Member Info for mogwhy

Good find SG.
"The facility will have an annual production capacity of 3 GWh and will be among the biggest Flow Batteries production facilities worldwide."
3GWh is treble what I had got previously noted down for this project.
I've confirmed that number from the SCHMID website.
That increases the demand for vanadium in large scale VRFB's (40 MWh plus) to 344,100 tonnes over the next few years.
Add in all the smaller systems to be deployed as well and that equals a major supply deficit.

20,000 MWh pa - China - Fangchenggang (250,000 tonnes per year)
--------?------------- China - Ningde, Fujian (30,000 tonnes per year)
---------------------- China - Guangxi Energy Storage Material (25,000 tonnes pa)
3,000 MWh pa -- Saudi Arabia, Dammam - Schmid(15,000 tonnes per year)
1,000 MWh------- China - Jiangsu (5,000 tonnes)
---800 MWh------ China - Dalian (4,000 tonnes in 2 stages)
---800 MWh------ South Africa - Eskom BESS phase 1 (4,000 tonnes)
---640 MWh------ South Africa - Eskom BESS phase 2 (3,200 tonnes)
---500 MWh------ China - Hubei Zaoyang Phase 2 (2,500 tonnes)
---400 MWh------ China - Wuhan (2,000 tonnes)
---200 MWh pa - South Africa - Bushveld Energy (1,000 tonnes per year)
---200 MWh pa - USA - New York (Margaret Lake) ph 1 (1,000 tonnes pa)
---200 MWh------ Australia - Port Augusta (CellCube) (1,000 tonnes)
-----40 MWh------ China - Hubei Zaoyang Phase 1 (200 tonnes)
-----40 MWh------ China - Wafangdian Zhenhai Wind Farm (200 tonnes)

Total of 344,100 tonnes of vanadium

Looking back at the 2019 numbers, Vametco produced 2,832 mtV and sold 2,392 mtV.
That's a difference of exactly 440 tonnes which is coincidentally, exactly the amount of vanadium needed to produce electrolyte for a 100 MWh VRFB.
I made a note in Jan 2020 that the latest estimate was 440t of vanadium per 100MWh but didn't make a note of the source.
Anyone know where this number came from?

Pickler - despite what fatbanker thinks, under the Companies Act of 2006, anyone should be able to view the shareholder register. For shareholders it is free, whilst non-shareholders may be charged a fee. Just ask the company.

Endion - see my posts at 08:11 & 08:32.

Jamiejojo - thanks for that info. I will be delighted to see BMN at 100% production next week.
It's just that all the official info available doesn't seem to point to that being possible.

Pdub - so posting factual, government sourced information to correct misunderstandings here is seen by you as negative ?

Gr33ning68 - those regulations are dated 29th April.

SIPPmeister - read this and then apologise.
See page 21, bullet point 30 for the regulations for open cast mining under level 4 lockdown. This is the official regulations.

https://tinyurl.com/y8nxjyol

knutsfordnotary - BMN cannot resume at 100% today.
It's a phased resumption of operations.
"Open-cast mining operations may be scaled up to a baseline of 50% and thereafter up to full employment."

Some more detail on the one third of workforce issue here.

https://www.bizcommunity.com/Article/196/861/203195.html

It seems that the workforce will be phased back in a third at a time.

Pdub - wres production wasn't directly affected by CV19 on 13.03.2020. No staff have been infected to date.
14.03.2020. - wres production was unnaffected by the lockdown at that stage when I made my comment. It wasn't until 2 weeks later that the mine closed down.

knutsfordnotary - according to the link I posted, BMN can resume production at 100% but only using 30% of the workforce under level 4 lockdown. If they can achieve 100% production with a third of the workforce, then some serious cost cutting needs to made !

L200 - no holding now in wres. Sold all the way down to 0.2p as things got worse and the debt rose.
Doubled my holding here at 10p instead.

Drifter88 - just a note of caution on the expectation of resuming 100% production. The stage 4 lockdown mandates that only 30% of the workforce are allowed back.

"Only a third of the workforce would be allowed to return during level four, with the result that some businesses would not be able to reach full production."

https://tinyurl.com/y7r72twl

Sanchez599, you appear to have lost your sense of humour.
I don't see that vanadium prices rises is a negative for BMN.
I also made a very positive post yesterday about the future vanadium requirements for planned VRFB projects.

Oh dear, loudspeaker. I got pulled up by the BB police yesterday
for quoting ferro-vanadium prices.
I can't see any V205 prices in your post, they all seem to be FV.

link missed
http://www.asianmetal.com/VanadiumPrice/Vanadium.html

According to this, V205 has risen by 11% in Rotterdam over the last 30 days.

There is no 25% rise in the US market.
https://tinyurl.com/ya35n4zu

"President Cyril Ramaphosa has enlisted the services of an additional 73,180 South African National Defence Force (SANDF) members to assist the South African Police Service (SAPS) during the nationwide lockdown."

"The Democratic Alliance’s (DA) interim Leader John Steenhuisen said that the decision to enlist the services of more soldiers didn’t bode well for the prospect of ending the lockdown.

“This seems to suggest that the ‘hard lockdown’ will be enforced longer, beyond next Friday’s deadline,” he said."

“We can’t extend the lockdown into perpetuity. I would rather spend the money on testing and tracing to make sure we know exactly what the extent of the virus is. This is not a good sign.”

“Friday is going to be a turning point when people get their reduced salaries, debit orders start going off…we hope the soldiers aren’t being called up to enforce the lockdown.”

https://tinyurl.com/y8ojps6f