focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
Coalculus price today is $ 0.002700 with a 24-hour trading volume of $ 153,107, market cap of , and market dominance of . The COAL price increased 35.50% in the last 24 hours.
Coalculus reached its highest price on May 10, 2021 when it was trading at its all-time high of $ 0.018894, while Coalculus's lowest price was recorded on Mar 13, 2020 when it was trading at its all-time low of $ 0.001023. The lowest price since it's ATH was $ 0.001514 (cycle low). The highest COAL price since the last cycle low was $ 0.003215 (cycle high). The Coalculus price prediction sentiment is currently bullish, while Fear & Greed Index is showing 66 (Greed).
Massive potential.
https://theenergyst.com/fischer-and-chips-pure-fuel-firm-velocys-powers-worlds-first-commercial-flight-with-gasified-wood/
Global annual SAF demand set to increase from 4bn litres in 2025 to 166bn in 2050.
GLA.
Https://velocys.com/who-we-work-for/
Henrik Wareborn, Chief Executive Officer
"We have the here-and-now technology to enable SAF production close to sustainable feedstock sources to decarbonise the aviation industry at scale."
Velocys was featured in The Daily Telegraph in an article about the future of sustainable aviation fuel: “How the biggest ever jet engine built by Rolls-Royce is paving the way for an era of low-cost green flying”.
The article explored Rolls Royce’s new UltraFan engine and its potential to narrow the cost of sustainable aviation fuel. The article shows that SAF, which requires minimal modification to existing jet engines and significantly reduces lifecycle carbon emissions, is the best answer to long haul air travel.
Velocys CEO Henrik Wareborn is quoted at length, explaining that whilst that SAF is more expensive than fossil jet fuel today, higher tax on fossil fuels and low tax on green fuels will change this: “You need to ask yourself what price should those burning fossil fuels that release a huge amount of CO2 into the atmosphere pay?”
SAF is becoming increasingly attractive to the airline industry as favourable policy-making in the US (Inflation Reduction Act of 2022) and EU (new EU deal on carbon border tax) incentivises SAF over polluting fossil fuels.
I am not sure whether RR are working with VLS?
GLA
Nibj; I agree with you that Zioc is up for sale. Indeed, WOW ,massive sell of buys?
OMG
07-Nov-23 14:16:29 6.50 970,360 Unknown* 6.58 7.48 63.07k O
07-Nov-23 14:16:26 6.50 447,858 Unknown* 6.58 7.48 29.11k O
07-Nov-23 14:16:21 6.50 5,150,344 Unknown* 6.58 7.48 334.77k O
5 mill plus ???? 334,77 k value. Is this why the share price dumped? Exit strategy anyone? If it fits and feels good take it? I am resigned not to trade this, although often tempted to do so. IMHO perhaps most here are happy if there is a T/O
OMHO: Investor presentation, pdf, is for sale /auction brochure. Let the bidding begin, 1.56 anyone?
Key Facts
World class asset
2.1Bt Ore Reserve
6.9Bt Mineral Resource
High quality product, 68% Fe content
Forecast lowest quartile operating costs
Https://www.zanagairon.com/wp-content/uploads/2023/11/Zanaga-Investor-Presentation-1-Nov-2023-1.pdf
Where and when?
I wonder if Elphick is going to sell Zioc or take it production. He is doing okay with Gem, therefore, does he need the migraine of Zioc production?
He earned 1 mil last year via Gem Diamonds. It seems he is happy not to enumerate via Zanaga. Still holds some position with Anglo American SA. Is AA SA going to buy or is the strategic Partner? DYOR.
Chinese EPC Partner : I wonder if EPC is DD on behalf of a potential buyer?
Https://www.mining.com/web/the-worlds-iron-ore-powerhouse-is-preparing-to-reinvent-itself/
Watch FXPO AS A POTENTIAL buyer..based in Suisse.
Excerpts:But Australia’s typical iron ore has a grade of between 56% and 62%, making it largely unsuitable for DRI production — or only with additional processing that could add as much as 25% to costs, according to Wood Mackenzie Ltd.
“The premium for higher grade material is going to increase significantly,” said David Cataford, chief executive officer of Champion Iron Ltd., a competitor to Australian producers which supplies higher-grade iron ore from Canada. “If you’re producing lower grade, we do feel it’s going to be more complicated in the medium-term.”
“There’s an obvious shortage if demand ramps up during the course of decarbonization,” said Liu Yinghao, technical director at the low carbon metallurgy innovation center of China Baowu Steel Group Corp., one of the world’s top steelmakers.
