Member Info for bespooked

Thanks Ophidian
Interesting for me as I'm an engineer not a chemist. A couple of questions
1. if our primary process produces 80%. Do we have a competitive advantage or this a common result?
2. I presume the leaching part of the process is in a pit but there is some pretty nasty stuff going in there. Any environmental problems and is the clean up cost a significant factor?

There has been some mentions of silicon storage in the past but this is the first industrial scale proposal I've heard of. Thoughts: 1. it seems to have a slightly smaller physical footprint than VRB at 1MW in a container 2. Exciting that there is another set of investors putting their money into finding a solution to the same problem 3. BE was never ever going to be the only player 4. BE is way ahead in commercialising

No problem JMC. I’ll get the hang of this internet thingy eventually

No problem JMC. I’ll get the hang of this internet thingy eventually

I would have posted the link JMC but I’m old and old fashioned and read the paper version

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?

Strike #1 that needs a life. Sell up or shut up

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?

Gonna take a long time to fill that reservoir

Tanzania is losing a staggering Sh221.7 billion ($96.6million) a year due to drought affecting maize and legume yields, according to a recent study.

good old Yaki - miss his insight and research

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 - great post at 15.08. Your status has risen from balanced negative to balanced

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

Boff I normally view your posts in the "balanced negative" sector but this one wins the "idiot who kicks off the bitching" trophy