Australian Mines Ltd (PK) (AMSLF)

Tesla Is in Talks With Top Miner BHP Over Nickel-Supply Pact


https://www.google.com.au/amp/s/leaderpost.com/pmn/business-pmn/tesla-is-in-talks-with-top-miner-bhp-over-nickel-supply-pact/wcm/73a7f6ac-a0b3-4709-ad21-f0f48280198a/amp/

Will Tesla Signal The Death Of The Internal Combustion Engine At Battery Day?



https://www.selfwealth.com.au/will-tesla-signal-the-death-of-the-internal-combustion-engine-at-battery-day/

Doubts Cast on Plans for Deluge of New Nickel Supply


https://www.nytimes.com/reuters/2018/11/21/business/21reuters-metals-nickel-supply.html

Disturbance in nickel production in Brazil might act as a boost for prices in the near term






https://www.moneycontrol.com/news/business/commodities/nickel-prices-likely-to-touch-rs-870-in-next-2-months-3221851.html

Battery metals aspirant Australian Mines offered conditional Queensland government support


Queensland government has offered conditional support to help the company’s Sconi cobalt-nickel-scandium project at Greenvale, inland from Townsville.

https://smallcaps.com.au/battery-metals-aspirant-australian-mines-offered-conditional-queensland-government-support/

Elon Musk says "Any mining companies out there - Please Mine Nickel! Don't wait for the price to go up! Tesla will give you a giant contract for a long period of time!

QLD backs Australian Mines for Sconi project developmet

Australian Mines is completing pre-development work at the Sconi cobalt-nickel-scandium project in North Queensland, inching it closer to becoming a key supplier to the electric vehicle (EV) market.

This comes as the company completes its feasibility study and a further independent study of mineralisation targets within Sconi’s existing tenements.

The company has now pegged additional ground adjacent to the Sconi project to take advantage of the opportunity represented by these new nickel, cobalt and scandium targets.

The Queensland Government has granted the Sconi project with prescribed project status, which will help Australian Mines smoothly transition the site into a tier 1 project.

The government has also offered Australian Mines a conditional financial support package for Sconi, subject to the company executing an offtake agreement by September 2020.

https://www.australianmining.com.au/news/qld-backs-australian-mines-for-sconi-project-developmet/

Tesla seeks sustainable nickel miners for EV battery production

Tesla chief executive Elon Musk is pushing miners to produce more nickel as an ingredient of lithium-ion batteries used in its electronic vehicles (EVs) with the incentive of a “giant” contract.

Musk said in a second-quarter earnings call that a “giant contract for a long period of time” would be provided to a miner able to extract zinc in a sustainable and environmentally friendly way.

The high cost of EV batteries remains one of the main roadblocks in Tesla’s growth, according to Musk.

“The real limitation on Tesla growth is cell production at an affordable price. That’s the real limit,” he said.

Tesla is set to increase its business with its battery partners, including Panasonic in Japan and Contemporary Amperex Technology (CATL) in China.

The car maker’s batteries are made from nickel, cobalt and aluminium, but the company has been distancing itself from using cobalt since January last year due to unethical mining practices in Africa along with cost concerns.

However, Tesla signed a deal with Glencore to receive cobalt from its mines in the Democratic Republic of the Congo and manufacture batteries at its Berlin “Gigafactory” in June.

Nickel’s use in battery cells allows them to be energy dense, resulting in lighter and more compact batteries with a higher capacity.

Musk said Tesla would make further announcements about the company’s batteries at its “Battery Day” event in September.

Australian Mining Magazine

Will Tesla face a Nickel shortage? Why Elon made a pitch for more Nickel.

Tesla, "Produce more Nickel. We will give you long-term contracts"

Australia, U.S., to cooperate on critical minerals, rare earths


Australia and the United States will support projects to develop critical minerals and rare earths, an Australian government minister said on Wednesday, signaling deeper cooperation in a market dominated by Chinese supplies.

Australian Minister for Resources and Northern Australia Matt Canavan and U.S. Commerce Secretary Wilbur Ross laid the groundwork for collaboration in financing such projects in talks in Washington, Canavan’s office said in a statement.

“This work will offer opportunities for new projects to get off the ground,” Canavan said.

