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8horse

34,339 Posts.

9120

27/09/19

23:36

Post #: 40616936
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Originally posted by elphamale ↑

China, Japan, Korea, Belgium (Europe) and now Uncle Sam loom as potential strategic partners for Manono - the world's largest Measured & Indicated Lithium resource and also the largest undeveloped hard rock project in terms of grade, mine life and expandibility.

Manono for now remains 100% uncommitted to Offtake. BUT as AVZ approaches the conclusion of Met Tests, I'd suggest that Manono will soon be committed to ensure security of supply for one or some of the world's major economies.

The race for EV supremacy is on... and partnering with AVZ is a unique opportunity for a major economy (or entity within) to secure adequate and consistent supply of Tier 1 battery quality Lithium for many years to come.

Nine countries join U.S. strategic minerals initiative

Sept 26 (Reuters) - The United States on Thursday said nine countries have joined its initiative to help discover and develop reserves of minerals used to make electric vehicles, part of an effort to cut the world’s reliance on China for the high-tech materials.

Secretary of State Mike Pompeo on Thursday met with foreign ministers from the nine countries on the sidelines of the United Nations General Assembly in New York.

The countries joining the United States include Australia, Botswana, Peru, Argentina, Brazil, Democratic Republic of the Congo, Namibia, the Philippines and Zambia.

Under the Energy Resource Governance Initiative (ERGI) announced in June, the United States will share mining expertise with member countries to help them discover and develop their minerals such as lithium, copper and cobalt, as well as advise on management and governance frameworks to help ensure their industries are attractive to international investors.

“What we see is an opportunity to provide a government to government engagement,” Frank Fannon, the top U.S. energy diplomat, said in an interview. “U.S. companies require a certain set of above-ground conditions regardless of what’s below ground.”

Washington grew more concerned recently about its dependence on mineral imports after Beijing suggested using them as leverage in the trade war between the world’s largest economic powers. That could interrupt the manufacture of a wide range of consumer, industrial and military goods, including mobile phones, electric vehicles, batteries, and fighter jets.

Mining companies in Congo have struggled to secure their sites from small scale prospectors digging for minerals. In June, 43 illegal miners were killed by a landslide at a Glencore facility in Congo, highlighting the challenge.

When it first introduced ERGI, the State Department said Canada was part of the initiative, but the U.S. neighbor was not listed as a member on Thursday because Foreign Minister Chrystia Freeland stayed at home for the election campaign period.

A U.S. official said the Trump administration “remains hopeful that Canada will join the initiative in the near future.”

The U.S. Department of Defense is also searching for better supplies of strategic minerals, including rare earths, around the globe. Reuters reported in June that the Pentagon held talks with Malawi’s Mkango Resources Ltd, Burundi’s Rainbow Rare Earths Ltd and other miners about securing supply. (Reporting by Timothy Gardner and Ernest Scheyder Editing by Marguerita Choy)

https://www.reuters.com/article/usa...s-strategic-minerals-initiative-idUSL2N26G229

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DRC would be similar to China in 1980s. The new president seems keen to improve living standards (free primary education) and to develop economics.

If the rest of world helping DRC, it would be good for everyone.

AVZ Price at posting: 4.7¢ Sentiment: Buy Disclosure: Held
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