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bereal

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Hey stocks, you bring up a couple of things there.

 

First of all, the proposed Battery Plant is Imperium3 or IM3, not Magnis (Magnis is a part owner of Imperium3)

 

Second is that Battery Manufacturing cannot replace coal. Batteries do not produce their own energy, they store energy for later use. You would have to replace coal with wind, solar, etc and then batteries are a complimentary product to provide stability to the grid.

 

What your brother (or other person who raised the question) could/should have asked is:

 

"If the generation of coal power was to reduce or be decommissioned, what alternative methods of energy production are being proposed by the government and what investments are currently being considered? If clean energy projects such as wind and solar are being recommended, could the proposed Battery Manufacturing hub in Woodstock by Imperium3 provide the necessary products to bring reliability to this form of power generation?"

 

Hope this helps :)

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Could also be that all the original media coverage was quoting the Boston Energy & Innovation Consortium (BEI) - the MOU signed with the Townsville City Council was with the BEI.

https://www.bostonenergyandinnovation.com/australian-project

 

I'm surprisedf the Battery plant was not mentioned in discussions about the Adani project. I've read dozens of articles suggesting the proposed $2 bil funding from NAIF for the Adani mine should be directed elsewhere - including the proposed Townsville Battery Plant - a couple of examples

 

]Stopping the Adani loan allows NAIF to fund four or five additional projects of this scale in Queensland.

Other projects reported to be seeking NAIF funding are

ï‚· A 22 hectare battery factory in Townsville employing a potential 1000 people.7

ï‚· A sugar mill that also generates bio-energy.8

ï‚· Toll roads, relieving rates pressure.9

NAIF could also fund remote solar and storage, remote community

telecommunications access and tourism infrastructure. The Queensland Government

itself could propose projects and access NAIF funding for any economic infrastructure

it seeks

http://www.tai.org.au/sites/defualt/files/...eto%20FINAL.pdf

 

From GetUp

This could be a game changer for people struggling to find work in regional Queensland.

 

A global consortium are investigating a battery manufacturing plant in Townsville - batteries to power electric cars, solar homes and even solar micro grids.1 There would be 1,000 direct jobs in Townsville, and as many as 6,000 more jobs downstream.

https://www.getup.org.au/campaigns/renewabl...-renewable-jobs

 

etc, etc.

 

 

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A very "personal" tweet from Tolga Kumova on Simon Moore's twitter feed when someone put up MNS's ann re no cobalt/nickel in MNS's battery chemistry. I guess having a couple of cobalt plays (EUC & MEI) to promote he needs to say that?

 

Tolga Kumova‏ @KumovaTolga

Follow Follow @KumovaTolga

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Replying to @TheMurfDawg

I first invested in Frank when he was at INL. He lied then. String investors along. No acid for anode. Townsville battery plant. Change the cathode chemistry. All rubbish. Took 15 years to make cathode chemistry what it is today. They can change overnight? Read the "Powerhouse"

https://twitter.com/KumovaTolga/status/967583208446468096

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Lol, didn't Benchmark invite Whittingham to be the keynote speaker at the recent Cathode event? Hmmmm, twitter opinion from a self-recognised 'unqualified' 'mining executive' with vested interests, or a Nobel nominee backing up the cobalt free chemistry with a reputation based on decades of dedicated work?

 

 

Tolga might be peeved he wasn't asked :D

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Yep - Whittingham was their special Guest of HONOUR and Simon made several tweets afterwards honouring him, and his work.

 

Such a pity to see a director of an ASX listed company using social media in this manner against another ASX listed company director. Extremely poor form, IMHO.

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Had a chuckle at that one when I saw it. An ex stockbroker turned mining executive, now described in the media as a mining tycoon, telling the worlds largest battery manufacturers what to do. At least Paul Kehoe was a little more humble, admitting the Balama windfall ÃÆâ€â„¢ÃƒÆ’ƒâہ¡ÃƒÆ’‚¢ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡Ãƒâہ¡ÃƒÆ’‚¬ÃƒÆ’â€Â¦ÃƒƒÂ¢Ãƒ¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…âہ“was 80 per cent luck and 20 per cent skill" They weren't looking for graphite, rather uranium until Fukushima hit - someone then told them about the graphite/vanadium potential. Not sure what graphite "experience" he had at that stage to pass onto the likes of those companies, but can't imagine it was much.

 

Not taking away from what they achieved at SYR, but a little humility goes a long way - particularly since the financial success or otherwise of the Balama graphite project is not yet apparent and there are, judging by the number of shorts, a few betting it won't be. One also wonders why these companies are not yet knocking on SYR's door for supply. So far they have only attracted BTR.

 

That same year, Kumova was preparing to float KehoeÃÆâ€â„¢ÃƒÆ’ƒâہ¡ÃƒÆ’‚¢ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡Ãƒâہ¡ÃƒÆ’‚¬ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¾Ãƒâہ¡ÃƒÆ’‚¢s pet company Jacana (which housed the Balama deposit) as a uranium play. It also housed mineral sands and coal tenements in Tanzania. But the float was derailed spectacularly at the eleventh hour by the Fukushima disaster.

 

Read more: http://www.afr.com/markets/commodities/met...z#ixzz58IV91pFW

 

 

 

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