“The growing global demand for critical minerals will provide scope for Australian miners to enter stable and secure supply chains to meet growing demand in key economies such as the US.”

https://www.reuters.com/article/us-australia-rare-earths-usa/australia-u-s-to-cooperate-on-critical-minerals-rare-earths-idUSKBN1XU0NU

Australian Mines SK supply deal terminated

Shares in Australian Mines have dived by more than 30 per cent after the battery materials developer revealed a cobalt and nickel supply agreement with South Korea's SK Innovation has been terminated.

Under initial terms agreed on in October, SK Innovation was required to issue a finance letter to Australian Mines which it has not done, leading to the agreement being automatically terminated, Australian Mines said on Friday.

The company's ASX-listed shares fell by as much as 33 per cent to 1.8 cents at Friday's open, and were still 27.78 per cent lower at 1.9 cents by 1323 AEDT.

An SK Innovation spokesman said the company decided to not keep the deal with Australian Mines valid as the Australian firm did not meet prerequisites such as submitting a legally binding finance document by the September 30 deadline.

In August, SK Innovation had agreed to purchase 100 per cent of the battery-grade cobalt sulphate and nickel sulphate produced from Australian Mines' flagship Sconi Cobalt-Nickel-Scandium Project in North Queensland.

The company on Friday added it would continue discussions for off-take agreements with other interested parties, while also working towards securing funding to develop the Sconi project.

https://7news.com.au/business/mining/australian-mines-sk-supply-deal-terminated-c-535206

Australian Mines drops deal with SK Innovations


Australian Mines has terminated its Offtake Agreement with SK Innovations at its Sconi Project.

In August, the company signed a seven year agreement with the South Korean company.

Under the original agreement, SK Innovations agreed to purchase 100 per cent of the battery- grade cobalt sulphate and nickel sulphate that is produced at the Sconi Project in Queensland.

Australian Mines said it had to close the deal with SK Innovations, as it did not issue an agreed pre-payment or finance letter to the company.

On October 1, the companies agreed that SK Innovations will issue an agreed pre-paymen letter to Australian Mines by October 31, 2019. The parties will then proceed to negotiate and finalise the formal documentation by January 31, 2020.

"As a result, the Offtake Agreement has automatically terminated on the basis that one or both of the conditions precedent to the Offtake Agreement as described
above were not satisfied by that date," the company told the market this morning.


This is a good time to buy this stock



https://themarketherald.com.au/australian-mines-drops-deal-with-sk-innovations-2019-10/

Australian Mines to re-negotiate Sconi offtake with SK Innovation

The two companies are now discussing the amount and terms of financial support for Australian Mines' Sconi Project. We should be receiving news anytime now.


https://www.australianmining.com.au/news/australian-mines-to-re-negotiate-sconi-offtake-with-sk-innovation/

Australian Mines strengthening Board through appointment of experienced engineer Les Guthrie

Australian Mines Limited (ASX:AUZ) (FRA:MJH) (OTCMKTS:AMSLF) is strengthening its Board through the appointment of experienced company director Lee (Les) Guthrie as non-executive director starting from late November 2019.

Guthrie is a qualified engineer with more than 40 years’ experience of project delivery across the mining, infrastructure and energy sectors.


https://www.proactiveinvestors.com.au/companies/news/905103/australian-mines-strengthening-board-through-appointment-of-experienced-engineer-les-guthrie-905103.html

Australian Mines updates Minnamoolka nickel-cobalt resource




https://www.proactiveinvestors.com.au/companies/news/905201/australian-mines-updates-minnamoolka-nickel-cobalt-resource-to-meet-jorc-2012-guidelines-905201.html

Look for Australian Mines & SK Innovation's negotiations to be final in the next few days!

Both parties have agreed to extend the plant financing deadline to October 31 to to discuss SKI financially supporting the Sconi Project.


When this deal is done AMSLF will pop!

Australian Mines is also on the OTC Exchange



https://www.otcmarkets.com/

Australian Mines Limited is on the ASX Stock Exchange



https://www.asx.com.au/

Australian Mines Limited financials can be found on ASIC (Australian Securities and Investments Commision.


https://asic.gov.au/

Australian Mines & SK Innovation's negotiations should be final in the next few days!

Both parties have agreed to extend the plant financing deadline to October 31 to to discuss SKI financially supporting the Sconi Project.

