Just back from todays meeting haha...nothing of real note re Zanaga highlighted so far.
25 Memoranda of Understanding (MoUs) were signed at the Brazilian – Saudi Investment Forum, across sectors including Petrochemicals, Food Processing, Tourism, Healthcare, Real Estate, Aerospace & Defense. This includes an MoU between civil construction company OEC and MISA for the former to open a Regional Headquarters (RHQ) in the Kingdom to explore construction opportunities in Saudi Arabia in consortium with Saudi construction companies. Light Capital also signed an MoU with MISA to open a RHQ which will explore payment systems in the Middle East.
"
Https://www.arabnews.com/node/2347311/business-economy
"The minister is scheduled to open the Brazilian-Saudi Investment Forum which aims to enhance investment relations between the two countries across fields.
The forum will see the participation of several officials and CEOs of major companies as well as representatives of the private sector from the two countries. "
Moreover, the forum will tackle issues related to investment and environment in the Kingdom and Brazil, in addition to a number of discussion sessions on opportunities in mining, food processing, agriculture and transport.
Https://www.arabnews.com/node/2347311/business-economy
"The minister is scheduled to open the Brazilian-Saudi Investment Forum which aims to enhance investment relations between the two countries across fields.
The forum will see the participation of several officials and CEOs of major companies as well as representatives of the private sector from the two countries. "
Moreover, the forum will tackle issues related to investment and environment in the Kingdom and Brazil, in addition to a number of discussion sessions on opportunities in mining, food processing, agriculture and transport.
MM and others. Have you guys any thoughts on just why, at this moment in time, none, as far as we are aware, of our "so called frontrunners/favourites" have either put in a low ball offer to get the ball rolling, or alternatively, a "super offer" to blow the opposition out of the water yet. With all their financial clout, there is no way that they are too worried about the cost savings currently being costed by the Chinese. Why no sign, again, as far as were are aware, of FOMO. OR do you think it is simply a case of each waiting for the others to make the first move?
MM and others. Have you guys any thoughts on just why, at this moment in time, none, as far as we are aware, of our "so called frontrunners/favourites" have either put in a low ball offer to get the ball rolling, or alternatively, a "super offer" to blow the opposition out of the water yet. With all their financial clout, there is no way that they are too worried about the cost savings currently being costed by the Chinese. Why no sign, again, as far as were are aware, of FOMO. OR do you think it is simply a case of each waiting for the others to make the first move?
A few more dots being joined ??
NOV 22 we get this.
Vale signs agreements to develop Mega Hubs in the Middle East and provide decarbonization solutions for steelmaking
Vale announces that it has signed three agreements with local authorities and clients to jointly study the feasibility of developing industrial complexes (Mega Hubs) in the Kingdom of Saudi Arabia, the United Arab Emirates and the Sultanate of Oman to produce low carbon footprint products to the steelmaking industry.
Today, we get this.
Saudi Arabia enhances cooperation with Oman as PIF signs MoU with OIA
https://www.arabnews.com/economy
A few more dots being joined ??
NOV 22 we got this.
Vale signs agreements to develop Mega Hubs in the Middle East and provide decarbonization solutions for steelmaking
Vale announces that it has signed three agreements with local authorities and clients to jointly study the feasibility of developing industrial complexes (Mega Hubs) in the Kingdom of Saudi Arabia, the United Arab Emirates and the Sultanate of Oman to produce low carbon footprint products to the steelmaking industry.
Today, we get this.
Saudi Arabia enhances cooperation with Oman as PIF signs MoU with OIA
https://www.arabnews.com/economy
MM Good to see you are still posting on this thread.
Is this the consortium you were referring to below...from June 29th
Zanaga Consortium29 Jun 2023 16:02
Ahead of tomorrow's report, here's my accumulated joining of the dots.
(By my reckoning ZIOC are now obliged to report developments in order to keep shareholders informed of the value add of recent developments. Additionally, as part of the November restructuring of Jumelles, Elphick committed to search for funding through 2023 and that requires an update, and likewise their September 2022 comments on significant engagement on infrastructure alternatives).
DEAL
Zanaga to be bought in its entirety by a consortium. ZIOC will be very handsomely compensated for giving up the future potential of the deposit arising from; resource extension, grade improvements, and cold bonded pellet/briquette premiums.
FINANCE
Majority funded by Gulf SWFs and related entities: Saudi Arabia's PIF-Ma'aden, Abu Dhabi's ADQ and perhaps interest from Oman.
Other participants may include Glencore (probable), Mitsui and Kobe Steel, Baowu Steel and Itochu.
PORT
AD Ports (owned by ADQ) to build new mole port.
AD Ports and Vale to build new mineral port - (A new AD Ports and Vale JV to operate VLOCs into the Gulf).
INFRASTRUCTURE and MINE DEVELOPMENT
Vale 100%
The PIF-Ma'aden JV is going to buy into Vale - plus fund the necessary infrastructure of new rail lines and long distance conveyors.
OFF TAKE
3x green steel hubs in the Gulf, via the 3 green briquette plants that Vale are building.
Glencore
Mitsui
MAYOKO
Included in the development plans.
ANNOUNCEMENT
Within July, perhaps even next week.
COST
$4-6bn for in-country infrastructure mainly rail lines.
Zanaga $8-12bn
Further to this posted on 7th July.
"On 31st May 2023, we learned of this.....https://www.businessdailyafrica.com/bd/data-hub/president-ruto-reveals-plan-to-extend-sgr-to-uganda-and-congo-4252426 "
NOTE..Important part is the plan to include a new line within Congo Brazzaville.
