AVZ Discussion 2022
- Thread starter GazDix
- Start date
LOCKY82
Regular
Ooooh my they some tig ol bitties!!
Hi @Xerof, I was trying to see the link you posted again and it won’t work for me. When you have a minute would you mind posting it again or sending to me. Thanks
Xerof
Biding my Time 1971
Easier to point you to the AVZ Announcement itself, being the one dated 16/8/21 titled Carriere deposit a likely rival to Roche …..
Actually someone recently posted a comparison on the Crapper as well
Oh crap that’s right, can’t link to that shit.
It’s a post by underwaterdark today
Last edited:
Frank
Top 20
By 2030 lithium usage will grow to 2.3Mt but ‘true demand’ is 1Mt more
Morningstar chief US market strategist Dave Sekera told Reuters that he expects lithium use to reach 2.3mt by 2030.For context, around 473,000 tonnes of lithium were used last year.
But Sekera also said the ‘true demand’ for lithium is another 1mt on top of that.
“The true demand for lithium, the amount that we think would be used if there was enough supply out there, would actually be about 3.3mt,” he said.
“With the amount of under-supply out there over the decade, we do think lithium will be very profitable until 2030.”
Sekera flagged that 2025 will probably be the peak year where we see the most underproduction but that it should start to level out after that point as more mines come online and ramp up to their full capacity.
Lithium, rare earth markets still buoyant despite all the doom and gloom
Despite the gloom and doom, lithium and rare earth markets have remained relatively buoyant.The lithium market remains very tight with a strong bounce in EV sales as China emerges from the recent lockdown.
Year on year growth in China has been an impressive 113%, 60% in the US and 9% in Europe.
Rare earths have also remained fairly strong with NdPr prices rising to over US$175/kg earlier this year before a sharp decline in response to the China lockdown.
Thanks, I’ll have a look
DiscoDanNZ
Regular
Still a great link you posted though!
Off topic are you still going to Dunedin for the rugby?
Xerof
Biding my Time 1971
Yep, the roadie starts tomorrow night
DiscoDanNZ
Regular
Where are you travelling from? If you need any restaurant advice let me know
Xerof
Biding my Time 1971
Leaving from Christchurch. Points of interest are
Danseys Pass Inn
Royal hotel Naseby
Wedderburn tavern
Vulcan hotel Becks and
Lauder hotel
Staying at a mates place out of Lauder Friday night
Launch into Dunedin during afternoon, pre-game will be anywhere near the stadium. Post game we bolt for another mates place at Wainakarua and commence celebrations.
Thanks mate but food won’t be in sharp focus I suspect
DiscoDanNZ
Regular
Leaving from Christchurch. Points of interest are
Danseys Pass Inn
Royal hotel Naseby
Wedderburn tavern
Vulcan hotel Becks and
Lauder hotel
Staying at a mates place out of Lauder Friday night
Launch into Dunedin during afternoon, pre-game will be anywhere near the stadium. Post game we bolt for another mates place at Wainakarua and commence celebrations.
Thanks mate but food won’t be in sharp focus I suspect
All of those are great places to visit but don't blink or you will miss Becks
Emersons Brewery is only a 2min walk to the stadium but I suspect it will be packed on game day
Frank
Top 20
*Well, well, well, sounds like the DRC does have some Balls and aren't afraid to stand up to those thieving Bastards after all, as the CMOC Plot thickens and the DRC stick to their Guns and bare their Teeth, as
CMOC, which has previously said that Tenke Fungurume Mining remains under its management, did not immediately reply to a request for comment on the letters dated June 29 and July 1.
The order is the latest escalation in a dispute between CMOC, which owns 80% of TFM, and Democratic Republic of Congo’s state mining company Gecamines, which holds the remaining 20%.
Congo’s government says it suspects CMOC understated reserve levels to reduce the amount of royalties it pays to Gecamines.
CMOC, which was previously known as China Molybdenum, denies having done so.
Gecamines and Congo’s mines ministry were not immediately reachable for comment.
It was not immediately clear whether TFM’s exports were still being let through the border.
