Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
The article has hi-lighted some concerns.
The key issues are the lost of cattle and bee honey businesses.
The cattle business is receiving subsides of £1.5M Euros. They are concerned that they will lose 30% of the subsidies if the mine goes ahead.
The bee keepers produced 5,000 kilos last year. so far this year 700.
One farmer has 25 crossed bred cows for meat production.
Apparently there have been 62 submissions relating to the mine. There is no information about the contents so it is guess work as to how many are not or are in favour of the mining.
Portugal has a decline in population. Additional the farming population is declining. The ageing population is having a detrimental affect on the number of farmers.
I have immense sympathy for the local population but given the above, questions need to be answered regarding the future stability of farming.
There is also the reliance on subsidies that are currently keeping the farmers head above the water line. How long before theses subsides are are moved..
Ask your self does the current situation look likely to be stable in the future, would you be prepared to buy shares in these business if they were available.
Simply my concerns having read the article.
Not much in the way of agreement there.
I am reminded of the number of times the we have seen objections raised to the development or otherwise of projects.
- Remember the guy who lived up a tree
- The recent issues with fracking ( ok they were helped by minor death quakes).
- HS2, still ongoing and now there are members of parliament questioning the value of the project. A lot affected by this one.
I could go on but i think the message is clear.
Sometimes it is best to not read the papers or "professional' journals". There are only two sides to this story and they to fight it out and all we can do is take a personal decision on should I stay or should I go. ( not a bad song that one).
Excellent read GW. Thanks.
Maybe you could send a copy to the the Portuguese government as a reminder of their commitment. LOL
Nice response IB.
When i first visited Wythenshawe I was was a young child. Halcyon days of little traffic and plenty of opportunities to play.
The airport had one major runway, the area was surrounded by fields of agriculture. It was possible to walk very close to the airport and help oneself to a handful of rhubarb to chew on the way back home; the farmer simply looked up and smiled after all how much of the stuff could a small child eat. No mention of police intervention or "do that again and i will tell your mother".
Moving swiftly on, the airport has grown to international proportions, yes the field of rhubarb have gone, a second runway is very busy despite the enormous protests not to build it. The result is there are now thousands of people employed, vast sums of money being put into Manchester Corporation coffers, as they own a percentage of the assets.
Yes it is noisy and air polluting but this is improving as science moves on and residents are still pressing for further changes to reduce the noise and level of pollution. A difficult issue as the expanding airport is still attracting new business leading to the loss of more green belts and as the new business expands it brings more cars and more pollution. I have been active in campaigning for less car pollution and more attention to be made to the building regulations. We have had some success and are hopeful that the emergence of electric vehicles will greatly improve the pollution.
What do need to achieve this? ...... LITHIUM.
NIMBY is a wonderful concept but where there is a will there is a way.
I find this to be a very interesting debate and I hope you will forgive an old mans ramblings. You may recall i have posted some of this this before.
Living near a major airport, this past year or so has been heaven, low noise levels and more importantly heavily reduced air pollution.
I am very supportive of the need to clean up our act regarding atmospheric pollution, i am cognicent also of the need to create employment. Thus, sacrifices have to be made. Additionally, it is so easy to condemn an industry with a view to curtailing it's activity.
Surely the best way forward is to look for supportive solutions. Portugal are in a position to do precisely that with the value Lithium will bring. As I understand it, this project will have a realatively short time span.
There are opportunities to show a forward thinking plan for the future and also to possibily show examples of where post clean up operations have taken place.
Yes there will be sacrifices but as the saying goes; life moves on. Perhaps those in charge of this issue need support or guidance on how to present the upside of this venture to the population. This would help to sell the Lithium mining concept to those who feel they will be disadvantaged by the mining process.
As i walk around the UK, I come across some wonderful parklands and I am amazed to find that many of them are old coal mining areas, that have been cleaned up and put to good use.
Where this is a will their is way.