Nov 1 (Reuters) – Nickel miner Independence Group NL said on Friday it will stop work on developing a downstream nickel sulphate facility after winning improved terms in two recent offtake agreements for concentrate from its Nova mine.
"The commercial terms agreed are materially better than those they replace and reflect the growing global demand for nickel as a key raw material into the clean energy market," Independence said in a statement.
Given the improved terms, the value of the downstream project offered less return and it would no longer proceed with a detailed feasibility study for the facility, the miner said.
Independence said it had signed fresh offtake agreements with Trafigura Pte. Ltd and a unit of global miner BHP Group .
The miner has existing agreements with both buyers which are set to expire. A third contract with a unit of Glencore is set to expire by the year's end.
(Reporting by Rashmi Ashok in Bengaluru; editing by Richard Pullin) ((Rashmi.Ashok@thomsonreuters.com; +918067491689;)
© Thomson Reuters Limited. Click for restrictions
https://twitter.com/Matthew_hopton/status/1149148478515421184
BRAZZAVILLE, April 19 (Reuters) – Congo Republic shipped its first iron ore exports on Friday ahead of an expected boom in production from mines owned by Congolese billionaire Paul Obambi's Sapro SA and Swiss commodities giant Glencore .
Sapro mined the oil-dependent Central African country's first iron ore in 2017 from its Mayoko project in the southwest and plans to reach output of 12 million tonnes per year by 2022.
Glencore's joint venture with British Virgin Islands-incorporated Zanaga Iron Ore Co plans to ship 2 million tonnes of iron ore per year over the next two years, and 30 million tonnes by 2024.
Sapro, the Congolese government and British shipping company Ashley Global are also spending a combined $550 million on rehabilitation to Pointe Noire's deep-water port, the Mayoko mine and an old railway track connecting the two.
At a ceremony on Friday in Pointe Noire attended by the mines minister, a ship loaded with 23,000 tonnes of ore set sail for China, where it will be processed for a European buyer.
"We are heading towards more than a century of production," said Obambi.
Iron ore prices are near their highest in two years, spurred by growing demand from China and the collapse in January of a dam operated by Brazil's Vale , which has cut into global output.
Congo's economy has been hit hard in recent years by low crude prices, which led its debt to balloon. It is currently negotiating with the International Monetary Fund to try to secure a bailout.
Brazilian miner Vale SA , the world's top nickel producer, plans to invest $500 million in its struggling New Caledonia nickel mine on its own after previously vowing to find a partner for the venture.
Vale's decision to invest in the project alone, from 2019 to 2022, reflects the company's new understanding of the importance of an expected surge in electric vehicle (EV) sales, Chief Executive Fabio Schvartsman said on Tuesday.
"The decision to continue on our own was made because (New Caledonia) could be a very important part of strategy to supply nickel especially given the EV revolution," he told journalists after Vale's investor day presentation in New York. "We thought initially that we could have a partner but it was in a moment when we had no clarity on the incoming EV revolution." Nickel , a key input for most types of lithium-ion batteries, including those used in electric cars, hit multi-month lows last week as demand worries escalated on Chinese steel price weakness and U.S.-Sino trade tensions.
Over-budget and years late when it started up in 2010, the New Caledonia project, located on a Pacific island, accumulated nearly $1.3 billion in losses from 2014 to 2016. The operation's woes stand in contrast to Vale's main iron ore business, which has been churning out cash in recent quarters thanks to improving prices and robust demand from China.
Vale on Tuesday lowered 2019 output forecasts for nickel, also used to make stainless steel, to 244,000 tonnes of nickel next year, below the 263,000 tonnes it had forecast a year ago.
Away from New Caledonia, Vale said it had reached a deal with global trader and miner Glencore to jointly explore Vale's Victor mine for copper and nickel and Glencore's Nickel Rim South mines, both based in Canada, citing reduced costs and capital expenses thanks to the venture.
The Brazilian miner maintained its outlook for iron ore production at 390 million tonnes for this year and 400 million tonnes for 2019 and 2020.
Schvartsman, whose two-year term is up in May, reiterated his interest in staying on and said discussions were ongoing about his future role, including the possibility to renew his contract.
"We are going to come to an agreement. I couldn't have more fun than I have running this company," Schvartsman said.
Vale said it spent $360 million on expenses related to the cleanup of the deadly collapse of the Samarco tailings dam it owns jointly with BHP Group Ltd but executives declined to comment on the state of talks with the venture's bondholders.
But a source with knowledge of the matter said the two companies had begun talks with Samarco bondholders two weeks ago. Vale expects to resume operations in 2020, so now Samarco can predict its cash flow to make a proposal to bondholders, the source added, asking for anonymity because they are not authorized to discuss the matter publicly.
