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  • Gold M&A: Barrick Gold Sent Revised Terms To Newmont Mining MUX TNR.v ABX NEM GDX GLD

    This story is not finished yet: there are too many benefits for this merger on the table to ignore it even for the egos involved. This deal will signify the new chapter in this Gold Bull market, which is climbing The Wall of Worry now. The chart above shows you why.

     

    Gold M&A: Barrick Gold - Newmont Mining Merger Talks ABX MUX TNR.v NEM


    "As you remember, we were looking for M&A activity in Gold and Commodities to pick up in order to confirm the major Bottom built up last year. Now we have the very important confirmation about that bottom from the industry insiders. Announced deals with Las Bambas - being bought by Chinese companies and these talks about the merger between Barrick Gold and Newmont Mining signify the very important point in the cycle. It is cheaper "to dig" for Gold and Copper on the Exchange than in the ground. Depressed market valuations of the resources represented by the discounted share prices of miners provide the best entry points in the decades for the commodity markets. It is not only our talk any more - it is the flash news from the top boardrooms in the mining business. It is the money talk by the Insiders. "Don't discount this merger talks in the future!"

     

    Las Bambas Purchase Shows China Is Still in the Hunt for Copper MUX TNR.v LCC.v CU

     

    TNR Gold Shotgun Gold Presentation TNR.v GDX GLD MUX

    "TNR Gold has published its new Shotgun Gold presentation. After the news about Barrick Gold and Newmont Mining talks about the merger we are looking for the major bottom in the mining cycle. The best projects will find its way now to the investors' radar screens."

    Wall Street Journal:

    Barrick Gold Sent Revised Terms to Newmont Mining

    Barrick Gold Corp. ABX.T +1.14% has sent an email outlining revised terms toNewmont Mining Corp. NEM +3.51% for a merger between the two gold mining giants that stalled last week, according to people familiar with the matter.

    The two sides had disagreed over plans for a spinoff of some assets and have been ininformal contact in recent days to iron out their differences, according to these people.

    A deal is far from certain. For a start, Toronto-based Barrick has yet to receive a response from its U.S. rival after the email was sent to Newmont's senior management on Tuesday, these people said.

    Formal high-level talks weren't expected to continue until at least after Newmont's annual general meeting, which happened Wednesday, according to people familiar with the matter.

    Merging the companies, which have a combined market value of more than $30 billion, would create a natural-resources giant with mines ranging from Indonesia to Africa and throughout North and South America.

    The two sides have tried to come together at least three times before, leading some analysts to question whether they will complete a deal this time.

    On Tuesday, Barrick Chairman Peter Munk said that it was "difficult to find a reason" for his company not to merge with Newmont in a deal that he said would provide cost savings given the proximity of the companies' mines in Nevada.

    In coming together, both sides are looking at savings of $1 billion, people familiar with the matter said. Most analysts believe that would be closer to $500 million.

    The two sides had clashed over how specific they should be, when announcing a deal, over which assets should go into the new spinoff, people familiar with the matter said."

    Apr 24 9:48 AM | Link | Comment!
  • Powered By Lithium: VW Ready To Spend $25B On At Least 6 EVs In China By 2018 ILC.v TNR.v LIT

    Finally we are getting some serious numbers and attention to the Electric Cars and China's pollution problem. 25 Billion is not a small change by any measure and it looks like all major automakers are rising to the challenge of the green mobility to save China from chocking on the horrible air pollution.

     

    Powered By Lithium: Volkswagen Could Build Plug-in Hybrids In China ILC.v TNR.v LIT BYDDY KNDI


    "Now Volkswagen joins Tesla Motors' Elon Musk with his dreams about the huge market share for Electric Cars in the largest auto market in the world in China. The largest number of the most populated and, unfortunately, most air polluted cities is situated in the same geographical place and Chinese government has announced the war on pollution. Electric Cars and China are destined for each other.