In the June 29 letter, addressed to CMOC’s board, the provisional administrator wrote that the terms for the marketing of TFM’s production in 2022 had not been met, and ordered CMOC to share all the information purporting to its marketing and exports since January 1 within 24 hours.
The letter ordered CMOC to stop marketing and exporting product from TFM in the interim.
In the July 1 letter, the provisional administrator ordered Congo’s customs authority to implement the suspension of TFM’s exports.
In an interview with the China Global South Project’s French-language publication on Monday, China’s ambassador to Congo said the Chinese government is closely following the dispute between Gecamines and CMOC and “making sure the rights of Chinese companies are respected”.
“We must encourage the two companies to maintain a dialogue… without using the apparatus of the state or resorting to brutal methods,” Ambassador Zhu Jing said.
Which begs the Question,
Why Oh' Why, Not a DRC Squeak nor a Roar when it comes to Manono
Stay tuned for the next exciting episode in the Days of our DRC Lives
Talk about things that make you go Hmm atm
Food for thought
Frank
Congo orders China’s CMOC to stop exports from Tenke Fungurume cobalt mine
A temporary administrator appointed by a Congolese court to run the world’s second-largest cobalt mine ordered majority owner CMOC to suspend marketing and export of its production, letters seen by Reuters showed.CMOC, which has previously said that Tenke Fungurume Mining remains under its management, did not immediately reply to a request for comment on the letters dated June 29 and July 1.
The order is the latest escalation in a dispute between CMOC, which owns 80% of TFM, and Democratic Republic of Congo’s state mining company Gecamines, which holds the remaining 20%.
Congo’s government says it suspects CMOC understated reserve levels to reduce the amount of royalties it pays to Gecamines.
CMOC, which was previously known as China Molybdenum, denies having done so.
Gecamines and Congo’s mines ministry were not immediately reachable for comment.
It was not immediately clear whether TFM’s exports were still being let through the border.
In the June 29 letter, addressed to CMOC’s board, the provisional administrator wrote that the terms for the marketing of TFM’s production in 2022 had not been met, and ordered CMOC to share all the information purporting to its marketing and exports since January 1 within 24 hours.
The letter ordered CMOC to stop marketing and exporting product from TFM in the interim.
In the July 1 letter, the provisional administrator ordered Congo’s customs authority to implement the suspension of TFM’s exports.
In an interview with the China Global South Project’s French-language publication on Monday, China’s ambassador to Congo said the Chinese government is closely following the dispute between Gecamines and CMOC and “making sure the rights of Chinese companies are respected”.
“We must encourage the two companies to maintain a dialogue… without using the apparatus of the state or resorting to brutal methods,” Ambassador Zhu Jing said.
Which begs the Question,
Why Oh' Why, Not a DRC Squeak nor a Roar when it comes to Manono
Stay tuned for the next exciting episode in the Days of our DRC Lives
Talk about things that make you go Hmm atm
Food for thought
Frank
Last edited:
Frank
Top 20
Eleven mining companies in the sights of the DGI
Somika, MMG, Comika, Shituru Mining, Kamoa, KCC, TFM, Anvil Mining, Frontier, Metal Kol and Sicomines are the eleven mining companies in the DRC currently in the sights of the General Directorate of Taxation (DGI).
The latter was instructed to prosecute these non-compliant companies with the superprofit tax.
This given that their tax amounts total US$876.1 million.
This is following the analyzes carried out by the cabinet of the Ministry of Finance, we learned during the last Council of Ministers last Friday.
Freddy Kasongo is executive secretary of the Observatory for Studies and Support for Social Responsibility (OEARSE), a civil society NGO. For his part, he welcomes this approach and encourages companies to pay for flows.
“As we are talking about a recovery of approximately 876 billion US dollars, we can only be delighted. It is also up to the State to ensure that the flow covered is for the benefit of the Public Treasury and not of individuals”.
Relevance
However, he believes that the figures given by the ministry have so far not been verified.
“She's definitely technical. It is difficult for civil society to express itself there. Especially since it would be necessary to have the feasibility studies beforehand and also check the superprofits in relation to the selling prices and not to the fluctuation of raw materials on the international market”.
