Proposed Directors of Tirupati Graphite explain why they have requisitioned an GM. Watch the video here.
More than likely, a few more than that Drago. Zanaga usually leave it until the final day before the RNS with results and updates etc. Was July 1st last year. But, as there has been so much going on behind the scenes these past few months ....alwayshoping as usual....then there may well be a slight delay this year...and then THE news we are all hoping for. Fingers crossed.
The final paragraph could be of interest to Zanaga.
India's expert import bank, Exim Bank India, is engaged in financing the new Tao Tao cement works, rural electrification and urban transport. A government delegation stayed in India to present the opportunities to invest in the Republic of Congo and attract investors including Exim Bank India.
The Congolese government delegation, made up of the Minister of State in charge of Infrastructure, Jean-Jacques Bouya, and that of Industrial Development and Promotion of the Private Sector, Antoine Nicephore Thomas Fylla Saint-Eudes, met on June 15, in New Delhi, with the directors of Exim Bank India, as well as other investors wishing to set up in Congo.
This business meeting took place on the sidelines of the eighteenth edition of the India Africa conclave organized from June 14 to 16, in the Indian capital, New Delhi. It enabled the Congolese party to monitor the construction project of the Tao Tao cement plant, in the department of Niari, for which Exim Bank India has mobilized 55 million US dollars. According to the Congolese authorities, the uncertainties surrounding the cost of this project and the deadline for completion have been resolved; the plant could be commissioned in 2025 for production estimated at 600,000 tonnes/year.
The same discussions also focused on the relaunch of the project to improve the urban transport system of the cities of Brazzaville and Pointe-Noire financed by the bank to the tune of 89 million dollars, currently on hold; as well as the continuation of negotiations for the financing of the Urea plant for the production of fertilizers.
Speaking at the India Africa conclave, Minister Antoine Nicephore Thomas Fylla Saint-Eudes spoke about the situation of his country in the "manufacturing industries for the African common market" , in connection with the process of the African Continental Free Trade Economic Zone. (Zlecaf). Congo needs partners, particularly Indian ones, to better prepare for the opening of the Zlécaf market by 20230.
“ With this in mind, the government of the Republic of Congo has launched a vast economic development project, through the National Development Plan (PND) 2022-2026. This program has six strategic pillars, of which 50% of the investments are devoted to industry. The seventy-four industrial projects selected within the framework of this PND are essentially based on the development of local raw products ”, specified the Minister of Industrial Development.
He also listed the government's priority projects, namely the construction of two production units for iron ingots, copper, gold and zinc; the construction of a urea manufacturing unit; the processing of wood residues from first, second and third processing; the construction of agro-industrial units of refined edible oil; the construction of a quality control laboratory; the construction and equipment of industrial trades centers and the rehabilitation of the Congo-
Veteran10.
https://www.spa.gov.sa/?lang=en
Today....Economist / The Arab-Chinese Business Conference concludes its first day with the signing of agreements worth more than $10 billion.
including..."
"first day of the tenth Arab and Chinese businessmen conference, the largest of its kind hosted by the Kingdom, concluded with the signing of investment agreements worth more than 10 billion US dollars (37.5 billion riyals), including 30 agreements and deals in a number of sectors; Including: technology, renewables, agriculture, real estate, minerals, supply chains, tourism, and healthcare.
The conference's extensive agenda succeeded in attracting thousands of participants, as it included panel discussions, workshops, special meetings, and side events that explore a number of selected major topics; Among the most important of them: social and environmental responsibility and governance, and enhancing the resilience of the supply chain, as the number of participants reached more than 3,500 business leaders, innovators and decision-makers from more than 26 countries.
The conference witnessed the signing of a number of agreements between the participating companies, including a $533 million deal between Amar Al-Oula and Zhonghuan International Group (Hong Kong) Ltd. to establish a factory for processing iron ore and manufacturing iron pellets for smelting plants in the Kingdom"
I bet that more on here know more about iron ore and what will be required, than these so called forecasters and analysts.
https://www.australianresourcesandinvestment.com.au/2023/06/07/five-year-first-iron-ore-set-for-surplus-in-2023/
PART 2 TRANSLATION
According to the EU Ambassador to the Republic of Congo, Giacomo Durazzo, the launch of this project is a key step for the EU-Congo partnership, in support of economic diversification and improved governance. Through its implementation, the objective for the EU is to support its Congolese partners in responding to the challenges that arise in terms of digitalization.
