Lol - if the GEM/Tsingshan project needs to be 'pulled out of the muck', what does that imply about Sconi?
It is miles and miles ahead of Sconi - in having finance settled, having full offtakes, in being heavily supported by the National Government, in having all support infrastructure in place. Just needs the final environmental approvals.
This might give you an idea:
A warm welcome to President Lee Dongcai of South Korea ECOPRO Co., Ltd.
2019-12-13 00:00:00 source: Official website of the listed company
On December 9th, President Li Dongcai of South Korea ECOPRO Co., Ltd. and his team inspected and investigated GEM ( 002340 , diagnostic stock ) invested in laterite nickel ore to produce power battery-grade nickel in Qingshan Industrial Park, Morawali County, Indonesia Chemical (nickel sulfate crystal) (50,000 tons of nickel per year) project (name of project company: Qingmeibang New EnergyMaterials Co., Ltd., hereinafter referred to as "Qingmeibang").
Chairman Li Dongcai and his team visited the public and auxiliary facilities, including the pier and power plant, in Qingshan Park, Indonesia, accompanied by Wu Huadi, Chairman of Indonesia's Qingshan Park, Professor Greene Xu Kaihua, and Tang Honghui, General Manager of Qingmeibang.They also inspected the Qingmeibang project site and tests. center.
At the symposium, Tang Honghui, general manager of Qingmeibang, introduced the basic situation of the park and the project construction progress. Chairman Li Dongcai thanked GEM for the arrangement of the Indonesian inspection tour, expressed shock at the achievements of Indonesia's Qingshan Park, and highly respected the pioneering spirit of Chinese entrepreneurs led by Qingshan Group! President Li said that Indonesia's Qingshan Park has already invested A complete infrastructure has been built with good supporting conditions. On this basis, the GEM Indonesia nickel resource project can be successfully, efficiently and cost-effectively run. It is full of confidence and expectations for the GEM Indonesia nickel resource project, and has a long-term vision and hard work for GEM.
Express thankfulness. During this trip to Indonesia, ECOPRO strengthened its determination and confidence in strategic cooperation with GEM, and President Li said that he will unswervingly and strategically cooperate with GEM and deepen cooperation. ECOPRO is willing to work with GEM.
Chairman ECOPRO Li Dongcai and Chairman Grimme Xu Kaihua exchanged views on current and future market trends, precursor supply, power battery recycling, and nickel raw material supply. The two sides will unswervingly implement strategic cooperation, combine strengths, strengthen communication mechanisms, and jointly set up special classes to jointly build a global industry chain of "raw materials-precursors-ternary materials-power battery recycling" and jointly respond to the global The challenge of new energy industry adjustment.
(20min delay)