Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Yes it's many years away but if they can't reach an agreement which they seemingly can't then it will be 20 years away not 10 ....my point here is the government are holding both projects up for the same reason...greed.There is no compelling argument to why it takes 5 years to issue a dev licence...none
Moreover, if you are to believe the soundbites, cheap onshore gas is viewed as being the driver of growth for the domestic economy and cheap fuel for the population, whereas the offshore LNG is seen as an export; though you might think the urgent need for foreign currency and particularly $US might focus their minds a little.
The never ending problem in Tanzania is politics and as has been seen in the past the likelihood that, during an election particularly, opposition forces will use the perceived "courting" of overseas companies to develope (or exploit) Tanzanian mineral wealth as a rod to beat the incumbent government with; the idea that the Tanzanian populace are being fleeced and their assets exploited by overseas companies with the connivance of a corrupt government.... that was how and why Magafuli was lauded by so many. With his perceived championing of the interests of the populace over the foreign insurgents - whilst, of course, lining his own and his acolytes pockets with large brown envelopes.
"Â am guessing we are facing the same issue as Shell etc are with their LNG ....greed is the major issue here"
No Alca, you're guessing wrong there, the LNG project is many years away 10 or more so, plus its a project that will cost many multiples of investment compared to what is needed to get ( little Ntorya) on stream.
Ah sorry, no, Ntorya is not so little is it. Lol đŸ˜‚
Tanz "MJ - Best you sell up and go......."
Genuinely hilarious he has the gall to call RJ or anyone else rude. Two things, an ellipsis has 3 dots, second thing, shut...
The correlation is the apex of the problem winalot here which is the government.im happy to eat my words but alas that has not happened yet and I've been waiting....and waiting....and waiting
Alcapone, I fail to see the correlation between the 2 licences and how you come to that conclusion.
It was the Tooting Popular Front led by the urban guerrilla Citizen Tanz.
I am guessing we are facing the same issue as Shell etc are with their LNG ....greed is the major issue here...the government wants to keep changing the rules of engagement.I have said this before...we will not get our development licence until the LNG partners either get their licence or simply walk away.... couldn't blame them really....it's a joke shop at this stage ....a new president a new damn ....I'm not seeing it.
Tooting liberation front
Hey RoJo, are you talking about '? Hand in the Till SNP'. Streuth !
Sounds good drewky, but do you mean the raving loony Tory party, or the raving loony Labour party, or the raving loony liberals ?
I assume you don't mean the SNP - they make the others look sensible.
I can't speak for drewkey but I'm going to join you in the monster raving loony party and give you a little bit of support and attention you've been seeking these last years
Are you going to follow Lee Anderson and defect to Reform UK drewky ?
Yes, agree Roger
BG I think if you look around you, you would see we are heading that way in the west where kids are being indoctrinated into all sorts of so-called progressive agendas.
It is our western power that is creating planet fear through every media source it controls, but hey ho I'm one voice that can't control that.
"Â President Xi Jinping pointed out, the hope of the China-US relationship lies in the people, its foundation is in our societies, its future depends on the youth"
I think he means the indoctrination of the youth, by dehumanising and Derationalizing their natural powers to reason.
Https://www.fmprc.gov.cn/mfa_eng/xwfw_665399/s2510_665401/202403/t20240311_11257611.html
Subjects include Tanzania, Africa, Ukraine and Russia. Worryingly the concern of the proliferation of military build up by the west.
"Wang Wenbin: By setting up the so-called AUKUS, the US, the UK and Australia are in nature inciting military confrontation through military cooperation. This is typical Cold-War mentality. It will increase the risk of nuclear proliferation, exacerbate arms races in the Asia-Pacific and harm peace and stability in the region. China and many other countries in the region are gravely concerned and oppose this.
Any attempt to enlarge and upgrade the US-UK-Australia military cooperation represents a step in a more dangerous direction, and will only cause greater concern from regional countries and the international community. We urge the three countries to abandon the Cold-War mentality, fulfil their international obligations in good faith, and stop creating greater trouble for peace and stability in the region."
Hardnose
For any institution looking at Aminex the first question is what do they own, what are their assets?
At the moment the answer is nothing. Because of the licence. When the 25year licence is confirmed then ownership and asset status is confirmed and the value of the up to 16TCF can be applied. That won't happen in a day. It will take time. But every piece of news that shows the field is being brought to full development/production will allow the market to bring the price more into alignment with the real value. That (for me) is why the seismic update has not impacted yet. (Yet underlined).
I hope you are right BG but I believe it might take more than one; and more so if we wait months for that first one :0(
Yes agree Crusty, but one RNS could change that view entirely.
Perfectly feasible BG but, unfortunately, all speculation. It is this continual uncertainty and speculation caused by never ending delays that in the dampener on the sp and will continue to be until things progress to the point where there is very little that can go wrong....
Also, I would imagine the workstreams of both the 30 km pipeline to the processing plant by TPDC, and the CH-1 drill and workover/testing of Ntorya-1 and 2 wells, will be worked in concert to complete at the same time, approx. No good one without the other. So they could be waiting on the final design of the pipeline, Before its all systems go. Money costs ?
Indeed but I cannot believe that is in any of the JV partners interests; converting that back into $US will be almost bloody impossible....
"And the TPDC will need $US to satisfy their obligations BG. "
Yes, I really don't know Crusty, though the GSA allows for the TPDC to pay for the gas in both Tz shillings and the US $ ?
And the TPDC will need $US to satisfy their obligations BG. The BoD fully expect them to do BG so but I can see why this isn't going anywhere until they are in a position to do so.
Unless the JV is willing to fund them in the short term and take it back out of future incomes - but we saw what happened with Kiliwani invoices, right?