Member Info for allthatguff

Whoops,left out the link..
https://www.mining.com/web/glencore-widens-review-of-assets-eyes-acquisitions/

Glencore widens review of assets, eyes acquisitions
Reuters | December 2, 2021

"Miner and trader Glencore said on Thursday it was in the process of selling 10 more assets, putting another 15 under review and considering acquisitions as it moves to refocus its portfolio on what it termed “commodities of the future”."

"It has 10 sales processes underway across its portfolio and 15 further assets under review which may not fit the long-term strategy of the company, it said during its annual investor day.

“Those assets that are not fit for purpose or subscale we would look to move out of our portfolio,” Chief Executive Gary Nagle said, without identifying the assets he was referring to."

## Zanaga is screaming out for a sale, come on Glencore!!

My feeling is China has previously made informal offers for Zanaga in last year or two, but Glencore is holding out for higher price. I suspect they will come to an agreement in due course. This is exactly the iron ore deposit China needs. Their strategy is explicit and Zanaga fits the bill ( https://www.afr.com/world/asia/china-s-plan-to-end-its-australian-iron-ore-dependency-20211130-p59dmo ). A lot to play for.

https://www.afr.com/world/asia/china-s-plan-to-end-its-australian-iron-ore-dependency-20211130-p59dmo

Dec 2, 2021 – 5.00am

China’s plan to end its Australian iron ore dependency

Where would you wish to build green steel plants?

Near..
Ultra high grade iron ore
Hydroelectric resources
Where there is plenty if sunshine

Any options in ROC??

https://www.theguardian.com/business/2021/dec/02/global-push-for-green-steel-could-hit-australias-150bn-iron-ore-exports-if-miners-dont-adapt-report-finds

Wed 1st Dec 2021

Global push for green steel could hit Australia’s $150bn iron ore exports if miners don’t adapt, report finds

November 30, 2021
Monsters of Rock: Rio Tinto could make a decision on Simandou development next year

https://stockhead.com.au/resources/monsters-of-rock-rio-tinto-could-make-a-decision-on-simandou-development-next-year/

## in the article ..ultra high grade iron ore grade enthused over. Crazy..Zanaga is just as Rolls Royce and far cheaper to develop.

?!?...?!?

https://www.africaintelligence.com/mining-sector_exploration-production/2021/11/30/fortescue-makes-play-for-belinga-s-iron,109708094-art

Fortescue makes play for Belinga's iron

Lol, so that is the garlic that can ward off vampires!

I don't recognize the low figures being bandied about. There is no incentive for the Bod to give this away, why would they? We have been lulled by the last decade into forgetting what a monster this still is. A long shot with a slight slither of hope.

"would be no further trading"

If (if!) there was an offer, yes, there would be now further trading (suspension). There would be many traders crying lol. This £1.50 figure is spurious anyway, they would not sell for less than bare minimum £3 plus.

If there was a small scale starter project (3-4m tpa), this would trade higher normally. This may be more likely..

Taking private is a risk here. So are licence issues (although ROC debt to Glencore probably precludes this).

Ultra high risk with ultra high potential reward.

..by Zanaga's high grade and low impurities?? Plus cheap development costs. Is this the salvation coming??

https://www.journaldebrazza.com/congo-les-zones-economiques-speciales-desormais-operationnelles/

"lose"

Daddy?

"VBR will make an initial investment of up to US$3.1m (the “Initial Investment”) alongside
a limited number of co-investors (the “Co-Investors”) including Tony Trahar, former CEO of
Anglo American plc "

https://www.vision-blue.com/resource/VisionBlueResourcesstrategicinvestmentinFerro-AlloyResources.pdf

VISION BLUE ADVISORS UK LLP with Mick and Andrew us not the same as Vision Blue Resources whose core team does not include Andrew ( https://www.vision-blue.com/#people). VB Resources is registered in Guernsey..

https://opencorporates.com/companies/gg/1-67870

Did we not previously have a large single investor based in Guernsey? Cannot remember his name. Co-incidence?

Don't have time to dig more at this point.

So what is the VB advisors gabout?? Questions questions..

Ps thanks for sharing Mitch. Very intriguing..

Or ZIOC is already good as sold?? Who knows??

East Asia ForumEconomics, Politics and Public Policy in East Asia and the Pacific

Simandou is China’s poisoned chalice

16 October 2021
Authors: Luke Hurst, Lydekker and Peter Cai, Lowy Institute

https://www.eastasiaforum.org/2021/10/16/simandou-is-chinas-poisoned-chalice/

## isn't it lucky a cheaper African alternative exists elsewhere?!?