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1. voda 21 februari 2022 16:03

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   Zuid-Afrikaanse mijnbouwer keert bijna €5 mrd aan dividend uit
   Van onze redacteur 15:55
   
   Rusland is 's werelds grootste producent van palladium Foto: Andrey Rudakov/Bloomberg
   
   De aandeelhouders van Anglo American Platinum (Amplat) profiteren mee van de sterk gestegen prijzen van palladium en rodium. De Zuid-Afrikaanse onderneming maakte maandag bekend dat ze 80 miljard rand (€4,65 mrd) aan dividend uitkeert. Daar profiteert de Britse mijnbouwgigant Anglo American, die een belang van 79% bezit, het meest van.
   
   De prijzen van palladium en rodium zijn opgelopen door de grote vraag vanuit de auto-industrie. Autofabrikanten gebruiken deze edelmetalen in katalysatoren om de uitstoot van schadelijke gassen terug te dringen. De metalen zijn nota bene een nevenactiviteit: het zijn bijproducten van de winning van platina, waarvan Amplat 's werelds grootste producent is. Maar ook dit edelmetaal is in trek. Daarom is besloten om er meer van te verwerken uit de voorraden, wat afgelopen jaar leidde tot een recordwinst.
   
   Potentie van waterstoftrucks
   De dividenduitkering komt neer op 100% van de winst die het bedrijf vorig jaar boekte, exclusief eenmalige posten. Amplat temperde wel de verwachtingen. De recordprijzen van vorig jaar zullen dit jaar niet worden gehaald. In mei vorig jaar piekten de prijzen en zakten daarna behoorlijk in, maar vanaf half december is er weer een flinke stijging te zien.
   
   Voor de middellange termijn zijn de vooruitzichten nog altijd goed, stelde Amplat-ceo Natascha Viljoen tegenover financieel persbureau Bloomberg. Hoewel de groei van het aantal elektrische auto's de vraag weliswaar zal drukken, zullen meer metalen worden gebruikt om de uitstoot van vrachtwagens te verlagen. Viljoen wees op de potentie van vrachtwagens die op waterstof gaan rijden. Daarnaast hebben autofabrikanten de afgelopen anderhalf jaar de productie van gewone brandstofauto's moeten beperken door een tekort aan halfgeleiders.
   
   Dreigende tekorten
   De prijs van palladium kan op korte termijn een impuls krijgen als Rusland zijn buurland Oekraïne binnenvalt. Zuid-Afrikaanse producenten kunnen het gat niet dichten als Rusland, 's werelds grootste producent van palladium, als leverancier wegvalt. Amplat-ceo Viljoen erkende dat ook maandag. 'Ik denk niet dat we zo snel op geopolitieke gebeurtenissen kunnen reageren. Dat zou alleen kunnen als we nog ergens over een grote voorraad zouden beschikken, maar die zie ik niet.' Tot dusver is de levering van palladium vanuit Rusland niet verstoord en ontkent het land plannen te hebben om Oekraïne binnen te vallen.
   
   De prijsstijgingen van metalen die zijn gerelateerd aan de winning van platina, trekken overigens ook dieven aan. Die snijden de katalysatoren onder auto's weg om vooral palladium, een blauwachtig wit metaal, weer elders te kunnen slijten. In Nederland is veelvuldig bericht over de aantrekkingskracht van de Toyota Prius, die beschikt over een katalysator waarin relatief veel palladium is verwerkt.
   
   Lees het volledige artikel: fd.nl/financiele-markten/1430970/zuid...
2. voda 23 februari 2022 07:26

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   Arch Resources Reports Fourth Quarter 2021 Results
   
   Strategic Research Institute
   Published on :
   23 Feb, 2022, 5:30 am
   
   St Louis US headquartered Arch Resources Inc has reported net income of USD 226.6 million in the fourth quarter of 2021, compared with a net loss of USD 78.5 million. Arch CEO & President Mr Paul A Lang said "As we reflect on 2021, we are incredibly proud of the progress the team has made to transform the company and set the stage for long-term growth and value creation. We have dramatically enhanced our core metallurgical portfolio with the on-time and on-budget startup and successful ramp of Leer South, and taken significant steps to enhance the value of our legacy thermal assets by locking in a highly advantageous book of contract business, shrinking the company's thermal operating footprint, and setting in motion the pre-funding of Arch's long-term thermal mine closure obligations."
   
