patarnoster
Member
That pre-FID pre construction positioning is happening right now, how long will it last, well thats going to be interesting. Monday will be fun.
ARU's Offtake/Funding Strategy
- Thread starter John
- Start date
Andrew Ratcliffe
New member
Another arafura mention in the press.
patarnoster
Member
could you screenshot some of the specific call outs?
Andrew Ratcliffe
New member
Tail end of the article. Pretty sure it was the only rare earths company mentioned. Again I get the feeling Gina's people are hyping it up. Good to see Arafura mentioned in the same article as American DOD investments.
Attachments
patarnoster
Member
Gina connects all the dots, she attended the Trump parties too... quite the puppet master. Lets see what next week brings.
Andrew Ratcliffe
New member
Iron Ore Billionaire Rinehart Now Also A Rare Earth Billionaire
High and rising prices for rare earths used in commercial and military technologies has boosted the fortune of Australian iron ore billionaire Gina Rinehart
www.forbes.com
EddyMoney87
Member
The big winners from the Australia-US critical minerals deal
Two big winners
While the deal boosted sentiment in the Australian critical minerals space, there were two big winners in Albanese’s announcement, Arafura Rare Earths (ASX: ARU) and a joint venture between Alcoa (NYSE: AA) and Sojitz Corp (TYO: 2768).
It was a double win for Gina Rinehart-backed Arafura, which also received a letter of interest (LoI) from the Export-Import Bank of the United States (EXIM) for up to $300 million of funding for its $1.2 billion Nolans project in the Northern Territory.
“I’ve never seen this level of cooperation between the tops of two governments working together in terms of matching supply and funding. It’s actually quite historic,” Arafura managing director Darryl Cuzzubbo told MINING.com from New York, where he had just completed 12 consecutive hours of investor meetings.
“Essentially, through the agreement, Australia is giving somewhat preferential treatment to its critical minerals, to the US, and in return, the US is giving somewhat preferential treatment to funding and price mechanisms, particularly funding, both on the debt and the equity side.
“And then secondly, the agreement spells out how the process can be sped up, which will allow projects to move into construction quicker than they otherwise would,” Cuzzubbo said.
Ready to build
The Australian government announced a $100 million equity investment in Arafura’s Nolans project through Export Finance Australia.
Arafura has already invested A$60 million ($39 million) in early works at Nolans.
“We’re expecting to finalize our cornerstone equity by the end of this year, and that allows us to then finalize the rest of the funding early next year and then move into construction early next year,” Cuzzubbo said.
Nolans has a three-year construction period and a two-year ramp-up phase. Once in full production, it will produce 4,440 tonnes per annum (tpa) of neodymium-praseodymium, 573tpa of mixed middle-heavy rare earths oxide and 5144,393tpa of phosphoric acid.
“You’ve got Korea, the US and Germany trying to diversify away from China. At the same time, demand is doubling,” Cuzzubbo said.
“Then you look at the rare earths supply pipeline, the number of projects that can move into construction, there’s not too many projects that are going to move into production in the next five to 10 years.”
Two big winners
While the deal boosted sentiment in the Australian critical minerals space, there were two big winners in Albanese’s announcement, Arafura Rare Earths (ASX: ARU) and a joint venture between Alcoa (NYSE: AA) and Sojitz Corp (TYO: 2768).
It was a double win for Gina Rinehart-backed Arafura, which also received a letter of interest (LoI) from the Export-Import Bank of the United States (EXIM) for up to $300 million of funding for its $1.2 billion Nolans project in the Northern Territory.
“I’ve never seen this level of cooperation between the tops of two governments working together in terms of matching supply and funding. It’s actually quite historic,” Arafura managing director Darryl Cuzzubbo told MINING.com from New York, where he had just completed 12 consecutive hours of investor meetings.
“Essentially, through the agreement, Australia is giving somewhat preferential treatment to its critical minerals, to the US, and in return, the US is giving somewhat preferential treatment to funding and price mechanisms, particularly funding, both on the debt and the equity side.
“And then secondly, the agreement spells out how the process can be sped up, which will allow projects to move into construction quicker than they otherwise would,” Cuzzubbo said.
Ready to build
The Australian government announced a $100 million equity investment in Arafura’s Nolans project through Export Finance Australia.
Arafura has already invested A$60 million ($39 million) in early works at Nolans.
“We’re expecting to finalize our cornerstone equity by the end of this year, and that allows us to then finalize the rest of the funding early next year and then move into construction early next year,” Cuzzubbo said.
Nolans has a three-year construction period and a two-year ramp-up phase. Once in full production, it will produce 4,440 tonnes per annum (tpa) of neodymium-praseodymium, 573tpa of mixed middle-heavy rare earths oxide and 5144,393tpa of phosphoric acid.
“You’ve got Korea, the US and Germany trying to diversify away from China. At the same time, demand is doubling,” Cuzzubbo said.
“Then you look at the rare earths supply pipeline, the number of projects that can move into construction, there’s not too many projects that are going to move into production in the next five to 10 years.”
patarnoster
Member
Quicker than it normally would? That’s new
DC is hitting the nail on the head with the last four paragraphs......really well done.
"
“We’re expecting to finalize our cornerstone equity by the end of this year, and that allows us to then finalize the rest of the funding early next year and then move into construction early next year,” Cuzzubbo said.
Nolans has a three-year construction period and a two-year ramp-up phase. Once in full production, it will produce 4,440 tonnes per annum (tpa) of neodymium-praseodymium, 573tpa of mixed middle-heavy rare earths oxide and 5144,393tpa of phosphoric acid.
“You’ve got Korea, the US and Germany trying to diversify away from China. At the same time, demand is doubling,” Cuzzubbo said.
“Then you look at the rare earths supply pipeline, the number of projects that can move into construction, there’s not too many projects that are going to move into production in the next five to 10 years.”"
“We’re expecting to finalize our cornerstone equity by the end of this year, and that allows us to then finalize the rest of the funding early next year and then move into construction early next year,” Cuzzubbo said.
Nolans has a three-year construction period and a two-year ramp-up phase. Once in full production, it will produce 4,440 tonnes per annum (tpa) of neodymium-praseodymium, 573tpa of mixed middle-heavy rare earths oxide and 5144,393tpa of phosphoric acid.
“You’ve got Korea, the US and Germany trying to diversify away from China. At the same time, demand is doubling,” Cuzzubbo said.
“Then you look at the rare earths supply pipeline, the number of projects that can move into construction, there’s not too many projects that are going to move into production in the next five to 10 years.”"
