South32’s Post

#ASX #JORC #Copper by #projectstage Below is the amount of JORC by Project Stage in the ASX Resource sector. As we know NOT all projects make it to production. Total JORC of just over 33m tonnes of copper excluding Production. How much of this can we count going into Production, 10%? With MakCorp, see you has best grades, most resource, & compare by markets and project locations, plus a lot more Which ASX Resource company has the Copper by JORC?

#ASX #JORC #Copper by #projectstage Below is the amount of Copper JORC by Project Stage in the ASX Resource sector. As we know NOT all projects make it to production. Total JORC of just over 33m tonnes of copper excluding Production. How much of this can we count going into Production, 10%? With MakCorp, see you has best grades, most resource, & compare by markets and project locations, plus a lot more Which ASX Resource company has the Copper by JORC?

We have today entered into a binding agreement to sell Illawarra Metallurgical Coal to an entity owned by GEAR and M Resources, consistent with our strategy to reshape our portfolio toward commodities critical in the transition to a low-carbon future. With a total consideration of up to US$1.65 billion, this transaction will realise significant value for our shareholders, streamline our portfolio, strengthen our balance sheet and unlock capital to invest in our high-quality development projects in copper and zinc.   The transaction is expected to be completed in H1 FY25, subject to the satisfaction of certain conditions. GEAR and M Resources are established participants in the Australian metallurgical coal industry, with a strong commitment to environmental and safety standards, who are well positioned to continue Illawarra Metallurgical Coal’s contribution to the local steel industry and the Illawarra and Macarthur regions. See the full announcement here: https://lnkd.in/gz4B76EG

The divestment of IMC will be an unforgettable transaction for us at Tundra Resource Analytics. A significant transaction in size and impact and one where we were able to demonstrate the value, skill and agility of our team of resources. Where we showed the depth of expertise, rapid deployability, flexibility and collegiality of our team members. Where we made lots of friends at South32 Deloitte PwC GM³ and on site at Illawarra. And for me personally it will always be the transaction I was working on when my brother died. When I received the 'get.on.the.first.flight.home' call and walked away from one of the biggest projects of my career to date without a second thought. When I had the unequivocal support from our client to do so (cc Nick Trask). When the team at TUNDRA all chipped in to pick up my workload (particular shout out to Scott Jeffery who assumed a lot of my work responsibilities and all of my home responsibilities). Where some genuine professional highs were mixed with the worst personal lows I've ever experienced and then mixed again with the stunning beauty of all the love and support I've received since. I bring this up in light of #RUOKday. It's one thing to pay lip service to a (important) social media trend (R U OK?). But it's another to allow people to be NOT OK, to find out what support they need and to rally around them to provide that. Even when it inconveniences you. And then to welcome them back with trust and confidence. Which is what I've experienced and is the reason this transaction will always carry emotional weight for me in the worst AND the best of ways.

1. JSW Steel is acquiring up to 66.67% of M Res NSW for $120 million. 2. Investment will be made via JSW Steel (Netherlands) BV, with an additional $50 million deferred payment in 2030. 3. M Res NSW holds a 30% stake in Golden M NSW Pty Ltd, which operates coking coal mines in Australia. 4. Coking coal is crucial for steelmaking, and this acquisition is part of JSW’s strategy to enhance raw material security. 5. JSW Steel aims to reach a steelmaking capacity of 50 million tonnes by 2030. 6. The company previously acquired a coking coal project in Mozambique in May. #JSWSteel #Acquisition #CokingCoal #RawMaterialSecurity #Steelmaking #MiningInvestment #AustralianMiner #StrategicInvestment #SteelIndustry

www.polymerupdate.com *Capacity expansion with decarbonization may drive India’s petrochemical industry* Grappling with soft margins due to unprecedented pressure on decarbonization, India’s crude oil refiners have announced significant investments in petrochemical capacity expansion, aiming to reduce their carbon footprint and bolster revenue streams for future sustainability. These investments are envisaged from both public and private sector investors, amid oversupply and uncertain returns on low-carbon fixtures. The urgency for fresh ideas and innovative solutions continues to drive the need for upgrades. Please open link to read full article: https://bit.ly/3SXjiqu www.polymerupdate.com

