Dybala skips Juve checkup as Lukaku agrees €9m contract

first_imgPaulo Dybala will not take a routine medical at Juventus on Friday and has not returned to their Continassa training headquarters as talk of a move away from Turin gathers pace.And the player that Juventus want to swap Dybala for, Manchester United striker Romelu Lukaku, has agreed terms with the Bianconeri in a deal that will be worth €9 million (£8m/$10m) a year, sources tell Goal.Another part of the puzzle for the sensational swap deal is Dybala’s wages in Manchester, with the Argentina international desiring a significant pay increase from his current €7.5m-per-year deal in Italy. Article continues below Editors’ Picks Emery out of jail – for now – as brilliant Pepe papers over Arsenal’s cracks What is Manchester United’s ownership situation and how would Kevin Glazer’s sale of shares affect the club? Ox-rated! Dream night in Genk for Liverpool ace after injury nightmare Messi a man for all Champions League seasons – but will this really be Barcelona’s? Dybala returned early from his holiday after the Copa America and arrived in Turin on Thursday. He was expected to hold crunch talks with Juve boss Maurizio Sarri but that ultimately didn’t happen.Instead, the Argentine has extended his vacation until August 5, three days before the English transfer window closes.Sources have also told Goal that Mario Mandzukic was offered to United during sporting director Fabio Paratici’s visit to London for talks over the Dybala and Lukaku deal, with Juve keen to get the Croatian off their wage bill.It remains unlikely at this stage that United would be interested in bringing the 33-year-old to Old Trafford, however, despite the Serie A champions’ willingness to offload him to the Red Devils.Both Dybala and Lukaku, meanwhile, were somewhat frozen out at their clubs last season.The arrival of Cristiano Ronaldo at the Serie A giants meant Dybala had to play more of a rotational role, scoring just 10 goals in all competitions, with only five coming in the league as his club won their eighth straight Scudetto.Lukaku was also out of favour at Old Trafford after Ole Gunnar Solskjaer replaced Jose Mourinho in the dugout.The Norwegian preferred to play Marcus Rashford at centre-forward and the Belgium international’s confidence appeared to be affected when he did play.Lukaku has previously claimed that it would be a “dream” to play in Serie A, with all the initial signs having pointed to him being close to a move to Inter.Juve have since joined the race, however, and, with United and Dybala mulling over whether a move to Old Trafford is the right fit, the Belgian appears destined to head to Turin.The Argentine has also been linked with a switch to United’s Premier League rivals Tottenham and it seems he doesn’t have a long-term future with the Serie A champions.The 25-year-old’s absence from Juventus training and the lack of communication with his manager seem to spell the end for him with the Old Lady, but his salary demands may well prove a sticking point.The Daily Mail reports that the former Palermo star will ask for around £350,000 per week if he does make the move to the Premier League, although with Lukaku agreeing terms with Juve, that may help move the potential swap deal along.last_img read more

Graphex hopes for progress with Chilalo graphite in Tanzania

first_imgGraphex Mining Ltd has provided a submission to the Tanzanian Government with respect to the development of the Chilalo graphite project. In July 2017, the Tanzanian Government passed legislation that amended the legal and regulatory framework governing the resources industry and supporting regulations were published in January 2018 and July 2018.The Submission, which was requested by the Minister of Minerals, the Honourable Angellah Kairuki, is a comprehensive document that identified 10 key issues associated with the Amending Legislation and the Regulations that are central to the ability of resources companies operating in Tanzania to obtain the finance required for project development. It includes input from independent experts, comparison with the legislative position in other African countries and proposals to address the identified issues in a manner that allows for the development of new mines that delivers benefits to all stakeholders.Graphex expects to present the Submission to the Ministry of Minerals, other key Government departments and the Mining Commission in September.Graphex’s Managing Director, Phil Hoskins, commented “We were pleased to be asked by the Ministry to make the Submission, which we believe reflects the willingness of the Tanzanian Government to restore confidence in its resources industry. We believe that the proposals contained in the Submission strike a balance between the requirements of companies seeking to develop resources projects and the interests of the Tanzanian Government. We now look forward to meeting with senior Government officials to present the Submission and determine a way forward for development of our Chilalo project.”The Chilalo Graphite Project is located in southeast Tanzania, within the Mozambique belt, which is well known for hosting some of the world’s highest grade and coarse flake graphite deposits. Chilalo is host to a high-grade, coarse flake graphite deposit, where there is a Probable Ore Reserve (4.7 Mt @ 11.0% TGC) and a high-grade Indicated and Inferred Mineral Resource (16.9 Mt @ 10.2% TGC).Since the initial discovery of Chilalo in 2014, Graphex has adopted a clear and differentiated strategy of understanding end markets and partnering with strategic investors to enable delivery of the Chilalo Project. Underpinned by the coarsest flake graphite in the world with exceptional expansion characteristics, the company has targeted the expandable graphite market, which among many applications, is ideally suited to the manufacture of flame retardant building materials, for which there is a sizeable market – in China alone, this is estimated to be 2 Mt/y.Test work carried out by Suzhou Design and Research Institute for Non-Metallic Minerals has confirmed that Chilalo graphite is the coarsest known flake graphite in the world. In general, coarser flake graphite attracts premium prices.Graphite companies produce products with different flake size distributions. Margins are therefore more relevant for peer comparison than cost curves. A comparison of the margins generated by ASX listed graphite companies are shown. The comparison is based on publicly released information and uses the same graphite prices used by Graphex that deliver a basket price of $1,914/t.Graphex completed a PFS in November 2015 and Suzhou, on behalf of CN Docking completed its own study in December 2016. These two studies are now in the process of being optimised and are expected to deliver material improvements from the results of the November 2015 PFS. Since completing the PFS in November 2015, there has been significant improvements in the flake size distribution, graphite prices and the size of the Chilalo Mineral Resource.last_img read more