The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
i newspaper today. Lord Brown of Madingley (Ex BP chair) discusses “Our Energy Challenge”
If wind and solar are to fulfill the potential they have to reduce carbon emissions we need to engineer better ways to manage and store. This may be possible through a range of new innovations including new “vanadium flow batteries which store electrical energy in liquid electrolytes. They are non flammable do not degrade and are relatively cheap to make.
I came upon Kibo 3 years ago on the recommendation of a friend. What attracted me to invest was the principle of supply and demand. Tanz has a very firm objective to industrialise and already has a power deficit. The in-country risk was offset by a new President visibly rattling corruption and inefficiency (OK, not sure about that as we stand today). But what has always been nagging at me about Kibo is that, in simple business terms, it never had the scale to carry off a 28 year multi-billion-dollar contract. Just think about the indemnities involved with such a project.
So what I am looking at now is Kibo as an energy project facilitator. The phrase “heavy lifting” has been used countless times. Kibo has a very special skill set in wading through the masses of certification and approvals; dealing with African bureaucracy and bringing projects to the point of fruition.
So maybe LC is a lot smarter than anyone gives him credit for. I cannot see any statement that it will be Kibo producing the power, just that Kibo has a project called MCCP. I really believe that LC intended to get to PPA and the Tanesco debacle was a shock but what if the plan always was to sell off MCCP and proceed to the next project – rinse and repeat. It would certainly answer the questions about funding – never a problem to LC.
So where would that leave us? What would be the value of Kibo – what we have expended so far plus the premium for expertise and the options to take over future projects?
The big questions – does Tanz still want Coal to Power and who would want to take over the project?
I'm down about 70% but considering all the wrist slashing on here I thought I'd play Lurker as the sole voice of the contrarian view - tell me, who actually KNOWS anything as opposed to 2nd 3rd and umpteenth guessing. The other side of a bagger is a loser so why the constant bitching. This board is just full of the same old same old written time after time after time. Its the only thing that might make me bite the bullet and sell up. Get a life
Its not just coal that is affected. Peak Resources is also still waiting for its graphite SML. Tanz is in stasis because no one will take a decision - not Tanesco, not the Ministry of Energy or Mining.Guess why?
complete article
https://resourcegovernance.org/blog/magufuli-seeks-right-balance-tanzania-mining-fiscal
Tanzania has highest mining taxes in the world: NRGI
The Natural Resource Governance Institute says Tanzanian president John Magufuli has recognised his new rules have started to push away investment, and he will look at changes.
https://www.mining-journal.com/politics/news/1355492/tanzania-has-highest-mining-taxes-in-the-world-nrgi
Quiet as a graveyard in Coventry at the moment
Dotto Biteko, whose appointment was announced by presidential official John Kijazi on state television, is the third mining minister President John Magufuli has appointed since he was elected in 2015.
Biteko comes from Magufuli’s home region and has been deputy mining minister since January 2018. He previously lead a parliamentary investigation that concluded there was widespread tax evasion and smuggling in the gemstone business, allegations that companies working in the sector have denied.
“He knows the mining sector well, so we expect continuity of policy,” Tanzania Chamber of Minerals and Energy (TCME) executive secretary Gerald Mturi said.
https://www.reuters.com/article/us-tanzania-mining/tanzania-names-latest-mining-minister-in-ongoing-industry-clash-idUSKCN1P20WS
Its not just Kibo, or energy projects for that matter, that are in limbo. Peak Resources CEO presentation from 13 Nov states
"Recently, multiple Mining Licenses were granted in Tanzania to mining projects under $100M,
however three SML’s (+$100M) are still pending, Peak being one of those. All of these are
pending submission to the Cabinet for simultaneous approval."
Peak are still waiting
Boff, its not the content of your post with which I don't agree - you are, as all of us are, entitled to your opinion - I had hoped we might penetrate January a little further before the back biting started and the post just kicked it off
If they are holding up the big boys its clear to me this is the reason why Tanesco went to open tender
"The fear among Tanzanian government officials of repeating past mistakes in mining pacts has been cited as the main cause of delays in starting negotiations with companies seeking to extract liquefied natural gas in the south
.....Officials are cautious not to bind the government to deals that may prove costly or loss-making in the future."
https://www.theeastafrican.co.ke/business/Why-Tanzania-officials-are-in-no-hurry-to-finalise-gas-deals/2560-4916968-uv21vf/index.html
Morning and welcome staystrong. Refreshing to hear from a lth that doesn't post as opposed to non-holders that clog this board with drivel day after day. I may top shave at some time but I want to still hold Kibo shares in 10 years time when divis are flowing and the price is £1 plus - and for the satisfaction of being there when it first started and hung on when it was tough
How to present a coal to power project.
http://www.ncondezienergy.com/uploads/ncondezipowerproject_investor_presentationdecember2018final.pdf