To him to add: “So, we think that at this stage, it is time for the stakeholders to discuss within the framework of the Initiative for the transparency of extractive products on the advisability of publishing the feasibility studies of mining companies”.
In this way, Freddy Kasongo believes that civil society and even the population will be able to have a solid basis for carrying out independent citizen controls in this sector.
“At this stage of the process, we as a nation can only support the government in recovering these flows. It is also necessary to ensure that all the parameters have been checked according to the law in order to avoid the deterioration of the business climate in the mining sector of the DRC”.
www.mediacongo.net
Will this cause a global pinch on rare earth resources?
Considering all the challenges facing metal commodities (and commodities in general), it remains a distinct possibility.
The Cobalt Craze and Mining Competition
China Molybdenum, a large mining company in mainland China, recently announced plans to invest in mining initiatives based out of the Democratic Republic of Congo.
According to estimates, the firm plans to put a staggering USD $1.8 billion into these new efforts.
The notoriously-unstable central African nation is particularly rich in minerals, boasting some of the world’s largest copper and cobalt mines.
Of course, with so much cobalt sourced directly from DRC, China Molybdenum will have a firm hold on global cobalt buyers.
As with many other commodities, demand and competition for cobalt have been heavily influenced by the war in Ukraine.
The subsequent sanctions on Russia have only further stressed the global cobalt trade. It’s hardly a surprise.
Russia is second to the DRC when it comes to cobalt supply. As demand goes up, competition over mining resources has become quite grizzly.
In fact, Russia recently announced it would go as far as to mine cobalt from sea beds if necessary.
Last week, MetalMiner published an article about Norilsk Nickel, Russia’s top cobalt producer.
The company’s President, Vladimir Potanin, had just been added to the sanctioned individuals list, causing prices on the LME to shoot up 6%.
When combined with ongoing sanctions, the news could mean that having more cobalt available will not benefit Russia in the short term.
According to many industry experts, it’s a move that means big trouble for mining companies in the state.
However, not everyone feels that way.
Proponents think the new tax will allow California-sourced lithium to compete on a more realistic scale. In their minds, fewer lithium imports means more state-sourced lithium, stimulating the local economy.
Another pain point the tax addresses is how to make lithium from Chinese suppliers more affordable. Thanks to the electric vehicle boom, more and more auto manufacturers are utilizing lithium-ion batteries, and that lithium needs to come from somewhere.
For instance, since 2020, GM has put a lot of effort toward EVs.
Just last year, the company invested $71 million dollars into a brand new facility in Southern California.
Of course, the new lithium tax will significantly affect this expansion, at least in the short term.
In the long run, it will hopefully alleviate the cost of Chinese lithium.
oilprice.com
Somika, MMG, Comika, Shituru Mining, Kamoa, KCC, TFM, Anvil Mining, Frontier, Metal Kol and Sicomines are the eleven mining companies in the DRC currently in the sights of the General Directorate of Taxation (DGI).
The latter was instructed to prosecute these non-compliant companies with the superprofit tax.
This given that their tax amounts total US$876.1 million.
This is following the analyzes carried out by the cabinet of the Ministry of Finance, we learned during the last Council of Ministers last Friday.
Freddy Kasongo is executive secretary of the Observatory for Studies and Support for Social Responsibility (OEARSE), a civil society NGO. For his part, he welcomes this approach and encourages companies to pay for flows.
“As we are talking about a recovery of approximately 876 billion US dollars, we can only be delighted. It is also up to the State to ensure that the flow covered is for the benefit of the Public Treasury and not of individuals”.
Relevance
However, he believes that the figures given by the ministry have so far not been verified.
“She's definitely technical. It is difficult for civil society to express itself there. Especially since it would be necessary to have the feasibility studies beforehand and also check the superprofits in relation to the selling prices and not to the fluctuation of raw materials on the international market”.
To him to add: “So, we think that at this stage, it is time for the stakeholders to discuss within the framework of the Initiative for the transparency of extractive products on the advisability of publishing the feasibility studies of mining companies”.
In this way, Freddy Kasongo believes that civil society and even the population will be able to have a solid basis for carrying out independent citizen controls in this sector.