   Mr Paul A Lang said "As we progress into 2022, the stage is set for even greater advances on our strategic priorities. With our world-class asset base, top-tier marketing and logistics expertise, and high-performing workforce, Arch is exceptionally well-positioned to capitalize on expanding global steel demand and the buildout of a new, low-carbon economy. We look forward to putting these strengths to work to generate substantial, long-term value for all Arch stakeholders while continuing to build on our industry-leading ESG performance."
3. voda 23 februari 2022 07:26

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   BHP's Economic & Commodity Outlook
   
   Strategic Research Institute
   Published on :
   23 Feb, 2022, 5:30 am
   
   BHP Vice President Market Analysis & Economics Dr Huw McKay said “Six months ago1, at the time of our full year results for the 2021 financial year, we reported markedly improved operating conditions for the majority of the portfolio. Those commodities that had performed strongly in calendar 2020 had built on that momentum. Those that had lagged somewhat in calendar 2020 were showing clear signs of entering a recovery phase. As a result, most of our major commodities were trading at prices that were close to, or above, our estimates of long term equilibrium. As we release half year results for the 2022 financial year today, developments over the last six months make it more difficult to generalise about the portfolio in a narrative sense. The half year was characterised by (yet more) extraordinary volatility, but instead of a shared, albeit staggered recovery pattern, highly idiosyncratic trends have emerged within the energy and non–ferrous commodity clusters, as well as within the steel making raw materials complex. Nevertheless, and the aforementioned volatility notwithstanding, the statement that “most of our major commodities are trading at prices that are close to, or above, our estimates of long term equilibrium”, is still, remarkably, absolutely valid.”
   
   Dr McKay said “For the 12 months ahead, we assess that weighted directional risks to prices across our diversified portfolio are tilted modestly downwards, a view that relies in part on the elevated price deck we face in many commodities at the outset of this calendar year, and a general belief that the most severe supply disruptions will ease, progressively, as the year unfolds – weather, COVID–19 and policy permitting. That said, very short term downside is arguably limited, with operating cost curves having moved higher and steepened in the midst of the global inflation shock. This has raised real–time price support above pre–pandemic levels in many of the commodities in which we operate. We expect the demand–supply balance to remain relatively tight in both copper and nickel. Iron ore moved into surplus in the second half of calendar 2021, and, on balance, is likely to remain in that state across calendar 2022. We see no clear directional bias for oil prices from current elevated levels, while LNG prices are more likely to move lower than to sustain (or set new) all–time highs. Metallurgical coal prices have also achieved all–time records on multi–regional, multi–causal supply disruptions. The degree to which these ease, and by when, is the key swing factor for the coming year. Potash seems poised at the crest of its stunning bull wave, driven by strikingly positive downstream fundamentals at a time of both constrained and uncertain supply.”
   
   Dr McKay added “There is obviously still some residual uncertainty as to how vaccine deployment and the policy and behavioural response to the newer, highly transmissible strain of COVID–19 will interact over the coming quarters. There is also a higher level of macro complexity to deal with than in the recent past, as the world’s two major systemic growth engines – the US and China – adopt diametrically opposite counter–cyclical policy stances. So while the “uncertainty discount” in the risk appetite of households and businesses we have noted in previous communications is definitely fading, it is doing so in uneven fashion across the world, and new vectors of uncertainty have arisen, such as the situation in Ukraine.”
4. Zwitserleven 23 februari 2022 10:55

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   Rio Tinto announces record financial results and total dividend of 1,040 US cents per share for 2021, a 79% payout 23 February 2022
   
