Proposed Directors of Tirupati Graphite explain why they have requisitioned an GM. Watch the video here.
Sack the ports security!
"The search was carried out by people who found the body of the homeless person, with traces of blood on his head, on the land of the mining company ICOMI."
https://alynekaiser.com.br/morador-de-rua-e-encontrado-morto-em-mata-da-area-portuaria-de-santana-ap/
They failed again in their INVESTMENT STRATEGY!
"we believe will deliver value to our shareholders".
9/1 I hope ;o)
Blimey,,, that was hard to listen to!!
Trident Royalties obtains royalties on lithium project in Sonora
https://mineriaenlinea.com/2022/01/trident-royalties-obtiene-regalias-sobre-proyecto-de-litio-en-sonora/
Trident Royalties has secured the acquisition of a new royalty on the Sonora Lithium project located in Mexico owned by Bacanora Lithium . Trident says they now have "exceptional exposure to lithium" through their royalty portfolio.
The royalty will provide Trident Royalties with a gross royalty of 1.5% of the mine, which is in the advanced stages of development and in stage 1 production will be worth $14.4 million per year in royalty income for Trident, if lithium were to remain at current spot prices of $55,000 per tonne
Stage 2 is expected to bring Trident revenue of US$28.9 million per year.
In a statement, mining company explains reasons for the crisis and may sell mine in Amapá
Canadian mining company Great Panther Mining , parent company of Mina Tucano Ltda. in Pedra Branca do Amapari , he spoke about the repercussion of the request for judicial recovery formalized with the Brazilian and Canadian courts. In the statement, the company explains the reasons for the financial crisis that affected the gold production project, including inflation, excessive rainfall, technical problems and even complications with equipment suppliers.
The company also says it is open, both in seeking partners for the continuity of its operations in Amapá, and also suggests being open to selling the entire system to a “qualified investor” .
**** Should kdnc do a placing and buy it ?*****
https://www.diariodoamapa.com.br/cadernos/politica/em-comunicado-mineradora-explica-motivos-da-crise-e-pode-vender-mina-no-amapa/
Two new reports out from KPMG
https://administracaojudicial.kpmg.com.br/downloads/relatorios/RMA%20-%20Dev%20Minera%C3%A7%C3%A3o%20Jan%20a%20Jun.22%20-%2006.09.2022-1662640947363.pdf
https://administracaojudicial.kpmg.com.br/downloads/relatorios/RCPRJ%20-%20Dev%20Minera%C3%A7%C3%A3o%20-%2017.12.2021-1662641147532.pdf
Plus payments to Bordero sent to Banco do Brasil
https://administracaojudicial.kpmg.com.br/empresa/5ea076fd756ae112947c36b4
and above all else,,,,, "God Save the KIng"
Chairman of Russian oil producer Lukoil dies after falling from hospital window .
https://www.reuters.com/world/europe/chairman-russian-oil-producer-lukoil-dies-after-falling-hospital-window-source-2022-09-01/
Visit report with pic's from the 25th Aug
https://administracaojudicial.kpmg.com.br/downloads/relatorios/Rel.%20Visita%20Ago%202022%2024.08.2022-1661429221543.pdf
No mention of the railway in the report..
Not looking good at the mo!
"Initially, it is important to mention that the last shipment related to iron ore was carried out in April
2022, and the reason for the non-occurrence of new shipments, according to the Company under Reorganization, was mainly due to the
reasons given below:
ĂŻ Devaluation of the value of iron ore;
ĂŻ Increase of the value referring to the cost with freight;
ï The public port is prepared for the vessel of soybeans and chips, in this way, whenever the “DEV” needs to carry out loading of
iron ore, it is necessary to hire the “Supramax” type of ship, as this modality is self-loading (it comes with a crane) and
supports an amount of 50 thousand thionels of iron ore. The impasse in this case is the scarcity of ships of this size.
Measures that are being taken, so that there is the resumption of the vessels, without having to wait for the appreciation of the iron ore
iron or reduced shipping cost:
ĂŻ Efforts are being made in negotiations with suppliers that provide chemical and physical analysis services, in order to
to achieve a better condition of values ??and payment terms;
ĂŻ Readjust the cost reduction with other suppliers.
As informed on the previous slide, there are currently no shipments being carried out, which is why there is a minimum amount of
employees being maintained, with the aim of dealing with the matters of the operation, as well as maintaining the physical preservation of the place.
