Member Info for alwayshoping

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Https://www.xhby.net/content/s653f1802e4b0bd72f64b89a0.html

Riyadh, Rabi’ Al-Akhir 11, 1445 AH, corresponding to October 26, 2023 AD, SPA -

His Excellency the Deputy Minister of Foreign Affairs, Engineer Walid bin Abdulkarim Al-Khuraiji, received, at the Ministry’s office in Riyadh, today, the Chinese government’s special envoy to the Middle East, Zhai Jun, and his accompanying delegation.

During the reception, bilateral relations and ways to strengthen and develop them to serve the aspirations of the two friendly countries were discussed, in addition to discussing many regional and international issues and the efforts made in this regard.

The reception was attended by the Undersecretary of the Ministry of Foreign Affairs for Political Affairs, Dr. Saud Al-Sati, and the Ambassador of the People's Republic of China to the Kingdom, Chen Weiqing.

As usual..alwayshoping.

Riyadh, Rabi’ Al-Akhir 11, 1445 AH, corresponding to October 26, 2023 AD, SPA -

His Excellency the Deputy Minister of Foreign Affairs, Engineer Walid bin Abdulkarim Al-Khuraiji, received, at the Ministry’s office in Riyadh, today, the Chinese government’s special envoy to the Middle East, Zhai Jun, and his accompanying delegation.

During the reception, bilateral relations and ways to strengthen and develop them to serve the aspirations of the two friendly countries were discussed, in addition to discussing many regional and international issues and the efforts made in this regard.

The reception was attended by the Undersecretary of the Ministry of Foreign Affairs for Political Affairs, Dr. Saud Al-Sati, and the Ambassador of the People's Republic of China to the Kingdom, Chen Weiqing.

As usual..alwayshoping.

"However the priority for Saudi Arabia has also been securing steel and iron ore from abroad as the kingdom rushes to construct ambitious mega projects. "Look outside the window, see the cranes, the giga projects that are going on here, there is immense appetite for steel," Wilt said.

https://www.nasdaq.com/articles/saudi-arabias-maaden-working-to-extract-lithium-from-seawater

NOTE..UPCOMING HIGH GRADE ORE PROJECTS...plural !!! IN AFRICA.

Quite a long but interesting read, much of it what we know, but I liked this bit. A pity he didnt..or couldnt...expand a tiny bit more.

"Iron ore and DR pellets: Australia is the world’s biggest iron ore exporter, though its ore is largely unsuited to DRI making (except for a few projects), so will require smelter technology. Brazil, however, is well positioned to produce high-grade ore, though it faces operational challenges at mine sites. The Middle East is well placed to expand as a pellet hub, as it imports more high-grade iron ore from Brazil and upcoming high-grade ore projects in Africa. Brazil’s Vale is also setting up mega-hubs in Saudi Arabia, the United Arab Emirates and Oman to feed DRI furnaces.

NOTE..UPCOMING HIGH GRADE ORE PROJECTS...plural !!! IN AFRICA.

Technology and tie-ups: the Middle East already accounts for 40% of global DRI production, giving the region the technological edge. "

https://www.woodmac.com/horizons/metalmorphosis-how-decarbonisation-is-transforming-the-iron-and-steel-industry/

As usual...alwayshoping.

Quite a long but interesting read, much of it what we know, but I liked this bit. A pity he didnt..or couldnt...expand a tiny bit more.

"Iron ore and DR pellets: Australia is the world’s biggest iron ore exporter, though its ore is largely unsuited to DRI making (except for a few projects), so will require smelter technology. Brazil, however, is well positioned to produce high-grade ore, though it faces operational challenges at mine sites. The Middle East is well placed to expand as a pellet hub, as it imports more high-grade iron ore from Brazil and upcoming high-grade ore projects in Africa. Brazil’s Vale is also setting up mega-hubs in Saudi Arabia, the United Arab Emirates and Oman to feed DRI furnaces.

