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Does it matter when eurasia said they were not rushing into moving ahead with the sinosteel agreement anyway and that the interested parties have their own views and preferences on who they would want as EPC contractors so not necessarily Sinosteel would be their choice. The option is there but the plan is to sell the the assets not to kick-start the agreement and mine the metals.
All the companies.
https://leave-russia.org/staying-companies
B1ll you said Without funding for development, realistically, zero value will be added.
It tells you in the previous RNS's how they will go about it.
Eurasia will be the operator of the JV and, if it chooses to do so, will develop the Additional Assets by implementing an EPCF (Engineering, Procurement, Commissioning and Financing) structure similar to that signed with Sinosteel for the Monchetundra open pit mines.
ANNEX XXX
List of goods referred to in Article 3a
Aluminium, including bauxite
Chromium
Cobalt
Copper
Iron ore
Mineral fertilisers, including potash and phosphate rock
Molybdenum
Nickel
Palladium
Rhodium
Scandium
Titanium
Vanadium
Heavy rare earths (dysprosium, erbium, europium, gadolinium, holmium, lutetium, terbium,
thulium, ytterbium, yttrium).
Light rare earths (cerium, lanthanum, neodymium, praseodymium and samarium)’.
Regulation (EU) No 833/2014 is amended as follows:
(1) in Article 1, the following point is added:
‘(x) “mining and quarrying sector” means a sector covering the location, extraction,
management and processing activities relating to non-energy producing materials;’;
Paragraph 2. It shall be prohibited to:
(a) acquire any new or extend any existing participation in any legal person, entity
or body incorporated or constituted under the law of Russia or any other third
country and operating in the mining and quarrying sector in Russia;
(b) grant or be part of any arrangement to grant any new loan or credit or
otherwise provide financing, including equity capital, to any legal person,
entity or body incorporated or constituted under the law of Russia or any other
third country and operating in the mining and quarrying sector in Russia, or for
the documented purpose of financing such a legal person, entity or body;
(c) create any new joint venture with any legal person, entity or body incorporated
or constituted under the law of Russia or any other third country and operating
in the mining and quarrying sector in Russia;
(d) provide investment services directly related to the activities referred to in
points (a), (b) and (c)
Last Part.
5. The prohibition in paragraph 2 shall not apply to mining and quarrying activities that
yield their highest value from, or have as their primary objective, the production of
any of the materials listed in Annex XXX.’;
I have read the prohibitions info.
The establishment of certain commercial
arrangements in Russia is also prohibited.
Namely, establishing new branches, offices
and subsidiaries in Russia, as well as joint
ventures with persons connected with Russia.
Where these activities would otherwise be
prohibited and the exceptions below do not
apply, a person may apply for a licence from
OFSI to carry out activities in certain specified
circumstances. These can be found in
regulation 7 of the Regulations.
Exceptions
None of these prohibitions will be
contravened by a person undertaking an act
to meet an obligation under a contract that
was concluded before 19 July 2022 (or an
ancillary contract necessary for the satisfaction
of that contract), provided that person notifies
HM Treasury no later than 5 working days
before the day on which an act is carried out.
Rosgeo contract is a binding agreement and maybe Eurasia can work around it with the exceptions. Who knows
Ant and Seb.
https://m.youtube.com/watch?v=YzwAsCW293A
Renaming to Kept amid conflict in Ukraine
Like all EU businesses in Russia that have rebranded. In May 2022, the KPMG division in Russia was renamed Kept. The decision was made against the background of the conflict in Ukraine and sanctions against Russia imposed by the United States and its satellite countries.
Just have a look at all the rebrands of the same products without the name but same operations.
Because they don't physically hold the share they are traders. Like a poster the other day on about investors not getting news updates and losing money getting cash calls. Your either invested properly or are trying your luck trading.
Well the feasibility study for MT was submitted in 2016 and got approved in April 2017. So I expect the same kind of process with the timescale of the DFS, Would expect a RNS stating that the DFS has been submitted for approval. Than we have a better option to sell the project or the company, find a suitable JV partner, or build the mine.
Oct 21 (Reuters) - The world's top automakers are planning to spend nearly $1.2 trillion through 2030 to develop and produce millions of electric vehicles, along with the batteries and raw materials to support that production, according to a Reuters analysis of public data and projections released by those companies.
Also it mentioned this in RNS.
Artem is a director of H4Enegy Joint Stock Company ("H4Energy"), which entered into an agreement with the Company on 30 December 2021 to assist Eurasia in finding joint venture partners ("JVs"), the ultimate aim of which JVs would be to secure off-take for Eurasia's metal production and associated financing, which could be used for the development of the Company's metal production and use of hydrogen in its operations.
Still waiting and holding, but how do we know that it's going to be a full asset sale because on one rns it stated Artem was brought on to speed up the asset sale process than after that it stated that Artem was brought on board to assist in finding joint venture partners with an aim of securing off take agreements of Eurasia metal production and financin. Hoping for a full asset sale, however there's other options being explored and as long as it benefits shareholders as stated I will be happy.
And with the new battery metals factory being built in vassa finland and the battery metals to be supplied by kola where eurasia have first mover advantage, with all that's happening over at murmansk with the new big copper facility, we are slap bang in the middle of it all and will be gobbled up when the work is done behind the scenes.
As the world’s supply chains look to meet rising demands, the mining industry finds itself increasingly in the spotlight, being challenged to quickly deliver the materials the world needs in a way that is acceptable to more and more stakeholders. In my view, transparency and high-quality engagement will be critical. For those who get it right, I believe the rewards will be significant!
Trevor Hart
Global Head of Mining
KPMG International