Member Info for alwayshoping

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

Only time will tell if Vale are eying up or becoming involved in Zanaga.

https://www.tradingview.com/news/spacemoney:285fa70e2bc81:0/?aff_id=119097&aff_click_id=40e87d17-1960-49e8-afa4-46a5860076ce&aff_sub=629734a5371bd95b822faaf9

Only time will tell if Vale are eying up or becoming involved in Zanaga.

https://www.tradingview.com/news/spacemoney:285fa70e2bc81:0/?aff_id=119097&aff_click_id=40e87d17-1960-49e8-afa4-46a5860076ce&aff_sub=629734a5371bd95b822faaf9

Re the CMRG discussions...."A Fortescue spokesperson said the company was unable to comment on confidential discussions, but was continuing to engage with CMRG."

What we do know is...

1)Fortescue have plenty of ore in Aussie, but it is mostly the low grade stuff which is no good for the new Green Steel requirements.

"2) Fortescue originally lost out in the auction for Simandou a few years ago, their bid of $9 BILLION DOLLARS no where near enough.

That sum is petty cash for them, and no doubt most on here would be delighted with half that amount for Zanaga.

As usual...alwayshoping.

Re the CMRG discussions...."A Fortescue spokesperson said the company was unable to comment on confidential discussions, but was continuing to engage with CMRG."

What we do know is...

1)Fortescue have plenty of ore in Aussie, but it is mostly the low grade stuff which is no good for the new Green Steel requirements.

"2) Fortescue originally lost out in the auction for Simandou a few years ago, their bid of $9 BILLION DOLLARS no where near enough.

That sum is petty cash for them, and no doubt most on here would be delighted with half that amount for Zanaga.

As usual...alwayshoping

BUT...There is also this news as well today; getting interesting. CMRG have been very quiet since setting up last year.

China’s giant iron ore buyer starts supply talks with top miners.

https://thewest.com.au/business/mining/chinas-giant-iron-ore-buyer-starts-supply-talks-with-top-miners-c-12122977

Maybe Vale will not be part of any potential consortium looking at Zanaga??

"Competitors may now be looking at M&A opportunities in mining and metals but Vale doesn't need that due to its "huge " existing base metals mine assets in both Brazil and Canada, as well as its "unique" high-quality iron ore assets in Brazil, the Vale CEO said in a session at the event."

"https://www.spglobal.com/commodityinsights/en/market-insights/latest-news/metals/100623-vale-not-planning-more-equity-sales-in-base-metals-may-consider-ipo-in-3-4-years

BUT...There is also this news as well today; getting interesting. CMRG have been very quiet since setting up last year.

China’s giant iron ore buyer starts supply talks with top miners.

https://thewest.com.au/business/mining/chinas-giant-iron-ore-buyer-starts-supply-talks-with-top-miners-c-12122977

Maybe Vale will not be part of any potential consortium looking at Zanaga??

"Competitors may now be looking at M&A opportunities in mining and metals but Vale doesn't need that due to its "huge " existing base metals mine assets in both Brazil and Canada, as well as its "unique" high-quality iron ore assets in Brazil, the Vale CEO said in a session at the event."

"https://www.spglobal.com/commodityinsights/en/market-insights/latest-news/metals/100623-vale-not-planning-more-equity-sales-in-base-metals-may-consider-ipo-in-3-4-years

Hopefully Vale could be in their plans, especially this bit.."and its readiness to expand and strengthen cooperation with Brazil,” the SPA said.

Agreement signed during conference in Rio de Janeiro to highlight investment opportunities in aviation sector

‘The two countries have a long history of cooperation and partnerships in various fields’: GACA president

SAO PAULO: The Saudi General Authority of Civil Aviation and Brazil’s National Civil Aviation Agency signed a memorandum of understanding for cooperation in the field of civil aviation during a conference in Rio de Janeiro.

The conference highlighted investment opportunities in the aviation sector. The two countries intend to reinforce cooperation to exchange knowledge, aiming to improve the passenger experience in air transport, among other goals.

The Saudi Press Agency reported that the partnership fulfills the objectives of the National Aviation Strategy, which seeks to make the Kingdom a global aviation hub.

