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Princess Leia is safe and the Droids have made it back to Tatooine and are enjoying a beverage at the Cantina
AVZ Discussion 2022
- Thread starter GazDix
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Samus
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Remark
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I'm not sure if this has already been posted, forgive me if it has.....
Geumyang·Democratic Republic of Congo 'hand in hand'... Lithium mine development
[Seoul Economy TV = Reporter Hyeyoung Kim] Co., Ltd. Geumyang (001570)The Democratic Republic of Congo will partner with a resource development company to develop a lithium mine.
Kumyang Corporation announced on the 12th that it had signed an MOU with a local resource development company to develop and acquire ownership of the Manono mine in the Democratic Republic of Congo, where lithium, tin, and coltan are presumed to be buried.
The 'Manono Mine' is located in the southeastern part of the Democratic Republic of Congo, near the border with Tanzania. The place where Geumyang signed the MOU is located at the southern end of the Manono Mine, located 5km to the south of the lithium mine zone, which is being jointly developed by Australian resource development company AVZ and China's CATL.
The mine owned by AVZ is one of the world's largest lithium development projects, with an estimated lithium ore reserve of 400 million tons, and the quality of lithium contained in the ore is high at 1.65%, the company explained. AVZ announced in 2020 in Fiji According to Biliity Study, it is estimated that 700,000 tons of spodumene per year can be mined over 20 years, the company added.
In September 2021, AVZ sold a 24% stake in the mine to a Chinese CATL subsidiary for 240 million dollars (about 330 billion won).
According to a Geumyang official, the area where the MOU was signed is 36% of the AVZ mine area. In this case, it is possible to secure production of 250,000 tons of spodumene (6% lithium content) per year worth 1 trillion won to 2 trillion won, which is equivalent to 20,000 tons of lithium hydroxide used in cathode materials, which is equivalent to the production of 500,000 electric vehicles. The company emphasized that Korea will stably secure lithium raw materials.
Park Soon-hyuk, director of public relations at Geumyang, said, “After signing this MOU, we plan to sign this contract within one to two months and secure more than 60% of the stake in the mine with an initial development investment of KRW 35 billion to KRW 40 billion.” The reserves will be determined, and tin and coltan are expected to be supplied to the market in one to two years, and lithium in four years.”
Meanwhile, in addition to lithium, it is estimated that 50,000 tons of tin per year and coltan, a raw material for rare metals essential for mobile phones and computers, are stored in this mine, the Geumyang side added./hyk@seadaily.com
Geumyang·Democratic Republic of Congo 'hand in hand'... Lithium mine development
[Seoul Economy TV = Reporter Hyeyoung Kim] Co., Ltd. Geumyang (001570)The Democratic Republic of Congo will partner with a resource development company to develop a lithium mine.
Kumyang Corporation announced on the 12th that it had signed an MOU with a local resource development company to develop and acquire ownership of the Manono mine in the Democratic Republic of Congo, where lithium, tin, and coltan are presumed to be buried.
The 'Manono Mine' is located in the southeastern part of the Democratic Republic of Congo, near the border with Tanzania. The place where Geumyang signed the MOU is located at the southern end of the Manono Mine, located 5km to the south of the lithium mine zone, which is being jointly developed by Australian resource development company AVZ and China's CATL.
The mine owned by AVZ is one of the world's largest lithium development projects, with an estimated lithium ore reserve of 400 million tons, and the quality of lithium contained in the ore is high at 1.65%, the company explained. AVZ announced in 2020 in Fiji According to Biliity Study, it is estimated that 700,000 tons of spodumene per year can be mined over 20 years, the company added.
In September 2021, AVZ sold a 24% stake in the mine to a Chinese CATL subsidiary for 240 million dollars (about 330 billion won).
According to a Geumyang official, the area where the MOU was signed is 36% of the AVZ mine area. In this case, it is possible to secure production of 250,000 tons of spodumene (6% lithium content) per year worth 1 trillion won to 2 trillion won, which is equivalent to 20,000 tons of lithium hydroxide used in cathode materials, which is equivalent to the production of 500,000 electric vehicles. The company emphasized that Korea will stably secure lithium raw materials.
Park Soon-hyuk, director of public relations at Geumyang, said, “After signing this MOU, we plan to sign this contract within one to two months and secure more than 60% of the stake in the mine with an initial development investment of KRW 35 billion to KRW 40 billion.” The reserves will be determined, and tin and coltan are expected to be supplied to the market in one to two years, and lithium in four years.”
Meanwhile, in addition to lithium, it is estimated that 50,000 tons of tin per year and coltan, a raw material for rare metals essential for mobile phones and computers, are stored in this mine, the Geumyang side added./hyk@seadaily.com
Retrobyte
Hates a beer
Total duster. I was in 4CE as well. Difference is, it was a Jason Brewer enterprise - one of many failures
cruiser51
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5km south of RD doesn't look promising.