For his part, the regional representative of the EIB, Nikolaos Milianitis, underlined that he was delighted that this bank supported such an important project for the development of Congo, contributing both financially and technically to this project. According to him, the EIB demonstrates its commitment to developing a far-reaching strategic vision for the benefit of the local population. " On behalf of the EIB, I would like to reiterate our desire to support the Republic of Congo in achieving its development objectives and national priorities ...", he said.
A project with a strong economic impact
Ultimately, the project aims in particular to support the diversification of the economy in the Republic of Congo. This is, on the one hand, to promote a skilled workforce, capable of thriving in a more digitized economy, thanks to the strengthening of digital skills in line with the needs of the private sector. On the other hand, by using digitalization to strengthen governance, the project also aims to contribute to the improvement of public services for citizens and businesses, to a more efficient public administration, thus contributing to the improvement of the climate. business and investments.
Digital transformation acceleration project: Congo launches the second component in this area
Thursday, June 8, 2023 - 4:52 p.m.
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PART 1
Six months later, the Republic of Congo has just launched the second part of the digital acceleration project. The ceremony took place on June 8, in Brazzaville, under the aegis of the Minister in charge of Posts, Telecommunications and the Digital Economy, Léon Juste Ibombo, in the presence of several members of the government as well as the Ambassador , head of the European Union (EU) delegation to Congo, Giacomo Durazzo, and the regional representative of the European Investment Bank (EIB).
The overall objective of the project is to accelerate digital transformation in Congo as a source of jobs and a vector of better governance, in particular by supporting the modernization of public administration information systems and the development of digital economy in the country.
Three development partners are mobilized to finance this flagship project of 89.4 billion FCFA. It brings together a grant of 10 billion FCFA from the EU, a loan of 17 billion FCFA from the EIB and financing from the World Bank of approximately 61.4 billion FCFA. This project is fully aligned with the National Development Plan 2022-2026 and the national strategy "Congo Digital 2025". It will be implemented by a project management unit, under the supervision of the Ministry of Posts, Telecommunications and the Digital Economy.
“ Far from being a pipe dream, linking Congo to the development of the digital economy contributes, like this project, to a strong, diversified, resilient economy, for inclusive growth and development. irreversible, for the purpose of creating wealth and jobs for young people... I would like to thank the partners, for this harmonious collaboration affecting the fields of telecommunications, posts, the digital economy, finance, entrepreneurship, youth, health, education, town planning, public administration, justice, civil status, statistics, cyber security, i. government, data governance, digital skills, and finally, population connectivity “, indicated the Minister of Posts, Telecommunications and the Digital Economy, Léon Juste Ibombo.
The European component of this flagship project focuses on strengthening governance through digitalization, improving employability through strengthening the digital skills of the Congolese population, personal data protection and cyber security. .
Back in April, we learned of the potential tie up of the New Mole Port and AD Ports.
https://www.zawya.com/en/business/transport-and-logistics/ad-ports-group-congo-discuss-future-cooperation-yqsc8tzz
Part of the the tie up was this..."Additionally, the Group will provide the new facility with digital services and technology solutions to enhance its efficiency, including design, implementation, and operation of a single window, software development, digital architecture, business analytics, digital operations support, and digital transformation."
And now today, we have this....https://www.adiac-congo.com/content/projet-dacceleration-de-la-transformation-numerique-le-congo-lance-le-deuxieme-volet-en-la
translated next post
Whilst not directly affecting Zanaga, what it does do is to give confidence to other "investors or companies" thinking of moving into CB. If the EU, the EIB..European Investment Bank and the World Bank are prepared to invest a total of 89.4 Billion FCFA into CB, then they must be happy that the days of corruption and alleged "brown envelopes" are a thing of the past.
MM..."These reserves are just one third of the known resource, and that resource is open along strike and at depth. AT himself revealed that they have sent a drill down to 1,000m and 'didn't find the bottom of the magnetite'. They drilled to just 300m in proving the reserves. That being so it's quite possible that the ultimate resource could be 8-10x those proven reserves.
So that's 2x NPV for the cold-bonded premium, and perhaps 8-10x for the whole resource.
