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Evolution Mining to Acquire Ernest Henry Mining from Glencore

Strategic Research Institute
Published on :
22 Nov, 2021, 5:30 am

Glencore and Evolution Mining Limited have entered into a binding agreement for the sale and purchase of Glencore’s 100% interest in Ernest Henry Mining Pty Ltd, the owner of the Ernest Henry Mining copper-gold mine in Queensland, Australia. Glencore will receive AUD 1 billion, comprising AUD 800 million on the closing of the transaction and a further AUD 200 million payable 12 months after the transaction closes. Evolution will assume full ownership and operational control of the copper-gold mine and will enter into a copper concentrate offtake agreement and separate ore tolling agreement with Glencore.

Evolution, a local Australian company, has worked in partnership with Glencore for the past five years at EHM and has emerged as a globally relevant low-cost gold producer with a strong growth profile.

Glencore will offtake 100% of the copper concentrate produced at EHM. Glencore will continue to be among Australia’s leading producers and exporters of the green metals that underpin the global transition to a low-carbon future.

The transaction is expected to close in early January 2022.
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Rio Tinto invests in InoBat

Strategic Research Institute
Published on :
22 Nov, 2021, 5:30 am

Rio Tinto is supporting the development of a battery ecosystem in Europe with an investment in Inobat Auto, a European-based battery technology and manufacturing company. This investment will support the completion of InoBat’s research and development centre and pilot battery line in Voderady, Slovakia. Today’s investment follows a Memorandum of Understanding signed in May, outlining an intention to work together to progress the establishment of a cradle-to-cradle electric vehicle battery value chain in Serbia.

InoBat, a European based battery manufacturer with a battery research and development facility and pilot plant under development in Slovakia, is actively pursuing plans to build a number of gigafactories, including one in Serbia. The company specialises in the pioneering research, development, manufacture, and provision of premium innovative electric batteries custom-designed to meet the specific requirements of customers within the automotive, commercial vehicle, motorsport, and aerospace sectors.

Rio Tinto’s USD 2.4 billion Jadar lithium-borates project in Serbia is one of the largest greenfield lithium projects in development. The Jadar project remains subject to receiving all relevant approvals, permits and licences and ongoing engagement with local communities, the Government of Serbia and civil society. It has the potential to produce approximately 58 thousand tonnes of battery grade lithium carbonate and position Rio Tinto as the largest source of lithium supply in Europe for at least the next 15 years.1
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BHP en Woodside fuseren energiebedrijf
Definitieve overeenkomst getekend.

(ABM FN-Dow Jones) Het Australische mijnbouwbedrijf BHP Group en Woodside Petroleum hebben een bindende overeenkomst getekend voor de fusie van de olie- en aardgasactiviteiten van BHP met Woodside, waardoor één van de tien grootste energiebedrijven ter wereld ontstaat.

Het fusiebedrijf zal aardolie en vloeibaar aardgas produceren en verwacht jaarlijkse synergievoordelen van meer dan 400 miljoen Amerikaanse dollar te kunnen realiseren.

Woodside zal het aandelenkapitaal kopen van BHP Petroleum International in ruil voor nieuwe aandelen in Woodside, waardoor BHP een belang van 48 procent in het nieuwe Woodside zal krijgen. Deze nieuwe aandelen zullen als een dividend worden uitgekeerd aan aandeelhouders van BNP en blijven genoteerd aan de Australische aandelenbeurs ASX. Woodside werkt ook aan een notering aan de NYSE in New York.

Op 17 augustus werd al een intentie uitgesproken tot de fusie.

BHP Petroleum had in het afgelopen boekjaar een omzet van 3,9 miljard dollar en een EBITDA-resultaat van 2,3 miljard dollar.

BHP is het grootste mijnbouwbedrijf ter wereld. Het bedrijf kondigde tegelijk met de energiefusie met Woodside aan zijn andere beursnoteringen tegen het licht te houden en die in Londen op te geven.