   Key financial highlights
   • $25.3 billion net cash generated from operating activities was 60% higher than 2020 driven by higher prices. This flowed through to 88% higher free cash flow1 of $17.7 billion, which included a 19% rise in capital expenditure to $7.4 billion.
   • $21.1 billion of net earnings, 116% higher than 2020, reflected the higher prices, the impact of closure provision increases at Energy Resources of Australia (ERA) and other non-operating sites, $0.5 billion of exchange and derivative gains and $0.2 billion of impairments2. Effective tax rate on net earnings of 27.7% compared with 33.1% in 2020.
   • $37.7 billion underlying EBITDA1 was 58% above 2020, with an underlying EBITDA margin1 of 57%. • $21.4 billion underlying earnings1 (underlying EPS1 of 1,321.1 US cents) were 72% above 2020 with a 28.0% effective tax rate on underlying earnings1, compared with 29.5% in 2020.
   • $1.6 billion of net cash1 at year end, compared with net debt1 of $0.7 billion at the start of the year, reflected the free cash flow1 of $17.7 billion, partly offset by $15.4 billion of cash returns to shareholders. • $16.8 billion full-year dividend, equivalent to 1,040 US cents per share and 79% of underlying earnings, includes $6.7 billion record final ordinary dividend (417 US cents per share) and $1.0 billion final special dividend (62 US cents per share) declared today.
   $16.8 billion* of dividends declared for 2021: payout ratio averages 74% over past six years
   
5. voda 24 februari 2022 09:27

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   Stanmore Update on Acquisition of 80% Interest In BHP BMC
   
   Strategic Research Institute
   Published on :
   24 Feb, 2022, 5:30 am
   
   Stanmore Resources Limited had executed a definitive agreement with BHP Minerals Pty Ltd in November 2021 to acquire BHP's 80% interest in BHP Mitsui Coal Pty Ltd. The Acquisition is expected to complete mid-CY2022, following the satisfaction of certain conditions precedent. One of the outstanding conditions is the approval of the Acquisition by shareholders of PT Dian Swastatika Sentosa Tbk, a major shareholder of Golden Energy and Resources Limited. The Extraordinary General Meeting of Shareholders has been postponed by DSS to a new date to be announced by DSS. Stanmore will provide an update once the new date of the meeting is known.
   
   Stanmore anticipates all the remaining conditions precedent, being DSS Shareholder approval, FIRB approval and a final overseas merger control clearance to be satisfied this month.
6. voda 24 februari 2022 09:27

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   Yinhawangka People & Rio Tinto Agree on Heritage Plan
   
   Strategic Research Institute
   Published on :
   24 Feb, 2022, 5:30 am
   
   Yinhawangka Aboriginal Corporation & Rio Tinto have agreed on a new co-designed management plan to ensure the protection of significant social and cultural heritage values as part of Rio Tinto’s proposed development of the Western Range iron ore project in the Pilbara region of Western Australia. The Social, Cultural Heritage Management Plan is the result of strong collaboration over the past year between the Yinhawangka people and Rio Tinto including ‘on-Country’ visits, archaelogical and ethnographic surveys and workshops. As a result of that collaboration, the mine was designed to reduce impacts on social and cultural heritage values.
   
   The SCHMP outlines protocols for joint decision making on environmental matters, mine planning and closure. It also outlines support for the Yinhawangka Ranger programme as well as plans to increase participation in on-Country environmental and other cultural heritage management activites.
   
   It is the first time Rio Tinto and Yinhawangka have jointly developed a plan of this type. Rio Tinto continues work to improve its approach to social and cultural heritage management with Traditional Owners in the Pilbara and is engaging with other Traditional Owner groups to develop similar plans.
   
   The SCHMP was submitted to Western Australia’s Environmental Protection Authority on 1 February 2022. It forms part of Rio Tinto’s submission to the EPA regarding the Greater Paraburdoo Iron Ore Hub Proposal.
7. voda 28 februari 2022 05:50

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   Vale Resumes Operations Totten Nickel Mine
   
   Strategic Research Institute
   Published on :
   28 Feb, 2022, 5:30 am
   
   Vale announced that Totten Mine has safely resumed operations and is ramping up production, following the safe extraction of a scoop bucket and shaft repairs. Production at Totten Mine was halted last year after a scoop bucket became lodged in the main shaft. Thirty-nine workers underground at the time were safely returned to surface via secondary egress. All of them are back to work, along with Totten Mine employees deployed to other locations during the disruption.
   
