Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
As Ukrainian's Fight Grinds On, Talk Of Negotiation Becomes Nearly Taboo
Discussion of a plan B, should Ukraine fail to win a total victory, has become more fraught than ever, say those who have tried
🇩🇪 The New York Times: Germany is secretly discussing the possibility of negotiations with Russia on Ukraine
German officials looked at the situation with the economy in the country and realized that it was time to move as quickly as possible towards the settlement of the conflict in Ukraine.
So, in Germany, officials in private and with trusted specialists from analytical centers are discussing the possibilities of bringing Russia to the negotiating table. This was announced by the director of the Berlin branch of the European Council on Foreign Relations Yana Pulyerin. According to her, Berlin and Washington do not want the conflict to continue indefinitely.
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Come on wake up and smell the coffee. Another African country has had a coup against a pro French government.
A new multipolar word is emerging and one that's not tied to the political dollar.
Icarus, if the BOD had stated 'this financial year', then you are right as that is not be the same as the calendar year 2023.
However, EUA BOD continually used 'this year' in the AGM. That means 2023!
"So the first question is very specific, and it's asked about a proposal from a credible party which
we received in May 2021,
as to whether this particular credible party was still in act of negotiations with us,
and the answer is yes, that party is still in negotiations with us."
"There's a question here about our sales process and the current geopolitical situation.
Basically, the board is focused on getting our assets sold as quickly as possible.
That's all I can really say about that. It's been very clear.
We've made it very clear again and again in our releases and in the annual report.
You can all appreciate, I'm sure, that the market has become difficult now due to this much more
difficult year political situation,
and it hasn't made our job any easier."
"There is a question, and this is a question that's been asked a lot.
Why have we put back in Resolution 6 and 7 regarding the potential to raise funds through
equity placements?
And the Board believes that this year is a very critical year for the company.
We hope to complete the sale, and we're also focused on the company post sale.
It's standard practice for companies in our position to seek such an authority, as we have done
in all our AGMs except last year.
Furthermore, I think it's important that the Board has maximum flexibility for business
development in the future.
It would tie our hands that if there was a very good acquisition we made in advance of, say,
completing a sale,
that we wouldn't be able to proceed at least in part in doing something like that.
And that is the kind of thing we keep in mind always, not just during the sale process.
But the sale process takes precedent over everything else, and that's what we've said."
"There's a question here about will the company proceed with the Sinosteel contract,
if we don't manage to sell the project. Let's just say that that is not a question
we're really considering in detail, we want to sell the project,
but clearly that is definitely an option.
It's a very good EPC-F contract which includes the financing element of it as well,
and it is very attractive and certainly is an option for Eurasia to be considered in the future,
should we not sell, but as I said, our priority is the sale of our assets."
"The favorite question which I get on phone calls from a couple of my long-term shareholders is,
can you give us any confidence that we will achieve our ambition in the sale of its assets?
All I can say is that we're very hopeful that a sale will be completed this year,
and there are a number of reasons for that, but obviously because of confidentiality,
I know this is very frustrating for you, but because of confidentiality with the parties to
we are speaking, we cannot say more than that for the moment."
An example of a BRICS nation out bidding Glencoe's 8b bid to secure coal for its steel mills.
https://www.reuters.com/breakingviews/indian-interlopers-can-disrupt-global-mining-ma-2023-08-25/
I understand your need to interject with a extreme negative valuation, at a time when BOD have confirmed they hope to close asset sale in the next four months.
Leaving that aside, if they were really looking at such a ridiculous low ball offers, surly they would just enact the sino steel contract and build value.
So I take your conjecture purely as a means to discredit the BOD and effect shareholder confidence, just before delivery of the assets sale and set up of EUA2.
What the ascent of hydrogen as a renewable resource means for platinum demand
August 25, 2023 by Henry Lazenby
The emerging global hydrogen supply chain is essentially “made of platinum,” declares Bank of America Global Research commodities strategist Michael Widmer, coauthor of the bank’s Global Metals Weekly report.
If proton exchange membrane electrolyzers (PEMs) become the dominant method for hydrogen production by 2030, grabbing about 70% of the market, it would result in an additional 778,000 oz. of metal demand. However, in an accelerated scenario aiming for net zero emissions, this demand could catapult to 2.4 million ounces.
PEM electrolysis works on the principle of using electricity to break down water into hydrogen and oxygen gases.
The bank’s data contrasts the World Platinum Investment Council’s May data, which forecasts total supply for 2023 to be 236,000 oz. lower than forecasted earlier this year at 7.2 million oz, down 1% over 2022.
Historically, hydrogen production mainly depended on nickel-containing alkaline water electrolyzers (AELs). There has been a marked shift towards adopting platinum-intensive PEMs in recent years. PEMs currently constitute 32% of all electrolysis installations worldwide.
While AELs and PEMs have dominated the market, other technologies like an anion exchange and solid oxide membranes have not yet reached commercial scale.
According to Widmer, current projections indicate that global electrolysis capacity could double annually, potentially hitting 205 gigawatts by 2030. This is a profound increase from the under-1 GW mark recorded in 2022.
Regarding electrolyzer production, China is a dominant player, holding a 55% market share, with Europe and the U.S. collectively comprising 40% of global manufacturing capacity.
Europe has been proactive in its approach to green technologies. Germany, for instance, has revised its domestic electrolysis capacity target for 2030 to 10 GW, up from the initial 5 GW. Additionally, Europe is investing heavily in infrastructure, planning to establish a hydrogen pipeline network of approximately 33,000 km by 2030, which is expected to expand to 58,000 km by 2040.
When discussing the transportation sector, the spotlight remains on platinum-intensive PEM fuel cells, the only commercially viable technology for fuel cell vehicles.
According to BofA, even with lower penetration rates, FCEVs are projected to contribute significantly to platinum demand, potentially hitting 140,000 oz. by 2030.