In the previous agreement if SKI did not agree to a financial stake in Australian Mines then they would buy the metals at market prices in the future. Perhaps they are discussing some sort of stake in Australian Mines also.In my opinion, the extension is good news. It shows that SKI really want those metals in Sconi and that they are looking at helping to get the metals out of the ground. They know that if they don't help with Sconi then someone else will step right in and do it.They know that the US government and Australian government are in talks to develope a metals supply chain for the US. So, SKI wants to secure battery metals for their operations before another company or country locks it up.?

The United States President, Donald Trump, and Australian Prime Minister, Scott Morrison, are set to release a plan aimed at securing the supply of rare earth minerals, as concerns grow that China could cut off shipments of the prized commodities. The US is trying to play catch up to China in the EV race by developing it's own supply chain for metals. Australia is the place that everyone wants to be for metals because of its business friendly environment and lots of mines. All of this is putting pressure on SKI to lock it up and secure battery metals for it's operations. I think Australian Mines has the upper hand and SKI will be force to help finance the plant fully or partially because they desperately need the metals and the know AUZ has plenty suitors waiting in the wings to step in and take the metals.

Keep buying this stock because it is going to up real big

soon.???https://www.aljazeera.com/ajimpact/australia-unveil-rare-earth-mineral-supply-plan-190920030440200.html??????

US steps up efforts to limit China’s control of critical minerals

The US government is stepping up efforts to break China’s dominance over supplies of critical minerals for a range of modern life’s aspects, including electric vehicles (EVs), green technologies and military applications by launching a plan to boost lithium, cobalt and rare earths mining across the globe.

The Energy Resource Governance Initiative (ERGI) initiative, announced in June, so far involves Australia, Botswana, Peru, Argentina, Brazil, Democratic Republic of the Congo, Namibia, the Philippines and Zambia.

The scheme seeks to promote responsible mining of 15 minerals expected to be in high demand as the adoption of technologies such as EVs, battery storage and wind turbines continue to rise.

“We want to ensure that these important mineral commodities remain free from international coercion and control,” US secretary of state, Mike Pompeo, said in a meeting held on Thursday at the United Nations General Assembly.

This is good news for Australian Mines as this may put pressure on SK Innovations to finance the Sconi project to secure the minerals.

https://www.mining.com/us-steps-up-efforts-to-limit-chinas-control-of-critical-minerals/

Big opportunity for Australia as US craves rare metals

The defence establishment and key US companies may have to team up with Australian miners to secure critical minerals.

All good news for Australian Mines as China, US and others battle for minerals in Australia.


https://www.theaustralian.com.au/subscribe/news/1/?sourceCode=TAWEB_WRE170_a&dest=https%3A%2F%2Fwww.theaustralian.com.au%2Fbusiness%2Fmining-energy%2Fbig-opportunity-for-australia-as-us-craves-rare-metals%2Fnews-story%2Fafa3fa30c0b0a6448f97fa1b7c81d369&memtype=anonymous&mode=premium&v21suffix=60-b

US, Australia pursue rare earths foil to China

The joint development of rare earths and other critical mineral deposits, which are vital to national security, will be high on the agenda for the visit to Australia this week by US Commerce Secretary Wilbur Ross.

After Prime Minister Scott Morrison and President Donald Trump agreed during talks at the White House last month to enhance the development of the minerals in a bid to sideline China


All good news for Australian Mines as China, US and others battle for minerals in Australia.

https://www.afr.com/politics/federal/us-australia-pursue-rare-earths-foil-to-china-20191008-p52yml

Trade War Is Making China More Reliant on Australian Energy, Minerals

All good news for Australian Mines as China, US and others battle for minerals in Australia.


https://www.caixinglobal.com/2019-08-15/trade-war-is-making-china-more-reliant-on-australian-energy-minerals-101451235.html

Australian Mines begins resource extension drilling at Flemington in NSW

The drilling program is designed to extend the high-grade cobalt mineralised zone with about 10,000 metres of resource drilling planned over the next three months.

Australian Mines Ltd (ASX:AUZ) has initiated the largest resource extensional drilling program to date at the Flemington Cobalt-Nickel-Scandium Project in New South Wales.