If the Portuguese are so concerned about their environment, then why are they not concerned about this"Each Portuguese generates 1.4 kg of garbage per day above the EU average. I The article goes on to say that landfill areas equivalent to 10 football fields per year will be needed for the waste."
Perhaps this is a golden opportunity for SAV, they can build the mine and the then fill the hole with the waste! Problem solved.
Just a little lighthearted moment to tease JL. so please forgive me.
In 1931, Tesla claimed he had mastered retrieving electricity from the air. He claimed this would allow for free or at least low cost energy.
2021. Still has not happened. I may be little shady of the reasons way but i am sure the concept was hijacked by big business and those with an interest in the then current energy process. Thus, the funding to take this further was not available to him.
My question is: what has changed.
Excellent article, thanks for the post.
Everything is falling into shape. In many ways this project has some similar issues as our HS 2. A lot of controversy leading to a reasonable number of ney sayers; resulting in the project going ahead.
A good post IB.
I am not sure what to make of this, it gives me a feeling that matters are further from agreement to mine, that i had assumed from the recent correspondence.
Wow what a read! Who ever they are, they seem intent on camapigning against anything they ether do not understand or are do not want to happen. Clearly, little idea on how antivirals work and probably even less about physiology. As for the reminder of the "information" its seems they want to bring the rest the world into their camp.
I am very patient with people who wish to campaign and will often support them but this group seem lost in a fog. I suspect they will be given some air space and they may not be take too seriously. Of course should this be the case, i feel we i can go back to looking forward to the summer .
I thought i had settled down for the summer. However, any hint of malfeasance sends a chill down my spine. If there is a case to answer, it could take this project into stalemate until there is clarity, or worse, a case to answer which will put everything on hold for goodness knows how long. Or am i being a little pessimistic?
I think one lesson he should learn quickly is that he is the worlds worst salesman. he needs to hand over press interviews and on line verbal postings.
Nav.
I sort of understand where you are coming from. However, DA has a good track record with his Australian mining activity. Also I think a key recommendation is that from the Portuguese, praising DA for the professionalism he has brought to the project. These two factors alone are, for me, justification that he really does know what he is doing. Time will tell, fingers crossed.
I notice my purchase is showing as a sale?
Maybe it is time to sit back and reflect:
1. EU are happy to provide funding.
2. Well argued that Li is the new gold rush.
3. Local government have stated their support for this project.
4.Portugal are in debt and need this project to help the country recover.
5. General global support for the reduction of carbon use.
6. This project swell advanced and good news reports about SAV from various sources.
Given the amount of support for this project from key players. Is it not time to sit back and enjoy the summer. I have topped up again today, as I remain convinced that this is one of those lifetime moments. Or is this just an old mans fantasy?
Excellent review ATD. I may be being nieve, but i am sure the SP will rise once the EIA has been confirmed and notice given that matters have settled down and there will not be months or years of challenges. I read some interesting papers yesterday regarding Portugal and their population ratios. Their population is heading downward ( but so are many other countries). Of particular interest is the farming community is showing a steep reduction in activity compounded by the age group of the farmers which is showing an ageing workforce. There is a lot of information, if you are interested in looking for something to help you sleep. have a lot at the European Commission Statistical Factsheet Portugal.
I agree ATD.
I am 71 years old and have seen a lot of change n my lifetime. Mills close and demolished, residents moved to areas mails away from their work place ( my mother being one of them ). Life changes and brings both good and bad. I feel modern day society is vary much a me me style. I agree with you that some sympathy is not out of place. Given the right amount of support the farmers could be moved to an area which will allow them to continue there cart albeit away them where would like to stay.
I would to the critics , be thankful you have the money to allow you to invest, I am sure the farmers are not to well off.
You will have received the email from SAV and seen the posted RNS. Everyone feeling warm and comfy now?
Have look at the interview Katie Philbin did with David Archer, it is on Twitter.