services Corporation (hereinafter “TPSC”) today announced that a consortium of the companies has won an EPC*1 contract that includes civil engineering for replacement work for the Goi Thermal Power Station from Goi United Generation LLC. (hereinafter “GIUG”), which is jointly funded by JERA Co., Inc. and JXTG Nippon Oil & Energy Corporation"

https://www.toshiba-energy.com/en/info/info2019_070

GLA

"The Directors also welcome aboard Tamerlan Abdikeev as our new Non-Executive Director and the head of Eurasia in Japan, who has already added significant value by bringing interested parties from Japan, that are keen to secure PGM deposits for nuclear contaminated water cleaning and for the hydrogen economy, where Japan is striving to take the global leadership position."

Tokyo drift baby -

"Development of Hydrogen in Japan
Japan is one of the further advanced countries in relation to developing hydrogen projects and has the advantage of having a designated government policy supporting the uptake of hydrogen, coupled with a public acceptance of hydrogen projects in the domestic-energy mix.

Japan is now in the third wave of hydrogen. The first wave was in the early 1990s, the second wave was in early 2000s, and the third wave started around 2015. In pursuit of finding a way to be independent from the fossil fuel produced in the Middle East and recognising both Japan’s limited domestic energy resources as well as a desire to decarbonise its energy mix, Japan made a deliberate choice to develop a hydrogen-based society in the 1990s."

https://cms.law/en/int/expert-guides/cms-expert-guide-to-hydrogen/japan

"With the Basic Hydrogen Strategy released on December 26, 2017, Japan reiterated its commitment to pioneer the world's first 'Hydrogen Society'. The Strategy primarily aims to achieve the cost parity of hydrogen with competing fuels, such as gasoline in transport and LNG in power generation. The retail price of hydrogen is currently around 100 yen per normal cubic meter and the target is to reduce it to 30 yen/Nm3 by 2030 and to 20 yen/Nm3 in the long-term. Toward this end, over the past six years, the Japanese government has dedicated approximately $1.5 billion to technology R and D and subsidies in support of: Achieving low cost, zero-emission hydrogen production from overseas fossil fuels + Carbon Capture and Storage (CCS), or from renewable energy electrolysis; Developing infrastructure for import and domestic distribution of hydrogen; Scaling up hydrogen use across various sectors, such as mobility, residential Combined Heat and Power (CHP), and power generation."

https://inis.iaea.org/search/search.aspx?orig_q=RN:50001739

"The 11 partners in the venture are Air Liquide Japan, Toyota Motor Corporation, Nissan Motor, Honda Motor, JXTG Nippon Oil & Energy Corporation, Idemitsu Kosan, Iwatani Corporation, Tokyo Gas, Toho Gas, Toyota Tsusho Corporation and Development Bank of Japan."

https://www.h2-view.com/story/who-is-japan-h2-mobility/#:~:text=Japan%20H2%20Mobility%20(JHyM)%20created,and%20continued%20sustainable%20societal%20development.

GLA

And friday, my first thoughts -

"mac4671

Posted in: EUA

Posts: 9,628

Price: 26.50

Strong Buy

Who loves an after hours Friday RNS09 Apr 2021 19:00
Come on now, hands up high so i can see them arrrrrrrrggggggghhhhhhhhhhhhhhh

I think it's the first part of a consortium moving to secure what they can at Monchegorsk tbh, and it explains how confident Citic have been with all of this to have been on a success fee basis for so long!

GLA"

"In 2015, CITIC Group sold 10% stake of CITIC Limited to a joint-venture of Itochu and Charoen Pokphand for HK$34.4 billion (US$4.54 billion); the joint venture also subscribed new convertible preferred shares for HK$45.9 billion (or US$5.9 billion).[15] It was reported it was the largest investment ever made by a Japanese general trading company.[16] The transaction is also the largest acquisition in China by a Japanese company, and the largest investment by foreigners in a Chinese state-owned enterprise."

https://en.wikipedia.org/wiki/CITIC_Group

You get the feeling that they've moved via Citic due to Citic's close relations with Russia, this is just my theory. An idea from all of the current pieces of the puzzle that we know.

GLA

Here's my post -

"mac4671

Posted in: EUA

Posts: 9,666

Price: 27.25

Strong Buy

RE: Japanese consortium's is where it's now at12 Apr 2021 16:39
Anyone any good with Japanese?. When i translate it says " The Eurasia it make bigz monies from Japanese hydrogen industry, we launch ship to help with Dmitry's fleet sailing to treasure island" lol

https://youtu.be/sg-CHYYBv90

GLA"

It's all about Japanese consortiums, it's just how they roll.

GLA

Can you remember the ship vid i posted up a few days ago?. Do you recognise any names from that consortium in this article? lol

https://www.rigzone.com/news/kawasaki_launches_pioneering_hydrogen_vessel-11-dec-2019-160548-article/

GLA

Jetcom, NED -

"After returning to Tokyo in 2010 Tamerlan founded INVERO Advisors, an investment, strategy consultancy and M&A boutique focusing on private equity, project finance, global strategy, business development and cross-border M&A."

