fortuneminerals
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EVs
 
Reuters US News - November 13, 2017
BEIJING (Reuters) - General Motors Co’s China joint ventures will be able to generate enough new energy vehicle (NEV) sales volume to...
slightly above our expectations,” Tsien said. The car is one of the three electric battery car models GM already has available in China. GM
China has set stringent production quotas for NEVs which automakers must meet by 2019, a move that is prompting a flurry of electric car deals and new launches of battery electric and plug-in hybrid models as automakers in China race to ensure they do not fall short….When the green car quotas take effect in 2019, automakers will need to accumulate enough credits by producing and selling enough NEVs to hit a threshold equivalent to 10 percent of annual sales. That level would rise to 12 percent for 2020….The car is one of the three electric battery car models GM already has available in China. GM plans to launch at least seven more NEVs in China by 2020.
 
automotion.lu - November 13, 2017
For the first time ever at this point in the year, the BMW Group has delivered more than two million vehicles to customers around the...
total BMW deliveries. October sales of BMW i, BMW iPerformance and MINI Electric vehicles totalled 9,405, an increase of 60.3% on the same
The BMW Group’s unrivalled range of nine electrified vehicles boosted their sales by a total of 63.7% in the first ten months of 2017, with a total of 78,096 delivered to customers….In October, BMW i and iPerformance vehicles made up around 8% of total BMW sales in the USA, France, the UK and the Netherlands, with electrified sales in Scandinavia accounting for over 30% of total BMW deliveries.
 
Otago Daily Times - November 12, 2017
Batteries impact on nearly every aspect of our lives, from baby monitors to smartphones and cars. But what happens when they reach the end......
retrieve materials from inside batteries, but it can be done. Cobalt is the highest value material in Tesla’s lithium ion battery, so the
The lithium ion battery, released by Sony in 1991, was the key to making electrical energy transportable…Electric car manufacturers are making progress on using ex-car batteries for home power storage. Home battery storage could be a breakthrough for solar power…The Nissan Leaf is the world’s best-selling electric car, with 250,000 sold since its launch in 2010, according to Bloomberg. Batteries are swapped out of the car after eight to 12 years, depending on usage, but still retain around 70% of their initial capacity. Nissan announced earlier this year it is selling a home power storage unit called xStorage, which retails from about £5000 in the United Kingdom. Some xStorage units will be made from recycled EV batteries, which Nissan sees as a green marketing advantage. BMW announced last year it was also planning to reuse batteries from its BMW i3 in at-home battery storage systems...Recycling lithium ion batteries is made more difficult and costly because batteries from different producers vary in the combination of materials they contain, as well as size and shape.
 
 
Congo
 
Bloomberg-Quint - November 9, 2017
(Bloomberg) -- The Democratic Republic of Congo’s government failed to account for more than half a billion dollars of infrastructure loans......
in return for copper and cobalt. Congo is Africa’s biggest producer of copper and the world’s largest source of cobalt. Sinohydro Corp. and
Sicomines, a Chinese-Congolese copper-mining venture, received $1.163 billion in loans between 2008 and 2014 to spend on infrastructure, but disbursed only $478 million, the Atlanta-based advocacy group said in a report published Nov. 3…Sinohydro Corp. and China Railway Construction Corp., both based in Beijing, own 68 percent of Sicomines, while the rest is owned by two government-owned Congolese companies, including state miner Gecamines… “Since these loans are earmarked for the country’s much-needed infrastructure development, it is essential that the BCPSC provides clarity on how the remaining $685 million has been allocated and spent,” Mule said.
 
Ada Derana - November 13, 2017
At least 63 people were reported killed yesterday and 80 seriously injured after a cargo train derailed in Katanga in southeastern...
in the accident near Likasi, a mining town between Lubumbashi and Kolwezi in the copper and cobalt-rich southeast. Government spokesman
The country has around 4,000 km of railways but much of this is narrow-gauge track and in poor condition; more than a third of the rail track is more than 60 years old and in urgent need of an upgrade…The country’s infrastructure is in very bad shape due to neglect and needs serious upgrade, with recent reports showing that of 153,497km of roads, only 2,794km are paved…The World Bank is currently funding a refurbishment of the train network, which has received few upgrades since the country gained independence from Belgium in 1960.
 
 
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CAUTIONARY STATEMENT ON FORWARD-LOOKING INFORMATION

The materials appearing in this email contain forward-looking information. This forward-looking information includes, or may be based upon, estimates, forecasts, and statements as to management’s expectations with respect to, among other things, the size and quality of the Company’s mineral resources, progress in permitting and development of mineral properties, timing and cost for placing the Company’s mineral projects into production, costs of production, amount and quality of metal products recoverable from the Company’s mineral resources, anticipated revenues, earnings and cash flows from the Company's mineral projects, demand and market outlook for metals and coal and future metal and coal prices. Forward-looking information is based on the opinions and estimates of management at the date the information is given, and is subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking information. These factors include the inherent risks involved in the exploration and development of mineral properties, uncertainties with respect to the receipt or timing of required permits and regulatory approvals, the uncertainties involved in interpreting drilling results and other geological data, fluctuating metal and coal prices, the possibility of project cost overruns or unanticipated costs and expenses, the possibility that production from the Company's mineral projects may be less than anticipated, uncertainties relating to the availability and costs of financing needed in the future, uncertainties related to metal recoveries and other factors. Mineral resources that are not mineral reserves do not have demonstrated economic viability. Inferred mineral resources are considered too speculative geologically to have economic considerations applied to them that would enable them to be categorized as mineral reserves. There is no certainty that mineral resources will be converted into mineral reserves. Readers are cautioned to not place undue reliance on forward-looking information because it is possible that predictions, forecasts, projections and other forms of forward-looking information will not be achieved by the Company. The forward-looking information contained herein is made as of the date hereof and the Company assumes no responsibility to update them or revise it to reflect new events or circumstances, except as required by law.

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