This new drilling program follows the successful resource expansion drilling at the Flemington project which resulted in a tripling of the cobalt mineralisation footprint and confirmed that the project’s high-grade cobalt zone continues to remain open along strike.

Up to 10,000 metres of drilling is planned in this resource extensional drilling program and is primarily targeting extensions of the high-grade cobalt mineralised zone, including continuity of the project’s existing resource.

Managing director Benjamin Bell said: “This latest phase of extensional drilling at Flemington represents the largest program ever completed over the project area and is a clear indication of Australian Mines’ confidence in the project’s ability to represent a future potential second production source of nickel and cobalt sulphate.

“Our previous drilling program had already tripled the cobalt mineralisation footprint and the current project has the potential to further increase the cobalt mineralisation footprint as well as provide a strong foundation from which a large-scale economic resource may evolve.”

https://www.proactiveinvestors.com.au/companies/news/903948/australian-mines-begins-resource-extension-drilling-at-flemington-in-nsw-903948.html

Australian Mines advances Sconi Project offtake discussions with SK Innovation

Australian Mines Ltd (ASX:AUZ) had signed an off-take deal with SK Innovation in August 2019 for product from its flagship Sconi Cobalt-Nickel-Scandium Project in North Queensland.

SK Innovation had conditionally agreed to purchase 100% of the battery-grade cobalt sulphate and nickel sulphate produced by Sconi for an initial seven-year period.

The offtake agreement was subject to two key conditions, firstly that legally binding documents for financing are obtained before 30 September 2019 for the construction and commissioning of Sconi.

Secondly, that SK Innovation is satisfied with the due diligence it conducts on Sconi on or before 30 September 2019.

SK Innovation has now advised Australian Mines that it has completed its due diligence with respect to the Sconi Project for the purposes of the offtake agreement.

However, the companies have agreed to extend the end date for satisfaction of the conditions precedent to 31 October 2019 solely for the purposes of progressing discussions regarding financial support for the Sconi Project from SK Innovation.

Quick facts: Australian Mines Ltd


https://www.proactiveinvestors.com.au/companies/news/903830/australian-mines-advances-sconi-project-offtake-discussions-with-sk-innovation-903830.html

SK Innovation’s $1 Billion Sale of Its Stakes in two Peruvian gas fields

SK Innovation Co., South Korea’s leading refiner, executed the sale of its interest in two Peruvian gas fields for $1.05 billion.

The SK Innovation board of directors approved the plan to sell its 17.6 percent stakes in two Peruvian gas fields — Block 88 and Block 56 — to Argentine oil firm Pluspetrol.

Proceeds of the sale will be use to finance investments in other promising energy sectors, including battery and materials business, and expand its presence in the Asian and North American markets.

This may be related to the negotiations with Australian Mines about financing Sconi. We shall see.

https://www.globallegalchronicle.com/sk-innovations-1-billion-sale-of-its-stakes-in-two-peruvian-gas-fields/

Australia to finalise joint strategy with US on rare earths mining

Australia and the US will finalise a joint strategy on rare earths and critical minerals within weeks, as the Morrison government commits to directly back new mines across the nation.

It's good news for AMLSF. Let's hope they are in the mix.



https://www.theaustralian.com.au/nation/politics/australia-to-finalise-joint-strategy-with-us-on-rare-earths-mining/news-story/bb7678240585159c02a5049398835deb

China And The U.S. Fight Over Australian Rare Earths

The U.S. hunt for future supplies of rare earths and other critical minerals has led Commerce Secretary Wilbur Ross to Australia this week where he might not get the reception he was expecting.

China is not only well entrenched in the Australian mining industry but an academic paper released to coincide with Ross’s visit suggest that China could be a more reliable source of project development capital for new mining projects.

