Copper shares soar and green hydrogen goes digital
welcome to Second and take the show that focuses on the issues behind the news my name weekly editor Martin ker joins me today to unpack the latest news in the mining industry welcome Martin thanks s can you tell us about copper 360 shares Rising more than 26% after it shipped concentrates from the northern cave you know copper 360 is really working at a good Pace copper in the world needs to be there and we need to produce it at a pace the world does and if they all do it at the pace that copper 360 is doing it I think we won’t have any problem because if we look back at the northern Cape you know it’s 1940 up to 1980s and 90 that was a big copper area but the copper price fell at that stage so they abandoned all those mines it’s brilliant now that incomes copper 360 gets into these areas where there’s no not only dump material which they turning into copper cathode but there’s also other opportunities to get moving fast so for the first time in 21 years they’ve shipped out copper concentrate into the market and so that pace is is really what we need and and we can see the their mining right is colossal so they’re talking about a dozen possible mines there so this area could be a very major uh copper area bigger than even it was in the past you know if we if we do this well and I think it will be done well you know the the Johannesburg Stock Exchange listing is there on the old Tex we can see that the payout of dividends is going to come early next year because that was the condition of some of the loans but on the whole I think that we really can look forward to some good developments coming out of the northern Cape now or minerals also had its Shar Skyrocket to 58% on the Australian stock exchange yes so you’ve got copper 360 but you’ve had Orion minerals you know going in there for many years now also seeing this vision of what was a big copper area and a zinc area and how we can bring that back so they’re looking at their Flagship prisca you know it’s just a matter of months now before that starts to produce and then you’ve got the oep projects as well plus they’ve got two exploration projects and because they are listed on the Australian exchange they having to sort of drill a lot and they’re talking about the OIP or body being like a chocolate cake but full of cherries and as they drill there you know they they can prove to Australia they can prove this is no flook this is something that’s there so their share price rocketed the the sholders in Australia particularly 58% % they recognized hey what these people have been saying is real because you know these are complying with all the drilling regulations and showing you it is exactly there so we had their shares also going and that’s the northern Cape again so we can see a lot of activity there and hopefully this will turn to Bigg count in the not too distant future lastly tell us about the new digital system that can be used to buy and sell green hydrogen you know we’re in a totally different era we’ve come through an era where we’ve had oil and gas and uh you know we’ve had these refineries and then the refineries would pipe and there would be S no no clear indication of who’s doing what it’d be big oil companies you’d have to pay for everything in advance when we got to the petrol station probably still have to do that but with the green hydrogen you see these new participants like life in in in France they they are at Sea and they’re on land they’re producing this green hydrogen they’re saying you know because we’re in the New Era this can be a far more widespread Arrangement because if we’ve using existing infrastructure which new technology will allow you know you click on a button and you say we want some of this green hydrogen oh where do you want it over there and you get it and they’ve already set this up so they’ve they set up a situation orders are coming in from people using digitization the modern digitization and it’s widespread it’s not like the little hubs we used to have and it can mean that this really spreads in a way that it’ll have an impact on price it will have an impact on decarbonizing and it’s the decarbonizing r when you get back to it that we’ve got to have and it’s only green hydrogen really that can give that you in the proper way which is also good for our Platinum Group Metals industry because the moment they choose you know the the P electrodes electrolysis it it helps us with the production of that and then when they convert that green hydrogen back into electricity they can use Platinum Group Metals again in the fuel cells so it’s very important for us we’re going to have to really look at this in South Africa to try and get into this new era Foster particularly now with these bids being made for anglo-american and the confusion here we should really focus our mind and making sure we advance domestically and go ahead with what is happening also around the world as we saw with life in France this week thanks for speaking with us Martin a great pleas session here that’s it for today join us again next week for more news analysis on the local and Global mining Industries please subscribe to Creo media’s engineering news and Mining weekly please email subscriptions at Crea media
Mining Weekly Editor Martin Creamer unpacks Copper 360’s shares rising more than 26% after it shipped concentrates from the Northern Cape; Orion Minerals shares rocketing to 58% on the Australian Stock Exchange; and the new digital system that can be used to buy and sell green hydrogen.
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