Media

[cosors]

It's clear that he sees it that way, as a supplier of batteries. I actually wanted to refer to your reactor post @Slymeat, but it's no longer there. The situation here is extremely polarised. There is only yes and no and no objective and substantive discussion. I think it is always important to take a multi-track approach and work with many solutions instead of putting everything on one desperate card. Once the technology is sold to Asia, it will not be developed further. Sweden is a good example. Some would like to ban the currently still dirty cement. But that would also prevent it from becoming climate-neutral. I see the same thing here with the ICE. For a niche solution and under strict conditions, I would keep it. I know I'm a bit alone in this. But I also have good reasons for seeing so. Our old environment minister didn't care, the main thing was 100% EV. Whether they have a more negative impact than an ICE and whether they are manufactured in a dirty way was irrelevant to her.
For example, there are technologies that the market knows nothing about. One example is the steam engine called ZEE (Zero Emission Engine) and the EYEE03 from VW. I only have the information in German. In the end, we all want to protect the environment as quickly and efficiently as possible. I know the discussion is polarising on all fronts. Actually, it's a better topic for the dusty bar. Time for a party

 

[Semmel]

It's clear that he sees it that way, as a supplier of batteries. I actually wanted to refer to your reactor post @Slymeat, but it's no longer there. The situation here is extremely polarised. There is only yes and no and no objective and substantive discussion. I think it is always important to take a multi-track approach and work with many solutions instead of putting everything on one desperate card. Once the technology is sold to Asia, it will not be developed further. Sweden is a good example. Some would like to ban the currently still dirty cement. But that would also prevent it from becoming climate-neutral. I see the same thing here with the ICE. For a niche solution and under strict conditions, I would keep it. I know I'm a bit alone in this. But I also have good reasons for seeing so. Our old environment minister didn't care, the main thing was 100% EV. Whether they have a more negative impact than an ICE and whether they are manufactured in a dirty way was irrelevant to her.
For example, there are technologies that the market knows nothing about. One example is the steam engine called ZEE (Zero Emission Engine) and the EYEE03 from VW. I only have the information in German. In the end, we all want to protect the environment as quickly and efficiently as possible. I know the discussion is polarising on all fronts. Actually, it's a better topic for the dusty bar. Time for a party

The discussion in the EU to ban all new sales of ICE cars by 2035 is just a fig leave. It's a great way to get points on the political landscape one way or another. But the reality is, the market of ice cars is probably approaching 0 by 2030, irrespective of any legislation. Customers will rather not update their car than buy outdated ice cars. We can already see the start of that development in the statistics. The decline of ICE sales is much faster than the increase of EV sales. I guess we will see what happens but i don't see a world where this law has much impact on reality. A discussion on the usefulness of nuclear reactors might be better placed somewhere else. Here we should only discuss it if we have an impact of that technology on Talga which i don't see. But again, my opinion and I will not participate if others want to have that discussion. Maybe a dedicated thread might be in order for that.

 

[cosors]

I want to preserve the licensing rights for journalism and am therefore thinking about how you can still participate.
So just some statements:
- We currently have agreements with 30-40 companies, both battery manufacturers and vehicle manufacturers, with whom we are conducting tests...
- Talga has indicated a financial security of 225 million, of which 85 million is for the sand reservoir. But the district administration doubts the possibility of taking moraines in the area and wants financial securities of at least 400 million. I have already noticed this in the maps. This paragraph is important and explains a lot!
- Norrbotten County Council is positive about Talga's possibilities to open a graphite mine in Vittangi. The statement is reminiscent of what the authority gave before the trial against H2 Green Steel.
- Talga has applied for a processing concession for three other deposits in the same area: Nunasvaara North, Niska North and Niska South.
- The report shows that if climate targets become reality, demand for lithium and graphite is expected to increase 40-fold by 2040.

NV really wants local supply and we are explicitly mentioned in the article. As far as local supply is concerned, they expect a long-term process because of, among other things, the reentiere. But they are very discreet about their supply chain. They only mention nickel from Canada and the Galp JV for lithium processing. They are silent on everything else.