“At this stage of the process, we as a nation can only support the government in recovering these flows. It is also necessary to ensure that all the parameters have been checked according to the law in order to avoid the deterioration of the business climate in the mining sector of the DRC”.
www.mediacongo.net
Global Supply For Battery Metals Is Running Tight As Demand Surges
As the desire for electric vehicles increases, the demand for battery metals like lithium and cobalt continues to rise.Will this cause a global pinch on rare earth resources?
Considering all the challenges facing metal commodities (and commodities in general), it remains a distinct possibility.
The Cobalt Craze and Mining Competition
China Molybdenum, a large mining company in mainland China, recently announced plans to invest in mining initiatives based out of the Democratic Republic of Congo.
According to estimates, the firm plans to put a staggering USD $1.8 billion into these new efforts.
The notoriously-unstable central African nation is particularly rich in minerals, boasting some of the world’s largest copper and cobalt mines.
Of course, with so much cobalt sourced directly from DRC, China Molybdenum will have a firm hold on global cobalt buyers.
As with many other commodities, demand and competition for cobalt have been heavily influenced by the war in Ukraine.
The subsequent sanctions on Russia have only further stressed the global cobalt trade. It’s hardly a surprise.
Russia is second to the DRC when it comes to cobalt supply. As demand goes up, competition over mining resources has become quite grizzly.
In fact, Russia recently announced it would go as far as to mine cobalt from sea beds if necessary.
Last week, MetalMiner published an article about Norilsk Nickel, Russia’s top cobalt producer.
The company’s President, Vladimir Potanin, had just been added to the sanctioned individuals list, causing prices on the LME to shoot up 6%.
When combined with ongoing sanctions, the news could mean that having more cobalt available will not benefit Russia in the short term.
California‘s Lithium Tax Affecting Battery Metals As Well
Along with cobalt, the logistics associated with many other rare earth metals are also becoming more challenging. For instance, California recently approved a flat-rate tax on lithium.According to many industry experts, it’s a move that means big trouble for mining companies in the state.
However, not everyone feels that way.
Proponents think the new tax will allow California-sourced lithium to compete on a more realistic scale. In their minds, fewer lithium imports means more state-sourced lithium, stimulating the local economy.
Another pain point the tax addresses is how to make lithium from Chinese suppliers more affordable. Thanks to the electric vehicle boom, more and more auto manufacturers are utilizing lithium-ion batteries, and that lithium needs to come from somewhere.
For instance, since 2020, GM has put a lot of effort toward EVs.
Just last year, the company invested $71 million dollars into a brand new facility in Southern California.
Of course, the new lithium tax will significantly affect this expansion, at least in the short term.
In the long run, it will hopefully alleviate the cost of Chinese lithium.
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Last edited:
DiscoDanNZ
Regular
Eleven mining companies in the sights of the DGI
Somika, MMG, Comika, Shituru Mining, Kamoa, KCC, TFM, Anvil Mining, Frontier, Metal Kol and Sicomines are the eleven mining companies in the DRC currently in the sights of the General Directorate of Taxation (DGI).
The latter was instructed to prosecute these non-compliant companies with the superprofit tax.
This given that their tax amounts total US$876.1 million.
This is following the analyzes carried out by the cabinet of the Ministry of Finance, we learned during the last Council of Ministers last Friday.
Freddy Kasongo is executive secretary of the Observatory for Studies and Support for Social Responsibility (OEARSE), a civil society NGO. For his part, he welcomes this approach and encourages companies to pay for flows.
“As we are talking about a recovery of approximately 876 billion US dollars, we can only be delighted. It is also up to the State to ensure that the flow covered is for the benefit of the Public Treasury and not of individuals”.
Relevance
However, he believes that the figures given by the ministry have so far not been verified.
“She's definitely technical. It is difficult for civil society to express itself there. Especially since it would be necessary to have the feasibility studies beforehand and also check the superprofits in relation to the selling prices and not to the fluctuation of raw materials on the international market”.
To him to add: “So, we think that at this stage, it is time for the stakeholders to discuss within the framework of the Initiative for the transparency of extractive products on the advisability of publishing the feasibility studies of mining companies”.
In this way, Freddy Kasongo believes that civil society and even the population will be able to have a solid basis for carrying out independent citizen controls in this sector.