Door: ABM Financial News.

info@abmfn.nl

Redactie: +31(0)20 26 28 999
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Vale Bags Award for Innovative Use of Wind Propulsion in Shipping

Strategic Research Institute
Published on :
23 Nov, 2021, 5:30 am

Vale's project to create the world's first large ore carrier equipped with rotor sails won the Wind Propulsion Innovation Awards, presented by the International Windship Association in Glasgow, Scotland, at a side event during the 2021 United Nations Climate Change Conference. The organization, which encourages the global use of wind propulsion in commercial shipping, awarded Vale the prize in the category for companies that encourage the adoption of this type of technology through prototypes or commercial use - since May, the company's fleet of ships has a Guaibamax equipped with the rotor sails.

In total, 84 nominations were submitted to a panel made up of members of the industry, academia, supporters of wind propulsion technology and people linked to energy and sustainability areas. Vale was the winner in one of the four categories opened to the public vote. According to the organizers, pioneering projects, innovative technologies, people and companies that are making a difference in advancing wind propulsion as an efficient, low-carbon and sustainable option for the commercial shipping fleet were recognized.

The rotating sails are cylindrical rotors, four meters in diameter and 24 meters high - equivalent to a seven-story building. During operation, the five rotors rotate at different speeds, depending on the environmental and operational conditions of the ship, to create a difference in pressure in order to move the ship forward, based on a phenomenon known as the Magnus effect. Still in the testing phase, rotor sails can offer an efficiency gain of up to 8% and a consequent reduction of up to 3,400 tons of CO2 equivalent per ship per year. If the pilot proves to be efficient, it is estimated that at least 40% of the fleet will be able to use the technology, which would impact on almost 1.5% annual emissions reduction by Vale's iron ore shipping.
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nine_inch_nerd
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Battery Recycling: de toekomst! We kunnen niet alle Li-Ni-Co uit de bodem halen

Breaking the myths on battery recycling


www.spglobal.com/platts/en/market-ins...
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Rio Tinto Becomes Sole Owner of Diavik Diamond Mine in Canada

Strategic Research Institute
Published on :
29 Nov, 2021, 5:30 am

Rio Tinto has become the sole owner of Diavik Diamond Mine in the Northwest Territories of Canada, continuing its leading role in the Canadian diamond industry. A transaction has been completed for Rio Tinto’s acquisition of the 40 per cent share held by Dominion Diamond Mines in Diavik, following the Court of Queen’s Bench of Alberta’s approval.

With production at Diavik expected to end in 2025, its high-end, predominantly white gem quality diamonds with Canadian provenance continue to be in strong demand in all established and emerging consumer markets.

Under the terms of the transaction, Rio Tinto has acquired all remaining Diavik assets held by Dominion, including unsold Diavik production and cash collateral held as security for Diavik’s future closure costs. In return, Rio Tinto has released Dominion and its lenders from all outstanding liabilities and obligations to fund the operations or closure of the joint venture.

Rio Tinto has operated Diavik since production commenced in 2003. Located approximately 300 km north-east of Yellowknife, the mine employs over 1,100 employees, of which 17 per cent are Northern Indigenous people. In 2020, it produced 6.2 million carats of rough diamonds.
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BHP & Woodside to Create Global Energy Company

Strategic Research Institute
Published on :
29 Nov, 2021, 5:30 am

BHP Group and Woodside Petroleum Ltd have signed a binding share sale agreement for the merger of BHP’s oil and gas portfolio with Woodside. Woodside will acquire the entire share capital of BHP Petroleum International Pty Ltd (BHP Petroleum) in exchange for new Woodside shares. The signing of the SSA follows the merger commitment deed announced on 17 August 2021.

On completion, the Merger will create a global top 10 independent energy company by production and the largest energy company listed on the ASX.1 The combined company will have a high margin oil portfolio, long life LNG assets and the financial resilience to help supply the energy needed for global growth and development over the energy transition.
nine_inch_nerd
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Zeer interessant artikel van een zeer interessant bedrijf. Brede strategie. Nog interessant om in te stappen. Lees meer via de link!

