First cobalt6/7/2023 But you should bear in mind that it is of a general nature and does not constitute financial or tax advice. Before acting on the information, deListed suggests that you consider whether it is appropriate for your circumstances and recommends that you seek independent legal, financial, or taxation advice.ĭisclaimer: The information provided above is to the best of our knowledge accurate as of today. It has been prepared without taking into account your financial needs or tax situation. Getting advice: Information provided in this section is of a general nature and applicable only to Australian tax residents who hold their investments on capital account (ie for long-term investment purposes). This service has been provided online via the company’s website since 2004. deListed acquires only securities that it deems to be of little or no value, in circumstances where the holder is unable to sell their securities on-market in the normal manner. Updates, corrections, disagreements please email to information: deListed and InvestoGain are operated by Investogain Pty Limited which is licensed by ASIC as an Australian Financial Services Licensee (AFSL 334036). Any other enquiries relating to your securities should be followed up via our online form here. If you are seeking to crystallise a capital loss for tax purposes that process can be easily and quickly initiated at our online Worthless Shares facility here. To our knowledge this entity was delisted for reasons unrelated to either the takeover of its shares or the redemption of its securities. Ĭapital Gains Tax (CGT) Status: (updated at least quarterly) If you have questions about your shareholding they may be taken up with us here. Subsequent to delisting it may have changed its name. refinery too costly for now, but company officials are eying new federal funds aimed at boosting domestic mineral production that might help extend the mine's life cycle.Stock Exchange Status: (updated daily)This entity was delisted from the Australian Securities Exchange on 20 June 2019.ĪCN: 620 935 499 Registration Date: 03 October 2017To our knowledge this is a current registered entity, not in any form of external administration. The company projects an initial seven-year run. The cobalt from the Idaho mine will be shipped to a refinery Jervois is refurbishing in São Paulo, Brazil, to be processed. So companies will be jockeying to secure reliable sources of it, domestically and from allied countries, as how China will use its control over most DRC cobalt is uncertain. Still, Martin says the future is electrification of global energy grids, and cobalt plays a key role. Workers at Idaho Cobalt Operations watch a ceremony opening the mine Oct. "To think that we're going to be able to move all this back into the United States in short order and be self sufficient is not right." "It will be a while before we can actually say that this is going to be a growth industry," says Brad Martin, director of the RAND National Security Supply Chain Institute. Enough for several hundred thousand electric cars, the company says. Once fully operational, the Idaho mine is expected to meet only about 10% of overall U.S. The $100 million enterprise that publicly traded Jervois is launching will, even at full production, amount to a small blip in the global market. "So we viewed it as a strategically important asset for the country." "Idaho's is the only cobalt mine in the United States and it's going to remain so," Crocker says. Most of its production goes to China, which also controls most cobalt refining globally. Most of the cobalt mined in the world today comes from the Democratic Republic of Congo, where there are widespread child labor and other human rights problems. "This is geopolitically significant because the U.S. "I think this is a really important development for the U.S.," Crocker says. The Jervois mine is also mostly underground and will be capped once operations end, unlike the old, large open pit. It polluted local trout streams, but Jervois Global CEO Bryce Crocker says environmental safeguards are in place for this generation's mine, including $44 million set aside for cleanup, as required by federal law should something unexpected happen. The old mine, shuttered in 1982, was also the only cobalt mine in the U.S.
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