Off the scale stuff."
Minorminer. you have hit the nail on the head. It is only in the last six to nine months that Green Steel became the buzz word in the industry and with it the huge increase in demand and of the high grade ore which we have in abundance. Like you said, we have only proved up around one third of the resource and we know what AT believes what else is there. Surely ,the board have been working behind the scenes to increase the known reserves and extract further value from the asset, and maybe that is exactly why we have had no news updates for so long. At the same time, that would explain why there has been no sign of a buy out or JV, ie, "we are not selling until we know more about what we have." As i said before, if this is the case, then the board have played an absolute blinder, and the sad and negative thoughts around covid having cost us big time will not sound as bad as they were afterall.
MM....Good find and info; thank you. Re my post earlier.... Minorminer."I think the primary reason is recognition that ZIOC have got us to this point and have produced an Ace card that massively increases the value of Zanaga."
There is only one guaranteed way that Zioc could have done that. If it is what I and yourself believe they have done, then they have played an absolute blinder. Alwayshoping."
My thoughts are still with this , as above.. Time will tell. Not too long to wait now.
Minorminer.
"I think the primary reason is recognition that ZIOC have got us to this point and have produced an Ace card that massively increases the value of Zanaga."
There is only one guaranteed way that Zioc could have done that. If it is what I and yourself believe they have done, then they have played an absolute blinder. Alwayshoping.
Maybe not the "Ace" that MM has in mind, but certainly a couple of big plus,s from as long ago as 2014. 1) there are a few years high grade ore on the surface, and therefore available from Day 1 (no idea at the moment, how far down they have to go at the likes of Simandou for example, but cannot be any quicker and 2) proven to be at the bottom end of costs to produce compared to other mines, and dont forget, those costs have been reduced even further in recent years.
From 2014.."The initial open pit mining operation will use contractor mining to exploit free dig material with a very low strip ratio, with simpler processing requirements resulting in low initial power demand. The ore will be upgraded into a high grade pellet feed using conventional gravity and flotation concentration methods before being pumped to the port via a slurry pipeline. The Project’s “on-shore” port facilities and infrastructure will include a filter plant for dewatering of the concentrate and a covered ore storage facility located at a proposed new third party port to be constructed 9km north of the existing port of Pointe-Noire (“Pointe Indienne”). Operating costs are estimated at $32/t FOB, including royalty, which would position Zanaga at the bottom quartile of the industry’s cost curve. The capital cost is estimated at $2.2 billion including contingency.
The state-owned iron ore purchaser China introduced last year to enhance steelmakers’ negotiating power has yet to deliver the reduced iron ore prices mills had hoped for.
According to Reuters, approximately 30 Chinese steel mills have signed iron ore procurement contracts through the China Mineral Resources Group (CMRG), but one steel mill said it hadn’t enjoyed any price improvements to date.
“We have not received any cheaper iron ore prices and to be honest I don’t expect they can get better deals any time soon,” a purchasing manager for a state-owned steel mill said at a Singapore industry event last week, as reported by Reuters.
Other steel mill officials and iron ore traders echoed this sentiment, suggesting iron ore prices were no cheaper than what they could achieve independently.
The CMRG has overseen plenty of activity in the Chinese iron ore sector since its introduction last year, with the 30 steel mills in question accounting for approximately 300 million tonnes of iron ore purchases per annum.
But this hasn’t created any notable market shifts.
“Our cooperation with the CMRG is constructive … so far we have not seen a market-shaking change,” a mining company official told Reuters.
“It’s hard to say if more Chinese firms will put their contract bargaining under CMRG in the future. That would mainly depend on what CMRG achieves.”
And while Chinese steelmakers have been unable to achieve the lower prices they desire, they are required to pay commission for CMRG’s services, adding costs at a time when lower steel demand from an ailing property sector is impacting revenues.
Imported iron ore prices in China fell below $US100 per tonne (t) for the first time in six months on Wednesday last week, with 62 per cent seaborne Australian iron ore fines at the port of Qingdao trading at $US97.3 ($149)/t.
“Chinese prices for imported iron ore began a steep slide from late last week as pessimism intensified among market participants, and fundamentals for the ore stayed weak,” Mysteel said.
