The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
Https://www.ft.com/content/1c72ff84-326a-4284-b055-3da808adaf07
Hi,
https://ig.ft.com/rare-earths/
https://www.ft.com/content/02d6f35d-e646-40f7-894c-ffcc6acd9b25?sharetype=blocked
I think you know, what it means.
Https://www.ft.com/content/0d2fba79-940f-4a28-8f4f-68f1e755200f
Https://www.ft.com/content/fd367bd6-a73a-4d80-b0d0-32837724bd0a
Https://www.ft.com/content/864f3680-1fe8-40fc-b91c-855e4611b03b
Https://www.ft.com/content/394dca37-ac50-4380-9b03-4fdfcef2ff7c
Extracts from https://www.lse.co.uk/rns/BMN/q3-2022-and-9m-2022-operational-update-l8zoqdrp6pnug92.html
Vanchem
Production
...
Q3 2022 production of 350 mtV (Q2 2022: 191 mtV). Higher production volumes, supported by improved performance of Kiln 3, with production of 61 mtV in July, 151 mtV in August and 138 mtV in September.
- Kiln 3 performance would have been even better if it had not been for electricity load shedding, with September experiencing the highest frequency and severity of load shedding.
...
ESKOM ELECTRICITY LOAD SHEDDING
The South African energy crisis deepened during Q3 2022. As Eskom, South Africa's national utility, was forced to implement several load shedding measures during Q3 2022, the power utility imposed up to stage 6 which resulted in 6000 MW of demand being curtailed across South Africa. During this period, Vametco's operational performance was not affected by these periods of load curtailment and there is no impact on the plant's production performance.
Unlike Vametco, Vanchem purchases its power through its local electricity distributor, the Emalahleni municipality. The municipality imposes periods of total power loss (and not curtailment) during load shedding, resulting in almost total shutdown of the plant, thereby impacting Vanchem's operational performance. The plant has generators to power the kiln but not the rest of the plant. The use of generators comes at a significant cost implication due to the current cost of diesel. Vanchem has been actively engaging with the local municipality to implement a load curtailment solution. A bilateral technical team from Vanchem and the municipality is preparing for necessary technical hardware to migrate to the curtailment regime that would signal a marked production improvement for Vanchem. Further to this and in collaboration with the Bushveld Energy team, we are developing battery storage and renewable energy import options to supplement the power requirements of Vanchem.
https://www.moroccoworldnews.com/NaN/NaN/352183/moroccos-trade-deficit-soars-to-50-billion-by-end-of-september
"The rising trade deficit is largely triggered by the rising cost of Morocco’s energy and grain imports, as the country currently imports almost 90% of its energy needs." come on Chariot
https://www.ft.com/content/98be4e44-59c2-4818-9779-2ad962d9159b
Who knows what it means for Chariot?
https://www.ft.com/content/159dcb0e-c24a-405f-bc13-1c674b8449b6