Member Info for allthatguff

Probably an order filled over a number of days ?

That is a very trusting interpretation wacker, especially in the local context. I look at it a lot more cynically.

Yes, you are probably right, LT. I am just looking for any sign of hope. Four months now they have had to sort contract out, becoming squeaky bum time.

I was looking for some sign of life, a search for jobs at More Potash returns nothing. No vacancies. Surely they would be hiring at this stage if imminent?

Does he like his predecessor think that iron ore is the root of all evil?

Glasenberg Sees Advantage in Glencore’s Lack of Iron-Ore Mines
This content was published on May 21, 2014 - May 21, 2014

Stands to reason IC, 30 mtpa stage 2. I also think Zanaga could eaily be scaled up to 60mtpa plus, Simandou style. Only half explored/defined resource..

And Sirius was originally deemed as a "safe bet" in the safe UK, how that myth was imploded. If that was "safe", what the hell is this classified as lol? Dodgy as ph uck :-)

So where do we go from here? Bring in 30- 40% partner (Saudi?) to fund mine development??

Nice find MM, the plot thickens :-)

The erosion of belief over a decade is understandable, too many false dawns and dead ends. However, the green revolution has changed the outlook hugely to the positive here I feel, the past is its own set of unique circumstances, it is gone. The Glencore restructuring is massively changing the story as well. Ignore it at your peril?

Wait for that RNS, meanwhile this continues sitting on a knife edge of possibility or doom.

It is like religion, the more followers you can convert to your belief, the more correct your belief must be. One man is a nutter, 100 000 becomes a religion.

The love link for that..

https://www.mining.com/iron-ore-price-surges-to-highest-in-8-months-on-renewed-optimism-around-chinas-reopening/

Certainly supportive environment for progress here..

Iron ore price surges to 8-month high on renewed optimism around China’s reopening
February 21, 2023

"Iron ore prices rose on Tuesday on renewed optimism around China’s reopening.

Benchmark 62% Fe fines imported into Northern China rose 1.55%, to $131.57 per tonne, the highest since June 2022."

Just a reminder. Development of Zaanaga is not dependent on port or 'floating port '. A simple jetty and barges was also proposed, does not add exorbitant cost per tonne compared to port.

"issue is thus"..sorry, crappy little phone screen..grr

I would add to this, ZIOC used to have a credibility issue, tiny mcap and minority share of asset. Now ZIOC has 100% of asset with Glencore as largest shareholder. The mcap iissue is this irrelevant, the Zaanaga Project has one voice and can do deals.

https://english.news.cn/20220913/416ea4627f15456f82394dd7c3993aea/c.html

2022-09-13

"RIYADH, Sept. 12 (Xinhua) -- Saudi Arabia announced Monday three projects in the iron and steel sector with a value of 35 billion Saudi riyals (9.3 billion U.S. dollars), the Saudi Press Agency reported.

The kingdom is working with local and international investors to establish a variety of investment opportunities in the sector, announced Bandar Al-Khorayef, Saudi minister of industry and mineral resources, at the second edition of the Saudi International Iron and Steel Conference.

He said that Saudi priorities include localizing steel products of all types, such as heavy iron sheets for the oil and gas sector, defense and construction sectors, as well as tinplate steel for the canned food sector."

///

### Note: Vale is also interested in Saudi Arabia ..

https://www.mining.com/web/vale-to-study-implementing-mega-hubs-in-middle-east-countries/

"Vale to study implementing ‘mega hubs’ in Middle East countries
Reuters | November 1, 2022"

"Vale SA said on Tuesday it has signed agreements with local authorities and clients to look at developing so-called “mega hubs” in Saudi Arabia, the United Arab Emirates and Oman.

The mining giant said in a securities filing that the industrial complexes in the Middle East would be focused on low-carbon steelmaking products such as hot briquetted iron to supply both local and foreign markets."

"Investors and clients would construct and operate the direct reduction iron plants and be off-takers of hot briquetted iron for either the export or domestic markets, it added.

“We see a great potential in the direct reduction route, with the seaborne demand for these high-grade agglomerated products growing 100 million tonnes in the next 15-20 years,” Vale’s head of iron ore Marcello Spinelli said."

### My comment: the scale of these project is huge. There is certainly room for Zanaga's high grade in use for Direct Reduktion. Saudi Arabia would be wise to diversify and own its inputs (mines) to the steel making process.

Putting it out there..

1. Saudi Arabia opening new embassy in the RoC
2. Saudi Arabia have strategic fund for mining acquisitions, including iron ore.

Does 1 + 2 = Zanaga?

Answer: it is possible. A large investment in Zanaga would be a good reason to open an embassy plus they want iron ore. Zanaga is the best there is, the fat carrot.

https://im-mining.com/2023/02/14/south-africa-and-ksa-fusion-of-ideas-at-mining-indaba/

14th February 2023

"Saudi Arabia is using its investment power to create a more diverse and sustainable economy through its Vision 2030 initiative. This includes transforming Saudi Arabia into a leading industrial powerhouse and a global logistics hub, by maximising the value of its mining and energy sectors while unlocking the full potential of local content and the 4th Industrial Revolution (4IR)."

"And Saudi Arabia’s mining investment will not be limited to the MENA region. Al-Mudaifer reminded the Mining Indaba attendees that during the Future Minerals Forum, a new joint venture was announced between the Saudi
Public Investment Fund and Ma’aden. Initially funded with $3.2 billion, this new company will invest in mining assets internationally, with a focus on metals and minerals that are critical to the energy transition, including iron ore, copper, nickel and lithium. This will include investment in Africa."