    This move from the largest European automaker shows that risk of losing their proprietary technology can not stop automakers from entry in the most lucrative market. China is ready for it and is building Vertically Integrated Lithium Battery Business and waiting for the access to the best latest Electric Cars technology. Electric Cars are benefiting from government incentives only if they are produced in China. Daimler was one of the first to show the way with its Denza Electric Car - product of the J/V with BYD - Shenzhen BYD Daimler New Technology Company. Lithium Materials producers are keeping ear close to the ground in China and ramping up its production facilities already now."

     

    International Lithium: Moving Forward With Strategic Partner Ganfeng Lithium ILC.v TNR.v LIT

    International Lithium has issued the newsletter covering the latest transactions with its strategic partner Ganfeng Lithium from China.

    International Lithium: Ganfeng Lithium Is Halted Pending Major Acquisition ILC.v TNR.v LIT TSLA KNDI


    "We are following International Lithium here with its strategic partner from China Ganfeng Lithium. Elon Musk with his Tesla Gigafactory has brought a lot of attention to the Lithium strategic commodity story and Asian companies are coming into the spotlight as well now. LG Chem is talking about building major Lithium battery plant in China and Lithium Materials Industry is getting the green light from the Chinese government in its efforts to curb the horrible pollution.

    "Kirill Klip, president of International Lithium (TSXV:ILC), views the announcement of Tesla's Gigafactory as a "groundbreaking development."

    Tesla "brought attention to what Elon Musk has accomplished," Klip told Lithium Investing News. "He showed to everyone that electric cars are not toys anymore - they are for real."

    International Lithium's Strategic Partner, Ganfeng Lithium, Takes Large Stake in Mariana and a $10 million Option on the Blackstairs Projects ILC.v TNR.v LIT


    "Mar 19, 2014 (ACCESSWIRE via COMTEX) -- Vancouver, B.C. / ACCESSWIRE / March - 2014 / International Lithium Corp. (the "Company" or "ILC") announces several major transactions with strategic partner GFL International Co., Ltd. ("Ganfeng Lithium" or "GFL")."

    AutoBlogGreen:

    VW Ready To Spend $25B On At Least 6 EVs In China By 2018

    Standing next to the lovely GTE plug-in hybrid during the Beijing Motor Show, VW CEO Martin Winterkorn announced a renewed, $25-billion focus for the German automaker on electric mobility in China. EVs + China is not a new equation for VW (see here and here and here), but the time is now for the plan to come together, apparently. As Winterkorn said in a statement (available below), "We are launching the biggest initiative for e-mobility in China's automotive history."

    "We are launching the biggest initiative for e-mobility in China's automotive history" - Martin Winterkorn

    With the Porsche Panamera S E-hybrid already in showrooms, the next tip of the spear is made up of the all-electric e-up! and e-Golf, both of which are due later this year. In 2015, the Audi A3 e-tron and Golf GTE will arrive. In 2016, there will be two exclusive-to-China plug-in hybrid vehicles in showrooms: a A6 PHEV and a "new mid-size limousine from the Volkswagen brand." VW Group may even throw in the Bentley Hybrid Concept for good measure. The China-only models will be built in the country and VW is investing over $25 billion between now and 2018, creating an expected 20,000 jobs."

    VOLKSWAGEN GROUP STARTS ELECTRO-MOBILITY CAMPAIGN IN CHINA

    CEO Prof. Dr. Winterkorn: "We are launching the biggest initiative for e-mobility in China's automotive history."
    Campaign gets underway with electric up!1 and e-Golf2
    Over €18 billion to be spent on new vehicles, technologies and plants up to 2018
    Over 500,000 employees at more than 3,600 dealerships in 2018
    Vehicle deliveries in China targeted to top 3.5 million for first time in 2014

    Wolfsburg / Beijing, April 22, 2014: "The Volkswagen Group is once again assuming a pioneering role in China and launching the biggest initiative for e-mobility in China's automotive history," Prof. Dr. Martin Winterkorn, CEO of Volkswagen Aktiengesellschaft, announced at the Auto China motor show in Beijing. The initiative gets underway with the launch this year of the Volkswagen brand's electric up!1 and e-Golf2 models.