StockFam™ Spotlight - St. George's Company Update
Nov 28, 2021

By StockFam™ • Issue #32 • View online
Company: St. George’s Eco-Mining

Industry: Mineral Resource

Stock Symbol: SX, SXOOF


Cutting edge technology (patent- pending) for lithium extraction, making the process cleaner and more economically viable
Production of premium fertilizer for the agri-food industry, taken from byproducts of their other processes.
Production of alumina, again as a byproduct, with two major Canadian/Global aluminum companies already signing agreements.
Lithium battery recycling process that preserves 99% of materials for reuse, saving landfills and presenting a mineral resource for North American buyers.
Exploration properties leading to deposits in battery minerals including nickel and cobalt.
Extensive gold properties in Iceland with ongoing exploration
The Political and Economic Landscape

It has taken society a very long time to get here, but it appears that saving the planet is finally more than a buzz phrase used by environmental scientists and anti-climate change activists. Here in 2021, six years after the Paris Agreement on Climate Change, protecting the planet is no longer a nice idea that we really should get started on; it has become an urgent dilemma that demands immediate, significant, and ongoing action. The climate summit of 2015, known as COP2, led to a binding treaty that committed countries to keep global warming below 2 degrees Celsius, compared to preindustrial levels, and to reach a “climate neutral world” by 2050. Since that time, and increasing in momentum each year, it has become good politics to support and engineer green solutions to the world’s climate issues. And whatever direction good politics takes, good business is never far behind (or ahead).

One could argue that among the biggest corporate beneficiaries of this new greener business landscape is none other than Tesla, the dominant electric vehicle (EV) manufacturer in the world. With its publicly-stated mission to “accelerate the world’s transition to sustainable energy”, Elon Musk’s EV and battery storage company has become one of the flag bearers for not only a greener economy, but also a more progressive stock market, where ethical investing is finally becoming congruent with profitable investing.

spotlight.stockfamgroup.com/issues/st...
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Solvay-gesel klopt op tafel bij Glencore

Activistenfonds Bluebell Capital vraagt de Zwitserse mijnbouwgigant Glencore om afstand te doen van thermische steenkool. In een brief aan de grondstoffengigant zegt het fonds dat Glencore een cruciale rol speelt in de energietransitie met name via koper, kobalt en zink. 'Desalniettemin blijft Glencore een complex verhaal met een moeilijke bagage en dat weegt op de koers', aldus Bluebell in de brief.

'Vanwege zijn activiteit in kolen is Glencore geen bedrijf waarin investeerders die duurzaamheid centraal stellen in hun beleggingsproces kunnen investeren', zegt dit fonds, dat vooral naam heeft gemaakt door zijn confrontatie met de Franse groep Danone, wat leidde tot de afzetting van zijn voormalige CEO Emmanuel Faber. Ook bij Solvay eist Bluebell het afzetten van topvrouw Ilham Kadri door vermeende mileunalatigheden nabij een Italiaanse sodafabriek van Solvay.

twitter.com/business/status/146561283...

www.tijd.be/markten-live/live-blog/on...
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Vale Producing Sustainable Sand from Tailings

Strategic Research Institute
Published on :
07 Dec, 2021, 5:30 am

Combining innovation, sustainability and benefits for society, Vale invested around 50 million Brazilian Reais in the development of sand produced from adaptation in the iron ore operation in the State of Minas Gerais. The sandy material, previously disposed in piles and dams, is processed and transformed into a product, following the same quality controls used in the production of iron ore. After seven years of research, Vale Sand comes as 100% legal and efficient alternative for the civil construction industry for use in cement, precast concrete, interlocked blocks, pavement, among others.

The sand produced by Vale is considered by-product of the iron ore, considering that it is composed of material which was not used in the ore production process. The previous tailings now return for new treatment and become a product with high silica content and low iron content. As it is an essentially physical processing, the sand is not toxic, considering that it does not undergo change in the composition of the materials. Another positive point for the civil construction is that the chemical and granulometric uniformity of the product is high.

