Ann: Mine exploitation concession update, page-27

@wilco999
Just to add to what you posted, Mark Thompson from the August webinar:

"We have potentially got the lowest operating costs in the world, definitely in the lowest quartile, potentially in the lowest decile. This includes Chinese production as well. People often ask how can you do that as a western company in a western country, surely you can't actually do that? But it's because, not only is our deposit very high grade, averaging 23%, but it has in parts up to 50%, but the fact is all of the flakes are very small battery size, its 100% fine size flake, of which because the flakes are all the same size and with the way we've been able to refine our process technology to have very very low losses, means almost all of it turns into anode. We also have super low energy costs and of course we're veritcally integrated with no big transport in-between. Put all that together, it allows us to have a globally competitive cost. Now, are we competitive against the subsidized China that runs at 0% profit? We're close, but you can't necessarily kill that off. But definitely in good shape against western producers in reality. That's from an operating cost point of view."