   The interruption at Totten mine was already considered in our planning and, therefore, caused no impact to our nickel production guidance of 175kt-190kt for 2022.
8. voda 28 februari 2022 05:51

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   Rio Tinto Reports USD 37.7 Billion EBIDTA for 2021
   
   Strategic Research Institute
   Published on :
   28 Feb, 2022, 5:30 am
   
   Rio Tinto Chief Executive Mr Jakob Stausholm said "The recovery of the global economy, driven by industrial production, resulted in significant price strength for our major commodities, which we were able to capture, achieving record financial results with underlying earnings of USD 21.4 billion. With the launch of our new strategy, we have set a new direction for Rio Tinto to thrive in a decarbonizing world. We have a portfolio that is well positioned, and are targeting disciplined investment in commodities that will see strong demand in the coming decades. Our agenda is an ambitious, multi-year journey which we are determined to deliver and we have already taken the first steps, with underground operations under way following the Oyu Tolgoi agreement and a binding agreement to acquire the Rincon lithium project in Argentina. We continue to evolve and deepen the way we engage and interact with all stakeholders as we work hard to generate and strengthen relationships wherever we operate. Our actions will ensure we continue to deliver attractive returns to shareholders, invest in sustaining and growing our portfolio, and make a broader contribution to society, particularly in relation to the drive to net-zero carbon emissions."
   
   ------------
   
   Highlights
   
   ------------
   
   Consolidated sales revenue– USD 63,495 million, up 42% YoY
   
   Underlying EBITDA– USD 37,720 million, up 58% YoY
   
   Profit after tax – USD 21,094 million, up 116% YoY
9. voda 4 maart 2022 06:37

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   Tasmania & Rio Tinto Join Hands for Bell Bay Aluminium Smelter
   
   Strategic Research Institute
   Published on :
   04 Mar, 2022, 5:30 am
   
   The Tasmanian Government and Rio Tinto will work together to ensure a strong and sustainable future economy for George Town, the Tamar Valley region and Tasmania, in a new partnership signed at the Bell Bay Aluminium smelter. The partnership will seek to drive economic growth and employment outcomes in the State and support the Tasmanian Government’s target of doubling renewable electricity generation by 2040.
   
   Under the Memorandum of Understanding, the Tasmanian Government and Rio Tinto will jointly investigate how the smelter’s manufacturing capability and electricity demand can help support the development of new industries and more renewable energy supply in the region.
   
   Rio Tinto has also committed to look at how it could further decarbonise Bell Bay Aluminium and investigate options for future investment to secure the competitiveness of the smelter.
10. nine_inch_nerd 8 maart 2022 14:45

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    Chile edges closer to nationalizing copper, lithium
    
    Lithium names fell in Monday's trading after Chile's constituent assembly, in charge of writing the country's new Constitution, approved an early-stage proposal that would open the door to nationalizing some of the world's biggest copper and lithium mines, Mining.com reports.
    
    SQM started the day at a 52-week high but closed -7.8%; also LIT -5.1%, ALB -3.9%, LAC -3.9%, LTHM -2.3%; among copper stocks, FCX -5.9%, SCCO -3%.
    
    The motion by the environmental committee, which met over the weekend for the first time, received 13 votes in favor with three against and three abstentions.
    
    The proposal, which targets mostly large-scale mining of copper, lithium and gold, has not yet been approved by two-thirds of the full assembly to become part of Chile's new charter, which will be voted on in a national referendum later this year.
    
    Chile is the world's top copper producer and host to the two biggest lithium miners, and is rewriting its Constitution to replace a market-centric document.
    
    Lithium Americas said a week ago that it was considering a potential separation of its U.S. and Argentina operations.
11. voda 10 maart 2022 07:35

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    BHP Acquires Stake in Filo Mining
    
    Strategic Research Institute
    Published on :
    10 Mar, 2022, 5:30 am
    
    Australian mining giant BHP will invest CAD 100 million in Vancouver-based Canadian miner Filo Mining, which is developing a copper-gold-silver project straddling the border between Argentina and Chile. Filo Mining would issue 6.27-million common shares in a private placement to BHP at CAD 15.95 a piece, representing a 12% premium to the 20-day volume-weighted average trading price. Once the private placement is completed, which is expected to happen on or before March 11, BHP will own about 5% of Filo Mining and will be granted certain participation and top-up rights. Filo Mining plans to use the funds for further exploration and development of its Filo del Sol project.
    
    According to Lundin Mining Corp., Filo Mining’s majority owner, the project is expected to be an operation of equal size or bigger that its Candelaria mine in Chile. Chairman Lukas Lundin has said that building Filo del Sol will cost between CAD 4-5 billion.
    
