Member Info for Mjd2020

Morning Les, excellent news and I hope you both enjoyed celebrating yesterday. A the best to you both.

Couple of things:

1) Hopefully sale news arrives over the next 6 weeks or so and it’s a good result.

2) If this talk of further projects outside of Russia is correct, that they are not lining up plots in Afghanistan. Although…

Starts on June 15th.

No idea if this is something EUA would attend but lots of topics that are relevant to EUA are being discussed - Green Energy, BRICS, Western Investors in Russia, Subsoil strategy around sovereignty of audit data used for classification of resources.

https://forumspb.com/programme/business-programme/

This says companies from the UK and Japan are attending amongst others like China.

https://www.kommersant.ru/theme/3432?from=tag

In terms of the AGM, will Kotaro Kosaka need to be re-appointed? I thought he might as he was appointed after the last AGM but I’m not 100% sure. Be grateful if anyone can clarify.

Could be promising - pending confirmation of likelihood of tick up from Onassis : )

From last week, the Russian Minister of Industry inviting BRICS countries to jointly develop projects in Oil and Gas but also Green Energy including hydrogen technologies:

“The Russian Federation offers the BRICS countries to jointly develop oil and gas processing, "green" energy”

https://www.interfax-russia.ru/rossiya-i-mir/rf-predlagaet-stranam-briks-sovmestno-razvivat-pererabotku-nefti-i-gaza-zelenuyu-energetiku

Thanks Caw! Leapfrog , a 1000 apologies : )

Cheers Caw, I can’t see it either. Maybe it’s next to the tartan paint selector vacancy! Happy to be proven wrong but would have been better if the tweeter had of shown the link to the job of valid.

Interesting! Had a quick look but couldn’t find the job advert. Is there a link or is this a wind up?

Bit of Chinese whispers amongst the shorters. Someone mentioned it was the Platinum JUBilee next week and it’s spooked a couple of them like a meerkat on double espresso.

Speaking of Hydrogen and Ammonia, I missed this back in Feb, probably in the build up to the war but covers EUA and H4Energy’s Kola Green Hydrogen Project and Sakhalin Island projects:

https://www.ammoniaenergy.org/articles/ammonia-exports-from-regional-russia/

From April - quite interesting read about the rivalry between the two. Sharing as also mentions Sechin’s connections with Chinese investors but I have no idea how valid the source is.

http://www.moscow-post.su/economics/oblozhili-potanina-nornikel-mozhet-uyti-ot-nego-k-sechinu-167701/?amp=1

From page 63 of the 2020 accounts (29 Events after the consolidated statement of financial position date):

“The Company received an expression of interest regarding a potential substantial asset sale in May 2021”

Rns:

https://www.investegate.co.uk/eurasia-mining-plc--eua-/rns/potential-asset-sale--fsp---other-updates/202105121808284503Y/

Small production estimate for last year for EUA but gets a mention:

Underlines BoD say no impact from sanctions from western nations preventing company from executing its strategy (no mention of what the strategy is so the marketing people that have written this may have taken the statement out of context)

NN estimate output from WK as being no more than 1koz of platinum production for last year - same estimate they made in the November edition.

No mention of other EUA assets as far as I could see whereas they do mention Russian Platinum’s as having possible new projects at Chermogorskoye and Norilsk-1 but that development is dependent on RP’s ability to overcome limitations caused by sanctions.

Written by the marketing team so nothing sensitive but possibly would have expected MT to get a mention as a prospective site after the ERDC press?

https://www.nornickel.com/investors/commodity-research/#2022

Hopefully Artem’s appointment will help deliver a big MatyuSHOK (shortly) for those who didn’t think an asset sale would happen.

Tincoff was forced to sell after his anti-war instagram post where he said that the war was “insane” and a “massacre, waged by a sh** army”. And where he said the 10% of Russians who supported the war were “morons”.

I think that the Tincoff “deal” should be viewed in that context.

https://www.themoscowtimes.com/2022/04/20/sanctioned-tycoon-threatened-with-prosecution-for-fake-anti-war-post-a77414

Interesting mention of raw materials and green hydrogen in this paragraph:

“"We believe that high-tech, along with raw materials business, tourism and financial technologies, is where Interros should go," said the entrepreneur. He considers promising areas in this area to be the study of brain capabilities, the creation of sensors, the development of neuromorphic computers, as well as investments in renewable energy sources up to working with the production of "green" hydrogen.”

Full article is here which covers his wider approach:

https://www.interfax.ru/business/841707

MAY 13, 2022 15:46

Andrey Chibis: "No company has stopped investment projects"

“It is important that no company has stopped investment projects. The planned plans at the moment either in the course of implementation or in preparation, - said the head of the region.”

https://kn51.ru/2022/05/13/andrej-chibis-ni-odna-kompaniya-ne-ostanovila-investiczionnye-proekty/

FWIW - not investment advice, just sharing what Chibis has been quoted as saying and nice to read since we know EUA’s Murmansk projects are referenced on the investment website:

https://invest.nashsever51.ru/registry/investment-projects/c149930b-a0e0-4063-826f-d7b20c5085ff#cecutient

My bad - it’s from 2021, still Rosatom point stands

I thought that the Japan link may be at risk due to the relationship between Russia and Japan having deteriorated, however the last lines of this Japanese article (from this month) suggests that hydrogen from Sakhalin may be supplied to Japan.

Wider article also talks about the Hydrogen trains being ordered for Sakhalin itself and domestic use in Russia.

Also see that Rosatom are heavily involved - same company that recently announced the JV with NN for lithium in Murmansk.

“Los Atom subsidiary manufactures hydrogen in Sakhalin
"Rusatom Overseas" (Rossatom affiliate, providing Russian nuclear technology abroad) and French industrial gas manufacturer Air Liquide S.A. is planning to build a hydrogen plant with an annual production of 30,000 to 100,000 tons in Sakhalin. For this reason, a state-of-the-art floating nuclear power plant (design number 20870, nuclear reactor RITM-200) may be installed.
According to expert estimates, the project costs about 200 billion rubles. The Russian Ministry of Energy proposed the formation of a "hydrogen valley" that will be given preferential tax to Sakhalin as soon as possible for industrial development.
Hydrogen made from Sakhalin may be exported to Japan. In 2019, "Rusatom Overseas" announced that it will conduct a fisibility study on the export of hydrogen by sea to Japan. ( KONTINGENT, APRIL 23)”

https://www.erina.or.jp/columns-today/142900/