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Invinity will host a presentation for shareholders on Thursday 9th April at 4pm UK time.

Mantashe says supplies to state-owned energy provider Eskom must continue, but the production of gold, chrome, manganese, iron ore and other sectors “will operate at scaled down levels, to allow smelters which cannot be switched on and off abruptly, to remain operational”.
Applications to continue operating at a reduced level have already been received by several mining operators, he says.
“While we understand the negative impact that the virus will have on the mining and energy sectors, we must appreciate that this is not the time to put profits at the expense of the health and safety of the people. Zero harm remains a priority, even more so during this time,” minister Mantashe adds.

South African ports reopen but lockdown confusion hits mining sector
Africa / 08-04-20 / by John Basquill
0

1 hour ago
South African authorities have reversed plans to close the country’s ports for all but essential cargo after concerns were raised over the potential damage to trade flows, as the mining industry continues to grapple the effects of Covid-19.
A three-week lockdown has been in place in South Africa since midnight of March 26, imposing restrictions on all but essential movement of both goods and people. The same day, Reuters reported that national port operator Transnet had circulated a note explaining that all terminals for mineral and mining commodities would be closed as a result.
The following day the situation seemed to have shifted, however, with a public statement by Transnet suggesting bulk terminals and staff would operate “as per demand from mining customers”.
Transport minister Fikile Mbalula told reporters that evening that concerns had been raised about the extent of the government’s restrictions on ports and promised that all types of cargo would still be allowed passage.
It was not until April 2 that the situation was clarified by law. Changes to South Africa’s Disaster Management Act confirmed that lockdown rules would not apply to “transportation of cargo from ports of entry to their intended destination, on condition that necessary precautions have been taken to sanitise and disinfect such cargo”.
“All borders of the republic are closed during the period of lockdown, except for ports of entry designated by the responsible cabinet member for the transportation of fuel, cargo and goods during the period of lockdown,” the amended bill adds.
Transnet confirmed to GTR the following day it would “adjust a number of operations” now that transportation and handling of cargo is no longer prohibited. A spokesperson says the goods not listed as essential by the government are nevertheless “critical to the health of the national economy and its revitalisation post the crisis”.
“In this exercise, the company will carry out its mandate within the regulations set out by government, in order to minimise the spread of the Covid-19 virus, and national imperative to ‘flatten the curve’,” they add.
Transnet says it is now prioritising the complex logistics system for containers around the port of Durban – Sub-Saharan Africa’s largest port – as well as

The London stock exchange site is accurate with closing prices and the trades run about 20 mins behind the live prices ,and keeps a running total of the size of trades. and total traded.

the price is as ive posted below.

HL site is correct 13 to sell 13.4 to buy up nearly 40%

17:45:06 07-Apr-2020
9.30
GBX
105,112
9,774.36
Off-book
TNCP
XOFF

from my post yesterday COAL and iron ore exports will recommence through Richards Bay following amendments to the Disaster Management Regulations, said Transnet.
The state-owned logistics company would also re-start the handling of other non-essential goods including containerised goods through the port of Durban.
This amendments were approved by the Department of Co-operative Governance and Traditional Affairs on April 2, said Transnet in a statement.

“In addition to the list of goods and services that were declared as essential, there have been revisions and exemptions created by Government for certain goods and services, which are critical to the health of the national economy and its revitalisation post the crisis,” the company said. wonder if we might come under this revision .

In Pdub,s post quotes Mikhail saying extremely attractive , actually said extremely active,not been smart,but slightly different.

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Home Top Story SA’s Transnet to resume coal, iron ore exports following amendment to disaster...

SA’s Transnet to resume coal, iron ore exports following amendment to disaster regulations
By David McKay -
April 3, 2020


Richards Bay Coal Terminal

COAL and iron ore exports will recommence through Richards Bay following amendments to the Disaster Management Regulations, said Transnet.
The state-owned logistics company would also re-start the handling of other non-essential goods including containerised goods through the port of Durban.
This amendments were approved by the Department of Co-operative Governance and Traditional Affairs on April 2, said Transnet in a statement.

“In addition to the list of goods and services that were declared as essential, there have been revisions and exemptions created by Government for certain goods and services, which are critical to the health of the national economy and its revitalisation post the crisis,” the company said.
“As a result, thereof, it has now been formally declared that transportation (including handling) of all cargo from ports of entry to their intended destination is no longer prohibited,” it said. This means that Transnet will adjust a number of operations subject to approval by various Departments including the Department of Mineral Resources and Energy.
Operations that would be allowed to start up include the heavy haul rail and ports export system from the Northern Cape to the Port of Saldanha; and domestic and export coal and other general freight business cargo through the Port of Richards Bay.
“Transnet’s plea during these uncharted times is that customers take all necessary measures to protect Transnet staff when interfacing with customer’s operations,” it said.
African Rainbow Minerals said on Thursday it would export iron ore at 40% of normal capacity supplied from stockpiles during the Government-ordered 21-day lockdown aimed at reducing the spread of the deadly COVID-19 virus.
The group said in an update that whilst its iron ore and manganese, platinum group metal, and nickel mines had been placed on care and maintenance, the exportation of iron ore was now permitted.
As a result, its iron ore and manganese subsidiary, Assmang, had received authorisation to operate its load-out stations at Khumani and Beeshoek mines “… in order to continue loading iron ore from the mines’ respective stockpiles”, it said.
Transnet, the state-owned freight and logistics company, had “… reactivated the rail and port export system” from the Northern Cape province to Saldanha in the Western Cape. This would support about 40% of normalised iron ore volumes for the week starting March 30, said ARM.
“Transnet plans to ramp up volumes for the remainder of the lockdown period depending on availability of rail and port services,” ARM said. “The iron ore operations have sufficient inventory to load for the remainder of the

38,000 actually .

arrived in US (april 3rd ),total just short of 40,000,average price 28.5.

cheers was next to a link to video,should probably have explained .

Worth a listen. Good to see
@edfenergy
learning about #VRFB and some of the pipeline in the UK and US. Of course there is a strong pipeline for
@InvinityEnergy
in Australia too through the work we are doing to grow the market.

BBN

@BigBiteNow
ZAR
from BBN twitter

I said it a few weeks back, ZAR 20 looks on the cards this year. That would potentially reduced #BMN S.A. costs by upto 25%. 19.03 around 5 mins ago.

forgetting april 1534.

versus dollar 2019 average 14.44 2020 up till yesterday 15.96 .

my take exactly if this had gone up to 60p I would have about 40% less, as long as it comes good eventually I,ll be happy,just hope my nerve holds in the meantime, managed 3 very small top ups in last fortnight,but could be last for a while.

looking at the posts lately,looks like just the diehards that are left ,very small holder,but every spare penny that ive earned in the last 18 months as gone into this,must have watched the crux interview 40 times (no exaggeration) and fortune using words like incredible to describe some situations is what keeps me sane, this is the first share ive bought since dabbling about 20 years ago, and the losses im sat on percentage wise give me little leeway to do anything but sit and wait ,but I honestly believe the story and if I didn't would have put my head in the oven months ago, hope everyones well and don't forget to give the brilliant NHS a clap later.

thanks nick enjoy.