I don't call the potential deal 'Tokyo Drift' for nothing lol

GLA

Jumping back to JXTG Nippon Oil & Energy Corporation, you see they're already in the habit of acquisitions for growth -

"To open up one more growth strategy option, in July 2018 we acquired all shares in the German company H.C. Starck Tantalum and Niobium GmbH, jointly with the Japan Bank for International Cooperation."

Now part of that very large consortium. They're moving to corner the market as much as they can, low cost open pit mining of the commodities needed for that consortium's goals is a good fit i would say.

That company in particular is also known to work with Toshiba -

"Kawasaki, Japan — Toshiba Energy Systems & Solutions Corporation (hereinafter “Toshiba ESS”) and Toshiba Plant Systems & Services Corporation (hereinafter “TPSC”) today announced that a consortium of the companies has won an EPC*1 contract that includes civil engineering for replacement work for the Goi Thermal Power Station from Goi United Generation LLC. (hereinafter “GIUG”), which is jointly funded by JERA Co., Inc. and JXTG Nippon Oil & Energy Corporation"

https://www.toshiba-energy.com/en/info/info2019_0701.htm

See, i'm not just a pretty face ; ) lol

GLA

"Air Liquide is contributing to the opening of markets linked to the energy transition, such as hydrogen energy. We offer innovative solutions to laboratories and research center."

https://www.airliquide.com/japan/our-business-offer#science--new-energies

GLA

Money would be no object to that consortium SkankerMan, Eurasia fits what they want to achieve over in Japan.

Hydrogen producer of the consortium -

http://www.iwatani.co.jp/img/eng/pdf/newsrelease/102/20201214_news_e1.pdf

GLA

I drop things in the hope that others take a little closer look at what i drop, that consortium is relevant due to it having a company involved which has the exact same goals as what is mentioned in RNS. It's trying to supply a stable supply of what Eurasia has to the Asian market and it wants to be the leading group. Read through the PDF and you will see that they're also very sustainable focussed. It does the entire route, from mining through to smelting, electronic materials manufacturing and even recycling. It's the arm that would be on the ground if the consortium made a move for Eurasia.

GLA

"The 11 partners in the venture are Air Liquide Japan, Toyota Motor Corporation, Nissan Motor, Honda Motor, JXTG Nippon Oil & Energy Corporation, Idemitsu Kosan, Iwatani Corporation, Tokyo Gas, Toho Gas, Toyota Tsusho Corporation and Development Bank of Japan."

https://www.h2-view.com/story/who-is-japan-h2-mobility/#:~:text=Japan%20H2%20Mobility%20(JHyM)%20created,and%20continued%20sustainable%20societal%20development.

Now let's look at one company in particular of that consortium -

"JX Nippon Mining & Metals is a company in the field of nonferrous metals and a core member of the JXTG
Group, which aims to become one of Asia’s leading energy, resources, and materials business groups."

"Our mission is to provide to society stable supplies of materials, including copper, rare metals,
precious metals,"

https://www.nmm.jx-group.co.jp/english/sustainabilityreport/pdf/report2018_e_full.pdf

GLA

Let's look at what we've actually got, from RNS -

"business development and cross-border M&A."

"· Japanese recent investments in PGM deposits include Japan Oil, Gas and Metals National Corporation (JOGMEC) ownership of 12.95% and Hanwa's acquisition of 9.75% in Platinum Group Metals Ltd in South Africa."

"Tamerlan has introduced several Asian companies interested in working with Eurasia, including a Japanese US$21b net revenue company, that is already present in a PGM mining asset."

Yep, no Japanese angle there.

From the circular -

"Further Recent Developments
Formal Sale Process
On 1 July 2020 the Company announced that following a strategic review of its business and in order to maximise value for its Shareholders it was launching a Formal Sale Process under the UK Takeover Code. The Board appointed UBS as its leang financial adviser to assist in a review of its strategic options including asset sales or a sale of the Company. Non-binding offers have been received and are being progressed"di

"The Directors also welcome aboard Tamerlan Abdikeev as our new Non-Executive Director and the head of Eurasia in Japan,
who has already added significant value by bringing interested parties from Japan, that are keen to secure PGM deposits for
nuclear contaminated water cleaning and for the hydrogen economy, where Japan is striving to take the global leadership position.

Tamerlan has introduced Asian strategic investors to Eurasia who are committed to the move to hydrogen and fuel cells using PGM as catalysts and have active interests in PGM mineral deposits after being hit by the PGM supply disruptions."

It pretty much says Japanese investment to secure PGM deposits due to supply disruptions at their other deposits. But, like everything else with Eurasia we'll just have to wait and see.

GLA

Even though it states that they're interested in securing PGM deposits Jetcom, the RNS at the time highlighting other Japanese investments into companies. FSP is being progressed from non-binding to binding, it can only progress one way. I mean it's an interesting idea, but info to date points to a different direction. Between the RNS and the circular it pretty much says Japanese investmwnt to secure PGM deposits tbh, but we'll see.

