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Dumb punter -You poor old miserable fool market has digested your regurgitate news you have posted now 4 times and rallied 15 % , if that the best you can do suggest you try again you poor sorry excuse for a human being.
Theo - Thomas you are toxic to this board as a non holder with your innuendo downramping sentiment continued on a daily basis, as posted before to any new holders please read Theo posting history to understand his toxic and vile behaviour centred to PRE as it is all their in back and white for all to see.
Theo - Thomas your credibility is shot you are no longer relevant on this board other than background noise which you continue
To regurgitate for your own paid posts , you are a non holder and a downramper being paid to do so , Any new holder please read past post to see his modus operandi.
We advise, liaise, trade & invest
Our services:
GITI provide access to complex Asian markets
Asia sourcing & distribution of raw materials
Networking in principal locations in Asia
Essentials for strategic market entries
Distribution of niche products such as minor metals
Boutique investment in selected niches
Current projects
We work on rare earth, copper projects and magnesium-yttrium projects.
International major in metals
Supply chain building for production consumables: Support to a major interntraational manufacturer to build up LCC (low-cost country) sourcing from scratch
Shame Ft did not dig deeper as Ginger International Trade & Investment Pte., Ltd is Chinese trading house to facilitate western clients.
Very bitter Captain, why don’t you do what all good captains do and go down on your sinking ship with Theodora and Dumbo. Quite the crew :)
I do like your work Theodora you are very good at it, must pay credit to where credit is due. Not an easy job you have, but like I always say, there is a job for everyone
Dumbpunter - This morning DP has already posted 8 downramping posts on the PRE thread , is there nothing here for him to post were he owns stock , Really must say a lot for stock he owns.
A £145m factory near Hull which will make materials for magnets used in electric cars and wind turbines is to receive government support.
The plant, which will process rare earth materials at Saltend, will be the first in the UK and the second largest of its type outside China.
Owners Pensana said it would create 126 jobs and was expected to begin operations in 2023.
Financial aid is to come from the £850m Automotive Transformation Fund.
The announcement of support for the plant, which was granted planning permission in June, came as the government published its first Critical Minerals Strategy (CMS)
Business and Energy Secretary Kwasi Kwarteng said Britain needed to "move quickly to secure the rare earth minerals necessary to supply our future industries".
He said the UK needed to develop and strengthen its supply chains for these minerals to avoid being vulnerable to geopolitical threats.
"Our support for Pensana's new facility in Yorkshire shows we are already putting CMS aims into action to diversify our supply chains away from dominant market players."
https://www.bbc.com/news/uk-england-humber-62257960
It is a great privilege to have broken ground on the world’s first independent and sustainable rare earths separation plant. This is a huge milestone for both Pensana, the Humber region and the UK, as part of our ambition to establish a critical magnet metals supply chain to secure the green energy transition.
“Securing ATF funding is a key development, demonstrating the UK Government’s support for this important project in line with the newly launched Critical Minerals Strategy. Pensana is set to play a vital role in transforming the UK’s electric vehicle and offshore wind industries, by producing low-embedded carbon magnet metals and creating high value local jobs.”
Kwasi Kwarteng MP, Secretary of State at the Department of Business, Energy and Industrial Strategy, commented:
“Pensana breaking ground today has been made possible in part through government support and shows how our plans to secure an internationally competitive electric vehicle supply chain in the UK continues to gain momentum. This incredible facility will be the only of its kind in Europe and will help secure the resilience of Britain's supplies into the future.
“That’s why we’ve also launched the UK’s first Critical Mineral Strategy, setting out plans to develop robust supplies of minerals that are key to our economic success and national security. The strategy will bolster our resilience to market shocks and geopolitical events, while supplying key industries such as automotive and defence.”
https://www.londonstockexchange.com/news-article/PRE/pensana-breaks-ground-at-saltend-and-secures-atf-funding/15551834
Press release
UK’s first magnet refinery given huge financial boost as first ever strategy for supply of critical minerals published
Multi-million pound investment in the UK’s first-ever magnet materials refiner launches alongside Critical Minerals Strategy.
Government backed Pensana to build the second-largest magnet materials refiner outside of China, in East Yorkshire, creating jobs and boosting UK’s electric vehicle supply chain
new Critical Minerals Strategy sets out measures to improve the resilience of critical mineral supply chains
critical minerals – like those used in magnets – are essential to economic and national security and capitalising on growing industries
A multi-million pound investment in the UK’s first-ever magnet materials refiner was launched today (Friday 22 July 2022) – securing hundreds of jobs in East Yorkshire, and a strong foothold for Britain in the international market.
This comes as the government publishes the UK’s first ever ‘Critical Minerals Strategy’ to bolster the resilience of supply chains and seize on the economic opportunities of growing industries, such as electric vehicle manufacturing and offshore wind.
Speaking at the official opening of Pensana’s £145 million Saltend site today, Business Secretary Kwasi Kwarteng confirmed that the facility will be developed to process the critical minerals used in magnets, a key component for manufacturing electric vehicles (EVs). Pensana expects operations to begin at the end of 2023.
The facility is backed by the government’s Automotive Transformation Fund, an £850 million programme to electrify Britain’s automotive supply chain and protect our nation’s competitiveness in the global market. It will make the UK one of the only places in Europe to have the facility to refine the rare earth oxides used in the creation of magnets, and will also lead to the creation of 126 new and skilled jobs in the area.
https://www.gov.uk/government/news/uks-first-magnet-refinery-given-huge-financial-boost-as-first-ever-strategy-for-supply-of-critical-minerals-published
Pensana build begins as Business Secretary aims to ensure UK critical mineral supply for EV and wind markets
'Independent sovereign capability' sought as strategy launches alongside ground-breaking for Humber facility to supply materials to electric vehicle and offshore wind markets
Business Secretary Kwasi Kwarteng has launched the build out of a new £150 million complex chemical engineering plant on the Humber Bank, where 125 jobs will be created.
