Replies to post #99998 on Strategic Asset Leasing Inc (LEAS)

[BottomTurn]

Theres alot of money being distributed for reasearch in lithium and Electric car, grids, pumps and so forth.


Policies for Supporting New Energy Vehicles Around the World

CHINA

In January, 2009, with the “Notice of Promoting the Development of the Energy Saving and Demonstration of New Energy Vehicles,” as well as the “Regulations of the Management of Subsidies for Energy Conservation and Demonstration of Alternative Energy Vehicles,” the Ministry of Finance and Ministry of Science and Technology carried out the “Ten Cities, One-Thousand Vehicles Plan” in 13 cities (including Beijing and Shanghai), in order to popularize energy retrenchment and demonstrate new energy vehicles. The maximum subsidy for the cities using alternative-energy buses will be RMB¥ 500,000, and electric cars will be RMB¥ 60,000. In March 2010, Premier Wen promised the promotion of alternative-energy vehicles, and commitment to political support for strategic industries.



U.S.A.

President Obama’s $825 Billion Stimulus Package provides a premium and loan of USD$ 2 billion for research on power batteries; USD$ 200 million for research on electric vehicles; USD$ 400 million for purchasing alternative energy vehicles for government institutions; USD$ 1 billion for upgrading the national electric grid to support recharging stations for 1 million PHEVs; and USD$ 2,500-7,500 preferential tax for consumers of PHEV up until 2016.



JAPAN

From April 1st, 2009, the Japanese Government carried out the “Green Tax System,” which is applied to electric, hybrid electric, clean diesel, and other approved eco-vehicles defined as “Next-Generation Vehicles.” Various tax-free, preferential benefits are available.



KOREA

Before 2011, USD$ 2.3 billion was spent on research and development of alternative-energy technology. Currently, the Korean Government is planning to spend an additional USD$ 15 billion to assist the purchase of small cars and hybrid electric vehicles.



E.U.

In January 2009, the European Union passed the motion to include vehicle emission and other environmental impact indicators into the requirements of public procurements. Soon after in March 2009, the European Commission provided EUR€ 3.8 billion, followed by a EUR€ 6.8 billion loan to support the development of alternative energy vehicles in the European car industry.



BRITAIN

In 2007, the Holding Tax of Vehicles was modified to levy different taxes based on the amount of CO2 emissions, which range from 0 to 30%. Following this, in April 2009, the British Government issued a 5-year, CO2 Emissions Deduction Plan, where consumers purchasing PHEVs or EVs can get a premium of GBP£ 2,000-5,000.



FRANCE

The French Government carried out incentives for consumers to receive a discount for alternative energy vehicles, stipulating that car owners could receive a subsidy of EUR€ 200-1,000 when replacing an old car by buying a low emissions and eco-friendly vehicle. In turn, purchasing a high-emissions automobile requires a sales tax of up to EUR€ 2,600. Additionally, more charging stations will be built for the public, located in supermarkets and residential districts.



GERMANY

According to the Petroleum Tax Legislation, preferential taxes will be applied to alternative-energy vehicles every year, which will amount to EUR€ 3 billion per year. The German Government provided a subsidy of EUR€ 500 million for HEV research in 2008. In 2009, a EUR€ 50 billion economic stimulus plan was passed, most of which was spent on research and development of electric vehicles, charging stations, and renewable energy.

[Maestro111]

Exactly Fronk, to partner with Simbalik or even Codelco would essentially vault MMTE ahead of its Junior mining peers.

Simbalik Group obtains the permit for Lithium exploitation and commercialization in Chile Augost 8th, 2011 Simbalik Group has formally obtained the permit provided by the Chilean Nuclear Energy Commission (CCHEN) for the production and commercialization of lithium salts for 50,000 tons of metallic lithium equivalent (266,400 tons of lithium carbonate) for a period of 15 years. This is the third existent permit in Chile, the other belonging to SCL and SQM, obtained in 1980 and 1986 respectively. In Chile, in accordance to the modification of the mining law in 1979, Lithium came to become a material of strategic significance, and thus non concessionable for commercial use. Simbalik Group was able to obtain this permit, even within the current legal conditions within Chile.

Here's Simbalik's concessions. I also like Codelco for the same reasons as Simbalik. Codelco was asked by the Chilean govt to consider lithium production.



Mining ministry calls on Codelco to evaluate participation in lithium industry Published: Friday, March 23, 2012 17:10 (GMT -0400)

Chile's mining ministry has again called on state copper producer Codelco to evaluate its potential participation in the country's lithium industry.

"We hope that Codelco could have a significant role in lithium mining in the country," deputy mining minister Pablo Wagner said at a conference on the subject, organized by Codelco's copper workers federation (FTC).

Codelco owns lithium concessions in the Pedernales salt lake in northern region II, which were granted before the mineral was declared strategic by law and its mining was restricted.

The government granted concessions over five salt flats in northern Chile in 1932, but the mineral was declared strategic and further concessions forbidden by a constitutional reform in 1979.

"The Chilean state, through Codelco, can take part in the lithium market. It can do it today. It does not even need to participate in the tender processes for the special contracts that the government is working on," Wagner said.

Codelco executives only need to cross the street to the national nuclear commission CCHEN and ask for the authorization to start mining lithium from Pedernales, according to the deputy minister.

"We have asked Codelco to at least evaluate the market. I understand the company has other priorities, but it's perfectly capable of doing it by itself or in association with a private company," Wagner said.

In February, the ministry announced plans to award special contracts for lithium development.

The 20-year special lithium concession contracts will allow companies to mine up to 100,000t of lithium. During the contract period, it is estimated that the state could collect US$350mn for each project approved.

However, Codelco has been lukewarm on the subject. "We have lithium reserves... We're going to evaluate the possibility, but it's not part of our strategy," CEO Diego Hernández said recently.

Currently, the only companies authorized to mine lithium in the country are local non-metallic firm SQM (NYSE, BCS: SQM) and the local subsidiary of Germany's Chemetall Lithium, Sociedad Chilena del Litio (SCL).

Both were granted concessions before lithium was declared strategic.

However, a new competitor is about to enter the market. Taiwan-based Simbalik Group was recently granted authorization by CCHEN to start mining lithium from a concession at the Salar de Maricunga salt lake in northern Chile that dates from 1932.

Several companies - such as Lima-based Li3 Energy (OTC.BB: LIEG), Australia's Talison Lithium and US-based Pan American Lithium (TSX-V: PL, OTCQB: PALTF) - are currently exploring for lithium in Chile.

http://maps.google.com/maps/ms?msid=216422150148116910310.0004b20ef9715a1cf0000&msa=0&ll=-23.785345,-67.873535&spn=8.478641,19.313965