And the Sami expect to be exterminated and will certainly appeal. Then the court will have to arbitrate, in my opinion.
....still reading

 

[Slymeat]

It's clear that he sees it that way, as a supplier of batteries. I actually wanted to refer to your reactor post @Slymeat, but it's no longer there. The situation here is extremely polarised. There is only yes and no and no objective and substantive discussion. I think it is always important to take a multi-track approach and work with many solutions instead of putting everything on one desperate card. Once the technology is sold to Asia, it will not be developed further. Sweden is a good example. Some would like to ban the currently still dirty cement. But that would also prevent it from becoming climate-neutral. I see the same thing here with the ICE. For a niche solution and under strict conditions, I would keep it. I know I'm a bit alone in this. But I also have good reasons for seeing so. Our old environment minister didn't care, the main thing was 100% EV. Whether they have a more negative impact than an ICE and whether they are manufactured in a dirty way was irrelevant to her.
For example, there are technologies that the market knows nothing about. One example is the steam engine called ZEE (Zero Emission Engine) and the EYEE03 from VW. I only have the information in German. In the end, we all want to protect the environment as quickly and efficiently as possible. I know the discussion is polarising on all fronts. Actually, it's a better topic for the dusty bar. Time for a party

Hi @cosors, I deleted my post on LFTR technology because of the backlash it received, from only one person I admit, but backlash none-the-less. I didn‘t think that I deserved to be told to “F#@K OFF” or called “a dick” by MushroomMan, in a post he subsequently deleted. Especially since I was merely replying to @Semmel’s post discussing the differences in economies of other forms of energy generation. I felt that LFTR needed representation in that rather relevant discussion.

The story about batteries and graphite mining is bigger than the EV market, it needs to consider the entire market for power. And I felt that may have been one of the points @Semmel was making.

Mankind needs to have a plan to solve our power needs in a manner that is beneficial to the planet. Batteries, and EVs are a good start, this stops ICE generated pollutants from entering the atmosphere. But this also depends on green/clean ways of mining the necessary resources, manufacturing the batteries and EVs, and providing the power to charge the batteries.

And I most certainly agree that adoption of batteries and EVs will most likely be cost-based for most customers.

To me, LFTR technology seems the best proposition for cheap, abundant, clean electrical power to recharge the batteries in the billions of EVs that one day will be running on our streets.

We may all be well-intentioned, but not many of us are willing to take a step that will cost more money to get the same personal result—i.e. getting from point A to point B In reasonable time, with minimum effort, and not changing too much from the current way we do it.

Talga is on the right path in mining Graphite in an environmentally friendly way and improving battery technology to help this aim.

When EVs:

• cost about the same to buy as a vehicle with an ICE,
• cost about the same to run, and
• provide at least the same experience (as in range and time to re-charge).

Then adoption of EVs will increase, regardless of what any politicians debate.

 

[cosors]

Hi @cosors, I deleted my post on LFTR technology because of the backlash it received, from only one person I admit, but backlash none-the-less. I didn‘t think that I deserved to be told to “F#@K OFF” or called “a dick” by MushroomMan, in a post he subsequently deleted. Especially since I was merely replying to @Semmel’s post discussing the differences in economies of other forms of energy generation. I felt that LFTR needed representation in that rather relevant discussion.

The story about batteries and graphite mining is bigger than the EV market, it needs to consider the entire market for power. And I felt that may have been one of the points @Semmel was making.

Mankind needs to have a plan to solve our power needs in a manner that is beneficial to the planet. Batteries, and EVs are a good start, this stops ICE generated pollutants from entering the atmosphere. But this also depends on green/clean ways of mining the necessary resources, manufacturing the batteries and EVs, and providing the power to charge the batteries.

And I most certainly agree that adoption of batteries and EVs will most likely be cost-based for most customers.

To me, LFTR technology seems the best proposition for cheap, abundant, clean electrical power to recharge the batteries in the billions of EVs that one day will be running on our streets.

We may all be well-intentioned, but not many of us are willing to take a step that will cost more money to get the same personal result—i.e. getting from point A to point B In reasonable time, with minimum effort, and not changing too much from the current way we do it.

Talga is on the right path in mining Graphite in an environmentally friendly way and improving battery technology to help this aim.

When EVs:

• cost about the same to buy as a vehicle with an ICE,
• cost about the same to run, and
• provide at least the same experience (as in range and time to re-charge).

Then adoption of EVs will increase, regardless of what any politicians debate.

I am sorry that the rules were not followed for the third time. I have registered and saved it too. I am of the opinion that even controversial topics must be able to endure the cohesion of a group, as long as people treat each other with respect. If it should become borderline, we still have the bar or HC as an alternative for such topics. Let's just be attentive to each other, then we'll see more together.

 

[cosors]

I find it interesting that the person featured in the articles today is the one who made the bold move to Norrbotten. Read the first post in this thread and see the first photo. I think he and his wife have settled in well. It is the people that make this possible! My thanks to Mariana and Hugo!

 

[cosors]

"...
In Kiruna municipality, two mines are in the starting blocks, Viscaria and Nunasvaara outside Vittangi.
They are in environmental review so I have to stay dressy neutral to those environmental reviews. There are two minerals involved, graphite, which will be used for car batteries, and copper, which are two minerals that we need very much. It has to be done and it is a land issue, also in relation to Sami interests, so we have to be very careful.
..."
Only an excerpt and without reference to preserve copyright and prevent trouble. Just take it as my statements.

