George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
ATG; when this comes good, I dont think I shall need to be on these boards again....but for now as usual...alwayshoping :-)
Driving....hopefully you have had no response from the company as they are really busy compiling a very long and detailed RNS re the future of the company....and ours as well haha.
As usual...alwayshoping
At the moment, "relations and partnerships" between the Saudis and the Chinese are really good at the moment. Personally, I cannot see or believe that either of them would wish to upset each other in any way. We do know that our high grade ore is desperately needed by both countries. Therefore I believe and hope that both will soon be announced as our strategic partners in one way or another and the best possible deal for ALL concerned has already been agreed. AIMHO and as usual....alwayshoping.
Still wonder if Vale will be having a slice of our cake. Not long to wait now to find out.
https://english.news.cn/20240308/bc69320ee8734058bf5892a23e23531f/c.html
As usual....alwayshoping.
Still wonder if Vale will be having a slice of our cake. Not long to wait now to find out.
https://english.news.cn/20240308/bc69320ee8734058bf5892a23e23531f/c.html
As usual....alwayshoping.
All will be revealed very soon.
As usual.....alwayshoping.
Africa-World
60 years of Congo-China cooperation: exchange of wishes between Denis Sassou N'Guesso and Xi Jinping
Wednesday February 21, 2024 - 2:15 p.m.
On the occasion of the 60th anniversary of the establishment of diplomatic relations between the Republic of Congo and the People's Republic of China, Presidents Denis Sassou N'Guesso and Xi Jinping exchanged messages of greetings in two respective letters.
If the Congolese head of state recalls the " visionary choice " made by his country, on February 22, 1964, to assume "without complex its progressive ideological alignment supported by the friendship between the Chinese and Congolese people ", his Chinese counterpart notes, for its part, that “ for 60 years, whatever the international hazards, the deepening of mutual trust between China and the Congo has brought tangible benefits to the two peoples ”.
Brazzaville and Beijing are seizing the opportunity offered by the historic anniversary, this February 22, to further strengthen their relations in the political, economic and socio-cultural fields.
As usual....alwayshoping
Africa-World
60 years of Congo-China cooperation: exchange of wishes between Denis Sassou N'Guesso and Xi Jinping
Wednesday February 21, 2024 - 2:15 p.m.
On the occasion of the 60th anniversary of the establishment of diplomatic relations between the Republic of Congo and the People's Republic of China, Presidents Denis Sassou N'Guesso and Xi Jinping exchanged messages of greetings in two respective letters.
If the Congolese head of state recalls the " visionary choice " made by his country, on February 22, 1964, to assume "without complex its progressive ideological alignment supported by the friendship between the Chinese and Congolese people ", his Chinese counterpart notes, for its part, that “ for 60 years, whatever the international hazards, the deepening of mutual trust between China and the Congo has brought tangible benefits to the two peoples ”.
Brazzaville and Beijing are seizing the opportunity offered by the historic anniversary, this February 22, to further strengthen their relations in the political, economic and socio-cultural fields.
As usual....alwayshoping
Starbright. With respect, did you read ALL of the link that I posted ??
"The conference is being held between Feb. 5 and Feb. 8 in Cape Town, and is dedicated to the successful capitalization and development of mining interests IN AFRICA" As far as I am aware, Zanaga is located in Africa.
And yes, at this conference, the Saudis have their own pavilion, which will showcase strategic objectives of enhancing the Kingdom’s appeal to global mining investors. No doubt there will be many more "pavilions", but this one is highlighted because news originates from Arab News.
But as usual...alwayshoping.
Saudi pavilion on show at Mining Indaba in Cape Town
Saudi Arabia's pavilion at the Investing in African Mining Indaba 2024 in Cape Town. (SPA)
Short Url
https://arab.news/c8b3a
Updated 07 February 2024
ARAB NEWS
February 07, 2024
20:02
Pavilion will showcase strategic objectives of enhancing the Kingdom’s appeal to global mining investors
RIYADH: The Saudi Ministry of Industry and Mineral Resources is participating in the Investing in African Mining Indaba 2024, the Saudi Press Agency reported on Wednesday.
