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Element 25 secures access agreement for manganese exports from Utah Point Port First shipment from the company’s Butcherbird Manganese Project material to offtake partners is expected in June 2021. Utah Point bulk loading facility in Port Hedland, Western Australia. (Photo: Pilbara Ports Authority). Element 25 Ltd (ASX:E25) has executed a multi-user access agreement with Pilbara Port Authority to use Port Hedland Utah Point facility for the bulk export of manganese from the company’s 100%-owned production facility at the Butcherbird Project. Terms of the agreement are commercial in confidence but in line with Pilbara Port Authority’s normal operating terms and satisfy the company’s capacity requirement for the first stage of operations up to 390,000 tonnes per annum. ....
S&P/ASX 200 lifts 0.65% as consumer confidence rises to 19-month high Companies S&P/ASX 200 lifts 0.65% as consumer confidence rises to 19-month high Brent crude oil futures for July gained 2.9% to US$68.40 a barrel after a new deal to lift sanctions against Iran became less likely than it was last week. Mizuho’s Bob Yawger said, “The Iranians and western powers cannot get the details worked out that will get this deal signed and delivered.” S&P/ASX 200 (INDEXASX:XJO) has lifted 0.65% to 7091.7 points by about 1 pm following a strong lead from Wall Street. The mood is upbeat as the weekly ANZ-Roy Morgan consumer confidence rating rose by 1.5% to a 19-month high of 114.2 (long-run average since 1990 is 112.6). ....
Why Stokes swapped iron ore for buckets of salt Share Ryan Stokes says he has no regrets about the sale of iron ore assets to focus on a salt project on the West Australian coast that has attracted $450 million in finance from the Morrison government. His logic is that iron ore prices are volatile and can plunge just as readily as they have surged over the past year, and that Stokes-backed BCI Minerals did not have assets of the scale needed to prosper through the cycles. Trail evaporation ponds at BCI Minerals’ Mardie salt project in WA. BCI, which is 39.9 per cent owned by Mr Stokes and his Rich Lister father Kerry’s private investment vehicle Wroxby, opted to sell iron ore deposits in WA’s Pilbara and concentrate on the Mardie salt and sulphate of potash project. ....