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Julian
You'd probably get the answer from Glencore if they're the offtakers from NRR.
If it't not used for home consumption in Oz perhaps the likely destinations are Shanghai, Chennai or far east.
GL
piece of useless information in case anyone's interested
https://www.mcarthurrivermine.com.au/en/Induction/Bing%20Bong%20Visitor%20Induction%20Handbook.pdf
https://en.wikipedia.org/wiki/McArthur_River_zinc_mine
https://www.seatransport.com/transhipment-services/
https://www.australianmining.com.au/news/nathan-river-iron-ore-mine-to-create-250-jobs-in-nt/
https://www.abc.net.au/news/2018-12-16/whistleblowers-raise-alarm-about-lead-dust-in-ocean-from-ships/10623596
https://www.abc.net.au/news/rural/2018-09-18/nt-iron-ore-mine-comeback-spark-environmental-fishing-concerns/10060256
(This one worth a look-includes local views and bit of history)
http://www.naivenomads.com.au/wordpress/bing-bong/
https://www.mining-technology.com/projects/roper-bar-iron-ore-project/
(Roper bar project -Worth a read)
GWM
Some of this might go some way to answer your question (partially)
https://seekingalpha.com/article/4371499-nickel-monthly-news-for-month-of-august-2020?utm_source=feed_articles_investing_ideas_all&utm_medium=referral
https://www.metalbulletin.com/Article/3948781/Latest-news/BATTERY-RAWMATERIALS-MARKET-REPORT-2808-Nickel-sulfate-prices-continue-to-rise-cobalt-liquidity.html
https://www.miningmagazine.com/plant/news/1394060/boliden-plans-20-more-nickel-capacity
GL
Mention of AMC seems to be more frequent as demand for nickel hots up.
https://www.proactiveinvestors.co.uk/companies/news/925730/are-small-cap-nickel-stocks-a--buy--as-tesla-ceo-sets-challenge-to-miners-925730.html
Giga metals sales call perhaps ?????
https://www.miningmagazine.com/sustainability/news/1392750/giga-metals-launches-nickel-co2-capture-project
Sharegar
"Then I expect big things when the frenzy for projects really gets going."
Can't see anything happening on Tjate front in the foreseeable. Too many mining issues deterring new investment in SA.
Hence the move into Zambia as a hedge which may turn out to be the jewel.
https://www.dailymaverick.co.za/article/2020-08-06-south-africas-declining-mining-sector-in-five-key-statistics-but-it-is-still-making-money/
As for a re-rate of SP ...the attached article might suggest JLP are lagging behind somewhat but having breached 5p we might be on our way.
https://www.businessinsider.co.za/mining-shares-jse-2020-8
All in IMO.
GLA
Refreshing balanced view from Ken Hoffman imo
https://www.kitco.com/news/video/show/Kitco-NEWS/2925/2020-08-05/Why-Elon-Musk-wants-more-of-this-metal-produced#_48_INSTANCE_puYLh9Vd66QY_=https%3A%2F%2Fwww.kitco.com%2Fnews%2Fvideo%2Flatest%3Fshow%3DKitco-NEWS
FYI
https://seekingalpha.com/article/4362139-nickel-monthly-news-for-month-of-july-2020?utm_source=feed_articles_investing_ideas_all&utm_medium=referral
At least AMC gets a mention. Also in the footnote the author may have a holding as well.
GLA
Can't see any divis in the foreseeable IMO.
Extract from 6 month update LC suggests the cash may be utilised here....
"We have targeted a second copper resource which if successfully concluded holds the potential to be brought into operation well in advance of our Project Elephant. This would secure a sustained copper ramp-up prior to Project Elephant being commissioned. We have set ourselves a target to achieve the production of 25 000 tonnes of copper per annum within the next 4 years.
At circa $3 lb that's approx $165m p.a. ...not bad.
And with the EV story unfolding surely a lot of copper will be needed.
GLA
CBS
"I'm naturally nervous about this. I don't get what we can buy with what our MC is, and exactly how much on the hook will the company be for other related costs and expenses."
…..and the continuity of the other business to provide those cashflows.
Wait and see I guess.
GL
Concur with that CT. Why have a 20 min interview when it can be covered in 10 !
He's certainly succinct and perhaps the combo with Thomas Bowens looks like it's heading in the right direction.
But in defence of RY Adam's no doubt been primed with information we're not party to and I'm glad he's stressing (to RY) that the "asset issues" need to be resolved for anything else to happen.
At this stage of the game it's probably a case of what info should be released and when i.e. strategy which is why I'm personally not bothered about drilling updates being disclosed ...especially with the current sp .
As he says quite a bit happening for the rest of this year. What we do know is the shares in issue will no doubt be 1.5b if not 2b by the end of the year. What's offered in return is anyone's guess....hopefully something value adding to shareholders.
Just my thoughts
GL
So it appears Paraguay drilling is now pushed into next year. The company can't afford it this year anyway after the loss and sensible to wait and see if oil price stabilises over next 6 months.
Part of the writedown is a reflection of farm in discussions so that suggests other parties consider the risk is too great for the reward on offer.
If Trafigura or A.N. Other want a further 10% stake it'll only cost them around £4m ...there's a thought !
Just thinking aloud
GL
FYI
https://www.proactiveinvestors.co.uk/companies/news/921679/amur-minerals-lifted-by-progress-at-russian-nickel-and-copper-project-921679.html
https://www.proactiveinvestors.co.uk/companies/news/222250/amur-minerals-offers-two-potential-development-scenarios-for-the-kun-manie-nickel-sulphide-deposit-222250.html
CT
Any idea how long it takes for the TEO to be approved or not?
Hopefully not as long as the license
Might need a new authority to issue more
http://amurminerals.com/content/wp-content/uploads/Amendments-to-the-MA.pdf
Just in case you didn't catch this...HZM info FYI
https://www.proactiveinvestors.co.uk/companies/news/909795/horizonte-minerals-upbeat-over-nickel-price-909795.html
FYI ...previously posted from July 2019
Apparently courtesy of QQR of ADVFN board...program has now been approved by Medvedev and just needs sign off by Putin
https://www.translatetheweb.com/?from=ru&to=en&ref=SERP&dl=en&rr=UC&a=https%3a%2f%2fwww.mega-mir.com%2f
Item 3.1 Amur Region includes
Economic development:
expansion of Priamurskaya, Belogorsk and Free TOR to land for new investment projects, including small and medium-sized enterprises;
the extension of the regime of the free port of Vladivostok to the city of Blagoveshchensk;
commissioning of the Amur gas processing plant with a capacity of 42 billion. Cube. natural gas (2025);
construction of the Amur gas-chemical complex;
output to the project capacity of the Vostochny Cosmodrome (2025);
access to the project capacity of the mining and processing plant on the basis of the Ogodzhinsky coal deposit (2022), a methanol plant in Skoworodino (2024);
construction of a transport and logistics complex in the area of the cross-border road bridge over the Amur River between the cities of Blagoveshchensk (RF) - Heihe (PRC);
preparations for the development of the Kun-Manye copper and nickel deposit, the titanomagnetite deposits of the Great Seyim and Kuranah;
creation of the tourist-entertainment zone "Golden Mile";
BB2
Thanks for that.
Just a question about TEO 2020.
If final deadline is Dec do you reckon a potential Mining partner or acquirer would want input into the plan b4 submission?
Can it be changed after submission?
GL