There are currently around 22 employees at the Santana Unit, 10 of which are directly hired and 12 are indirect.
It was observed that in the administrative office, there were professionals performing their activities. The environment was organized and
in good condition, containing the following departments:"
PITIFUL !!!!!!!!!!!!!!!!
Page 2
The settlement proposal was made by the companies in order to bring the lawsuit to an early and amicable conclusion. In the term, the companies point out that they do not recognize blame for the damages that have occurred.
Anglo Ferrous Brazil Participações and Anglo American Investimentos - Minério de Ferro were included in the lawsuit in 2019. At the time, the MPF argued that the Anglo American group also explored iron ore in a mine located in Pedra Branca, in the period in which they were registered. damage to archaeological sites in the region.
The Court decided to sentence the companies to pay a fine of R$ 500,000, as collective moral damages for the destruction of archaeological sites, in addition to compensation in an amount to be determined later. The signing of the agreement does not exempt the payment of the fine established in the court decision.
Inspection and deadlines
Once the agreement is ratified, the execution will be monitored and inspected extrajudicially by the MPF through an administrative procedure. In 60 days, the institution hired by the companies for the purchase and distribution of basic food baskets must present a survey of the communities to be benefited.
The company contracted to carry out socio-environmental projects must carry out a survey of the needs of the municipalities in loco , for six months. During the period, the MPF may indicate projects compatible with the term, after consulting educational institutions and the benefited municipalities.
It is up to the MPF to decide which socio-environmental projects will be implemented. The implementation period is one year. Basic baskets must be delivered within three months. The extension of the deadlines depends on reasonable justifications.
The amounts moved in the accounts of institutions hired by Anglo group companies must be detailed to the MPF accompanied by supporting documents.
http://santanadoamapa.blogspot.com/2022/08/mpf-e-anglo-firmam-acordo-que-beneficia.html
Page1
The companies Anglo Ferrous Brazil Participações and Anglo American Investimentos - Ore de Ferro will invest more than R$9 million in socio-environmental measures and in the purchase and distribution of basic food baskets to the population of Santana, Serra do Navio and Pedra Branca do Amapari.
The compromise was signed with the Federal Public Ministry (MPF), in terms of a composition agreement signed last week. The request for ratification of the agreement to the Federal Court was made last Friday (12), in the context of a public civil action in which the company is liable for damage to archaeological sites caused by mining activity.
Under the terms, the amount of BRL 9.6 million will be divided into two equal installments of BRL 4.8 million: one for the implementation of socio-environmental measures and the other for the acquisition and distribution of basic food baskets. The amount of each installment will be deposited in bank accounts of the institutions contracted by the companies for the execution of the commitments.
The companies Anglo Ferrous Brazil Participações and Anglo American Investimentos - Ore de Ferro will invest more than R$9 million in socio-environmental measures and in the purchase and distribution of basic food baskets to the population of Santana, Serra do Navio and Pedra Branca do Amapari.
The compromise was signed with the Federal Public Ministry (MPF), in terms of a composition agreement signed last week. The request for ratification of the agreement to the Federal Court was made last Friday (12), in the context of a public civil action in which the company is liable for damage to archaeological sites caused by mining activity.
Under the terms, the amount of BRL 9.6 million will be divided into two equal installments of BRL 4.8 million: one for the implementation of socio-environmental measures and the other for the acquisition and distribution of basic food baskets. The amount of each installment will be deposited in bank accounts of the institutions contracted by the companies for the execution of the commitments.
@Bannor: Now , Now , don't start on me :o)
I was just checking if the recent placing was still having an effect of the SP ..
(I realised what you were doing obo mbw)....
Mike would have known !!
@Bannor, did I read that you had something to say about the recent placing ?
@MD: Morning.
I wonder if KM has beefed up security for #kdnc's AGM..
Just brought 5kgs of tomatoes and placed them in the sun to go rotten...
Not looking good to restart shipping ..
BOOM TIME For Shipping is BAD NEWS for Economy as HIGH FUEL & LEASE PRICES DRIVE UP PRICES
https://www.youtube.com/watch?v=pWGqxqo3JmE
@jb2: another reason ICE sales are down is because you can't get hold of them..
Two cars on order here both ordered in March and expecting one in September 22 and the other Feb 23
Pre-loved ones prices have hiked upwards..
a blessing or is the end nigh ?
Wonder when we might see the BoD cashing in their options.