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Congo
 
Argus Media - March 23, 2020
A coronavirus outbreak in the Democratic Republic of Congo (DRC) could threaten global cobalt supply as the government identifies cases in...
the Democratic Republic of Congo (DRC) could threaten global cobalt supply as the government identifies cases in...

A coronavirus outbreak in the Democratic Republic of Congo (DRC) could threaten global cobalt supply as the government identifies cases in the southern mining region…Authorities in the DRC today put the province of Haut-Katanga in the south of the country under a temporary lockdown because of a potential coronavirus outbreak…The neighbouring province of Lualaba is home to mines belonging to trading firm Glencore, Eurasian Resources Group (ERG) and diversified metals producer China Molybdenum, and provides the bulk of the DRC's cobalt. Most concessions are located around the city of Kolwezi…The prospect of a wider outbreak in the DRC was described as "terrifying" by one cobalt buyer in Europe familiar with the region. It added that given the level of development in the country, "some seriously bad things could happen" if an outbreak were to occur in a similar way to Italy. Traders in Europe became increasingly reluctant to sell cobalt metal today as news of the lockdown spread, aware that prices could rise sharply if supply from the DRC is cut off…Elsewhere in the cobalt supply chain, ports in South Africa are being subjected to tighter restrictions 

 
Reuters UK - March 23, 2020
KINSHASA (Reuters) - China Molybdenum said on Monday it would place its TFM copper and cobalt mine in Democratic Republic of Congo in...
said on Monday it would place its TFM copper and cobalt mine in Democratic Republic of Congo in isolation beginning at...

China Molybdenum said on Monday it would place its TFM copper and cobalt mine in Democratic Republic of Congo in isolation beginning at noon on Tuesday in response to the coronavirus, according to a note to employees seen by Reuters…“Only essential services will be organized to maintain the production tool. For that, essential staff will stay on the site and will not be in contact with the outside world,” the note said.

 
Reuters US News - March 23, 2020
DAKAR, March 23 (Reuters) - Glencore’s Kamoto Copper Company (KCC) mine, a copper and cobalt project in Democratic Republic of Congo,...
Copper Company (KCC) mine, a copper and cobalt project in Democratic Republic of Congo, repatriated 26 foreign workers on...
 
 
EVs & Energy Storage
 
Reuters UK - March 24, 2020
LONDON, March 24 (Thomson Reuters Foundation) - Two weeks into a growing coronavirus outbreak, Lucy Vinis, the mayor of the Oregon city of...
transport in its 2020 budget, in part to install rapid charging hubs for electric cars. In the United States, Schub is...

But Vinis is also thinking ahead. As U.S. lawmakers look at a proposed $1-trillion stimulus plan to keep the virus-hit economy afloat, she wonders if some of the money now or in coming months might also help her city prepare for another big threat: climate change…Eugene, a city of about 170,000 people, has created a plan to revamp its six major transport corridors, and to put in place better bus services and new, denser housing along the routes…In a city where half of climate-changing emissions come from transport, those projects could get people out of cars, help clean up the air, slash emissions and increase the supply of affordable, energy-smart homes, Vinis said…But so far Eugene only has enough cash to construct one of the corridors. Federal stimulus funds, the mayor said, could create construction jobs and boost the city’s virus-hit economy while also setting it up for a lower-carbon future…“There’s a huge opportunity for us as a nation” if stimulus cash can also advance green aims and build next-generation skills and employment in areas like installing renewable energy or retrofitting buildings, she said…As countries around the world plan stimulus packages to try to prevent their economies plunging due to coronavirus shutdowns, spending on green infrastructure could help tackle two crises at once, analysts and environmental groups say…The United States alone would need to spend about $4.5 trillion over the next 20 years to build a 100% renewable power grid capable of running electric transport, said Jeffrey Schub, executive director of the Washington-based Coalition for Green Capital…So far, spending is happening at only about a quarter of the rate needed, he said…In the United States, Schub is lobbying to see some of a tidal wave of coming stimulus cash routed through a set of green banks already set up in a dozen states and cities from New York to Florida - or through a proposed national green bank…Such financial institutions - many established using stimulus funds provided during the 2008 financial crash - use public funds to leverage additional private spending on clean transportation and energy projects…But a second wave will be about infrastructure and longer-term economic recovery, he noted. “There’s a massive opportunity that we must take to rebuild the economy in a way that’s truly sustainable,” he added.

 
Reuters - March 24, 2020
FILE PHOTO: Workers work on an assembly line manufacturing Audi Q3 cars at the FAW-Volkswagen Tianjin plant in Tianjin, China December 5,...
in old cars for new, approving no fewer than 100,000 licenses to new energy vehicle buyers in the first half of 2020 and launching...

China’s capital city Beijing is considering plans to stimulate demand for automobiles after the coronavirus epidemic hit sales badly, the state backed Beijing News newspaper reported on Tuesday…It said possible measures being considered by Beijing include introducing incentives to trade in old cars for new, approving no fewer than 100,000 licenses to new energy vehicle buyers in the first half of 2020 and launching special plate licenses for suburban areas, the newspaper said, citing a statement from China’s commerce ministry.

 
Unknown - March 24, 2020
Toyota Motor Corp. and Nippon Telegraph and Telephone Corp. said Tuesday they will form a capital tie-up to build an energy-efficient “smart city” using advanced information technology.

In the tie-up, the auto and telecommunications giants said they will mutually invest around ¥200 billion ($1.8 billion) by purchasing each other’s treasury stocks…Toyota said in January it plans to build from early 2021 a fully sustainable prototype city at a 175-acre site at the foot of Mount Fuji where only fully autonomous, zero-emission vehicles will be allowed to travel on main streets…In the area called Woven City, residents will have in-home robotics to assist their daily lives, with sensor-based AI systems monitoring their health. The automaker has also been expanding a tie-up with Japanese household appliance and electronics maker Panasonic Corp. to collaborate in town development for next-generation lifestyles where homes and vehicles are connected to the internet.

 
 
fortuneminerals
For further information about the NICO Project and its Mineral Reserves, please refer to the Technical Report on the Feasibility Study for NICO, entitled "Technical Report on the Feasibility Study for the NICO-Gold-Cobalt-Bismuth-Copper Project, Northwest Territories, Canada", dated April 2, 2014 and prepared by Micon, which has been filed on SEDAR and is available under the Company's profile at www.sedar.com.

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Fortune Minerals Limited does not endorse or guarantee the accuracy or completeness of any third party publication regarding the Company and accepts no liability for any direct or consequential losses arising from its use. The information contained in third party publications is subject to verification by the user and Fortune is under no obligation to provide, or comment upon, such publications. This communication is not, and under no circumstances is to be construed as, an offer to sell or a solicitation to buy any securities. Any decision to invest in securities in the secondary market or otherwise should only be made after consulting the investor’s own investment, legal, accounting and tax advisors in order to make an informed determination of the suitability and consequences of such investment.

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.