Author Topic: ALS.TO - Altius Minerals  (Read 1744690 times)

linealdin

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Re: ALS.TO - Altius Minerals
« Reply #6830 on: November 20, 2018, 12:24:56 PM »
Interesting. Canada has lost quite a few of those. Although I thought I had heard that got weakened when they switched NAFTA to USMCA or whatever they're calling it now...

The legal basis is that the government didn't shut down the mines, and didn't expropriate Altius's coal or land. They are welcome to dig it out of the ground (and could probably get subsidies to do so). The utilities aren't allowed to burn it in Alberta though.

But the government would love it if they exported the coal or used it to produce some other saleable product.

The utilities own some of the coal mines. Transalta owns and operates Highvale coal mine, Capital Power owns 50% of the Genesee coal mine. Were the utilities specifically compensated for damage to their coal mine interests? Depends on the specific terms of the $1 billion settlement agreement. If so then Westmoreland deserves compensation, too. And perhaps Altius deserves compensation to its coal interests.

The government didn’t shut down the power plants, either. The utilities can burn gas or biomass or whatever after 2029. We’ll see how interested the province is in taking their chances at trial. Put the pressure on.


linealdin

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Re: ALS.TO - Altius Minerals
« Reply #6831 on: November 21, 2018, 07:26:59 AM »
https://www.pierceatwood.com/sites/default/files/Energy%20Infrastructure%20Symposium%202018%20-%20Panel%202%20Slides%2010.04.18.PDF

Great Bay Renewables presentation from October 4th, 2018. Development stage projects, where Brian Dalton says they've been finding higher IRR opportunities, are at the stage of securing land, obtaining permits, equipment deposits, and the interconnection process.

Great Bay is obviously well-connected and experienced. There's going to be a lot of co-investment royalty deal flow crossing Altius's desk. They just have to choose the right deals.

mikek

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Re: ALS.TO - Altius Minerals
« Reply #6832 on: November 21, 2018, 01:46:35 PM »
Interesting article that seems to think this new change will help coal continued to be used in Alberta quite a bit.

https://www.cbc.ca/news/opinion/federal-carbon-pricing-1.4905481

"This seemingly small change will make a heck of a difference. It has been calculated by economist Blake Shaffer that the cleanest coal plants, despite being much much dirtier than gas, and much, much, much dirtier than renewables, will only pay the equivalent of $1 per tonne. In contrast, you and I, average Canadian citizens, will be paying a rate of $20 per tonne starting in 2019. With this thumb on the scale, coal plants will be incented to run before cleaner gas plants. And why rush to build new renewable energy when coal plants are going to be cheap enough to stay in the game for the long haul?"

linealdin

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Re: ALS.TO - Altius Minerals
« Reply #6833 on: November 21, 2018, 03:51:23 PM »
https://ceo.ca/@newsfile/excelsior-mining-greenstone-resources-confirms-us94

Excelsior raises another US$9.4 million with Greenstone exercisingits anti-dilution rights. Stage 2 capex should be covered easily if Triple Flag exercises its US$65 million expansion option. Rich treasury.
« Last Edit: November 23, 2018, 02:06:52 AM by linealdin »

reader

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Re: ALS.TO - Altius Minerals
« Reply #6834 on: November 22, 2018, 02:12:54 AM »
Nearing a bear market, China steel sector weighs record output, a softer economy.


https://reut.rs/2KpGWbm

linealdin

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Re: ALS.TO - Altius Minerals
« Reply #6835 on: November 25, 2018, 11:47:30 AM »
https://www.google.com/amp/s/www.cbc.ca/amp/1.4906461

Ball said a second major meeting revolved around iron ore and mining, adding it's a big commodity in the Chinese market. A deal between Alderon Iron Ore Corp. and HBIS, a Chinese steel enterprise, is in the making according to the premier.

"We're trying to get that deal finalized. They've made a commitment to that, and we feel they're going to live up to that commitment," he said.

"It's going to take some time, but it's a 'show we're ready' project, which would mean upwards to a billion dollars for Newfoundland and Labrador."
« Last Edit: November 25, 2018, 11:51:53 AM by linealdin »

linealdin

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Re: ALS.TO - Altius Minerals
« Reply #6836 on: November 25, 2018, 12:01:30 PM »
A new deal with Hebei means one or more of the following:

1) Increased ownership by Hebei on the Kami project level (up from 25%).

2) Hebei letting a Japanese steelmaker cut in for a portion of the offtake and some project level ownership (15% or so). A new strategic investor would cut the risk for Hebei: another deep pocket to share the capex burden.

3) Hebei securing Chinese Export Credit Agency debt for Kami (US$100 million plus).

4) Hebei securing Chinese senior bank debt for Kami (US$300 million plus).

linealdin

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Re: ALS.TO - Altius Minerals
« Reply #6837 on: November 26, 2018, 05:09:26 AM »
http://altiusminerals.com/uploads/2018-11-26-Altius-Files-Compensation-Claim-for-Coal-Final.pdf

Altius files Genesee coal lawsuit. C$190 million total claim. Altius is 52.36% general partner, so its claim is for C$99.48 million. Costs of lawsuit likely split with the minority partners (Liberty Metals and John Tognetti).

linealdin

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Re: ALS.TO - Altius Minerals
« Reply #6838 on: November 26, 2018, 05:22:28 AM »
https://www.newswire.ca/news-releases/aethon-minerals-announces-resignation-of-president-and-ceo-and-appointment-of-interim-ceo-701236141.html

Aethon Minerals CEO Robert Davies resigns. Next option payment for Llahuin reduced and payment date extended.

linealdin

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Re: ALS.TO - Altius Minerals
« Reply #6839 on: November 26, 2018, 08:35:12 AM »
http://altiusminerals.com/uploads/Altius-Statement-of-Claim-Filed-23-Nov-2018.pdf

This is the statement of claim filed by Altius against the Alberta and Federal governments. Their attorney is Code Hunter, LLP. Boutique litigation firm, not too well known. The legal fees should be relatively modest.

The discovery process should be interesting. Altius will request all communication and documents related to the decision to richly compensate Capital Power but not any of the other Genesee stakeholders.

Alberta will at the same time be defending a C$500 million NAFTA lawsuit by Westmoreland Coal regarding the same issues. I do think there's some chance of a positive global settlement of these issues eventually. Pennies on the dollar being claimed, perhaps.