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https://lesechos-congobrazza.com/economie/6287-congo-construction-d-une-ligne-de-chemin-de-fer-dediee-au-transport-du-minerai-de-fer-de-mayoko

"Congo: Construction of a railway line dedicated to the transport of Mayoko iron ore

The Council of Ministers, which met Wednesday, September 18, 2019 at the Palace of the People, under the very high authority of the President of the Republic, Denis Sassou N'Guesso, welcomed the signing of a construction agreement. a railway line dedicated to the transport of iron ore from Mayoko, between Sapro and China state construction engineering, a Chinese public construction company known to have built the Beijing National Swimming Center and Shun Hing Square, as well as the Stade des Martyrs in Kinshasa.

This 450 km railway will link the city of Mayoko in Niari (south) to the port of Pointe-Noire, the economic capital of Congo.

The construction of the railway, which will be used to transport iron ore produced at Mayoko and which is 65% in the international market, should begin this year and end in 2022.

With planned Mayoko expansion plans, Congolese iron ore production should be boosted, placing the country among the world's largest producers. The current world leader is Australia.

The Sapro company will reach phase 4 with more than twelve million tonnes of iron year. The goal is to revolutionize the Congolese market of the industry.

The company Sapro has great difficulties to evacuate its iron ore, following the defective state of the railway line ex-Comilog.

In July 2018, the Congolese head of state, Denis Sassou N'Guesso mentioned, as a priority, the expected construction of a railway line that will link the different mining production basins, from the ore port of Pointe-Noire to Sangha department (north), including the localities of Mayoko and Zanaga (south).

The Congolese number one added that the challenge of a diversified and significant start-up in this vital economic sector must be accompanied by resolute action by the government, so that the mining sector will be provided with the infrastructures that will enable to make it economically profitable."

Yup, looking good so far..

The Chinese have been sniffing around the mineral VB port since 2011, not holding my breath.

Who is running the show? Oh, yeah, Boris! Can only get better lol.

No brainer buy at this level, imo. This cannot last in the 3's...

http://www.adiac-congo.com/content/complexe-industriel-de-maloukou-le-site-bientot-connecte-au-reseau-electrique-national

"Maloukou industrial complex: the site soon connected to the national electricity grid
Thursday 12 September 2019 - 20:07

The Minister of Special Economic Zones, Gilbert Mokoki, announced, on September 12, the current connection of the industrial and commercial complex of Brazzaville to the network of hydroelectric dam of Imboulou."

..etc..

"The economic zone of Maloukou will be followed by three others that the government plans to establish in the country, including Pointe-Noire, Ouesso and Oyo-Ollombo."

Well, the lack of news on all fronts is very odd..lack of time to conclude deals is not really an issue, this has been dragging on for years. Or are China's economic woes starting to hurt belt and road money?? Taps going dry?

...your spirit is great. We have been kicked on the nuts a few times :)

I concur, I believe something is cooking in the shadows and Glencore will break cover with a deal.

It certainly does not add up, all the preparation for the event by the ROC and China..simply a few vanilla SEZs?? I don't buy it..watch this space.

Really, the market has a mystical ability to blindly see if something has been signed or not on the day? lol... Crapso

It is unfortunate the traders (rather than investors) have induced a climate of cynsism.; but this is AIM, expect the worst lol. People have been so desentisized to what the opportunity actually is (as veteran has alluded to) and the good progress that is happening right now. People may not actually realise the turning point until viewed with hindsight. Too easy to get caught out with nothing to show for it if you get it wrong. One RNS could kiss this company good bye as sold and that is not a "ramp".

That is excellent! Thank you.

Fourprinces...did your world bank phone conversation specifically mention that the new mineral port was signed off? Rather than just "Pointe Noire SEZ"? Please confirm, thanks.

https://www.mining.com/iron-ore-prices-rebound-on-spike-in-china-imports/

'Iron ore prices rebound on spike in China imports
Frik Els | September 9, 2019 | 2:19 pm

Benchmark iron ore prices spiked on Monday after trade data showed Chinese imports of the steelmaking raw material remain robust despite an economic slowdown in the top commodity consumer.