    While the Porsche Panamera S E-hybrid3 is already in the showrooms in China, the Group will be launching two further innovative plug-in hybrid vehicles there next year with the Audi A3 e-tron4 and the Golf GTE5. Starting in 2016, this will be followed by two models developed specially for the Chinese market: These are the Audi A6 and a new mid-size limousine from the Volkswagen brand, both plug-in hybrids which are being developed together with the joint venture partners FAW Volkswagen and Shanghai Volkswagen and will be produced locally. Furthermore, the Bentley Hybrid Concept opens a window on the broad-ranging potential of hybrid technology.

    Winterkorn went on to say. "All these vehicles are highly efficient and eco-friendly. And at the same time they offer lots of driving pleasure. That is exactly what people all over the world and here in China expect of the Volkswagen Group. Thanks to the modular strategy, which is also being implemented at our Chinese factories, we can electrify nearly every model in our range: From small cars to large sedans, from pure electric drives to plug-in hybrids."

    As a result, the Volkswagen Group is making its Chinese vehicle fleet ever more efficient. Seventeen Group models already meet the updated legal requirements set by the Chinese authorities to qualify as 'especially energy-efficient vehicles'. "Here in China, we are now setting out on the road to a future of emission-free mobility," Winterkorn added.

    Investments remain at record level

    To that end, the two joint venture partners FAW Volkswagen and Shanghai Volkswagen are investing more than ever before in state-of-the-art vehicles and drives, green technologies and resource-efficient plants. €18.2 billion will be invested up to 2018. As Winterkorn commented: "Our team of over 2,700 engineers in China and our partners are working together on pioneering technologies, and we are banking on China's innovative power." The company will continue on its growth trajectory. Over the coming years, more than 20,000 new skilled jobs will be created in China alone.

    50 percent expansion of dealer network by 2018

    In addition, the Group's dealer network will see significant growth and increase by 50 percent from the present approx. 2,400 dealerships to over 3,600 partners. More than 500,000 people will then be employed by the Volkswagen Group's Chinese dealer organization. The success of the dealerships is based on an ever-growing range of attractive models. This year alone, the Group brands will be putting over 30 new models, successor models and product upgrades in Chinese showrooms.

    China plays key role in Strategy 2018

    Winterkorn also said that "China is the Volkswagen Group's largest single market and plays a key role in our Strategy 2018. For 2014, we have once again set our sights on double-digit growth in China and are aiming to deliver over 3.5 million vehicles to customers for the first time in a calendar year." According to Winterkorn, the Group is also making good overall progress across all markets: "This year, our Group is aiming to deliver over ten million vehicles to customers worldwide for the first time." That would mean the quantitative target of Strategy 2018 would have been achieved four years earlier than planned.

    Digitalisation also redefining the car in China

    China will be an integral part of the Group's 'Future Tracks' initiative. As Winterkorn explained: "Here in China, as elsewhere, people's expectations of mobility and the automobile are changing faster and faster." Moreover, increasing digitalization is confronting the automotive industry with challenges while at the same time presenting great opportunities as well. The Volkswagen Group is addressing this and other issues of the future with its 'Future Tracks' initiative: "We will intensify our customer orientation even further so that we can respond even faster and more flexibly to customers' wishes - particularly here in China."

    The best experts and masterminds in the Volkswagen Group are joining forces in the 'Future Tracks' initiative to find answers to the long-term trends and challenges of the automotive world. That also includes innovative vehicle-related services which will increase in popularity going forward. Winterkorn said: "That will put us in a position to take precisely the right car with the right technology to customers and the market at precisely the right time. For me, 'Future Tracks' contains many essential elements for continuing and evolving our Strategy 2018."

    electric-up! - Energy consumption in kWh/100 km: 11.7 (combined); CO2 emissions in g/km: 0 (combined); efficiency class: A+
    e-Golf - Energy consumption in kWh/100 km: 12.7 (combined); CO2 emissions in g/km: 0 (combined); efficiency class: A+
    Porsche Panamera S E-Hybrid - Fuel consumption in l/100km: 3.1 (combined); energy consumption in kWh/100 km: 16.2 (combined); CO2 emissions in g/km: 71 (combined); efficiency class: A+
    Audi A3 Sportback e-tron - Fuel consumption in l/100 km: 1.5 (combined); energy consumption in kWh/100 km: 14.2 (combined); CO2 emissions in g/km: 35 (combined); efficiency class: A+
    Golf GTE - The vehicle has not yet gone on sale. It does not yet have type approval and therefore Directive 1999/94/EC does not apply. Provisional values: Fuel consumption in l/100 km: 1.5 (combined); CO2 emissions in g/km: 35 (combined).