Only in 2021, more than 250 thousand tons of the products have already been processed and destined for sale to companies or donation to city halls for use in concrete, mortar, precast, artifacts, cement and road pavement. So far, Vale has sold more than 1 million tons of sand to companies in Minas Gerais, Espírito Santo, São Paulo and the Federal District. The deliveries will be made next year. There is perspective for even higher growth for 2023, reaching 2 million tons.

This action promotes a circular economy within our units and reduces the impact of tailings disposal for the environment and the society, in addition to being a reliable alternative for the civil construction industry, where the demand for sand is high"
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Serbia Suspends Lithium Mine Plans of Rio Tinto

Strategic Research Institute
Published on :
21 Dec, 2021, 5:31 am

The Guardian reported that local authorities in western Serbia have suspended a plan that would allow the mining company Rio Tinto to operate a lithium mine, after protests by environmentalists that shook the country’s populist leadership. The mining had been expected to start in the near future, but a town council in Loznica voted to suspend a regional development plan that permitted the excavation of lithium. The vote followed the suspension last week of two key laws in Serbia’s parliament that ecologists said would help the multinational firm start the project.

Although Rio Tinto said it would adhere to all the latest environmental protection standards, organisers of the weekend protests said the lithium excavation could inflict lasting ecological damage to rivers and farmland in the region. For three consecutive weekends, thousands of protesters in Belgrade and elsewhere in Serbia blocked main roads and bridges to oppose Rio Tinto’s plan to launch mining operation in the country.

Lithium, which is used in batteries for electric cars, is considered one of the most sought-after metals of the future as the world shifts to more renewable energy sources.
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Rio Tinto QMM Starts Construction of Renewable Energy Project

Strategic Research Institute
Published on :
21 Dec, 2021, 5:30 am

In accordance with the commitments made last July, Rio Tinto QIT Madagascar Minerals and its partner Crossboundary Energy laid the foundation stone for the solar and wind power plant project that will supply the QMM ilmenite mine operations in Fort Dauphin, in southern Madagascar. The ceremony took place in the Ehoala Park area, in the presence of high dignitaries, including the Minister of Energy and Hydrocarbons, the Minister of Environment, the mayor of Fort-Dauphin and the Governor of the Anosy Region. The renewable energy project plays a key role in implementing QMM's 'sustainable mine' concept and enabling Rio Tinto operations in Madagascar to reach carbon neutrality by 2023.

The renewable energy plant will be built and operated by CBE, a recognized independent power producer, with whom QMM has signed a 20-year power purchase agreement. The first unit, an 8 MW solar energy facility, will be operational in 2022. The 12 MW wind power facility will be completed in 2023. The project also includes an 8.25 MW lithium-ion battery energy storage system. Around 18,000 solar panels and four wind turbines will enable QMM to meet all of its electricity needs during peak periods and up to 60% of its annual electricity consumption, as well as to reduce its annual carbon dioxide emissions by about 26,000 tonnes. In addition, the renewable power supply will reduce QMM's heavy fuel oil purchases by up to 8,500 tonnes per year. With this plant, QMM will also replace the majority of the electricity it currently supplies to the town of Fort-Dauphin and its 80,000 community members with clean energy.

QIT Madagascar Minerals, is a joint venture between Rio Tinto (80%) and the government of Madagascar (20%). It is located near Fort Dauphin in the Anosy region of south-eastern Madagascar, and primarily produces ilmenite which is a major source of titanium dioxide, predominantly used as a white pigment in products such as paints and paper. QMM also produces zirsill used in the manufacture of ceramic tiles and certain types of electronic displays and monazite, a rare earth element, used in renewable energy technologies like high-powered permanent magnets used in wind turbines and electric vehicles. QMM includes the deep-water Port d’Ehoala, where the raw material is shipped to the Rio Tinto Fer et Titane plant in Canada and processed into titanium dioxide.
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Vale to Sell Moatize Coal Mine & Nacala Logistics to JSPL’s Vulcan