Big news: Consolidated Copper Corp has successfully restarted the Tschudi copper plant, producing LME Grade A copper cathode in Namibia for the first time in four years. CEO John Sisay said: "Tschudi has the potential to rival the great copper mines of the Central African Copper Belt. Yet, the true measure of our success will lie in the benefits experienced by the local community and our contribution to the clean energy value chain.” The Tschudi mine is the first phase in CCC's plan to sustainably recommission three brownfield copper mines in Namibia, reinforcing our commitment to Responsible Copper. Recommissioning the plant has also resulted in 61 new Namibian jobs, with more than 75% of the budget for this first phase of the mine restart spent locally. Watch below for an exclusive insight into CCC's Tschudi operation: https://lnkd.in/eMXAybux

Mockery: HPCL's Barmer Refinery! 📛📛 The foundation stone of the Rs 38k crore project was laid by Sonia Gandhi in 2013, and completion target was set for 2018. But guess, what, the construction activity began in 2018. Worse, the deadline has been moved thrice under present Govt's watch as well. Just last year, Petroleum Minister Hardeep Singh Puri said the project will go live by July 2023. Then it was moved to Dec 2023. Then to some time in 2024. And now the Chairman of HPCL says, the the refining unit of the complex will go live in Dec of 2024, but the petrochem unit will take longer. Worse, even though the refining unit will go live in Dec 2024, it will take another year or so to reach its full capacity. .. And guess, what? The project cost has soared to Rs 78k crore. No one knows where it will go by the time the full project will actually be complete. And no, HPCL management is not to be blamed here. .. The problem is inter-Govt rivalry! The massive project is being executed under a JV between HPCL & Rajasthan Govt. And as the project cost soared (primarily due to surge in prices of commodities like cement, steel etc), the disagreement on funding of the same grew. While HPCL was ready to invest more and get the project to fruition. But, as per media reports, Rajasthan Govt insisted that HPCL should be footing in more, and that led to major delays. .. Now finally, the project is being completed with a fresh Rs 4,785 crore loan raised from the Govt-owned Rural Electrification Corporation (REC). One can only hope, that having a BJP Govt in the state will help get the project to fruition 😓😓 .. Join my 17k+ member Biz News+ WhatsApp community: https://lnkd.in/g59ig_Gk Best, Jayant Tags: #HPCL #BarmerRefinery #Rajasthan #BPCL #IOCL #Modi #Oil #Crude #PSU #Stocks #IndianStocks | Hindustan Petroleum Corporation Limited, Bharat Petroleum Corporation Limited, Indian Oil Corp Limited, Indian Oil Corporation, Oil and Natural Gas Corporation Ltd, Oil and Natural Gas Corporation Limited (ONGC)

Premier African Minerals has raised £2 million at 0.17p ahead of the start proper of operations of processing at its  Zulu lithium project in Zimbabwe. Teething problems getting the plant started have delayed a ramp-up to full production but yesterday chief executive George Roach said it was in the ‘home stretch’. Today Roach added: "The final step in commissioning Zulu looks to be the changes to be made to the material flow through the floatation plant as described in our announcement of 10 April 2024. “These changes expect to see the floatation plant able to accept the design tonnage and to remove the restrictions on potential spodumene concentrate production.  “The required piping and valves are expected to load for site by Tuesday 16 April, and the expectation is that fitment could be complete as early as the week commencing 22 April 2024.” More at #Proactive #ProactiveInvestors #premierafricanminerals #lithium #zululithium http://ow.ly/P546105p8Nm

Watch full video for the full details The Ghana Integrated Aluminium Development Corporation (GIADEC) has reached a partnership deal with Mytilineos Energy and Metals toward building an alumina refinery in the country. The agreement pertains to Project 3A, one of four projects under the Integrated Aluminium Industry (IAI) projects at Nyinahin-Mpasaaso in the Ashanti Region. Under terms of the agreement, Mytilineos – a Greek company – will spearhead the development of a bauxite mine and oversee construction of a cutting-edge alumina refinery. This deal represents a departure from the conventional practice of exporting raw bauxite, signalling an end to decades of raw exports from Ghana. Instead, the focus will shift toward refining locally mined bauxite, with the resulting alumina serving as a crucial feedstock for the Volta Aluminium Company (VALCO) smelter. https://lnkd.in/dy2cKh-6