Technology and tie-ups: the Middle East already accounts for 40% of global DRI production, giving the region the technological edge. "

https://www.woodmac.com/horizons/metalmorphosis-how-decarbonisation-is-transforming-the-iron-and-steel-industry/

As usual...alwayshoping.

Then around 280km down the road, there is a great big pile of it.....

Economy

Industry: revitalize the Congo Foundry

Tuesday October 24, 2023 - 3:30 p.m.

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The prefect of the Niari department, Gilbert Mouanda-Mouanda, expressed on October 20 to the Minister of Industrial Development and Private Sector Promotion, Antoine Thomas Nicéphore Fylla Saint-Eudes, the need to revitalize the Congo Foundry (Fondeco) and to find solutions to restart its activities.

Taking advantage of Minister Fylla's visit to his department, as part of the monitoring and evaluation of the construction work of the Tao-Tao cement plant, the prefect of Niari spoke of the disastrous situation of Fondeco. Indeed, Gilbert Mouanda-Mouanda called for close collaboration between the government, local authorities and investors to find ways to “get this company back on its feet and guarantee jobs for local workers. »

Located 5 km from the town of Dolisie, Fondeco is a factory intended to produce concrete iron and its derivatives. Launched in 2012, Fondeco was created from the ashes of the former Ferco (Congolese Irons), thanks to cooperation between a Mauritian group, Samlo, specialized in concrete iron, which holds 70% of the shares and Congolese State 30%. However, five years after its commissioning, Fondeco abruptly ceased its activities in 2016, undermining its ambition to position itself among the largest companies producing iron and its derivatives in Africa.

Https://eurometal.net/hubs-to-supply-mature-markets-green-dri-woodmac/

Https://eurometal.net/hubs-to-supply-mature-markets-green-dri-woodmac/

"Nogueira shared insights on how Vale will be securing the supply of high-grade iron ore and agglomerates. "

Shame he couldnt have said a wee bit more !!!!

https://www.zawya.com/en/press-release/companies-news/vale-showcases-its-vision-to-pioneer-omans-green-steel-future-at-duqm-economic-forum-ipw5alg7

As usual... alwayshoping

"Nogueira shared insights on how Vale will be securing the supply of high-grade iron ore and agglomerates. "

Shame he couldnt have said a wee bit more !!!!

https://www.zawya.com/en/press-release/companies-news/vale-showcases-its-vision-to-pioneer-omans-green-steel-future-at-duqm-economic-forum-ipw5alg7

Its only a matter of time before Zioc makes the headlines at one of these meetings, and then we will be well and truly off to the races once and for all. A single digit SP will be a distant memory.

https://pdf.defence.pk/threads/eu-preps-for-own-summit-to-compete-with-chinas-belt-and-road.778210/

as usual...alwayshoping.

Its only a matter of time before Zioc makes the headlines at one of these meetings, and then we will be well and truly off to the races once and for all. A single digit SP will be a distant memory.

https://pdf.defence.pk/threads/eu-preps-for-own-summit-to-compete-with-chinas-belt-and-road.778210/

as usual...alwayshoping.

Cooperation: Chinese businessmen commit to continuing their investments in Congo

Wednesday October 18, 2023 - 7:15 p.m.

While staying in China where he took part in the third Belt and Road International Cooperation Forum, Denis Sassou N'Guesso held talks with Chinese businessmen on October 17.

The Exim bank delegation which first had discussions with the Congolese head of state was led by its CEO, Hu Fuling. The two delegations took an overview of the financing of finalized projects, those in progress and others to be carried out in view of the celebration, in 2024, of the sixtieth anniversary of Sino-Congolese cooperation.

In turn, the consortium of China communication companies which is very involved in the construction of transport infrastructure in Congo discussed with the President of the Republic the progress of construction work on the section of the Ouesso-Pokola road and those of the bridge over the Sangha River.

“ Our company has been established in Congo since 2002 through the construction of the Sonocc cement plant. W e carried out the RN2 project , the viaduct and other infrastructure. We discussed a lot about Congo's national development plan with the Head of State. Currently , we are promoting the viaduct extension project and that of the road-rail bridge between Brazzaville and Kinshasa,” declared the consortium officials.

