Member Info for alwayshoping

They need the cash to acquire their share of ZIOC.

https://www.arabnews.com/node/2569149/business-economy

As usual...alwayshoping.

MM. That is very interesting that Marti was in Korea, especially when we learn here of Korean plans relating to Green Steel.

https://www.theclimategroup.org/our-work/news/how-south-korea-can-become-home-net-zero-steel

What is even more interesting is where Korea currently receives the vast majority of its ore from.....Australia !! and as we all know, is virtually useless for producing Green Steel. So Korea may or may not be in the frame for Zanaga....but certainly joining the ever growing list of those countries requiring Zanaga grade ore.

"South Korea imports Iron Ore primarily from: Australia ($5.15B), Brazil ($867M), Canada ($620M), South Africa ($531M), and Chile ($241M). The fastest growing import markets in Iron Ore for South Korea between 2021 and 2022 were Chile ($157M), Canada ($76M), and Malaysia ($20.7M)."

As usual...alwayshoping.

Hi Driving. Lets hope you are right, but preferably for "green steel" and not your "green steal" haha.

And if someone bought it with the sole aim of mothballing it, then Dennis would soon be relieving them of the licence.

Https://www.adportsgroup.com/en/news-and-media/2024/07/31/development-of-the-environmental-and-social-impact-study-for-east-mole-terminal-in-pointe-noire

Https://www.adportsgroup.com/en/news-and-media/2024/07/31/development-of-the-environmental-and-social-impact-study-for-east-mole-terminal-in-pointe-noire

ATG....and everybody else..INCLUDING MYSELF ,,all asking the same question.."Why is this taking so bloody long to get sorted or sold"??

This may answer a few questions .

https://www.amcconsultants.com/experience/technical-due-diligence-mining-industry

..

As usual..alwayshoping.....that we dont have too long to wait now.

One hour ago.......

""The memorandum represents a significant step in developing trade relations, joint investment projects,

https://english.aawsat.com/business/5045109-saudi-exim-bank-and-brazilian-development-bank-sign-mou

As usual..alwayshoping.

One hour ago.......

""The memorandum represents a significant step in developing trade relations, joint investment projects,

https://english.aawsat.com/business/5045109-saudi-exim-bank-and-brazilian-development-bank-sign-mou

As usual..alwayshoping.

During his meeting with the CEO of Vale Mining Company, Edward and Bartolomeu, in Brazil today, His Excellency the Minister of Industry and Mineral Resources, Mr. Bandar bin Ibrahim Al-Khorayef,............

A very long tweet from Mr B ....No mention of anything connected to Africa, let alone Zanaga. Maybe that has all been sorted /signed off already, but is still hush hush...who knows.

As usual....always hoping.

During his meeting with the CEO of Vale Mining Company, Edward and Bartolomeu, in Brazil today, His Excellency the Minister of Industry and Mineral Resources, Mr. Bandar bin Ibrahim Al-Khorayef,............

A very long tweet from Mr B ....No mention of anything connected to Africa, let alone Zanaga. Maybe that has all been sorted /signed off already, but is still hush hush...who knows.

As usual....always hoping.

It has been mentioned more than once in the past, that Vale could be a potential partner in a Saudi PIF/Manara Minerals and others consortium to acquire Zanaga. (dont forget Manara already have strategic partnership with Vale). Vale have also stated in the past, that having missed out on opportunities in Africa, that they are keen to get into Africa. Whether or not they are still discussing/considering their options, talks are still taking place between the two entities and in particular the Saudis Vision 2030. Also remember, Manara and their publicly quoted aim of acquiring iron ore supplies, have after all this time, yet to acquire (at least publicly), one single gram of iron ore. !!! https://www.arabnews.com/node/2554806/business-economy

As usual....alwayshoping.

It has been mentioned more than once in the past, that Vale could be a potential partner in a Saudi PIF/Manara Minerals and others consortium to acquire Zanaga. (dont forget Manara already have strategic partnership with Vale). Vale have also stated in the past, that having missed out on opportunities in Africa, that they are keen to get into Africa. Whether or not they are still discussing/considering their options, talks are still taking place between the two entities and in particular the Saudis Vision 2030. Also remember, Manara and their publicly quoted aim of acquiring iron ore supplies, have after all this time, yet to acquire (at least publicly), one single gram of iron ore. !!! https://www.arabnews.com/node/2554806/business-economy

As usual....alwayshoping.

Hi MM.

"From my conversations, both now and historically, I very much doubt that they went to existing or legacy holders. For me it's a racing certainty that they went to spivvy mates of Shard."

So in other words....as queried by my "friend",...they all ended up "in house" with Shard.!!!!!

Excuse the pun, but digging a little bit deeper, it appears that Tosyali already have an agreement in place with the Gar Djebilet mine in Algeria for their supply of Iron Ore. This mine appears to be identical in size...contents wise to Zanaga. So at first sight, they appear to have their supply chain sorted. BUT, we then look at the grades they have there. In a nut shell..CRAP. afaics. and no use whatsoever for Green Steel production. https://www.suricateminerals.com/index.php?option=com_content&view=article&id=78&Itemid=493 So where will their supply of ore becoming from ??

Excuse the pun, but digging a little but deeper, it appears that Tosyali already have an agreement in place with the Gar Djebilet mine in Algeria for their supply of Iron Ore. This mine appears to be identical in size...contents wise to Zanaga. So at first sight, they appear to have their supply chain sorted. BUT, we then look at the grades they have there. In a nut shell..CRAP. afaics. and no use whatsoever for Green Steel production. https://www.suricateminerals.com/index.php?option=com_content&view=article&id=78&Itemid=493 So where will their supply of ore becoming from ??

It looks like someone else will soon be requiring a long term guarantee of top grade iron ore.

https://constructionreviewonline.com/construction-projects/worlds-largest-iron-steel-plant-to-be-constructed-in-benghazi-libya/

as usual.....alwayshoping

It looks like someone else will soon be requiring a long term guarantee of top grade iron ore.

https://constructionreviewonline.com/construction-projects/worlds-largest-iron-steel-plant-to-be-constructed-in-benghazi-libya/

as usual.....alwayshoping

Re the 14.4 million block sale of shares mystery.

Asking for a friend !!! :-)

Might be a silly question, but is it conceivable that SMC decided that it was time that they had a share of the prospective jackpot for themselves ?

Re the 14.4 million block sale of shares mystery.

Asking for a friend !!! :-)

Might be a silly question, but is it conceivable that SMC decided that it was time that they had a share of the prospective jackpot for themselves ?