Strategic Research Institute
Published on :
22 Dec, 2021, 4:42 am

Brazilian mining giant Vale has entered into a binding agreement with Vulcan to sell the Moatize coal mine and the Nacala Logistics Corridor in Mozambique for total proceeds of USD 270 million, comprised of USD 80 million at Closing and USD 190 million from the existing business until Closing; plus a 10-year Royalty Agreement subject to certain mine production and coal price conditions. Vulcan is a private company and part of Jindal Steel & Power Limited. JSPL has rich experience working in Mozambique with its Chirodzi mine operations, located in the Tete Basin in Mozambique, an open cast mine operating at 5 million tonne per annum in FY21.

The Closing of the transaction is subject to the satisfaction of customary conditions precedent, including the approval of the Ministry of Mineral Resources and Energy of Mozambique pursuant to the Mining Law No. 20/2014, and the approval of the Government of Mozambique pursuant to the Concession Agreements for the change of control and antitrust.

In early 2021, Vale announced its objective to no longer own coal assets, focusing on its core businesses and on its ambition to become a leader in low-carbon mining. Over the past 15 years, Vale has worked in partnership with Mozambique and Malawi governments in the implementation of the Moatize mine and NLC’s 912-km railway for coal transportation, in addition to the revamp of general cargo operations and passengers transportation. These investments represent a relevant legacy to the countries and are an important driver for local development. While conducting a responsible search process for an investor in the coal business, Vale continued to support the project's ramp-up and its commitments to society and stakeholders.
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Rio Tinto Appoints Ms Angela Bigg as Diavik Diamond Mine President

Strategic Research Institute
Published on :
22 Dec, 2021, 5:31 am

Rio Tinto has appointed Ms Angela Bigg president and chief operating officer of the Diavik Diamond Mine. Ms Angela, previously general manager, Operations at Diavik, will be the first female to lead the mine and its 1,100 employees.

Ms Angela joined the Diavik team in November of 2017 as vice president, Finance. She began her career with Rio Tinto in 2005 and has worked in Mozambique, South Africa and Australia, where she is from. She succeeds Richard Storrie, who has decided to leave the company to pursue other opportunities.
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Mijngigant Rio Tinto koopt lithiummijn ter waarde van ruim $800 mln
Van onze redacteur 21 dec   20:59

Het Brits-Australische Rio Tinto, een van de grootste mijnbouwbedrijven ter wereld, koopt een Argentijnse lithiummijn voor $825 mln. Met de aankoop zet het bedrijf extra in op metalen die nodig zijn voor de productie van batterijen.

De mijn ligt in de Zuid-Amerikaanse 'lithiumdriehoek': een gebied waar veel van dit soort mijnen liggen. Rio Tinto bereidt op dit moment ook de ontginning van een lithiummijn in Servië voor. Dat project kost de mijnbouwer zo'n $2,4 mrd.

Doordat investeerders, bedrijven en overheden steeds meer inzetten op duurzaamheid, richten mijnbouwbedrijven zich meer en meer op de zogeheten grondstoffen van de toekomst. Hieronder vallen bijvoorbeeld lithium, koper en grondstoffen voor kunstmest. Lithium wordt gebruikt in lithium-ion-batterijen die onder andere in elektrische auto's te vinden zijn.

Lees het volledige artikel: fd.nl/bedrijfsleven/1424640/mijngigan...
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BHP & Baowu Group Complete Iron Ore Blockchain Trade

Strategic Research Institute
Published on :
23 Dec, 2021, 4:41 am

Australian iron ore miner and world's top steel producer China Baowu Steel Group have completed a cross-border trade settlement for iron ore using a blockchain platform. The transaction between BHP and Baowu Steel was worth USD 11 million and was done on the EFFITRADE cross-border trade financial services platform. Earlier in June 2020, it conducted its first blockchain trade in iron ore with Baowu unit Baoshan Iron & Steel Co Ltd using MineHub.