Could it be 5 km south-west of RD and is it Klaus flogging a Tantalex tenement off to the Koreans?
oxxa23
Regular
the fijian investor roadshow... not sure any investors attended... but, the BOD felt the need to go anyway
JAG
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Frank
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John25
Regular
What…..all that practice gone down the shitterMaybe we all get an invite to attend the Fiji roadshow, if we can make it there.
Just a security move, baseball bats are banned on entry into Fiji.
cruiser51
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They have heaps of coconuts in Fiji, maybe a collection of them helps
cruiser51
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Btw just for interested parties:
In Fiji there are three common varieties of pineapple. These include Ripley Queen, Smooth Cayenne and Waimama.
Take your pick
Retrobyte
Hates a beer
the fijian investor roadshow... not sure any investors attended... but, the BOD felt the need to go anyway
Found a photo from the Fijian roadshow ....
oxxa23
Regular
anyone taking the ripley over the smooth is a loose unit...
JAG
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Pre-Cop 27: "the future of the global ecosystem belongs to the DRC, country-solution to climate regulation", says Godard Motemona, Deputy Minister of Mines
Saturday 8 October 2022 - 07:02
Economy
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Godard Motemona, Deputy Minister of Mines of the DRC. Ph. Third Party Rights.
As a prelude to the COP 27 scheduled for 7 to 18 November 2022 in Egypt, the Congolese government in partnership with Egypt organized in Kinshasa at the Palais du peuple the preparatory work to mark the way to this major event on the climate.
Speaking at this rostrum, Godard Motemona, Deputy Minister of Mines painted the picture of the mineral resources of the DRC, Country-solution to the global climate regulation while welcoming the commitment of the Head of State on climate issues.
For the Deputy Minister of Mines, Godard motemona the soil and subsoil of the Democratic Republic of Congo are full of numerous and diversified mineral resources including non-ferrous metals, ferrous metals, precious stones, minerals of energy resources. Among these resources, those exploited to date include: copper, cobalt, zinc, gold, diamonds, tin and coltan.
He also said that the DRC has Lithium resources estimated at 400 million tons. This metal is used in the manufacture of electric batteries for the storage of wind, solar and geothermal energy. Metals such as nickel and manganese, whose mineral reserves are not known to date, are also used in the manufacture of electric batteries. The same is true of rare earths, including monazite, which are used in the manufacture of permanent magnets for motors and electric generators in wind and solar energy.
For her part, the VPM, Minister of Environment and Sustainable Development, Eve Bazaiba circumscribed the context of the 27th Conference of the Parties while indicating that the DRC has the forests and minerals to deal with climate change. For her, we cannot talk about climate requirements now without including the DRC.
It should be noted that two distinguished guests took part in this session, the Executive Secretary of the United Nations Framework Convention on Climate Change Simon Stiell, and the Minister of the Environment of the Republic of Congo, Arlette Sudan Nonault. All welcomed the Commitment of the Congolese Government in the fight against climate change and the protection of natural mineral resources for the energy transition.
Saturday 8 October 2022 - 07:02
Economy
FacebookTwitterLinkedInEmailMessengerWhatsAppShare
Godard Motemona, Deputy Minister of Mines of the DRC. Ph. Third Party Rights.
As a prelude to the COP 27 scheduled for 7 to 18 November 2022 in Egypt, the Congolese government in partnership with Egypt organized in Kinshasa at the Palais du peuple the preparatory work to mark the way to this major event on the climate.
Speaking at this rostrum, Godard Motemona, Deputy Minister of Mines painted the picture of the mineral resources of the DRC, Country-solution to the global climate regulation while welcoming the commitment of the Head of State on climate issues.
He added:
At the COP26 held in Glasgow, the President of the Republic, Head of State, presented the DRC as a "solution country" to the climate change that is currently raging in the world, thanks to its various natural resources, including its forest massif, its renewable energy potential and its green mineral reserves."
For the Deputy Minister of Mines, Godard motemona the soil and subsoil of the Democratic Republic of Congo are full of numerous and diversified mineral resources including non-ferrous metals, ferrous metals, precious stones, minerals of energy resources. Among these resources, those exploited to date include: copper, cobalt, zinc, gold, diamonds, tin and coltan.
He also said that the DRC has Lithium resources estimated at 400 million tons. This metal is used in the manufacture of electric batteries for the storage of wind, solar and geothermal energy. Metals such as nickel and manganese, whose mineral reserves are not known to date, are also used in the manufacture of electric batteries. The same is true of rare earths, including monazite, which are used in the manufacture of permanent magnets for motors and electric generators in wind and solar energy.
For her part, the VPM, Minister of Environment and Sustainable Development, Eve Bazaiba circumscribed the context of the 27th Conference of the Parties while indicating that the DRC has the forests and minerals to deal with climate change. For her, we cannot talk about climate requirements now without including the DRC.
It should be noted that two distinguished guests took part in this session, the Executive Secretary of the United Nations Framework Convention on Climate Change Simon Stiell, and the Minister of the Environment of the Republic of Congo, Arlette Sudan Nonault. All welcomed the Commitment of the Congolese Government in the fight against climate change and the protection of natural mineral resources for the energy transition.
John25
Regular
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