Today ,Ruto is in Brazzaville with DSN, to discuss amongst other things "transport" .
Maybe in the not too distant future, we might just have a rail line somewhere within a million miles of Zanaga.
"Congo-Kenya: President William Ruto on a state visit to Brazzaville.
If you recall, we had DSN cosying up with Ruto for three days.
And now today, July 22nd, we hear of this re RutoKenya and new railways.....
"https://english.news.cn/20230722/998cc4d640cd4eb49719f6eac4759c02/c.html
Only time will tell if it turns out to be of any benefit to Zanaga.
As usual...alwayshoping
so sad to read of all the latest "********" on this thread. personally, i believe a lot of it is down to sheer frustration that the big news that will come sometime has simply not been quick enough for some; and yes, i am frustrated too. what is factually correct though, is that there is an awful lot going on behind the scenes that may or may not have a direct effect on our investment in zanaga. only time will tell whether the "dot joining" efforts of mm turn out to bear fruition.
mm . i hope that you will continue to post your thoughts and findings on here; most appreciate your efforts, and at the same time, there is no doubt that there are many more on this thread who are also very keen to read them ,but have no desire or reason to make further comments; the "lurkers and silent watchers" i believe they are known as. so please dont let a small minority spoil it for the vast majority.
anyhow, i intend to continue to post any snippets of news or info i find for the benefit of those who maybe interested.
todays update from the imf relating to the congo.
https://www.imf.org/en/news/articles/2023/07/19/pr23270-congo-imf-board-concludes-3rd-ecf-review?cid=em-com-123-46929
for the benefit of those who are interested and like to to hear of any news that may or may not affect their investment in zanaga.
"During the reception, they discussed bilateral relations between the two countries, and ways to support and develop them in various fields, in addition to reviewing all regional and international events of common interest."
Politician / The Custodian of the Two Holy Mosques sends a verbal message to the President of the Republic of Congo
Brazzaville, Muharram 01, 1445 AH, corresponding to July 19, 2023 AD, SPA.
The Custodian of the Two Holy Mosques, King Salman bin Abdulaziz Al Saud - may God protect him - sent a verbal message to His Excellency President Denis Sassou Nguesso, President of the Republic of the Congo "Brazzaville", related to bilateral relations between the two friendly countries. ways to enhance joint cooperation.
The message was conveyed by His Excellency the Advisor at the Royal Court, Mr. Ahmed bin Abdulaziz Qattan, during a reception by His Excellency the President of the Republic of the Congo, "Brazzaville", today in Brazzaville, the capital.
During the reception, His Excellency conveyed the greetings of the Custodian of the Two Holy Mosques, King Salman bin Abdulaziz Al Saud, and His Royal Highness Prince Muhammad bin Salman bin Abdulaziz Al Saud, Crown Prince and Prime Minister - may God preserve them - to His Excellency and to the friendly government and people of the Republic of Congo "Brazzaville", while His Excellency conveyed his greetings and appreciation to the Custodian of the Two Holy Mosques, His Highness the Crown Prince, and the government and people of the Kingdom of Saudi Arabia.
During the reception, they discussed bilateral relations between the two countries, and ways to support and develop them in various fields, in addition to reviewing all regional and international events of common interest.
His Excellency affirmed his country's full support for the Kingdom's request to host Expo 2030 in Riyadh, while His Excellency expressed the thanks and appreciation of the Government of the Kingdom of Saudi Arabia for this support, which comes from the distinguished relations between the two countries.
His Excellency also expressed his country's welcome to hold the two summits, "the first Saudi-African summit, and the fifth Arab-African summit" in the Kingdom of Saudi Arabia this year.
// Ended //
AM 11.56
Biden’s overseas mineral strategy faces early test
By Hannah Northey | 07/17/2023 01:25 PM EDT
https://www.eenews.net/articles/bidens-overseas-mineral-strategy-faces-early-test/
Lets hope this is what Zanaga turns out to be.
Africa: drop in foreign direct investment flows
Monday, July 17, 2023 - 7:30 p.m.
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Foreign direct investment (FDI) flows to Africa fell to $45 billion in 2022 from the record high of $80 billion reached in 2021, the United Nations Conference on Trade and Development said ( UNCTAD).
These flows to Africa represented 3.5% of foreign direct investment in the world, specifies the UN agency in the Report on investment in the world 2023 published last Wednesday. The number of new project announcements increased by 39% to 766. Six of the top 15 greenfield investment megaprojects (worth more than $10 billion) announced in 2022 were in Africa.
The number of new projects announced more than doubled to 161. The value of international project finance deals increased by two-thirds to $24 billion. Flows to Morocco fell slightly by 6% to $2.1 billion. Intraregional investment has remained relatively low, despite an increase over the past five years. In 2022, announcements of new intra-regional projects accounted for 15% of all projects in Africa (2% by value), up from 13% (2% by value) in 2017. However, by value, three-quarters of announced projects in which only African multinational companies invest concerned the continent.
In 2022, the largest increase in greenfield project announcements is in energy and gas supply (at $120 billion from $24 billion in 2021). The value of construction and mining projects also increased, to $24 billion and $21 billion, respectively. The information and communication sector registered the highest number of projects. International project finance transactions targeting Africa recorded a 47% decline in value ($74 billion, compared to $140 billion in 2021), but a 15% increase in the number of projects, which amounted to at 157.
As usual. Alwayshoping.
Not sure if we have seen this, but It appears that they are not sitting around in Cameroon.
https://www.voaafrica.com/a/cameroon-laying-rails-to-iron-mine/7126792.html