bloke383
Regular
Roads can't be too bad if that piece of machinery is getting delivered to us on that rig .
AVZ Discussion 2022
- Thread starter GazDix
- Start date
DiscoDanNZ
Regular
Someones already asked on the post if it's going the whole way on that rig, I'll keep an eye out for a response
marksmann007
Regular
Nucleus Mining Logistics – Africa and Project Logistics
nucleusml.co.za
bloke383
Regular
Can they also ask anticipated date of arrival on site ?
TDITD
Top 20
Luvly Piccie Solo, I hope they don't collide with the surfers on the way to Manono.
Smart thinking they put the unit on a deep loader, so them beaut green wheels don't get mud on them prior to delivery.
Retrobyte
Hates a beer
Check out their About page .....Nucleus Mining Logistics – Africa and Project Logistics
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Retrobyte
Hates a beer
Bomoi Abdulmajid on LinkedIn: The High Price Of Lithium Is Pushing A Global Scramble For The Precious…
The High Price Of Lithium Is Pushing A Global Scramble For The Precious Battery Metal: Supply shortages have pushed battery-grade lithium prices to record…
The High Price Of Lithium Is Pushing A Global Scramble For The Precious Battery Metal:
Supply shortages have pushed battery-grade lithium prices to record highs as battery demand soared amid strong global electric vehicle (EV) sales.
Lithium is a key metal in EV batteries and is widely used in the form of lithium carbonate and lithium hydroxide, both raw materials for EV batteries.
The two main types of EV batteries are nickel-cobalt-manganese (NCM) and lithium iron phosphate (LFP).
Data from the London Metal Exchange and price reporting agency Fastmarkets , weekly lithium hydroxide (a minimum of 56.5% LiOH2O battery grade) cost, insurance and freight (CIF) prices jumped to $81.55 a kilogram ($81,550 a tonne) on 1 May, up 23.4% from $66.09 ($66,090 a tonne) on 8 March.
Being a relatively small metal market by trading volume, lithium does not have a futures market.
The LME partnered with Fastmarkets in June 2019 to launch a reference price based on the weekly physical spot trade index on a CIF China, Japan and Korea basis.
As China, Japan and Korea are the biggest markets for the seaborne lithium market, the lithium spot price in those regions is regarded as the industry benchmark for battery-grade lithium.
The rising cost of lithium carbonate has placed a financial strain on battery manufacturers who are seeking to secure supplies of the essential raw material.
Early transactions in 2022 indicate that prices may continue to rise, reflecting a chronic under investment in supply between 2018 and 2021.
Investors are keenly supporting the expansion of supply by providing funding for new lithium projects especially in Africa with huge new lithium projects like the AVZ Minerals Limited Manono Lithium Project taking off in earnest.
But the time lag to production may not immediately address the current tight supply in the market.
Learn more about the lithium rush in my article below and connect with me for more about Africa's contribution to the green energy revolution.
#energytransition #netzerocarbon #lithiumionbatteries #lithium #batterymetals #batterytechnology #electricvehicles #supplychain #miningindustry #mininginvestment #commodityprices #energycrisis #renewableenergy #china #africa #blog #saharaprospectors
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DiscoDanNZ
Regular
I saw that back when the article was released, not all hero's wear capes
Mr Inappropriate
Regular
Winenut
Go AVZ!
Yep I've seen ol Jack hammer a few pretty hardI’ve been a bit of a rat bag at times on the Crapper so cleaning up my act a bit these days and thought a new profile name here would not hurt. I’ll probably put the baby to bed on the Crapper soon I think come the new FY.
Winenut
Go AVZ!
I think it's sad to mock the afflicted, particularly as I'm permanently banned from the crapper.
You can all feel free to point out that CRR is down 50% since I warned her in January.
Just a pity I can't short her picks, it would make life easier.
Someone in the DRC not happy with the Chinois...
A shareholder dispute over one of the world’s biggest copper and cobalt mines is heating up in the Democratic Republic of Congo (DRC), after state miner Gecamines SA threatened to block exports or even take the mine away from its partner, China Molybdenum Co (CMOC, 洛陽欒川鉬業).
Gecamines, which owns 20 percent of the Tenke Fungurume mine’s holding company, accused CMOC of manipulating the project’s finances and said it owes as much as US$5 billion in payments.
The disagreement has extended to who is actually running the mine: A Congolese court appointed a temporary administrator to manage the holding company, while the shareholders sort out their differences, but CMOC said nothing has changed.
The administrator, Sage Ngoie Mbayo, said he now controls the company’s bank accounts, but was last week blocked from entering the mine site by Congolese soldiers.
