Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
Courtesy of Old rascal
https://uk.angloamerican.com/~/media/Files/A/Anglo-American-Group-v5/UK/liaison/30-january-2024-presentation.pdf
Seeing 2022, I’m assuming your post is referring to my earlier comment despite the change of heading. Yes I have read the report.
I have always believed that see will do extremely well, and obviously none of us would complain if progress were a tad swifter. My comment refers to this quotation “Companies like Eyegaze, and Seeing Machines are focusing on developing compact, wearable eye tracking devices.” That’s simply not true since see doesn’t focus on wearable tracking devices. An analyst wouldn’t make a mistake of this magnitude which leads me to suspect it’s AI generated.
This is not an article written by anyone that has done any research, wearable eye tracking is a completely different technology than ours due to the shape and proximity of the eye, therefore not seeing machines. To make such a schoolboy error is a red flag for anything else it says.
The only guide/ guesstimate that I have seen for poly4 was £150 per tonne however this was in the run up to AAL purchasing the mine. Since then the cost of fertiliser has increased significantly due to world events, but also the results of crop trials continue to indicate that poly4 will be even more desirable and therefore more valuable. Guidance from the board would be appreciated.
Dinoken, I don’t agree that the city doesn’t support Woodsmith, but it’s fair to say that the 2027 start date hasn’t been priced in yet.
For me the two areas of concern are finances prior to 2027, and the potential impact of port dredging on our preferred ship design. It would be nice to have confirmation that the crab and lobster issues will not affect AAL.
A scalable 13mtpa production rate in a highly efficient mine is certainly compelling. The premium value of this sought after fertiliser which requires minimal processing and fulfilling a global market for 50 plus years will not go unnoticed.
Woodsmith project
Throughout 2023, we saw continued good progress on the core infrastructure, with capital expenditure of $641 million (2022: $522 million). Sinking activities at the two deep shafts continue to progress well. The service shaft is now c.745 metres deep, having reached the expected depth for the year. Sinking activities on the production shaft began in January 2023 as planned, at 120 metres below the surface, and following a successful ramp-up to planned sinking rates, is now at a depth of c.510 metres.
Excavation of the three shallow shafts that will provide both ventilation and additional access to the Mineral Transport System (MTS) tunnel is complete. The MTS tunnel is also progressing to plan and has now reached c.27.5 km of the total 37 km length.
During 2024, a key focus area for shaft sinking will be on progress through a strata called the Sherwood sandstone, where we expect sink rates to decrease due to the expected hardness of the rock and potential water fissures. This is planned for in progress rates, and the intersection of the strata is expected around mid-2024. On the tunnel boring machine, there is a planned 3-4 month maintenance pause from the second quarter of 2024, during which the tunnel will be connected to the final intermediate shaft, providing further tunnel access and ventilation.
In parallel to the core infrastructure development, we are enhancing the project's configuration to allow a higher production capacity and more efficient, scalable mining methods over time. The required studies for this are progressing well and will ensure that additional infrastructure is optimally designed to enable future optionality and maximise long term value over the expected multi-decade asset life.
The project is planned to be submitted for a Board approval decision on Full Notice to Proceed in the first half of 2025, following conclusion of the study programme.
Capital expenditure of $0.9 billion is approved for 2024, the bulk of which will continue to be invested on shaft sinking and tunnel boring activities.
The project is expected to deliver first product to market in 2027, with a final design capacity of 13 Mtpa, subject to studies and approval.
Gary59, I wasn’t going to reply as I’m massively more researched in car technology, but since nobody else has commented, I thought that I would post what tempted me to diversify albeit currently only a little into Anglo.
https://im-mining.com/2023/11/17/anglo-american-woodsmith-projects-final-few-years-to-production/
Majorem, what you didn’t add was that most people recognised the trolling for what it was a long time ago and just get green boxes, which makes it even more pathetic. There’s 11 in my filter list, but in reality it’s most likely to be the same person who simply starts again whenever they wish. It’s also highly likely that several of the regular whiners here are actually the same person. This is why Telegram has been and remains so much easier to handle.
Welcome to any newbies here following on from the Times article, if anyone wants to do any research, there’s a telegram group that you can ask to join. There are many pinned articles and interviews at the top of the telegram page that are hugely informative.
Horzabora I’m not claiming to be an expert in such matters, but this is my understanding.
The moving forward act has been passed in the US in order that in broad terms the safety benefits from the general safety regulations of the EU are similarly regulated throughout the United States, but with the addition of passive testing for drink and drugs. The date of 2027 has been set for the finer details to have been decided.
In terms of DMS the hugely successful super cruise and blue cruise technologies are already providing the tailwinds that are driving forward the adoption ahead of regulations.
The market has closed, which means that we now have winners two winners for the end of year/ Christmas competition. Congratulations to Hyperion ( closing sp ) and Ma (highest spike)
This is the second time that Hyperion has won first prize… a fantastic achievement! I await private messages in order to forward prizes.
DreamMachine, In response to your query, an OEM commits initially to a limited number of models for a limited amount of time. It’s generally expected for this to be extended to more models over a longer duration which typically means 5-7 years. See provide the value of the initial contract whilst others choose to quote their estimate of entire lifetime value. You can argue about which is better from a number of different perspectives but multiplying see by 2-3 and being quite cautious about entire lifetime estimates is an entirely reasonable starting point.
Hi AM,
Most people left here because of all of the deliberate trolling, there’s now a thriving community of nearly 300 on Telegram which you can ask to join. At the top of the page you will find a selection of pinned messages such as interviews which will assist researching should you require.
Sully, Thanks but I’m not looking to buy anytime soon… but I am concerned about anything that might hamper sales of vehicles that have our technology. The idea that tariffs might reduce VW and BMW sales does nothing to brighten my day.
LONDON — The European Commission proposed a three-year delay to new Brexit tariffs on electric vehicles and unveiled a package of support for the EU battery industry.
The plan — which was pushed for by London and European carmakers — is expected to be approved by EU member state ambassadors in a meeting next week.
Without the change, 10 percent tariffs are due to hit EVs traded across the English Channel from January 1 2024 when existing grace periods in the post-Brexit Trade and Cooperation Agreement (TCA) expire.
https://www.politico.eu/article/eu-proposes-to-delay-brexit-tariffs-on-electric-vehicles-by-three-years/#:~:text=Without%20the%20change%2C%2010%20percent,Cooperation%20Agreement%20(TCA)%20expire.