The conference is being held between Feb. 5 and Feb. 8 in Cape Town, and is dedicated to the successful capitalization and development of mining interests in Africa.
Khalid Al-Mudaifer, vice-minister for mining affairs, inaugurated the Kingdom’s pavilion at the conference under the theme “Invest in Saudi Arabia.”
The pavilion is being jointly run by the Ministry of Investment, the General Authority for Survey and Geospatial Information, along with various private-sector entities. It aims to foster dialogue with international investors by providing an overview of the investment process and showcasing the Kingdom’s rich mineral resources, positioning Saudi Arabia as a global mining leader.
The pavilion is also seeking to promote the Saudi mining sector’s growth and the strategic objectives of enhancing the Kingdom’s appeal to global mining investors. It emphasizes the sector’s development, the potential for exploration, and the hope of attracting international investments to foster exploration opportunities.
A key highlight of the conference will be a meeting hosted by Saudi Arabia, titled “Unleashing the Exploration Potential in the Kingdom of Saudi Arabia: Cooperation, Innovation, and Sustainability.”
This session will focus on the exploration sector’s prospects within the Kingdom, underscoring sustainability practices, collaborative opportunities, technological advancements, and its economic impact.
https://www.arabnews.com/node/2455931/saudi-arabia
But as usual...alwayshoping.
Saudi pavilion on show at Mining Indaba in Cape Town
Saudi Arabia's pavilion at the Investing in African Mining Indaba 2024 in Cape Town. (SPA)
Short Url
https://arab.news/c8b3a
Updated 07 February 2024
ARAB NEWS
February 07, 2024
20:02
Pavilion will showcase strategic objectives of enhancing the Kingdom’s appeal to global mining investors
RIYADH: The Saudi Ministry of Industry and Mineral Resources is participating in the Investing in African Mining Indaba 2024, the Saudi Press Agency reported on Wednesday.
The conference is being held between Feb. 5 and Feb. 8 in Cape Town, and is dedicated to the successful capitalization and development of mining interests in Africa.
Khalid Al-Mudaifer, vice-minister for mining affairs, inaugurated the Kingdom’s pavilion at the conference under the theme “Invest in Saudi Arabia.”
The pavilion is being jointly run by the Ministry of Investment, the General Authority for Survey and Geospatial Information, along with various private-sector entities. It aims to foster dialogue with international investors by providing an overview of the investment process and showcasing the Kingdom’s rich mineral resources, positioning Saudi Arabia as a global mining leader.
The pavilion is also seeking to promote the Saudi mining sector’s growth and the strategic objectives of enhancing the Kingdom’s appeal to global mining investors. It emphasizes the sector’s development, the potential for exploration, and the hope of attracting international investments to foster exploration opportunities.
A key highlight of the conference will be a meeting hosted by Saudi Arabia, titled “Unleashing the Exploration Potential in the Kingdom of Saudi Arabia: Cooperation, Innovation, and Sustainability.”
This session will focus on the exploration sector’s prospects within the Kingdom, underscoring sustainability practices, collaborative opportunities, technological advancements, and its economic impact.
https://www.arabnews.com/node/2455931/saudi-arabia
Hi Jiving. I like your thinking/clutching at straw. But could that "difference" arise as a result of the changeover arrangements in Nov 22 when Zioc took the 50%+1 share lead in the project and issued all those shares to Glencore in exchange, whereas previously, Glencore were in control with their 50% + 1 share.?
But as usual...alwayshoping.
Hmm."'Glencore is no longer an active participant in the previously-disclosed Zanaga project'.
Dont recall them being too active for the past 10 years neither.
Weekend musings and one potential outcome that keeps us all happy. Plus a possible answer to some questions we are all asking. For example , how is the share price going to be 7.5p one day, and £5 the next ? How do we keep both the Saudis and the Chinese happy so far as guaranteed supply of top grade ore? Where does our new CEO fit into all of this.? And finally ,what would suit all shareholders?