With this partnership, Brazil can provide expertise in infrastructure projects and other areas of the Saudi aviation sector.

“By participating in the event, the Kingdom seeks to prove its global leadership in the field of aviation and its readiness to expand and strengthen cooperation with Brazil,” the SPA said.

The MoU includes information exchanges such as reports, service quality indicators and passenger satisfaction surveys related to practices adopted in Brazil and Saudi Arabia.

The agreement also includes the exchange of information, standardized procedures for passengers with disabilities or reduced mobility, and training courses and workshops focusing on improving the passenger experience. The MoU will be implemented according to the laws and regulations of both countries.

GACA President Abdulaziz bin Abdullah Al-Duailej, who attended the conference’s opening ceremony, said the Kingdom values relationships built on trust and hard work.

“Despite the long distance between Saudi Arabia and Brazil, the two countries have a long history of cooperation and partnerships in various fields,” he added.

Saudi Arabia is heavily investing in its aviation sector to boost tourism by 2030, targeting 330 million passengers by the end of the decade.

As usual...alwayshoping.

Just wondering why they released that news after hours on a Monday, instead of the usual 7AM tomorrow morning.

Surely there cannot be even more news of some sort at 7am tomorrow morning ??

As usual..alwayshoping.

NIBJ @18.16

"You only accept 65% reduction because you know what will be real value. game is closing very soon"

Totally correct...

"With the timing of B2B revenues to commence in Q1 and achieving the position of being able to fund

core operations through Tally’s investment assets as and when required, the Company should be able

to achieve a successful IPO in or around March 2024. Shareholders should note however, the path to

a successful listing and the ultimate timeline will be influenced by external factors outside of the

Board’s control, including the views of our corporate service providers to be appointed, and the

regulator"

Jiving and Extrader...(Ex, just seen saw very latest post while compiling mine below)

From the interims and re ". As of today, discussions with management continue and a resolution is expected to be reached imminently through the issue of shares in consideration of part of this deferred consideration." and then your thoughts/questions on the resulting dilution.

When issuing these additional/new shares to the likes of AT and other board members in lieu of unpaid wages/fees/thank you,s etc, I believe it is fair to say, and expect, that the BOD will have a pretty good idea of what the true value of each share will be worth at the time of any buy out or JV. An offer of just ONE BILLION US DOLLARS equates to roughly £1.30. Therefore, awarding each individual just one million shares would equate to a £1.3million pay day, which would be well in excess of what they would have been paid under normal circumstances. You can do your own maths to calculate the value of each share per each additional $1 billion. How many, only time will tell, and no doubt most of us have our own realistic figure in mind. Even If a mere 6 million shares are going to be issued, that still only equates roughly to a 1% dilution. Still pretty sure we will know the figure within the next couple of days or so. NAI AIMHO DYOR etc etc

September 27, 2023

13:53

Regional mining center initiative explored at conference to enhance mineral supply chains.

RIYADH: Saudi Arabia’s drive to establish a regional mining center of excellence aimed at meeting the increasing demand for minerals vital to diverse industries was the focal point of a conference attended by leading industry figures.

The “Role of Centers of Excellence in Establishing Mineral Supply Chains” conference, held at the King Abdulaziz City for Science and Technology, aimed to ensure market stability, enhance industry growth, and foster development.

The conference’s goal was the establishment of a regional mining center of excellence, with insights garnered from a ministerial roundtable at the upcoming international mining conference in January, according to the Saudi Press Agency.

Additionally, the event looked at charting a clear path for the center’s operations, benefiting Africa, the Middle East, and Western Asia.

It placed a significant emphasis on research, development, and innovation within the mining sector, recognizing their pivotal role in sustaining mineral supplies and overcoming regional challenges.

The conference was jointly organized by KACST, the Ministry of Industry and Mineral Resources, and the Future Minerals Forum.

During the opening session, Saeed Al-Shihri, KACST’s vice president for energy and industry, underscored Saudi Arabia’s commitment to the mining sector as a cornerstone of the national economy, aligning with Vision 2030’s goal of increasing the sector’s contribution to the gross domestic product.