Great news for Australian Mines because there is a fight going on for minerals and Australia is right in the middle of it.

https://www.forbes.com/sites/timtreadgold/2019/10/09/china-and-the-us-fight-over-australian-rare-earths/#1679fc35126b

Australia says advancing talks with US on rare earths mines to bolster production outside China

Australia is advancing separate talks with the United States, Japan and South Korea over the development of local rare earths mining projects in an effort to bolster production outside China, which dominates the output of the materials


This is nothing but good for AMSLF. There is currently a war for minerals and Australia is right in the middle of it.




https://www.straitstimes.com/asia/australianz/australia-says-advancing-talks-with-us-on-rare-earths-mines-to-bolster-production

New Research Promises Electric Car Batteries That Last For a Million Miles

Electric motors guzzle electricity, which can be especially hard on a rechargeable battery. The power cells used in electric vehicles, like Teslas, have an expected lifespan of around 300,000 to 500,000 miles, but a team of battery researchers believes it has come up with a recipe that can double that, leading to batteries that could potentially outlast the electric car itself.

https://gizmodo.com/new-research-promises-electric-car-batteries-that-last-1838357663

Fed’s Williams, downplaying recession fears, says ‘outlook very favorable’

New York Fed President John Williams on Wednesday pushed back on market fears of a looming recession, saying that the baseline economic forecast remains “a positive one.”

“Right now, the outlook is actually very favorable,” Williams said during a talk at the University of California, San Diego. He said GDP growth is around 2% rate, with a “very strong” labor market and inflation near a 2% rate.

Williams noted economists have been notoriously unable to predict recessions.

“Economists are really good at saying we just had a recession. They are not so good at expecting a recession,” he said.

Where is the economy going from here? Williams said it was a “mixed picture.”

Global economic growth has slowed, trade disputes, and other geopolitical tensions have led to higher uncertainty and this seems to have contributed to a pullback of business investment, and trade between nations seems to be slowing down, he said.


“I think there are definitely a lot of uncertainties and risks out there that we need to be navigating,” Williams said.

The Fed is grappling with the how to model trade uncertainty, he said.

https://www.marketwatch.com/story/feds-williams-downplaying-recession-fears-says-outlook-very-favorable-2019-10-02

US widens trade war with tariffs on European planes, cheese, whisky

US plans 10 per cent tariffs on aircraft, 25 per cent on other goods
The United States on Wednesday said it would slap 10 per cent tariffs on European-made Airbus planes and 25 per cent duties on French wine, Scotch and Irish whiskies, and cheese from across the continent as punishment for illegal European Union aircraft subsidies.

The announcement came after the World Trade Organization gave Washington a green light to impose tariffs on $7.5 billion worth of EU goods annually in the long-running case, a move that threatens to ignite a tit-for-tat transatlantic trade war.

The measures would follow tariffs levied by the United States and China on hundreds of billions of dollars of each other's goods in their more than year-old trade war.

https://www.thehindubusinessline.com/news/world/us-widens-trade-war-with-tariffs-on-european-planes-cheese-whisky/article29582028.ece

Did Amazon just kick electric vehicle production into a higher gear?

The electric car revolution seems to finally be happening, and it’s not just going to be in personal cars. Last month, Amazon announced that it would order 100,000 electric delivery trucks from Rivian, an electric vehicle company. Amazon is an investor in Rivian, but, we should say, the company has produced exactly zero commercial electric vehicles to date.

Rivian has some time: Amazon said the first 10,000 vans would be on the road by 2022, the remainder by 2030. But the order would basically double the number of electric delivery vehicles in the world.

https://www.marketplace.org/shows/marketplace-tech/did-amazon-just-kick-electric-vehicle-production-into-a-higher-gear/

The Fed can't solve problems caused by the trade war: Invesco


https://www.cnbc.com/video/2019/10/03/the-fed-cant-solve-problems-caused-by-the-trade-war-invesco.html

VW Says Trump's Trade War Is Forcing A Car Recession

VW is mad everyone’s messing with the economy, Tesla is making moves to expand Fremont, BMW has Brexit plans, and more, more, more. We’re getting wet and wild in The Morning Shift for Tuesday, September 10, 2019.

The trade war between the U.S. and China, a dramatically mismanaged fiasco orchestrated by President Trump that has seen escalating tariffs levied on goods and cars between the world’s two largest trading partners, has Volkswagen’s CEO not just disappointed this time, but straight-up upset.


“We come now into a situation where this trade war is really influencing the mood of the customers, and it has the chance to really disrupt the world economy,” Volkswagen CEO Herbert Diess said in an interview with Bloomberg TV. “China is basically a healthy market, but because of the trade war, the car market is basically in a recession. So that’s a new situation. That’s scary for us.”