 

[freewind]

Do you have any idea why the ABB FEED study has not been published yet? The promised date was actually June 2022.

 

[cosors]

Addendum:

Foxconn unveils three new EV prototypes​

October 18, 2021

 

[cosors]

Because it occurred to me today and Foxconn is an awakening giant.

 

[WheresTheMonkey]

Do you have any idea why the ABB FEED study has not been published yet? The promised date was actually June 2022.

If you read the announcement about it you will find that there was no promise that it would be published so don't be surprised if it isn't

Here is the extract from the June "Anode Project Development" Announcement. I think the second Worley study might be released to boost ("support") the SP and help funding as it is critical to finalising what production costs will be and the Capex.

Front End Engineering and Design
Following completion of the Detailed Feasibility Study (“DFS”) (ASX:TLG 1 July 2021), Talga has been working with Project partners to complete front-end engineering and design ("FEED") for the Vittangi graphite concentrator and anode production plant in Luleå. The FEED studies are scheduled for completion this month.

Value Engineering
Building on Project optimisation work completed to date by Talga, a formal value engineering process conducted with internationally renowned engineering firm Worley is underway and nearing completion. This optimisation process will refine costs and final equipment details, further enhancing the Project’s already exceptional potential to supply globally competitive green battery anode. The results will be used to support final funding packages in preparation for Project execution and commencement of commercial production in 2024.

 

[Coolbeans]

 

[luvlifetravel]

GREEN DAY:

Mark Thompson, commented: “We are pleased to see
SEK join a growing list of European financiers showing support for the Vittangi anode
project. This vote of confidence in the Project shows its critical role in Europe’s green
transition.

 

[WheresTheMonkey]

This is a really significant announcement when you look at what SEK does.

Here we go.................pick how much money you need and away you go

Apply Now

Offer | Svensk Exportkredit

We help you win more global business

www.sek.se

 

[JoMo68]

This is a really significant announcement when you look at what SEK does.

Here we go.................pick how much money you need and away you go

Apply Now

Offer | Svensk Exportkredit

We help you win more global business

www.sek.se

It’s interesting that it’s not considered to be a price sensitive announcement. I’ve given up trying to figure out what is and what isn’t considered to be price sensitive!

 

[cosors]

Not sensitive?! That was immediately my thought as well. Especially when you see that SEK wholly owned by the Swedish Government has an interest in financing the Vittangi (NS, NN, NE, NiS, NiN) project. As I said, I can interpret that as the Vittangi project being of national interest.

And from the Kiruna administration there is a positive evaluation to the court for the permit if we fulfill their conditions. These are groundwater, Sami, financial security, protection of species, dust, noise, vibration. If we meet the conditions or adjustments, and we are already meeting some of them, then for me that means a green light in court. In the end, an appeal can be filed, but it has to be well-founded because the administration has already evaluated the concerns and comes to the positive verdict. I just hope that Mitsui either plays along or the gap is filled in time, before the end of August. Once again such a surprise as with LKAB I do not need. Especially because that was just stupid or not communicated at all by Talga. They should have just written that LKAB has no money left because of their own major projects. So please please dear Talga board and MT, let us know roughly how you want to arrange the financing before Last Day of August.

 

[WheresTheMonkey]

Not sensitive?! That was immediately my thought as well. Especially when you see that SEK wholly owned by the Swedish Government has an interest in financing the Vittangi (NS, NN, NE, NiS, NiN) project. As I said, I can interpret that as the Vittangi project being of national interest.

And from the Kiruna administration there is a positive evaluation to the court for the permit if we fulfill their conditions. These are groundwater, Sami, financial security, protection of species, dust, noise, vibration. If we meet the conditions or adjustments, and we are already meeting some of them, then for me that means a green light in court. In the end, an appeal can be filed, but it has to be well-founded because the administration has already evaluated the concerns and comes to the positive verdict. I just hope that Mitsui either plays along or the gap is filled in time, before the end of August. Once again such a surprise as with LKAB I do not need. Especially because that was just stupid or not communicated at all by Talga. They should have just written that LKAB has no money left because of their own major projects. So please please dear Talga board and MT, let us know roughly how you want to arrange the financing before Last Day of August.

"So please please dear Talga board and MT, let us know roughly how you want to arrange the financing before Last Day of August."

I get the impression that that is exactly what they are doing right now. We are being "softened up" for a Mitsui withdrawal in relation to funding. This announcement plus the Announcement 14 June 2022 which stated...

Funding Update
As part of progressing Project financing discussions, Talga is engaging with a number of export credit agencies, multilateral agencies, and international banks focussed on the battery value chain.

Not sure broad announcements will be enough. Then again we probably wont see concrete funding announcements until lenders know that TLG has customers (Offtakes) and of course permits

 

[cosors]

"So please please dear Talga board and MT, let us know roughly how you want to arrange the financing before Last Day of August."