    Filo Mining, and its predecessors, have been exploring at Filo del Sol since the 1999-2000 field season. Work has been limited to the summer season, typically between November and April. Based on the latest figures released by the company, the Filo del Sol project will have an estimated after-tax value of CAD 1.28 billion, with an internal rate of return of 23%. The asset is expected to produce an annual average of 67,000 tonnes of copper, 159,000 ounces of gold and 8.65 million ounces of silver.
12. voda 11 maart 2022 07:27

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    Sandvik Launches Battery-Electric Truck for Underground Mining
    
    Strategic Research Institute
    Published on :
    11 Mar, 2022, 5:30 am
    
    Sandvik has introduced a large-capacity battery-electric truck for underground mining. Offering a 65 tonne payload capacity, the Sandvik TH665B prototype is currently completing factory testing in California in the US. The finalisation of the trial agreement with mining services company Barminco and gold miner AngloGold Ashanti Australia would soon see the truck trialled at the Sunrise Dam gold mine, in Western Australia. The aim of the trial is to prove the Sandvik TH665B’s viability in a long ramp haulage application before commercial production of the truck starts in late 2023. The Sandvik TH665B is engineered to improve productivity, sustainability and cost efficiency in bulk mining operations
    
    The TH665B blends Sandvik’s designs and advanced technology, built around electric drivelines and battery systems. Owing to its efficient electric driveline, a fully loaded Sandvik TH665B is expected to be up to 30% faster on a 1:7 ramp than a comparable conventional diesel underground truck. Each of the truck’s four wheels is equipped with an independent drive, resulting in a simpler driveline, improved overall efficiency and maximum power output. The TH665B’s electric drivetrain delivers 640 kW of continuous power, enabling it to achieve high acceleration and fast ramp speeds.
    
    The new truck is equipped with Sandvik’s patented self-swapping system, including the AutoSwap and AutoConnect functions, which enable quick and easy battery swap in a matter of minutes without any major infrastructure required, such as overhead cranes or other heavy handling equipment. The TH665B also features a new battery-lifting system for improved reliability. Sandvik said it had redesigned the battery cage design to improve serviceability, enabling battery module changes without the need to remove the battery packs from the cage for services.
    
    The new truck operator cabin uses the same design as the cabin of Sandvik’s Toro TH663i underground truck, offering premium operator ergonomics with a significant number of adjustment possibilities. The cabin is also equipped with joystick steering, a large touchscreen colour display and the newest control system, providing easy access to equipment data.
    
    Finally, the central oscillation frame design results in stability, while the front axle suspension ensures a smoother ride.

    Bijlage:
13. voda 14 maart 2022 06:53

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    Rio Tinto to Sever Ties with Russian Businesses
    
    Strategic Research Institute
    Published on :
    14 Mar, 2022, 5:30 am
    
    Rio Tinto is severing its ties with Russia, throwing into doubt an aluminium joint venture between it and Rusal, which is founded by oligarch Mr Oleg Deripaska. Rio Tinto said “It is in the process of terminating all commercial relationships it has with any Russian business.”
    
    Rio is reviewing its joint venture with Rusal in Queensland Alumina Ltd which runs an alumina refinery in Gladstone. QAL is 80% owned by Rio and 20% by Rusal, where Mr Deripaska continues to hold a stake through their London-listed parent company, EN+ Group.
    
    Production capacity - 4,000,000 tonnes of alumina
    
    Production share - 619 tonnes of alumina (RUSAL's share)
    
    Production technology - The Bayer process
    
    Headcount - 1,150 people
    
    Mr Deripaska and EN+ were among the oligarchs and companies sanctioned in 2018 by the US government over issues including the invasion of Crimea in 2014.
14. voda 14 maart 2022 06:57

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    Global Miners Cutting Ties with Russia
    
    Strategic Research Institute
    Published on :
    14 Mar, 2022, 5:30 am
    
    Mining companies with ties to Russian businesses are severing relations in the aftermath of Russia's invasion of Ukraine. Summary of such announcements is as under
    
    RIO TINTO is cutting all ties with Russian businesses, including fuel and other materials' sources for its Mongolian copper operations at Oyu Tolgoi, where possible, and the use of an alumina refinery in Ireland. Rio Tinto, (RIO.AX) has a joint venture with Rusal International PJSC, holding 80% of Queensland Alumina Ltd, Australia's second-largest refinery processing alumina, the chemical compound that contains aluminium. Rusal owns the remaining 20%. Being the majority stakeholder in the joint venture may make it more difficult for Rio to relinquish its ties with Rusal. Rio Tinto also has a supply and offtake contract with Rusal Aughinish, Europe's largest alumina refinery in Ireland, which it is also looking to halt.
    