This pessimism also saw imported iron ore stocks from Chinese steel mills drop to a record low last week, where 64 Chinese steel mills had 9.37 million tonnes of imported iron ore sintering fines in stock according to a Mysteel survey for the May 18–24 period.
This was a 172,100-tonne decline from the week before and the lowest figure since Mysteel first launched the survey in July 2014.
“The volume was also 41.6 per cent lower than the same period of last year, Mysteel’s data showed,” Mysteel said. “Market watchers attributed the continuous decrease to the still-cautious buying from many steel mills.”
A delegation from the World Bank had a good look around the Pointe Noire Port yesterday, and they were quite happy when they left. Could be any financial assistance required from them could be in the offing if required.
PAPN: About 20 World Bank administrators visit the infrastructure
Monday, May 22, 2023 - 6:27 p.m.
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On a working trip to the Republic of Congo, a World Bank mission conducted a guided tour of the port facilities shortly after the exchange with officials.
Led by Dalhia Khalifa, Regional Director of the World Bank in Central Africa in Liberia, Nigeria and Sierra Leone, who was accompanied by Abdoul Salam Bello, Executive Director of the World Bank in the Republic of Congo, and Korotoumou Ouattara, Resident Representative of the World Bank in Congo, the delegation discussed with the officials of the Autonomous Port of Pointe-Noire (PAPN) before taking a guided tour of the infrastructure and equipment.
In the port enclosure, the delegation was received by Bernard Serges Bouya, deputy general manager of the PAPN who, after the customary courtesies, thanked it for this visit which honors its structure. A video document highlighting the performance of the port and the various opportunities offered to partners and customers was thus screened at the end of the exchanges.
The guided tour of the PAPN facilities allowed the port administrators to experience the performance of the port institution which, for some time, has been constantly modernizing with the development and construction of the quays, the development of the terminal at containers and the equipment of other infrastructures making the port structure more attractive and competitive.
At the end of the visit, the directors of the World Bank expressed their feeling of satisfaction. A multifaceted support, if necessary, could translate the collaboration with the financial institution taking into account the needs expressed by the PAPN, said the regional director of the World Bank in Congo.
It should be noted that since 2022, the PAPN has been carrying out its 2022-2026 strategic plan with the aim of once again becoming the ocean gateway to Central Africa. To do this, it wants to be the port that consolidates and develops its position as a major transhipment port, an economic lung port that serves its nearby hinterland and a vast hinterland in Central Africa, making Pointe-Noire a "Smart port", c i.e. a port concerned with the protection of the environment, digitized and attractive in terms of prices and deadlines.
Bear. re.."Since GLEN changed their interest in ZIOC things are definitely looking up! And since then we have had MinorMiner spending more than most people's waking hours spouting endless "information" which isn't leading new investors to invest! And what's the point anyway, unless he's looking to bank a 50% profit after attracting punters to invest in a 50-bagger? It's all very strange." Since Glen changed their interest, exactly how much info or details have we heard from Zioc? Zilch. And because of no news, Zioc shareholders ..if it wasnt for the likes of MM ,would by now be moaning and wondering if anything was ever to happen or what was was going. Because of the likes of MM, we now know more about the worlds need for green steel ie Zanagas high grade ore; we know about the new mole port which is due to be build to Zanagas exact specification; we know all about what the Saudis are now planning for their long term future, and how they are going to do it. The world is changing, and something will definitely be happening with Zanaga, maybe, just maybe far sooner than some on here realise, and those who didnt take advantage of MM,s info and miss out on a multi multi bagger will live to regret it. GLALTH.
Https://michaelwest.com.au/worlds-biggest-steel-maker-eyes-new-green-plant-in-wa/
Driving. Re your post "Thanks for the positive words, and I promise if this gets sold for anything over 50p(unrealistically cheap IMO), then the drinks are on me(you can eat &drink all you can at one of my restaurants in north wales)!
We visit friends in the Portmadog area two or three times a year; are yoiu anywhere near this area ? Always looking for somewhere different to eat. TIA.
ATG...re ..What do the ROC get .To start with 30000 free condoms. ...and 10% from the mine.. Going back 9 years, a lot of info here... quite a long read......https://www.annualreports.com/HostedData/AnnualReportArchive/z/LSE_ZIOC_2014.pdf