Concerns about global trade have reached nearly 10 times the peaks seen in previous decades and could shave about 0.75 percentage points off world economic growth this year, according to data compiled by the International Monetary Fund. The auto industry is particularly exposed because of its global network of assembly plants and parts suppliers. Daimler AG, for instance, makes many of its Mercedes-Benz’s utility vehicles in Alabama and exports them to China and other markets.?

None of this ever had to happen! But it is. Keep in mind Volkswagen, and most of the major automakers of the world, are busy trying to wrap their heads around electric vehicles as the Chinese and European governments put pressure on them to curb emissions. Plus there was that whole Dieselgate thing they lost billions over. It’s hard to save face when the punches keep coming.

Carmakers need car buyers of the world to be financially secure in making the jump from gas guzzlers to mysterious battery machines, but if prices are artificially inflated over a glorified slap fight, it’s going to bum everybody out, man. I’m sure Volkswagen will be fine regardless, but it’d be really neat if we all put our efforts into stopping global economic decline instead of, like, begging for it.

https://jalopnik.com/vw-says-trumps-trade-war-is-forcing-a-car-recession-1838008645

Police raid SK Innovation headquarters over alleged theft of trade secrets

Police raided SK Innovation Co.'s offices after LG Chem Ltd. accused its domestic rival of stealing trade secrets related to electric vehicle (EV) batteries.

Don't be surprised if they try to start stealing each others suppliers also

https://en.yna.co.kr/view/AEN20190917008200320

Australian Mines to re-negotiate Sconi offtake with SK Innovation

Australian Mines has extended its timeline for the Sconi project offtake agreement with Korean electric vehicle battery manufacturer SK Innovation due to project financing concerns.

Australian Mines demands an agreed pre-payment from SK Innovation with respect to future offtake.

The two companies would now discuss the amount and terms of such financial support.

They signed an offtake agreement for 100 per cent of production from the Sconi cobalt-nickel-scandium project in Queensland in February last year.

Australian Mines demands SK Innovation to submit an agreed pre-payment letter by October 31. The company will terminate their offtake agreement if this isn’t met, a media statement read.

Should SK Innovation’s prepayment come through timely, Australian Mines will negotiate and finalise formal documentation for this financial support by January next year.

The companies would also agree to a further period of three months to secure the remaining financing for the Sconi project.

Australian Mines subsidiary Sconi Mining Operations had originally planned to obtain legally binding documents for financing to complete the construction and commissioning of the project on Monday September 30.

SK Innovation may, however, need to conduct additional due diligence on Sconi and its project financing, according to Australian Mines in a media statement.

The cobalt developer has also continued its discussions with potential project financiers, which have reportedly progressed following signing of its offtake agreement with SK Innovation.

Australian Mines has announced its Sconi project could generate $5 billion free cashflow over the 30-year mine life.

https://www.australianmining.com.au/news/australian-mines-to-re-negotiate-sconi-offtake-with-sk-innovation/

This deal with SKI is getting done. Here are the reasons I see it moving forward:

1) SKI would not have signed an extension to talk about Sconi financial support if they were not still interested in the project. They have done their due diligence and everything has checked out. They would have simply walked away.

2) It is an advantage for SKI to financially participate now at a set price to offset the potentially higher future offtake prices of Sconi. Remember, they elected to buy at future market prices and the experts are predicting battery metal shortages beginning around mid 2020. SKI would save money in the long run.

3) SKI has been commissioned by the Korean government to secure battery metals for the survival of their industry. IE, they need the metal.

4) US President Donald Trump & Australia’s Prime Minister Scott Morrison are in talks to develop a US supply chain with miners in Australia for rare earth metals. SKI know this. So if they won't do it the American government may do it.

5) There are many potential suitors for Australian Mines looking to secure battery metals. For example, Tesla has already said that they may be getting into mining. Tesla has already bought 2 companies in the last year to accelerate it's Electric vehicle domination. So don't be surprised if you here of some other suitor talking to Australian Mines about Sconi or one of there other projects.

6) SKI and LG are feuding right now over everything dealing with batteries, from workers to patents. They need battery metals to supply their plants they are building all over the world. Who know if SKI keeps dragging their feet, LG might step right in and take Sconi.

https://www.aljazeera.com/ajimpact/australia-unveil-rare-earth-mineral-supply-plan-190920030440200.html

Both parties have agreed to extend the plant financing deadline to October 31 to to discuss SKI financially supporting the Sconi Project.