    GLENCORE has a 10.5% stake in EN+ Group, which it said last week it is reviewing as well as its 0.57% stake in oil giant Rosneft.
    
    KINROSS GOLD is suspending its Russian operations, including its Udinsk development project and its Kupol mine in northeastern Russia.
    
    BHP GROUP said it does not sell into Russia, nor does it have any investments or commercial arrangements in Russia or with Russian organisations.
    
    ANGLO AMERICAN said that it has no operations or offices in Russia, but it is assessing any commercial relationships with Russian businesses to ensure we make the right decisions.
15. voda 14 maart 2022 08:35

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    Miljardenzet op koper en goud
    
    De mijnreus Rio Tinto lanceert een bod op de Canadese mijngroep Turquoise Hill TRQ -2,52% tegen 34 Canadese dollar cash per aandeel. Dat is een premie van 32 procent op de slotkoers van maandag.
    
    Rio Tinto bezit reeds 49 procent van Turquoise Hill en het bod slaat dus op de aandelen die het nog niet in bezit heeft. Het bod is goed voor 2,7 miljard dollar.
    
    Turqoise Hill baat de Oyu Tolgoi-mijn uit in Mongolië, een van de grootste koper- en goudmijnen in de wereld.
    
    www.tijd.be/markten-live/live-blog/ch...
16. nine_inch_nerd 14 maart 2022 13:00

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    Electra Extends Cobalt and Copper
    Mineralization at Idaho Project
    Electra Battery Materials Corporation (TSX-V: ELBM; OTCQX: ELBMF) (“Electra”) is pleased to announce that drill results to the west of its Iron Creek cobalt-copper project has successfully extended mineralization by 130 metres along strike and by 110 metres at depth.
    
    HIGHLIGHTS
    
    Iron Creek is a high grade cobalt-copper underground deposit located on private land within the Idaho Cobalt Belt, an underexplored and highly prospective cobalt and copper belt extending 60 kilometers along strike that could help America reduce reliance on foreign supply of a mineral that is critical to the electric vehicle revolution
    Broad widths of copper mineralization continue to be intercepted along with high grade cobalt intercepts (all widths reported are true widths)
    29m of 0.70% Cu, including 0.51% Co over 1.5m and 2.19% Cu over 3m
    25m of 0.63% Cu, including 0.27% Co over 1.2m and 1.72% Cu over 3.7m
    17m of 0.42% Cu, including 2.18% Cu over 1.5m
    Cobalt mineralization in the footwall area of the deposit indicate that lenses of high-grade cobalt mineralization remain open at depth
    Extends known strike extent from 900m to over 1 kilometer, with mineralization open along strike and not offset by faulting; mineralization also extended by 110 metres at depth, with multiple high-grade copper lenses in the hangingwall
    Awaiting drill results from the eastern extension of the deposit, where higher grade cobalt mineralization is frequently encountered
    
    
    www.newswire.ca/news-releases/electra...
17. nine_inch_nerd 15 maart 2022 08:51

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    Afsplitsing Ni sectie Ecograf
    
    Innogy Demerger to Unlock Shareholder Value
    Nickel Focussed Battery Cathode Minerals Company to List on Australian Securities Exchange
    
    Diversified battery anode materials company EcoGraf Limited Diversified battery anode materials company EcoGraf Limited (EcoGraf or the Company) (ASX: EGR; FSE:FMK; OTCQX: ECGFF) is pleased to announce plans to unlock shareholder value through the demerger and Initial Public Offering (IPO) of battery cathode minerals subsidiary, Innogy Limited (Innogy).
    