Things were set to come to a head on Thursday at the first meeting between the shareholders and Ngoie at Tenke Fungurume Mining SA’s (TFM) offices in the Congolese mining hub of Lubumbashi, but while Gecamines’ top two executives were there, CMOC representatives did not attend.
Gecamines chief executive officer Bester-Hilaire Ntambwe Ngoy Kabongo and his deputy, Leon Mwine Kabiena, said they are prepared to take more drastic action, including effectively revoking CMOC’s ownership of the project by dissolving the partnership.
“If it continues like this, we are going to ask for the dissolution,” the CEO said.
The two executives became increasingly agitated during the meeting, which lasted two hours in a boardroom surrounded by otherwise-empty company offices, while armed guards stood outside.
“What CMOC is doing now is stealing, it’s cheating, it’s covering-up,” Mwine said, adding that they were “liars,” “pillagers,” “bandits” and “criminals.”
CMOC did not immediately answer questions on the meeting or Gecamines’ statements.
The company previously said the mine is operating as usual without any change in management, and production is beating targets.
In its annual report last year, CMOC said communication with Gecamines was “complex and dynamic,” and it planned to engage an independent third party to verify disagreements over reserve estimates “and resolve the differences through fair and impartial negotiation.”
Any disruption to operations or exports from Tenke Fungurume could send ripples through global metals markets. The DRC is one of the world’s top producers of copper and by far the largest supplier of the key battery mineral cobalt.
Tenke Fungurume alone accounts for about 14 percent of world cobalt production, according to calculations by Bloomberg using figures from Darton Commodities, and the ore body is expected to last for decades.
CMOC Group Limited (“CMOC” or China Molybdenum) was created in 1969 and after mixed ownership reforms in 2004 and 2014, has become a private holding company with state-owned capital participation.
Looks like the DRC is having fun with another Chinese company, which believes the DRC is really Chinese.
Sun, Jun 19, 2022 page10
DRC miner may take huge cobalt project from CMOC
BloombergA shareholder dispute over one of the world’s biggest copper and cobalt mines is heating up in the Democratic Republic of Congo (DRC), after state miner Gecamines SA threatened to block exports or even take the mine away from its partner, China Molybdenum Co (CMOC, 洛陽欒川鉬業).
Gecamines, which owns 20 percent of the Tenke Fungurume mine’s holding company, accused CMOC of manipulating the project’s finances and said it owes as much as US$5 billion in payments.
The disagreement has extended to who is actually running the mine: A Congolese court appointed a temporary administrator to manage the holding company, while the shareholders sort out their differences, but CMOC said nothing has changed.
The administrator, Sage Ngoie Mbayo, said he now controls the company’s bank accounts, but was last week blocked from entering the mine site by Congolese soldiers.
Things were set to come to a head on Thursday at the first meeting between the shareholders and Ngoie at Tenke Fungurume Mining SA’s (TFM) offices in the Congolese mining hub of Lubumbashi, but while Gecamines’ top two executives were there, CMOC representatives did not attend.
Gecamines chief executive officer Bester-Hilaire Ntambwe Ngoy Kabongo and his deputy, Leon Mwine Kabiena, said they are prepared to take more drastic action, including effectively revoking CMOC’s ownership of the project by dissolving the partnership.
“If it continues like this, we are going to ask for the dissolution,” the CEO said.
The two executives became increasingly agitated during the meeting, which lasted two hours in a boardroom surrounded by otherwise-empty company offices, while armed guards stood outside.
“What CMOC is doing now is stealing, it’s cheating, it’s covering-up,” Mwine said, adding that they were “liars,” “pillagers,” “bandits” and “criminals.”
CMOC did not immediately answer questions on the meeting or Gecamines’ statements.
The company previously said the mine is operating as usual without any change in management, and production is beating targets.
In its annual report last year, CMOC said communication with Gecamines was “complex and dynamic,” and it planned to engage an independent third party to verify disagreements over reserve estimates “and resolve the differences through fair and impartial negotiation.”
Any disruption to operations or exports from Tenke Fungurume could send ripples through global metals markets. The DRC is one of the world’s top producers of copper and by far the largest supplier of the key battery mineral cobalt.
Tenke Fungurume alone accounts for about 14 percent of world cobalt production, according to calculations by Bloomberg using figures from Darton Commodities, and the ore body is expected to last for decades.
CMOC Group Limited (“CMOC” or China Molybdenum) was created in 1969 and after mixed ownership reforms in 2004 and 2014, has become a private holding company with state-owned capital participation.
Looks like the DRC is having fun with another Chinese company, which believes the DRC is really Chinese.
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