In the previous agreement if SKI did not agree to a financial stake in Australian Mines then they would buy the metals at market prices in the future. Perhaps they are discussing some sort of stake in Australian Mines also.In my opinion, the extension is good news. It shows that SKI really want those metals in Sconi and that they are looking at helping to get the metals out of the ground. They know that if they don't help with Sconi then someone else will step right in and do it.They know that the US government and Australian government are in talks to develope a metals supply chain for the US. So, SKI wants to secure battery metals for their operations before another company or country locks it up.?

The United States President, Donald Trump, and Australian Prime Minister, Scott Morrison, are set to release a plan aimed at securing the supply of rare earth minerals,  as concerns grow that China could cut off shipments of the prized commodities. The US is trying to play catch up to China in the EV race by developing it's own supply chain for metals. Australia is the place that everyone wants to be for metals because of its business friendly environment and lots of mines. All of this is putting pressure on SKI to lock it up and secure battery metals for it's operations. I think Australian Mines has the upper hand and SKI will be force to help finance the plant fully or partially because they desperately need the metals and the know AUZ has plenty suitors waiting in the wings to step in and take the metals.

??Keep buying this stock because it is going to up real big

soon.???https://www.aljazeera.com/ajimpact/australia-unveil-rare-earth-mineral-supply-plan-190920030440200.html??????

US, Australia to unveil rare earth mineral supply plan

United States President Donald Trump and Australian Prime Minister Scott Morrison are set to release a plan aimed at securing the supply of rare earth minerals, a senior administration official said, as concerns grow that China could cut off shipments of the prized commodities.

Let's hope this involves Australian Mines. It could be very big for them if this US/Australian supply chain relationship develops.


https://www.aljazeera.com/ajimpact/australia-unveil-rare-earth-mineral-supply-plan-190920030440200.html

Scott Morrison supports US push against China as Donald Trump touts ‘unbreakable bond’ with Australia

US President Donald Trump treated Australia’s Prime Minister Scott Morrison to a lavish White House visit on Friday celebrating their countries’ “unbreakable bond”.

Meeting on the South Lawn under clear blue skies, Trump promised Morrison a state dinner later that will “be quite something”.

An honour guard, military band and 19-gun salute kicked off the visit, with the two leaders and their wives watching from a podium, before walking up to the White House’s South Portico balcony.

“Australians and Americans understand each other like few other peoples,” Morrison replied to Trump, adding that he and the Republican president had also “established a very early understanding”.


Could be good news for Australian Mines. Let's hope this translate into something big for AMLSF.

https://www.scmp.com/news/asia/australasia/article/3029781/scott-morrison-supports-us-push-against-china-donald-trump

Australia sees opportunity to boost critical minerals supply to U.S

Australia has a fresh opportunity to supply the United States with critical minerals after recent changes to U.S. regulation aimed at cutting its dependence on China, an Australian government report showed on Tuesday.

U.S. President Donald Trump in July signed five memoranda authorizing U.S. Department of Defense funding to be directed to resources or technology “essential to the national defense” in a move aimed at shoring up domestic supplies.

That opens the door for the United States to offer project funding for rare earths, a group of 17 elements used in products ranging from lasers and military equipment to magnets found in consumer electronics, according to the report by Australia’s Trade and Investment Commission.

China supplied 80% of the rare earths imported by the United States from 2014 to 2017.

“The U.S. government has taken the decision to reduce dependence on China-based supply chains. In the case of purchasing by the U.S. Department of Defense, this policy is now mandatory,” the Commission said in a report.

“This has opened a new opportunity for Australian companies to supply a growing U.S. specialist manufacturing industry with the required raw or semi-processed materials.”

U.S. President Donald Trump and Australian Prime Minister Scott Morrison were due to meet earlier this month to discuss details of an agreement on rare earth supply, according to a senior administration official.

No details of the discussions have since been released.


Good news for Australian Mines



https://www.reuters.com/article/us-australia-mining-critical-minerals/australia-sees-opportunity-to-boost-critical-minerals-supply-to-u-s-report-idUSKBN1WF1L2

Plant Finance Announcement of Australian Mines should be today!