    Highlights
    Largest nickel exploration tenement package in Tanzania totalling 4,600km2
    Located in one of the world’s most exciting nickel regions, including 140km of continuous strike length in the Karagwe-Ankole Belt, which hosts the world class Kabanga Nickel Project
    Transaction unlocks shareholder value in the Company’s extensive nickel database comprising geological mapping, geophysical surveys, geochemical analysis and exploration drilling acquired over the last 10 years
    New nickel focussed battery mineral business provides EcoGraf shareholders with unique exposure to both anode and cathode battery minerals required by a global battery market forecast to expand at >30% per year to 2030
    EcoGraf to retain cornerstone Innogy shareholding and EcoGraf shareholders to receive a Priority Offer of new Innogy shares
    Innogy to leverage EcoGraf’s extensive Tanzanian operating experience and established relationships with electric vehicle and lithium-ion battery manufacturers
    The global transition to electric vehicles and clean energy is driving increasing demand for long-term supplies of sustainably produced battery minerals
    Nickel price at all time highs due to tightening supply and increasing demand
    Over the last decade, EcoGraf has established a unique vertically integrated battery anode material business based on the early exploration success and discovery of its mineral deposits in Tanzania, and the application of its EcoGraf™ HFfree processing technology to produce environmentally superior high quality graphite products.
    
    In the course of developing its battery anode material business, the Company has leveraged off its extensive database of nickel exploration opportunities in Tanzania, which it has utilised during the last two years to assemble a vast nickel exploration tenement package totalling 4,600km2, including 140km continuous strike length in the Karagwe-Ankole Belt, which hosts the world class Kabanga Nickel Project in northern Tanzania, the largest development ready high-grade nickel sulphide deposit in the world.
    
    www.ecograf.com.au/wp-content/uploads...
18. voda 21 maart 2022 07:55

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    •    voda

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    Rio Tinto Proposal to Acquire Turquoise Hill
    
    Strategic Research Institute
    Published on :
    21 Mar, 2022, 5:30 am
    
    Rio Tinto has made a non-binding proposal to the Turquoise Hill Board to acquire the approximately 49% of the issued and outstanding shares of Turquoise Hill that Rio Tinto does not currently own. Under the terms of the Proposed Transaction, Turquoise Hill minority shareholders would receive C$34 in cash per Turquoise Hill share, representing a premium of 32% to Turquoise Hill’s last closing share price on the Toronto Stock Exchange. This proposal would value the Turquoise Hill minority share capital at approximately US$2.7 billion.
    
    The Proposed Transaction follows the recent comprehensive agreement reached between Rio Tinto, Turquoise Hill and the Government of Mongolia to move the Oyu Tolgoi project forward, reset the relationship between the partners and approve commencement of underground operations. It would simplify the Oyu Tolgoi ownership structure, strengthen Rio Tinto’s copper portfolio, and reinforce its long-term commitment to Mongolia. In addition, the Proposed Transaction provides Turquoise Hill minority shareholders with the ability to realise compelling, immediate and certain value for their shares at a time when uncertainties inherent in the development of the underground operations and funding of such development remain.
    
    Rio Tinto looks forward to working constructively with the Turquoise Hill Board to progress the Proposed Transaction. Should Turquoise Hill investors not accept the Proposed Transaction, Rio Tinto welcomes their continued investment and equal share of future risks and funding obligations.
    
    Rio Tinto’s proposal to the Turquoise Hill Board will be filed promptly with the Securities and Exchange Commission in accordance with applicable laws and regulations in the United States. The Proposed Transaction, which is expected to be conducted by way of a Canadian plan of arrangement, will be subject to customary closing conditions, including approval by a majority of the votes cast by Turquoise Hill minority shareholders. The Proposed Transaction is not subject to any financing condition or due diligence.
    
    No agreement has been reached between Rio Tinto and Turquoise Hill, and there can be no assurance that any transaction will result from these discussions. Even if a transaction is agreed, there can be no assurances as to its terms, structure or timing.
    