GLA

Indeed CAW, there's also that flanks app for a further 50km2 approx, that would take WK into the 1Moz+ play territory. Nowhere near as big as what's at play around Monchegorsk, but it's still a very nice money making asset area to have another first mover position over. Cheap and fast to rapidly expand production there as well.

GLA

Something to think about is those 4 assets with state approved reserves. Our team will have done extensive due diligence on those assets and James has been here for a good length of time now. During due diligence he will have been assessing every angle, including the EPC requirements, by the time they got to a 'binding agreement' stage he will already have a plan for those 4 assets as a minimum imho. A plan which should hopefully be a rapid roll out kind of affair, the other 5 taking up the longer stretch of of the "Eurasia has 24 months in which to decide whether to select some or all of the assets to develop" window.

It's heading towards a month past the JV RNS, something could easily drop about them moving with any or all of those 4 before any FSP deal announcement. They like an after hours Friday RNS, we never really know what will drop on a Friday, we've had a couple of lovely surprises lately and a couple of more wouldn't hurt would they!

GLA

Great to see the 'perfect storm' getting around, nice article CAW!

"is a formula for a build-up of a “perfect storm”, says independent precious metals consultant Dr David Davis,"

Just a mini storm in our much larger 'perfect storm' though. Best batten down the hatches ready!

GLA

Jetcom, i think you'll see James really shine where it comes to those Rosgeo JV assets, his EPC background is perfect for our side of the JV there.

"With my mining EPC experience as COO of Polyus in Russia, as well as at management positions with SNC-Lavalin, Bateman and XCEL Engineering and Management and our team of experienced professionals we are going to roll out the EPCF structure we put in place for Monchetundra to the Additional Assets significantly strengthening our position in the open pit PGM and battery metals district of Kola, where similarly to the Urals open pit PGM district, we have first mover advantage in these times"

First mover advantage at both asset areas, so i guess i can agree that his vast experience and knowledge may well have been used to make WK as efficient as possible for this season as well. We're in a very great position currently.

Our new NED has already added significant value, it's stated in the circular -

"The Directors also welcome aboard Tamerlan Abdikeev as our new Non-Executive Director and the head of Eurasia in Japan, who has already added significant value by bringing interested parties from Japan,"

Added value how, i presume it can only relate to the FSP at this stage.

GLA

Daily SP movements are irrelavant, we're not talking some little penny pinching share, we're talking a PGM district with Japanese buyers brought to the table who are interested in securing some nice juicy PGM pie. While that goes on WK heads into processing ore due to the weather, the income stream is turned on bringing much treasure to the company and all.

Look at the PGM prices, just in time for ore processing, absolutely beautiful!

GLA

Calm down calm down!

Relaxing in the sunshine listening to this -

https://youtu.be/IWWwM2wwMww

Sipping on some nice chilled Koka Kola!

GLA

Tokyo drift baby -

"Development of Hydrogen in Japan
Japan is one of the further advanced countries in relation to developing hydrogen projects and has the advantage of having a designated government policy supporting the uptake of hydrogen, coupled with a public acceptance of hydrogen projects in the domestic-energy mix.

Japan is now in the third wave of hydrogen. The first wave was in the early 1990s, the second wave was in early 2000s, and the third wave started around 2015. In pursuit of finding a way to be independent from the fossil fuel produced in the Middle East and recognising both Japan’s limited domestic energy resources as well as a desire to decarbonise its energy mix, Japan made a deliberate choice to develop a hydrogen-based society in the 1990s."

https://cms.law/en/int/expert-guides/cms-expert-guide-to-hydrogen/japan

"With the Basic Hydrogen Strategy released on December 26, 2017, Japan reiterated its commitment to pioneer the world's first 'Hydrogen Society'. The Strategy primarily aims to achieve the cost parity of hydrogen with competing fuels, such as gasoline in transport and LNG in power generation. The retail price of hydrogen is currently around 100 yen per normal cubic meter and the target is to reduce it to 30 yen/Nm3 by 2030 and to 20 yen/Nm3 in the long-term. Toward this end, over the past six years, the Japanese government has dedicated approximately $1.5 billion to technology R and D and subsidies in support of: Achieving low cost, zero-emission hydrogen production from overseas fossil fuels + Carbon Capture and Storage (CCS), or from renewable energy electrolysis; Developing infrastructure for import and domestic distribution of hydrogen; Scaling up hydrogen use across various sectors, such as mobility, residential Combined Heat and Power (CHP), and power generation."

https://inis.iaea.org/search/search.aspx?orig_q=RN:50001739

"The 11 partners in the venture are Air Liquide Japan, Toyota Motor Corporation, Nissan Motor, Honda Motor, JXTG Nippon Oil & Energy Corporation, Idemitsu Kosan, Iwatani Corporation, Tokyo Gas, Toho Gas, Toyota Tsusho Corporation and Development Bank of Japan."

https://www.h2-view.com/story/who-is-japan-h2-mobility/#:~:text=Japan%20H2%20Mobility%20(JHyM)%20created,and%20continued%20sustainable%20societal%20development.

GLA