Brazilian financial daily Valor reported separately that Schvartsman also said the comp
VALE TO INVEST 500MILL IN NEW CALEDONIAN. Pity its not in Amur
By Amedee Mwarabu
KOLWEZI, Democratic Republic of Congo, Sept 15 (Reuters) – T he prime minister of Democratic Republic of Congo will sign a decree in the coming days to designate cobalt and other minerals as "strategic" and therefore subject to higher royalties, Mines Minister Martin Kabwelulu said on Saturday.
The change is part of a new mining code, which mining companies including Glencore and Randgold oppose as it axes tax exemptions and hikes royalties and profit taxes. They have been holding out the hope it might be watered down in further negotiations.
The government has not yet formally announced which metals will be classed as strategic in the new code and subject to royalties of 10 percent. Before the code was introduced, companies paid a rate of 2 percent for cobalt.
Addressing a mining conference in the copper and cobalt-mining city of Kolwezi, Kabwelulu said: "in the coming days, you will see the prime minister sign a decree to declare cobalt and certain other substances as strategic." Miners of cobalt would have paid a royalty of 3.5 percent under the new code if its designation had stayed the same.
The government considers minerals with the "strategic" designation important for the economic, social and industrial future of the country.
The new code came into effect in June. Companies say its tax hikes and cancelling of 10-year exemptions for existing projects against changes to the previous fiscal and customs regimes breach previous agreements with the government and will deter further investment.
Kabwelulu said all companies were paying the royalties and taxes as stipulated by the new code, despite Randgold saying in August it was still negotiating with the government. [nL5N1V06J0 "I know that Randgold made a statement, but it's not true," he said.
Congo is Africa's top copper producer and the world's leading miner of cobalt, a mineral which has seen a surge in demand to the manufacture of electric car batteries and mobile phones.
Other major mining companies with investments in Congo include AngloGold Ashanti , Ivanhoe Mines , China Molybdenum , Zijin Mining and MMG .
JAKARTA, Sept 14 (Reuters) – Several global metals producers have set their sights on Indonesia's nickel reserves to tap an expected surge in demand for the metal for electric vehicle batteries.
Sumitomo Metal Mining Co Ltd (SMM) said on Thursday that it and nickel miner PT Vale Indonesia are conducting a feasibility study to build a nickel processing project in Pomalaa, Southeast Sulawesi. ...
A spokesman for Vale said the plant would make an intermediate nickel and cobalt product that would then be processed into nickel sulphate for batteries.
Major nickel producers are taking a closer look at Indonesia whose large nickel laterite ore reserves are already prized for nickel pig iron used in stainless steel production.
Indonesia's nickel ore has largely been overlooked by battery producers, as extracting the high purity nickel they need from it requires plants that are more costly and difficult to operate than conventional nickel smelters.
That could change if producers are willing to plough investments into high pressure acid leach (HPAL) plants. The plants, which use heat and pressure to remove the nickel and cobalt from the ore, are regarded as technically challenging and expensive but produce high quality metal.
Xiao Fu, Head of Commodity Market Strategy at BOC International, said on the sidelines of Asian Nickel conference this week that the EV market "could represent growth opportunities in Indonesia" and attract interest from Chinese battery makers.
"In Asia, everyone is racing toward this new game," she added, referring to developing projects by , which is developing a huge nickel sulphate plant Western Australia, and by China's Jinchuan Group JCHRP.UL . ...
"Indonesia's strength is in nickel ore, and nickel pig iron, but there could be a shift if this is where the opportunities are," Xiao said.
Vale Indonesia is working on obtaining environmental permits for the proposed 40,000-tonne smelter which will process ore extracted using high-pressure acid leaching (HPAL), Business Development Manager Steve Brown said on the sidelines of the conference.
HPAL technology is "still emerging" in Indonesia, said Brown, noting that early entrants willing to invest in the more technically challenging field could be well rewarded. Brazil-based Vale is the world's biggest nickel producer.
Chinese stainless steel-maker Tsingshan Holding Group, Indonesia's biggest nickel producer, is leading a group seeking investors for a nickel sulphate plant to produce EV batteries in a $10 billion industrial park linked to its Weda Bay concession, the group said last month.
The group, which also includes China's Huayou Cobalt Ltd and Zhenshi Holding Group, is looking to develop 9.3 million tonnes of nickel reserves in Weda Bay, in Malaku, jointly owned by France's Eramet .
A China-based spokesman for Tsingshan deferred questions to its subsidiary Shanghai Decent Investment Group, which declined to comment.
Huayou's board secret
SP is dangerously close to react downwards. Support at 22.30 and broken upwards may cause a continuous rise...who knows, it depends on RNS's