EFFITRADE is a cross-border trade financial service platform independently developed by Ouyeel Financial Service, a subsidiary of Huabao Investment of China Baowu. EFFITRADE connects the upstream with its downstream enterprises, carriers, customs ports, financial institutions, and other participants in the cross-border trading chain and uses cutting-edge digital technologies such as big data and blockchain to realize real-time transmission of digital documents, logistics handling data, customs clearance information, etc. EFFITRADE platform has greatly improved the level of digital interaction between the parties involved in cross-border trade and financial settlement. With its established connection system to many well-known cross-border trading companies and financial institutions at home and abroad, EFFITRADE is doing business across China, Hong Kong, Brazil, Australia, Singapore and many other regions in the world.
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Rio Tinto & LNG Canada Open New Wharf in Port of Kitimat

Strategic Research Institute
Published on :
24 Dec, 2021, 4:45 am

Rio Tinto and LNG Canada have opened a newly extended wharf that will increase the capacity of Rio Tinto’s port facilities in Kitimat and support economic diversification in Northern British Columbia. The new wharf was built for Rio Tinto at its existing Terminal A facility by LNG Canada. It will replace a wharf and land leased to LNG Canada in 2018 for use to start exporting liquefied natural gas to overseas customers.

Rio Tinto will use the new wharf for imports of alumina, anodes and other supplies for its operations, and exports of low-carbon aluminium made at its BC Works smelter. The first ship was berthed on 6 December at the wharf, which can now accommodate larger vessels ranging between 200 and 250 metres in length.

Construction of the wharf began in December 2018. It involved building a 20,000 m³ concrete deck supported by more than 400 steel piles to extend Terminal A and adding a deep sea hydraulic barge ramp. Contractors from the Haisla, Kitselas and Kitsumkalum First Nations contributed to the completion of the project by providing a variety of services, including IT support, marine transport, industrial construction and security services.
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Dominic Barton to Succeed Simon Thompson as Rio Tinto Chair

Strategic Research Institute
Published on :
28 Dec, 2021, 5:30 am

The Board of Rio Tinto has selected Dominic Barton to succeed Simon Thompson as the company’s new Chair. Dominic will join the Board with effect from 4 April, 2022 and be appointed to the role of Chair at the conclusion of the Rio Tinto Limited annual general meeting on 5 May 2022. Simon Thompson will step down as a non-executive director of Rio Tinto and as Chair at that same time on 5 May 2022, having served as Chair for four years and as a non-executive director since 2014.

A Ugandan-born Canadian, Dominic spent over 30 years at McKinsey & Company, including nine as the Global Managing Partner and six as Asia Chairman. Most recently, he has been Canada’s Ambassador to China since 2019. He brings a wealth of global business experience having advised clients in a range of industries, including banking, consumer goods, high tech and industrials, as well as a deep insight of geopolitics, corporate sustainability and governance.

Dominic’s previous corporate governance work includes being Chair of Teck Resources, a non-executive director at Singtel Group and a non-executive director at Investor AB. He has held various public sector leadership positions, including Chair of Canada’s Advisory Council for Economic Growth and Chair of the International Advisory Committee to the President of South Korea on National Future and Vision. His business acumen and public sector insights position him to provide critical guidance and oversight to Rio Tinto’s leadership team during a pivotal time for the company.
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BHP Terminates Agreement to Acquire Noront Resources

Strategic Research Institute
Published on :
28 Dec, 2021, 5:30 am

BHP Lonsdale Investments Pty Ltd has announced termination of the support agreement between BHP Lonsdale, its subsidiary BHP Western Mining Resources International Pty Ltd and Noront Resources Ltd dated July 26, 2021, as amended relating to Noront’s support of BHP Lonsdale’s CAD 0.75 per share offer to acquire Noront.

In accordance with the terms of the Support Agreement, Noront has made a CAD 17.78 million termination payment to BHP WMR.
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