    Given Rio Tinto’s approximately 51% ownership in Turquoise Hill, the Proposed Transaction will be required to follow the rules set out in Canadian Multilateral Instrument 61-101 – Protection of Minority Shareholders in Special Transactions. This will require, among other things, a Special Committee of the Turquoise Hill Board, which will not include any Rio Tinto nominees, to assess the terms of the Proposed Transaction. As part of that assessment the Special Committee will need to obtain a formal valuation of the common shares in Turquoise Hill by an independent valuator.
19. voda 22 maart 2022 07:06

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    Rio Tinto Ends Force Majeure at Richards Bay Minerals
    
    Strategic Research Institute
    Published on :
    22 Mar, 2022, 5:30 am
    
    Rio Tinto has announced that force majeure on customer contracts at Richards Bay Minerals in South Africa has ended. Force majeure commenced on 30 June 2021 following deterioration in the security situation around the mine.
    
    Rio Tinto chief executive Minerals Sinead Kaufman said “This marks an important moment in RBM’s recovery since the halt in operations last year. We must all remain vigilant and continue to strengthen our partnership with government and community stakeholders. I would also like to acknowledge the hard work of our people to ensure that RBM can continue to deliver for its customers, communities and shareholders.”

    Bijlage:
20. voda 23 maart 2022 07:45

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    TMC & Allseas Join to Collect Deep-Sea Polymetallic Nodules
    
    Strategic Research Institute
    Published on :
    23 Mar, 2022, 5:30 am
    
    Leading explorer of the world’s largest estimated undeveloped source of critical battery metals TMC the metals company Inc announced that its subsidiary NORI signed a non-binding term sheet with its strategic partner and shareholder, Allseas Group SA to develop and operate a commercial nodule collection system with a targeted production capacity of 1.3 million tonnes per annum of wet nodules and expected production readiness by Q4 2024.
    
    Since forging a strategic alliance in 2019, Allseas and TMC’s subsidiary NORI have been working together to develop a pilot collection system to recover polymetallic nodules from the seafloor in the NORI-D Area of the Clarion Clipperton Zone of the Pacific Ocean and transport the nodules to shore for processing using TMC’s near-zero solid waste flowsheet into battery metal precursor materials and manganese silicate product expected to be used in manganese alloy production for the steel industry. The pilot collection system, that includes the production vessel Hidden Gem on the surface, a collector robot on the seafloor and a riser that lifts nodules from the seafloor to the surface, is currently undergoing wet testing by Allseas in the Atlantic Ocean and is expected to be piloted in the NORI-D Area in the Pacific Ocean later this year.
    
    The parties expect that following the completion of the pilot tests in the Pacific Ocean, Allseas will promptly initiate the upgrade of the pilot collection system into a production-ready commercial system with a targeted production capacity of 1.3 Mtpa of wet nodules and initial use of five years prior to additional upgrades. The parties intend to co-finance in equal parts all costs required to get into production currently estimated to be less than EUR 100 million. Once in production and subject to Allseas achieving certain production targets, NORI expects to pay Allseas a nodule collection and transshipment fee, sufficient to cover Allseas’ operating expenses, Allseas’ share of upfront and CAPEX costs and a fee linked to the value of contained metals, currently estimated at ~EUR 150 per wet tonne of nodules in the first year of production and expected to be reduced by over 20% in the following years as Allseas scales production up to 1.3 Mtpa of wet nodules. The parties intend to further detail and revise these cost estimates in the definitive agreement expected no later than 31 December 2022 following the completion of the pilot collection tests. Both parties expect to see the per-tonne cost to further decrease from these estimates if Allseas scales production capacity of its surface production vessel by adding multiple collectors on the seafloor.
    
    Polymetallic nodules contain high grades of nickel, manganese, copper and cobalt, key metals required for building electric vehicle batteries, renewable energy technologies and steel for infrastructure. TMC’s nodule portfolio in the CCZ is estimated to be the world’s largest undeveloped single source of critical battery metals. The demand for these metals is surging and commodity prices for metals contained in nodules have all hit multi-year highs. TMC believes that upgrading the pilot nodule collection system into a production-ready collection system may allow NORI to significantly reduce capital requirements and shorten time to commercial production of the critical minerals required for the clean energy transition.
    
    Allseas and NORI also intend to investigate acquiring a second production vessel similar to the Hidden Gem, a Samsung 10000, that is expected to be engineered to a higher production rate of 3Mtpa of wet nodules. A higher-production rate system is expected to reduce the per tonne nodule collection cost significantly compared to the first production system that TMC and Allseas intend to develop and operate.