Al-Shihri emphasized the vital role of a regional mining center of excellence in stabilizing markets and fostering industrial growth for sectors dependent on sustainable mineral supplies.

He further highlighted KACST’s dedication to promoting research, development, and innovation in the sector, including the establishment of an institute specializing in mining and hydrocarbon technologies.

Ali Al-Mutairi, the Executive Director of FMF, explained that the conference serves as a preparatory step for the forum, enabling discussions with international experts to identify the region’s critical needs and cooperative mechanisms.

The conference featured discussions among a diverse group of local and international experts and researchers.

Topics ranged from the role of research and development in sustaining mineral supply chains to addressing the surging global market demand and exploring opportunities stemming from urbanization and increased demand for mining industries in Africa, the Middle East, and Western Asia.

The new extraordinary and plenipotentiary ambassador of the People's Republic of China to the Congo, LI Yan, gave a speech in which she expressed her satisfaction and her availability to contribute to the strengthening of Sino- Congolese.

At the start of her remarks, the new Chinese ambassador to Congo declared that she is willing “ to promote traditional Sino-Congolese friendship ”.

“ This precious friendship goes back a long way in history and strengthens over time. In recent years, under the strategic leadership of Presidents Xi Jinping and Denis Sassou-N'Guesso, the China-Congo comprehensive strategic cooperative partnership continues to move forward steadily ,” LI Yan said.

In addition, she recalled the recent meeting between President Xi Jinping and his Congolese counterpart Denis Sassou N'Guesso during which the two heads of state had "in-depth friendly exchanges on bilateral relations and reached consensus important ”.

“ I am ready to work together with my Congolese colleagues to implement the consensus between the two heads of state, to promote the deep friendship between our two countries, and finally, to make a greater contribution to the construction of the Community of a high-level China-Congo shared future ,” assured the Chinese diplomat.

According to LI Yan, the “ pragmatic ” cooperation between the two countries yields “fruitful” results, and plays an “important role in improving the Congolese economic and social landscapes and the well-being of the local population.

Speaking about the Belt and Road Initiative and the Forum on Sino-African Cooperation, she said that China is ready to increase its exchanges of experiences on governance with Congo, and to strengthen their coordination. in terms of development strategies “ to support the process of industrialization and economic diversification of the Congo ”.

“ I will endeavor to intensify exchanges and communications with the competent Congolese authorities, and to promote our pragmatic cooperation in all areas and give new impetus to the transformation and improvement of economic and commercial cooperation between the two countries ,” LI Yan promised .

Furthermore, she also says she is ready to “ strengthen the friendship between the Sino-Congolese people ”.

Throughout her mandate, she will “do her best ” to increase “ friendly ” exchanges between the two peoples, “ further improve their well-being ”, and “ face the challenges together in the fight against Covid-19 ” . .

On the occasion of next year's celebration of the 60th anniversary  of the establishment of diplomatic relations between China and the Congo, the ambassador intends to work together with all Congolese " to promote the constant development of our comprehensive strategic cooperative partnership .”

As Extrader says..."Sorted"

As usual....alwayshoping.

30 minutes ago....Saudi industry minister conducts meetings with Chinese mining companies.

RIYADH: In a bid to strengthen economic ties between Saudi Arabia and China, the Kingdom’s minister of industry and mineral resources held bilateral discussions with leading mining companies during a visit to Shanghai.

During his meeting, Bandar Alkhorayef consulted with the chairman of CMOC Group, Yuan Honglin, to explore potential opportunities within the natural resources sector. The assembly touched on the utilization of accumulated experience in mining and processing, including smelting and refining of both essential and rare metals, according to the Saudi Press Agency.

Alkhorayef also spoke on different topics related to the iron and steel industry with Wang Ming, a senior figure from Baosteel.

Furthermore, the minister conducted a series of talks in the Chinese city, during which he met with the chairmen of Kingfa, CATL, Liaoning Fangda Group, and China Gas.

In addition to discussing areas of cooperation, these conversations focused on enhancing industry and mining collaboration, exchanging experiences between private sector organizations, and opinions on how the sectors in both countries are developing.

https://www.arabnews.com/node/2380086/business-economy

Cont from below.