I get the impression that that is exactly what they are doing right now. We are being "softened up" for a Mitsui withdrawal in relation to funding. This announcement plus the Announcement 14 June 2022 which stated...

Funding Update
As part of progressing Project financing discussions, Talga is engaging with a number of export credit agencies, multilateral agencies, and international banks focussed on the battery value chain.

Not sure broad announcements will be enough. Then again we probably wont see concrete funding announcements until lenders know that TLG has customers (Offtakes) and of course permits

These are all just hints. It is my fear that it will remain with these vague hints and loose expressions of interest of which the one from the Swedish bank sounds very interesting to me. I don't know if this is common practice with Australian mining companies. I was thinking more of a rough plan showing the different items. The mine will cost us so much, these are roughly the sub-items and how do we want to finance it with these partners or in this way. We want to fill the gaps in this way. If they already know something concrete, then state it. And then also for the factory, the security for the mine and maybe other development costs. I mean a rough financing overview for investors so that you don't have to fantasize about it yourself from clouds of hints. Right now we don't know anything concrete. And will there be an update on DFS because of NE if the crusher has to be relocated? Do you know of any examples of other miners who have shown this to be the case at the start of the project after DFS and standing funding. Is this common or uncommon?

I'm also giving a hint of what I'm not really happy with in general. Nothing new. In my newspaper there is an article about the departure of LKAB. In the interview they clearly state their reasons of which we have never "officially" heard anything. These not bad reasons need not have been hidden. The article ends with the journalist stating that he also wants to ask Talga about this issue. The follow-up article did not take place.

I am just a small fish. And I can't imagine that the big predators above me will get fed up with these hints.

Don't get me wrong. I'm more confident than ever!

 

[WheresTheMonkey]

These are all just hints. It is my fear that it will remain with these vague hints and loose expressions of interest of which the one from the Swedish bank sounds very interesting to me. I don't know if this is common practice with Australian mining companies. I was thinking more of a rough plan showing the different items. The mine will cost us so much, these are roughly the sub-items and how do we want to finance it with these partners or in this way. We want to fill the gaps in this way. If they already know something concrete, then state it. And then also for the factory, the security for the mine and maybe other development costs. I mean a rough financing overview for investors so that you don't have to fantasize about it yourself from clouds of hints. Right now we don't know anything concrete. And will there be an update on DFS because of NE if the crusher has to be relocated? Do you know of any examples of other miners who have shown this to be the case at the start of the project after DFS and standing funding. Is this common or uncommon?

I'm also giving a hint of what I'm not really happy with in general. Nothing new. In my newspaper there is an article about the departure of LKAB. In the interview they clearly state their reasons of which we have never "officially" heard anything. These not bad reasons need not have been hidden. The article ends with the journalist stating that he also wants to ask Talga about this issue. The follow-up article did not take place.

I am just a very small fish. And I can't imagine that the big predators above me will get fed up with these hints.

Don't get me wrong. I'm more confident than ever!

In Oz we have Export Finance Australia which is roughly the same as the Swedish version announced the other day.

2 February 2022
Renascor is pleased to announce that the Australian Government, through Export Finance Australia (EFA), has conditionally approved an A$185 million loan facilityto support the development of the Siviour Graphite Project in South Australia.

3 March 2022
Export Finance Australia has confirmed it will consider supplying a loan to EcoGraf (EGR) for its new US$72 million development

TLG naturally fails to qualify for this

TLG have plenty of options. More so than a company in Oz. You guys have the weight of the Euro and the populace's complete hysteria increasing concerns about climate change.

 

[cosors]

In Oz we have Export Finance Australia which is roughly the same as the Swedish version announced the other day.

2 February 2022
Renascor is pleased to announce that the Australian Government, through Export Finance Australia (EFA), has conditionally approved an A$185 million loan facilityto support the development of the Siviour Graphite Project in South Australia.

3 March 2022
Export Finance Australia has confirmed it will consider supplying a loan to EcoGraf (EGR) for its new US$72 million development

TLG naturally fails to qualify for this

TLG have plenty of options. More so than a company in Oz. You guys have the weight of the Euro and the populace's complete hysteria increasing concerns about climate change.

Thanks for the info. And now I finally know what Oz stands for Since you mention Ecograf, I don't know if it matters but I posted here on tse at EGR that their plant at NV is history. Stumbled across it.

Yes Funding. That really looks like a lot of options. But that's why they have the second financial advisor now and they seem to be specialized.

Another question. I assume that deposited collateral is normal in mining. Do I mean some kind of cash deposit or something to be liquidated or rather insurance? I think the collateral we are asking for is about how damages will be paid in the event of a dam failure?