Bob Wilt has indicated that Manara Minerals would only be a 20% max holder in any project. We know the Saudis are going to require a very large amount of ore, so their PIF could chip in with 20%. The Chinese are going to want some as they are going to be involved in "logistical solutions" , so their reward will be 9%.
The remaining 51% could be acquired by Glencore where they could acquire the remaining shares not already in Glencore hands. These could be acquired in a straight exchange of one Glencore share...currently around £4.15 (or even 1.5 Glencore shares) for every one Zioc share. This would suit all shareholders as those who wish to sell and cash in immediately could do so, the remainder..and those much younger than myself could choose to sell a few , and also keep a few for long term dividend payments. Glencore already have their new project manager/CEO in place. Glencore would still retain a percentage of their off take rights.
Not sure exactly how much of that is possible or even feasible, but it sounded really good until I woke up this morning.
As usual....alwayshoping.
Weekend musings and one potential outcome that keeps us all happy. Plus a possible answer to some questions we are all asking. For example , how is the share price going to be 7.5p one day, and £5 the next ? How do we keep both the Saudis and the Chinese happy so far as guaranteed supply of top grade ore? Where does our new CEO fit into all of this.? And finally ,what would suit all shareholders?
Bob Wilt has indicated that Manara Minerals would only be a 20% max holder in any project. We know the Saudis are going to require a very large amount of ore, so their PIF could chip in with 20%. The Chinese are going to want some as they are going to be involved in "logistical solutions" , so their reward will be 9%.
The remaining 51% could be acquired by Glencore where they could acquire the remaining shares not already in Glencore hands. These could be acquired in a straight exchange of one Glencore share...currently around £4.15 (or even 1.5 Glencore shares) for every one Zioc share. This would suit all shareholders as those who wish to sell and cash in immediately could do so, the remainder..and those much younger than myself could choose to sell a few , and also keep a few for long term dividend payments. Glencore already have their new project manager/CEO in place. Glencore would still retain a percentage of their off take rights.
Not sure exactly how much of that is possible or even feasible, but it sounded really good until I woke up this morning.
As usual....alwayshoping.
And what if our Chinese partner is wanting a guaranteed larger percentage of the project, say 20+% ? and definitely worth at least one billion US dollars.
With state backing ie, their China Mineral Resources Group, originally formed as a "National" purchasing entity, then we have this officially in black and white re who we are already working with......"WITH THE POTENTIAL TO PROVIDE FURTHER CAPITAL"
As usual...alwayshoping.
With respect Starbright, you may well be proved to be correct with your thoughts. However, when you read this from official sources, then at least it gives us all a little hope and something to look forward to next week.
As usual...alwayshoping.
""""Several partnerships between the private sector and PIF and its portfolio companies are expected to be concluded and announced during the forum."""
hxxps://www.decypha.com/en/news/details/PIF-s-Private-Sector-Forum-takes-place-next-February/21395361?TSID=&EDT=&L=EN
MM et al...Remember back in November the ""Game changing news coming soon"" headline from the Saudis .
Perhaps your thoughts that the Saudis are going for the 60mta will be that news.
As usual...alwayshoping.
From 25th Nov...... ".Hi Jiving....I am in ALMOST total agreement with your thoughts. However, I believe an "agreement" is already, and has been for sometime, in place with the Saudis/Manara Minerals and their chosen "partners", with the final agreed figure dependent upon the costings and savings figures to be released in due course. It is well documented that the info relating to the aim of Manara and Iron Ore in Africa. And then the recent announcement relating to "GAME CHANGING" news coming soon. What else could that really refer to other than Zanaga?"
Marcus....this report relating to the same event sounds even better....in particular, the final sentence.
"Several partnerships between the private sector and PIF and its portfolio companies are expected to be concluded and announced during the forum."
hxxps://www.decypha.com/en/news/details/PIF-s-Private-Sector-Forum-takes-place-next-February/21395361?TSID=&EDT=&L=EN
Https://www.mining.com/brazil-negotiates-mining-investments-with-saudi-arabia-minister/