For their part, investors in the telephone company Huawei spoke with the Head of State about the third phase of the national telecommunications coverage project which is part of the global strategic partnership between Congo and China.

Discussions between President Denis Sassou N'Guesso and the Ingenering corporation focused on the future investments of this company which has proven itself in Congo, notably through the construction of the Pointe-Noire-Brazzaville heavy road and the sports complex. from Kintélé.

Very degraded and more than ninety years old, the Congo-Ocean railway (CFCO) deserves a makeover. In order to allow the Congolese rails to fully assume their role as goods transport infrastructure, the Head of State spoke with Yang Jifen, CEO of the CRCC company which intends to rehabilitate the CFCO. “We discussed with His Excellency the President of the Republic on the railway line rehabilitation project. Through rehabilitation work, we would like to restore the transport capacity of this line and its speed to contribute to the economic development of the country ,” said Yang Jifen. Finally, the development of Agriculture being at the heart of the Congolese government's program, investors in the company Capfound intend to help Congo in the production of fertilizers based on potash and phosphate.

Cooperation: Chinese businessmen commit to continuing their investments in Congo

Wednesday October 18, 2023 - 7:15 p.m.

While staying in China where he took part in the third Belt and Road International Cooperation Forum, Denis Sassou N'Guesso held talks with Chinese businessmen on October 17.

The Exim bank delegation which first had discussions with the Congolese head of state was led by its CEO, Hu Fuling. The two delegations took an overview of the financing of finalized projects, those in progress and others to be carried out in view of the celebration, in 2024, of the sixtieth anniversary of Sino-Congolese cooperation.

In turn, the consortium of China communication companies which is very involved in the construction of transport infrastructure in Congo discussed with the President of the Republic the progress of construction work on the section of the Ouesso-Pokola road and those of the bridge over the Sangha River.

“ Our company has been established in Congo since 2002 through the construction of the Sonocc cement plant. W e carried out the RN2 project , the viaduct and other infrastructure. We discussed a lot about Congo's national development plan with the Head of State. Currently , we are promoting the viaduct extension project and that of the road-rail bridge between Brazzaville and Kinshasa,” declared the consortium officials.

For their part, investors in the telephone company Huawei spoke with the Head of State about the third phase of the national telecommunications coverage project which is part of the global strategic partnership between Congo and China.

Discussions between President Denis Sassou N'Guesso and the Ingenering corporation focused on the future investments of this company which has proven itself in Congo, notably through the construction of the Pointe-Noire-Brazzaville heavy road and the sports complex. from Kintélé.

Very degraded and more than ninety years old, the Congo-Ocean railway (CFCO) deserves a makeover. In order to allow the Congolese rails to fully assume their role as goods transport infrastructure, the Head of State spoke with Yang Jifen, CEO of the CRCC company which intends to rehabilitate the CFCO. “We discussed with His Excellency the President of the Republic on the railway line rehabilitation project. Through rehabilitation work, we would like to restore the transport capacity of this line and its speed to contribute to the economic development of the country ,” said Yang Jifen. Finally, the development of Agriculture being at the heart of the Congolese government's program, investors in the company Capfound intend to help Congo in the production of fertilizers based on potash and phosphate.

We know why CMRG was set up in the first place and their plans going forward.

We learned this week that CMRG are currently in talks with the likes of Rio, Fortescue and Vale in acquiring guaranteed ore supplies.

So todays news can only be a plus.

http://www.aastocks.com/en/mobile/news.aspx?newsid=NOW.1299515&newssource=AAFN

We know why CMRG was set up in the first place and their plans going forward.

We learned this week that CMRG are currently in talks with the likes of Rio, Fortescue and Vale in acquiring guaranteed ore supplies.

So todays news can only be a plus.

http://www.aastocks.com/en/mobile/news.aspx?newsid=NOW.1299515&newssource=AAFN

Https://www.australianresourcesandinvestment.com.au/2023/10/10/simandou-surges-forward/