Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
stuck at 1.8 - no trades
suspended over there?
I am amazed no one thought of that before....
Or announce a conference to say "it's really hard - I don't know what to do - oh well..."
1pm sweden time
anyone think he's going to say "I've decided I would rather rely on Russian Iron Ore in this time of crisis and leave our stuff in the ground cos it might upset some reindeer?"
that woudl explain the 30% rise today - they said any decision will be announced after the market closes so will be interesting to see what he says/hints....
22% now :)
up 16% over there. Swedes finally figured out that the one lesson we have learned form Ukraine is keeping and using your own resources and not relying on others....
Oil prices rose on Thursday amid confusion over whether major producers would help to plug a gap in supplies from Russia.
The United Arab Emirates had appeared to push members of the Opec producer group to raise output, only for the UAE's energy minister to quash hopes.
The oil price rose more than 3%, after a 17% fall on Wednesday.
"To suggest the oil market is confused would be an understatement," said analyst Stephen Innes.
https://www.bbc.co.uk/news/business-60680787
interestingly Kaz is one of the biggest importers of Russian oil....more than China
https://www.bbc.co.uk/news/58888451
There's a couple of fairly significant things happening in March so watch out for Harry's report to the minister (and to us) in a few weeks;
o All field programmes recommenced for community consultations and new host land preparations, with regular independent security monitoring over the ensuing months.
o Remaining few Ethiopia regulatory administrative tasks completed, such as endorsement of historical costs, working rules for the London clearing account to avoid restrictions of capital controls and clearance for both banks to lend on same terms.
o Updated term sheet for offtake-linked mezzanine facility now involving senior lenders as well the metals trader.
Ultimately, May looks like the big one;
Drafting of the remaining detailed documents, flowing from the regulatory approvals, mezzanine term sheets and Project contractor pricing updates in March and April.
o Insurance package and pricing confirmations.
o Independent security review and decision as to when to sign final documents.
o Signing of binding documents by all
from BBC
Now the taboo of taboos, known as energy security, looks like it may be smashed too. Russian violence against Ukraine is heaping pressure on the EU to impose energy sanctions. The bloc depends on Russia for 40% of its natural gas and a quarter of its oil imports.
What’s the point of all the EU’s financial sanctions, if Vladimir Putin’s war chest is filled on a daily basis with oil and gas revenues, you might ask?
So here we are: the US and Ukraine’s indefatigable President Zelensky are leaning on Brussels to slap sanctions on oil imports at least.
Eastern EU countries, like the Baltics, strongly agree. They feel particularly exposed by the Russian threat.
But other EU members, like big hitters Germany and Italy, feel more threatened by spiralling energy prices.
Emmanuel Macron of France is about to stand for re-election as president. He too is wary of making what could be unpopular moves amongst drivers and people needing to heat their homes.
So, for today, the EU has avoided talk of energy sanctions. Instead, it’s repeated plans to move as fast as possible from energy reliance on Russia: finding alternative suppliers and working on renewable energies.
But turning that wish into reality will take time - something Ukraine does not have.
do you reckon that'll happen? USA gets 3% of oil from Russia so are all up for it - but EU gets 30% - massive implications for them -can't see them doing it. Still, would be nice to send it via somewhere else to stop it affecting our SP!