“At this stage of the process, we as a nation can only support the government in recovering these flows. It is also necessary to ensure that all the parameters have been checked according to the law in order to avoid the deterioration of the business climate in the mining sector of the DRC”.
www.mediacongo.net
Global Supply For Battery Metals Is Running Tight As Demand Surges
As the desire for electric vehicles increases, the demand for battery metals like lithium and cobalt continues to rise. Will this cause a global pinch on rare earth resources?
Considering all the challenges facing metal commodities (and commodities in general), it remains a distinct possibility.
The Cobalt Craze and Mining Competition
China Molybdenum, a large mining company in mainland China, recently announced plans to invest in mining initiatives based out of the Democratic Republic of Congo.
According to estimates, the firm plans to put a staggering USD $1.8 billion into these new efforts.
The notoriously-unstable central African nation is particularly rich in minerals, boasting some of the world’s largest copper and cobalt mines.
Of course, with so much cobalt sourced directly from DRC, China Molybdenum will have a firm hold on global cobalt buyers.
As with many other commodities, demand and competition for cobalt have been heavily influenced by the war in Ukraine.
The subsequent sanctions on Russia have only further stressed the global cobalt trade. It’s hardly a surprise.
Russia is second to the DRC when it comes to cobalt supply. As demand goes up, competition over mining resources has become quite grizzly.
In fact, Russia recently announced it would go as far as to mine cobalt from sea beds if necessary.
Last week, MetalMiner published an article about Norilsk Nickel, Russia’s top cobalt producer.
The company’s President, Vladimir Potanin, had just been added to the sanctioned individuals list, causing prices on the LME to shoot up 6%.
When combined with ongoing sanctions, the news could mean that having more cobalt available will not benefit Russia in the short term.
California‘s Lithium Tax Affecting Battery Metals As Well
Along with cobalt, the logistics associated with many other rare earth metals are also becoming more challenging. For instance, California recently approved a flat-rate tax on lithium.
According to many industry experts, it’s a move that means big trouble for mining companies in the state.
However, not everyone feels that way.
Proponents think the new tax will allow California-sourced lithium to compete on a more realistic scale. In their minds, fewer lithium imports means more state-sourced lithium, stimulating the local economy.
Another pain point the tax addresses is how to make lithium from Chinese suppliers more affordable. Thanks to the electric vehicle boom, more and more auto manufacturers are utilizing lithium-ion batteries, and that lithium needs to come from somewhere.
For instance, since 2020, GM has put a lot of effort toward EVs.
Just last year, the company invested $71 million dollars into a brand new facility in Southern California.
Of course, the new lithium tax will significantly affect this expansion, at least in the short term.
In the long run, it will hopefully alleviate the cost of Chinese lithium.
Crude Oil Prices Today | OilPrice.com
Crude oil prices & gas price charts. Oil price charts for Brent Crude, WTI & oil futures. Energy news covering oil, petroleum, natural gas and investment advice
"This given that their tax amounts total US$876.1 million."
Anyone else here hoping/expecting a boat load of announcements to drop out of the blue one day before the 14th? Right before 10am to catch the shorters flat footed. Or is it just me that hopes for this everyday.
TDITD
Top 20
"This given that their tax amounts total US$876.1 million."
Anyone else here hoping/expecting a boat load of announcements to drop out of the blue one day before the 14th? Right before 10am to catch the shorters flat footed. Or is it just me that hopes for this everyday.
Yea, hoping in my cynical mind is more likely.
The announcement on the 17th June said ICC bollocks takes about 4 weeks, that would put it at 15th of July - So if the decision comes in as scheduled and to take DRC time into consideration, we should receive news imminently sometime around summer 2024 if expedited.
I'm expecting a few weeks after the 15th when we get positive news from the ICC, that gets announced and then some movement in the background (of course in slow motion) - then fucking boom, an explosion maybe around the 5th of August we get our heads blown clean off with we have 66% and CATL cash then over the next few weeks with announcement after announcement our computer screens and keyboards become stickier and stickier. BFS, FID, Expansion plans, Battery plant JV, Nigel banned from using the word imminent.
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