I expect there to be a significant surge in the stock price when this is announced. Now is the time to get into this stock.


https://in.reuters.com/article/us-australia-batteries-nickel/australian-battery-materials-plant-eyes-financing-deal-by-end-june-idUSKCN1S90F6

Batteries create critical cobalt situation

Cobalt is a critical safety ingredient in the cathodes of lithium-ion batteries powering the ever-increasing number of electric vehicles traveling global highways and a plethora of cordless electrical devices.

"Globally, the leading use is in the manufacture of cathode materials for rechargeable batteries – primarily lithium-ion, nickel-cadmium, and nickel-metal-hydride batteries – which are used in consumer electronics, electric and hybrid-electric vehicles, energy storage units, and power tools," the United States Geological Survey wrote in a 2018 report on critical minerals

As a result, the rechargeable battery sector will drive the demand of cobalt higher, faster than the mining sector will bring new supplies of the battery metal to market.


Australian Mines LTD (AMSLF) has plenty of cobalt. Get in while this stock is affordable.

https://www.miningnewsnorth.com/page/batteries-create-critical-cobalt-situation/5749.html

Miners push for US Congress to vote on electric vehicle supply chain bills

Mining executives eager to speed U.S. production of lithium and other metals for the burgeoning electric vehicle industry are frustrated that the U.S. Congress has yet to pass legislation designed to streamline mine permitting and fund geological studies, among other steps.

Earlier this year, Washington’s trade war with Beijing threatened to curb Chinese shipments to the United States of rare earth minerals used in defense equipment. China is also the world’s largest electric vehicle battery producer, processor of lithium and consumer of copper.

“We don’t have great clarity on what the legislative timelines are,” said Keith Phillips, chief executive of Piedmont Lithium Ltd, which is developing a lithium mine in North Carolina. “This pending legislation would be a big positive” to help secure investment.

There is a race out there to develope an electric vehicle supply chain. Australian Mines LTD (AMSLF) is one of the mining companies that someone will be racing to get into an ev supply chain. Invest now while you can get it at a good price.

https://www.mining.com/web/miners-push-for-us-congress-to-vote-on-electric-vehicle-supply-chain-bills/

US steps up efforts to limit China’s control of critical minerals

The US government is stepping up efforts to break China’s dominance over supplies of critical minerals for range of modern life’s aspects including electric vehicles (EVs), green technologies and military applications by launching a plan to boost lithium, cobalt and rare earths mining across the globe.

The Energy Resource Governance Initiative (ERGI) initiative, announced in June, so far involves Australia, Botswana, Peru, Argentina, Brazil, Democratic Republic of the Congo, Namibia, the Philippines and Zambia.

The scheme seeks to promote responsible mining of 15 materials expected to be in high demand as the adoption of technologies such as EVs, battery storage and wind turbines continues to rise.

“We want to ensure that these important mineral commodities remain free from international coercion and control,” US secretary of state, Mike Pompeo, said in a meeting held on Thursday at the United Nations General Assembly.

WASHINGTON HAS GROWN MORE CONCERNED RECENTLY ABOUT ITS DEPENDENCE ON MINERAL IMPORTS AFTER BEIJING SUGGESTED USING THEM AS LEVERAGE IN THE TRADE WAR BETWEEN THE WORLD’S TWO LARGEST ECONOMIES.

“The work that we’re doing here is absolutely essential – it’s essential to ensuring secure and reliable energy supplies for every nation,” he noted.

Australian Mines LTD (AMSLF) is going to be critical mining company who metals will be in demand in this race for critical metals. Now is the time to invest in Australian Mines LTD (AMSLF).

https://www.mining.com/us-steps-up-efforts-to-limit-chinas-control-of-critical-minerals/

Australian Mines & SK Innovation Signs Supply Contract to Import Core Materials for EV Batteries

http://www.businesskorea.co.kr/news/articleView.html?idxno=34706

Australian Mines Owns It's Mines 100%.

So, there will be no division of the profit with other players in it's mines.

AMSLF's mines will come online just in time for this big increase in demand for nickel and cobalt predicted to be around mid 2020. So now is the time to get in on this stock. It's going to rise dramatically.

https://www.bbc.com/news/business-49265455