RHI Magnesita’s Post

𝐀 𝐥𝐨𝐨𝐤 𝐚𝐭 𝐨𝐮𝐫 𝐜𝐨𝐦𝐦𝐞𝐫𝐜𝐢𝐚𝐥 𝐩𝐥𝐚𝐧𝐬 𝐟𝐫𝐨𝐦 𝐡𝐞𝐫𝐞... Dear Reader, It was excellent to announce our return to trading last week. I’d like to thank all of our investors again for their patience through what was a frustrating period.   With so much work taking place both on the field and in the office over the last few months… and with Marc now in Ontario overseeing ongoing exploration efforts and hosting site visits across our project portfolio…   I’m feeling particularly confident in First Class Metals’ outlook from here.   𝐎𝐧𝐠𝐨𝐢𝐧𝐠 𝐜𝐨𝐦𝐦𝐞𝐫𝐜𝐢𝐚𝐥𝐢𝐬𝐚𝐭𝐢𝐨𝐧  We’ve taken significant steps forward on the corporate front over the past month or so. Most notably, we announced the sale of our McKellar and Enable assets to Seventy Ninth Resources for £270,000 in cash and £230,000 of funding.   The sale provides real validation for FCM’s incubator strategy – the core of how we generate value for our investors.   We use our expertise to identify promising early-stage exploration assets before deploying our first-class teams on the ground to advance them up the value curve. Then we generate profit by commercialising them – be it through an outright sale or a JV or partial divestment.   Now our first deal is complete, we’ll build on this momentum through the commercialisation of more of our assets moving forward.   This might sound ambitious for an exploration company. But the pieces are already in place. For the full article please follow the link- https://lnkd.in/eGmP4ncu

Check out these great safety tips from Talon Metals Corp.

"Well-designed mine closure plans are key to responsible mining practices, and essential to securing funding, social license, and formulating long-term cost projections." Angela Persico, Director of Mining Services Business Development at INTERA Incorporated, discusses the employee-owned geoscience and engineering company and its history, water resource optimization in mining, and innovative approaches to challenges across the mining life cycle. #INTERAHistory #WaterManagement #MiningLifeCycle #GBR #USAMining #RegulatoryNavigations #ResponsibleMining #ClosurePlanning

Angela Persico shares her expertise on water resource optimization in mining. INTERA’s Angela Persico, Director of Mining Services Business Development, sheds light on the pivotal role of well-designed mine closure plans in responsible mining practices. These plans are not just crucial for securing funding and social license but also play a vital role in formulating long-term cost projections. Explore INTERA's Focus: 👉 Water Management Optimization: We're collaborating closely with our clients to understand risks and optimize water management at every stage of the mining life cycle. 👉 Electrification Demands: With increased interest in Western US mineral development projects to meet electrification demands, INTERA is proud to support clients in responsible planning, use, and management of our most precious resource – water.   Click the link below to read the full interview. #MiningIndustry #Sustainability #WaterManagement #INTERAIncorporated

The Dynamics of Precious Metal Refining: An In-Depth Examination with Sarp TARHANACI, CPP, President of Aleks Metal Refinery. In an Exclusive Interview, the Path to the Future is Revealed, from the Evolution of the Industry to Sustainable Practices and Global Expansion Strategies.

Glencore Plc is keeping its contract with Russian aluminum giant United Co. Rusal International PJSC for at least another year, even as sales volumes dwindle. The deal — starting in 2020 for the delivery of more than 1 million tons of aluminum a year — has been rolled over into 2025 and early 2026, according to people familiar with situation. However, since at least the second half of 2023, Rusal has been shipping only a fraction of that amount, the people said, asking not to be identified as the information is not public. Glencore agreed to keep the volume-based contract, despite last month’s sanctions that bar new deliveries of Russian aluminum, copper and nickel onto the London Metal Exchange and Chicago Mercantile Exchange. The extension will cover some contracted volumes that Rusal didn’t previously deliver to the Switzerland-based trader, the people said. Glencore and the press service of Rusal declined to comment. The Rusal-Glencore deal showcases how international metals trading has changed since Russia invaded Ukraine. The contract was originally a key trading deal for Rusal, but the war has diminished its significance as the company pivoted toward the Chinese market. #Rusal #Glencore #metals #aluminium #commoditytrading #Russia https://lnkd.in/einJ6eMN

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WATCH: How does evolving #US government policy apply to a rare earths mine in Australia…? Our MD & CEO Rowena Smith was in North America recently to progress engagements with government departments, export credit agencies, investors and potential offtake partners, as ASM continues to explore the growing funding opportunities in the region for our globally significant #DubboProject. Check out Rowena’s conversation with Tracy Weslosky from InvestorNews Inc. as she discusses some of the most exciting developments from her visit stateside 👇 https://lnkd.in/gzS3a-rV #criticalminerals #rareearths #minetometals #criticalmetals #cleanenergytransition

Ardmore Shipping Corporation announces earnings. Scorpio private group has acquired over 5% in the Company. -Dividend: $0.19 per common share, buy before Aug 31 (down for $0.35) -MRs earned $27,460/day, Chemical tankers earned $24,555/day -45% fixed for the third quarter of 2023 @ $26,100/day MR Eco-Design tankers; and Chems @ $20,400/day basis 63 -Basic shares outstanding 41,192,894 vs 40,722,735 last quarter