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The price and any contract details are RNS' able.
In a previous RNS they were looking at waiting for the right opportunity to hedge the Iron ore and fix shipping costs, it looks like that situation has arrived, falling shipping costs and rising Iron ore prices.
So of course we should expect an RNS.
Two small ships coming in empty, 30+ dwt
I wonder if plan B has been activated.
Who's got the ship list ?
Incoming::
TROGIR
it’s loading Manganese on Pier 2
Is it from the Ila Nova mine …Eldorado …
TROGIR going in now but for whom ?
Trogir sets sail.................
TROGIR..
Ecometals and Cibra announce a partnership to ship manganese stored in Serra do Navio.
The Croatian-flagged ship Trogir Split, coming from China, docked at Companhia Docas de Santana (CDSA) this Tuesday (21) to ship 43,000 tons of manganese ore extracted from the Serra do Navio mines, also during the operations of Indústria e Comércio de Minérios SA (ICOMI). The operation is the result of a commercial partnership between Ecometals Manganês do Amapá and Cibra Mineração e Indústria Ltda. that promise to unlock the mineral sector.
This operation puts an end – at least for now – to a huge imbroglio that has been dragging on in justice for at least 11 years since new controllers of the old Icomi announced the resumption of mineral activities in Serra do Navio. Since then, an endless dispute over the right to ship the remaining stocks of mining assets began, while machinery and other industrial facilities were looted or succumbed to bad weather.
A judgment by federal judge João Bosco Costa Soares da Silva, of the 2nd Federal Court of Macapá, decided to authorize the shipment of cargo stored since 2018 in an area of ??Companhia Docas de Santana (CDSA). The decision also establishes a personal fine of R$ 200 thousand to the director of the organized port of Amapá in case of non-compliance with the measure. “It is not up to us to question here, only to comply with the court order, so within three days the ship will be loaded and ready to export the cargo to China” , said Edival Tork, current president of CDSA.
Representing Ecometals, lawyer Rubem Bemerguy told Diário do Amapá that the measure does justice after years of disputes in various judicial spheres in Amapá and Brasília, where the highest common Court of Justice ruled on the ownership of the stored manganese. “It was from our complaint to the STJ (Superior Court of Justice) that we were able to take this big step towards unlocking the mineral sector and we have confidence now that there will be no setback” , said the lawyer.
Caçambeiros
A group of cargo transport professionals was on duty in front of the CDSA since the weekend when the arrival of the ship to ship the ore was announced. José Araújo, who represents a category of approximately 30 bucket shippers, says that for almost four months this cargo of manganese was transported from Serra do Navio to the port in Santana, but that they did not receive their fees, still under contract with Briga do Navio. Brazil, which contracted the service. “We don't want to discuss the merits of those who have the controlling interest in Icomi, but rather to be paid for our service” , he said.
Questioned by the report, the representative of Ecometals said that at this moment it is not up to the company to settle a dispute involving third parties, but does not rule out that in future operations the class of Amapá truck drivers will be called to carry out new ore piles to the port.
https://www.diariodoamapa.com.br/cadernos/politica/ecometa
If only someone had a railway and private port to make it a bit easier….!
looks to have moored up in an unusual place… in the middle of the river…
Ships normally operate best in water, they handle poorly on land.
could be a preceding to the funding for our railroad and port rehabilitation… who do we have now that would benefit significantly if these assets were up and running again… gerald… unamgen… and now cibra…
i was thinking the gps might be offset as didn’t see her come in… or maybe they’re trying out barge loading her… as a prelude to loading 3-ships simultaneously…
Ships also operate poorly in deep sea, they are much better on top of the sea.
Why don't they sell the ore to a country closer than China?
Seems to be the stuff that's been stored at the port for years.
///snipped.pillow.sung
Tucano Mine next door to us would also greatly benefit, they also have a huge stockpile or iron ore.
@Evan China buys 80% of the worlds iron ore, there aren’t enough buyers elsewhere.
The farmers are planned to be one of the first to re-start use of the railway, fairly soon I think.
Two more bulkers on route!
SEALUCK II
NBA MAGRITTE: Shes a big girl with no craines.
Ev thats lazy thinking as 20% doesn't go to China then, shipping costs are enormous so all that really matters is the net profit, so ship elsewhere at a reduced price.
I'd suggest you use your opportunity to ask directly then Evan:
https://www.lse.co.uk/rns/KDNC/sale-of-yangibana-jv-interest-to-hastings-zw2ozee78zn8i8q.html
Q&A with Vox Markets,
CEO Kiran Morzaria will be recording an investor presentation and Q&A with Vox Markets, which will be released on Friday, 1 July 2022.
Shareholders and investors are invited to submit their questions to Katrina Perez at Vox Markets via her email at kperez@**********.co.uk. The questions should arrive no later than 6 pm on Wednesday, 29 June 2022. Any that arrive after the deadline will not be included in the Q&A.
Already got my question in, KM will be addressing the issue of the SP.
"Raquel Dalseco explained to the press that the project is in the budgetary part, the last stage before the company returns to transporting the trains. "
"The company plans to carry out tests with the train circulation on some sections of the railway as early as 2022"