Breaking ground at Saltend for the Pensana rare earths processing facility - where precious metals will emerge from for use in electric vehicles and offshore wind farms - he put the project in the fast line by confirming funding as his foot pushed the ceremonial spade into the ground.
And with government backing, together with news earlier this week that its bonds were verified as green investments, company chairman Paul Atherley is “very confident” the capital will now come to complete.
Read more:Pensana plans for offshore wind to power magnet metals plant in Yorkshire Energy Park battery link
Mr Kwarteng, taking the opportunity to launch a first critical minerals strategy for the UK, said: “Supporting a company like Pensana, that refines critical minerals used in magnets for electric vehicles is really important. What Pensana does for electric vehicles is critical, and all the things we use in the modern world depend on this type of work.
“China has a lead on critical minerals, which it feeds into the supply chain for electric vehicles, mobile phones, things we use all the time - even fighter jets. We will provide a critical minerals strategy to make sure we can produce more of these here, so we can have resilience.
“It is all about reindustrialising, bringing skills and well-paid jobs to the Humber, and other areas, something we are very focused on. It is high-skill, high-wage employment and that’s really exciting.”
The sustainable standards will also be seized upon as brands themselves have to declare carbon ratings for products. Pensana is to be powered by offshore wind, and there are second phase plans to recycle turbines too, using hydrogen produced as part of the Zero Carbon Humber initiative with neighbouring Equinor.
https://www.business-live.co.uk/manufacturing/pensana-plant-build-begins-business-24555780
Dumbpunter - Give it up you fool Pensana has being certified with a light green classification by CICERO which is internationally recognised as a leading provider of independent reviews of green bonds. It is independent of the financial and corporate sectors and a multiple award winner of International Environmental Finance Assessment Awards, And your downramping is irrelevant and unsubstantiated and non holder Dumbpunting troll.
Theo - You and your mate Dumbpunter have now being seen to be on the same intellect , Glad you have now found a buddy to enjoy your time with out in the wilderness maybe more of bromance is now blossoming.
Good one Dumbpunter everything you have posted below is to lack of Data , When will you get it thru your thick head Pensana plans to establish the worlds first - Saltend as an independent and sustainable processing hub supplying the key magnet metal oxides to a market which is currently dominated by China.
However, due to lack of data ! From the Chinese.
Comparison of emissions data is challenging as production techniques and system boundaries vary, and also because access to good data is difficult. Pensana quantifies its scope 1 and 2 emissions to approx. 25 tonnes which are included in the
Bayan Obo figure. According to data in the Ecoinvent database, the global average for Nd oxide is 52 tonnes
CO2e/tonne Nd oxide. This number also includes scope 3 emissions from chemicals but is likely less accurate than the detailed study as the Ecoinvent database partly relies on generic data
CICERO Shades of Green (CICERO) is Norway’s foremost institute for interdisciplinary climate research, which is internationally recognised as a leading provider of independent reviews of green bonds. It is independent of the financial and corporate sectors and a multiple award winner of International Environmental Finance Assessment Awards.
CICERO has rated Pensana as in line with its principles, based on the Company’s plans to create a sustainable magnet metal supply chain through a rare earth processing facility at the Saltend Chemicals Park in the Humber Freeport and mining in Angola.
CICERO has also rated Pensana’s operations as LIGHT GREEN with a Governance score of GOOD. The rating refers to transition activities and projects that reduce emissions or provide other environmental benefits.
The CICERO certification supports our ambition to establish in the UK world-class production of the critical magnet metals vital to the Electric Vehicle and Offshore Wind industries.
Our aim is to produce ultra-low carbon magnet metal powered by private wire link to Offshore Wind at Saltend, supplied with high-value feedstock from Longonjo powered by hydroelectricity.
The CICERO assessment will be important for the proposed green bond issuance as it will broaden the range of institutional investors interested in the offering.”
Dump Punter- You really have no idea or comprehension of understanding , That would have to be the most embarrassing and pure idiotic post you have ever posted , Would suggest you do a bit more research as you are really lacking any form of intelligence posting such a childish swipe.
Theo - Will give you one thing you are persistent in your finale days , What are you going to do with your time , Maybe start writing fairy-tales to publish to children as they will be the only ones listening to you as your creditably with the grownups will be SHEAD to pieces.
Pensana is pleased to announce that it has received certification from CICERO, the leading independent provider
of assessments on green bond frameworks.
CICERO Shades of Green (CICERO) is Norway’s foremost institute for interdisciplinary climate research, which is
internationally recognised as a leading provider of independent reviews of green bonds. It is independent of the
financial and corporate sectors and a multiple award winner of International Environmental Finance Assessment
Awards.
CICERO has rated Pensana as in line with its principles, based on the Company’s plans to create a sustainable
magnet metal supply chain through a rare earth processing facility at the Saltend Chemicals Park in the Humber
Freeport and mining in Angola.
CICERO has also rated Pensana’s operations as LIGHT GREEN with a Governance score of GOOD. The rating refers
to transition activities and projects that reduce emissions or provide other environmental benefits.
So Theorist you think it would be a good idea to sell now and buy back in later when the price crashes like HZM?
65-70% recovery overall sounds good (mind the wording: if 65-70% was the average recovery rate across several processes, it would be lousy).