Share
276 Posts.
lightbulb Created with Sketch. 31
clock Created with Sketch.
07/01/22
19:04
Share
Originally posted by tomboy:
↑
BHP tried to buy stranded Noront but failed, now warehoused by AF BHP signed a big offtake deal with Tesla but doesnt currently have the ore to fill it with Only 2 near term miners with large mines/JORC resources and built mills left not controlled by either shareholdings or revenue control by the big boys. WSA uses BHPs kambalda concentrator and gets hit with its exorbitant 35% tolling fees and transport costs Jinchuan even worse as they ship the mill concentrate to China offshore so not smelted/refined in Australia at all at BHPs Kalgoorlie smetler or the Kwinina Refinery. Fact remains BHP needs more Ni ore and doesnt have any more, so what next. A bid for one they dont already control imho.
Expand
BHP won't touch POS when AF holds 11.7%. They will take this lesson from Noront IMO. Different story in WSA as our biggest shareholder PPT already agree to sell. BHP only needs to offer higher to secure Cosmos' concentrate (We are upgrading the mill to 1.1Mt)