    Apr 24 9:45 AM | Link | Comment!
  • Powered By Lithium: BMW Ups I3 Production To 100 Units A Day To Meet Demand ILC.v TNR.v LIT

    It looks like Electric Cars are finally delivering some upside surprises. Tesla Motors is in the headlines today with the first Model S being delivered in China and BMW is getting even better acceptance than expected by the German auto-maker so far. We are at the tipping point when the mass adoption of Electric Cars is becoming the reality.

     

    Powered By Lithium: BMW Bets On Electric Cars In China ILC.v TNR.v LIT


    "Now we can see that BMW is following the trend and will make Electric Cars in J/V with Chinese automaker. China is opening its largest auto-market in the world for Electric Cars and pushing the world's major automakers to share their technology in J/V enterprises. All government incentives for Electric Cars in China are applicable only to the EVs produced in China."

    International Lithium: Moving Forward With Strategic Partner Ganfeng Lithium ILC.v TNR.v LIT

    International Lithium has issued the newsletter covering the latest transactions with its strategic partner Ganfeng Lithium from China.

    International Lithium: Ganfeng Lithium Is Halted Pending Major Acquisition ILC.v TNR.v LIT TSLA KNDI


    "We are following International Lithium here with its strategic partner from China Ganfeng Lithium. Elon Musk with his Tesla Gigafactory has brought a lot of attention to the Lithium strategic commodity story and Asian companies are coming into the spotlight as well now. LG Chem is talking about building major Lithium battery plant in China and Lithium Materials Industry is getting the green light from the Chinese government in its efforts to curb the horrible pollution.

    "Kirill Klip, president of International Lithium (TSXV:ILC), views the announcement of Tesla's Gigafactory as a "groundbreaking development."

    Tesla "brought attention to what Elon Musk has accomplished," Klip told Lithium Investing News. "He showed to everyone that electric cars are not toys anymore - they are for real."

    International Lithium's Strategic Partner, Ganfeng Lithium, Takes Large Stake in Mariana and a $10 million Option on the Blackstairs Projects ILC.v TNR.v LIT


    "Mar 19, 2014 (ACCESSWIRE via COMTEX) -- Vancouver, B.C. / ACCESSWIRE / March - 2014 / International Lithium Corp. (the "Company" or "ILC") announces several major transactions with strategic partner GFL International Co., Ltd. ("Ganfeng Lithium" or "GFL")."

    AutoBlogGreen:

    BMW Ups i3 Production To 100 Units A Day To Meet Demand

    To reverse the old Field of Dreams quote, they are coming, so BMW is building them. All indications are that US demand for the BMW i3 plug-in will be larger than initially expected. As a result, the automaker is upping production at its German factor by more than 50 percent in advance of stateside sales, Automotive Newssays, citing BMW boardmember Harald Krueger.

    BMW has started making about 100 i3s a day, up from its previous daily rate of about 70 units. So far, BMW, which is expected to begin sales of the i3 in the US later this month, has made about 5,000 i3s. BMW spokesman Dave Buchko confirmed in an e-mail to AutoblogGreen that the company was boosting production of the i3 based not only on US demand but on worldwide demand, but he declined to be specific about BMW's new production rate.

    BMW started selling the i3 in Europe in November and had racked up a six-month waiting list by early February. Last month, Norbert Reithofer, chairman of the board of management for BMW, estimated that the company would be making a cool 100,000 i3s a year by the end of the decade, and that the global automotive market would support that production level. Check out our First Drive of the i3 here."

    Apr 23 5:46 PM | Link | Comment!
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