The Chinese import price of 62% Fe content ore jumped by 4.4% on Monday to $92.97 per dry metric tonne according to Fastmarkets MB.

“WE REMAIN CAUTIOUS ABOUT IRON ORE PRICES GOING INTO SEPTEMBER IN LIGHT OF THE STILL-UNCERTAIN TRADE OUTLOOK, THE GENERAL MALAISE STILL PLAGUING LARGE SWATHES OF CHINA’S INDUSTRIAL ECONOMY AND A STEADILY-IMPROVING SUPPLY PICTURE”

Edward Meir– INTL FCStone London
China’s iron ore purchases in August totalled just under 95m tonnes, up 4.2% from July and 6.2% from last year customs data showed, marking the highest level of imports since January 2018. Iron ore imports are set to reach another record in 2019, with annualized shipments running at 1.12 billion tonnes.

Inventories at Chinese ports are climbing in tandem however, rising for the eighth straight week to 126.7m tonnes.

“We remain cautious about iron ore prices going into September in light of the still-uncertain trade outlook, the general malaise still plaguing large swathes of China’s industrial economy and a steadily-improving supply picture, but we don’t see as drastic a fall as what we saw in August,” Edward Meir, commodity consultant at brokerage INTL FCStone in London, was quoted by Reuters as saying.

Source: Fastmarkets MB Iron Ore Indices Daily Market Report Sep 9, 2019
The rally in iron ore has been a boon for the world’s largest diversified miners providing valuable cash flow for the top 3 producers – Vale, Rio Tinto and BHP – at a time when the copper price and overall metal demand (with the notable exception of nickel) remain soft.

Iron ore peaked in July just shy of $126 a tonne, the highest since January 2014, but declined over the summer months as fears of a shortage on the seaborne market receded.

The price of iron ore is up 28% year-to-date following a dam burst at Vale’s Brumadinho operations in Brazil that killed more 300 people. In response, the world no 1 producer initially suspended 93m tonnes of output, but the Rio de Janeiro-based company has since been able to bring about a third of lost capacity back online."

Investing in Africa: Congo signs several agreements with China
10.09.2019 at 22h13 by journaldebrazza.com with vox.cg

These agreements are directly sponsored by Chinese financial institutions, including the Sino Congolese Bank for Africa (BSCA).
China and Congo signed on September 12 in Brazzaville, for the fifth edition of the Forum Invest in Africa , seven partnership agreements in several areas, including energy and the Economic Zone of Pointe-Noire .

This Forum to invest in Africa, whose goal is the diversification of African economies and the creation of jobs has opened under good auspices for the Congo, with the key to seven agreements signed on the day of the opening.

Thus, to achieve the momentum of win-win partnership that marks the Sino-Congolese trade, the countries have concluded the tripartite partnership agreement, Congo-China-Development Bank of China on small and medium enterprises.

Another agreement concerns the economic protocol between the Central African Development Bank (BDEAC) and the Development Bank of China.

The Bank of China will set up at the level of the Special Economic Zone (SEZ) of Pointe-Noire thanks to the partnership agreement that now links this Chinese bank and the SEZ Pointe-Noire.

It should be noted that these agreements, which augur a good harvest, allow the Congo to register resolutely on the voice of the diversification of its economy in order to curb the economic crisis which hampers its development."

https://www.journaldebrazza.com/investir-en-afrique-le-congo-signe-plusieurs-accords-avec-la-chine/

https://wwitv.com/tv_channels/b6998-Africa-24-TV.htm

Thx to Colin12345678 on advfn

DGR is well legit. It is the new faces that are less certain.

Have a coffee DGR, you seem tense :)

Moment of truth tomorrow, we shall see if our well founded optimism is handsomely rewarded, or whether the big wait continues. The suspense is certainly nerve racking.

GL all. We should have this :)

He does not have the balls to short it lol