.

For his part, the CEO of the Saudi Export Development Authority, Engineer Abdul Rahman Al-Thukair, confirmed that participation in the exhibition stems from the role of “Saudi Exports” in enhancing the status of national goods and services, and facilitating their access to global markets, in a way that contributes to achieving the Kingdom’s Vision 2030 in enhancing the Kingdom’s exports and raising The percentage of Saudi non-oil exports is 50% of the non-oil gross domestic product, indicating that the Kingdom, through its participation in the exhibition, emphasizes the importance of strengthening trade and economic cooperation between the two countries, noting that the non-oil trade balance between the Kingdom and China for the year 2022 amounted to 110 billion Saudi riyals, with Saudi exports to China worth 37 billion riyals, and imports from China estimated at 147 billion riyals, while Saudi non-oil exports to China during the past five years (2018-2022) amounted to 177.6 billion Saudi riyals.

In its sixth edition, the exhibition will witness the signing of a number of agreements and memorandums of understanding, and will provide promising investment opportunities and strategic partnerships in various fields between the Saudi and Chinese sides. These efforts are expected to result in more prosperity and growth for national companies, enhancing their contribution to the non-oil domestic product.

It is noteworthy that His Excellency the Minister of Industry and Mineral Resources began an official visit to the People’s Republic of China, which will last 8 days. With the aim of strengthening the economic partnership between the Kingdom and China in the industrial and mining sectors, in addition to reviewing the qualitative investment opportunities between the two countries, and highlighting the Kingdom’s initiatives to advance these two strategic sectors.

Today, the Saudi delegation includes a number of government agencies, most notably the Ministry of Industry and Mineral Resources, the Ministry of Foreign Affairs, the Ministry of Investment, the Ministry of Energy, the Ministry of Transport and Logistics Services, the Ministry of Environment, Water and Agriculture, the National Industry Development and Logistics Services Program, the Saudi Export Development Authority, and the General Authority for Standardization. And standards and quality, the Industrial Estates and Technology Zones Authority, the National Center for Industrial Development, the Saudi Export and Import Bank, and the Riyadh Chamber, in addition to more than 18 Saudi companies among the members of the “Made in Saudi Arabia” program.

// End //

Riyadh, Rabi’ al-Awwal 06, 1445 AH, corresponding to September 21, 2023 AD, SPA

His Excellency the Minister of Industry and Mineral Resources, Mr. Bandar bin Ibrahim Al-Khorayef, heads the Kingdom’s participating delegation, in its capacity as a guest of honor for the China and Arab States Exhibition in its sixth session, among the 29 countries participating in the exhibition, which is held during the period from September 21 - 24 in the Chinese city of Yinchuan.

The Saudi Export Development Authority is organizing the Saudi pavilion participating in the exhibition this year, which includes 8 government agencies and 18 leading national companies from the food, building materials, services, transportation, and logistics sectors. This is with the aim of strengthening trade and economic cooperation between the two countries, and opening new export channels for Saudi companies in the Chinese market, and to complement the role through which “Saudi Exports” seeks to promote Saudi products and services, and increase their market shares in global markets, especially in the promising Chinese market, including It enhances its contribution to the non-oil domestic product.

His Excellency the Minister of Industry and Mineral Resources, Mr. Bandar bin Ibrahim Al-Khorayef, explained that the China and Arab countries exhibition comes as an extension of the strong relations and economic and trade ties between

Arab countries and the People's Republic of China, stressing that choosing the Kingdom as a guest of honor for this edition of the conference reflects the depth and strength of relations between the two countries, and represents a strong base for building many partnerships in the economic and commercial aspects.

His Excellency Al Khareef stressed that the growth achieved by China in recent years, especially with regard to the uses of technology, the Fourth Industrial Revolution, artificial intelligence, and 3D printing, are areas that we believe are of importance and priority to benefit from in the Kingdom and the Arab countries, as the Kingdom is the trading partner. The first among the Arab countries is with the People’s Republic of China, which is a fundamental and important partner in achieving sustainable development in the Kingdom, especially in the industrial and mining sectors.

For his part, ..cont