The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
Sounds a bit odd
Ii just send you a message asking you to vote
developing the mining sector high on the agenda
december 10, 2023.- andrea arrobo, minister of energy and mines, made her first speech at a semi-public event pointing out her commitment to the development of the mining sector due to its importance in strengthening the national economy in the government of the “new ecuador”, as calls itself the administration of president daniel noboa.
for this, she mentioned the total export of about us$5 billion in minerals from the first large-scale mines and 10 billion in projected investments to put the mining projects that make up the prioritized portfolio into production.
she spoke about how her portfolio faces a new challenge in which “having her initiatives and proposals is of vital importance, especially when mining represents ecuador's fourth largest category of non-traditional exports.”
the statements were made at the night of the 18th enaep 2023 annual mining meeting “innovation and critical minerals for the energy transition”, which took place in quito on december 7 at the la unión club with the presence of businessmen from the sector. mining-energy.
the meeting, organized by maría rosa tapia, from seminarium, also had the participation of the minister of production, foreign trade, investments and fisheries, sonsoles garcía, stephen potter, canadian ambassador to ecuador, andrés rebolledo, executive secretary of olade and josé ramón gómez, from the idb and the executive director of anto***asta minerals, president of the mining council of chile and first latin american president of the international council on mining and metals, iván arriagada.
we have a clear horizon, arrobo said as she began her intervention. “promote investment and innovation to generate new mining projects, but to achieve this we need to work in coordination with the private sector.”
he added that to achieve this, “in the new ecuador the institutions will no longer be isolated, independent republics, but will work together under the leadership of president daniel noboa azin, to create synergies and attract international capital because today more than ever they are key to complying with our objectives, responsible and sustainable mining.”
we are committed to creating a safe and transparent environment for national and international companies and from the government we will take the initiative to give them legal security, he added.
in addition to the production of the two large-scale mines, mirador and fruta del norte, he mentioned six projects that have great potential to contribute significantly to the country's economic progress: loma grande, curipamba, la plata, cascabel, warintza and cangrejos, among others.
“to date, the two aforementioned mines have produced and sold a total amount of $5 billion in gold and copper,” he stated.
Spread 7.98 / 7.99
Again I disagree….. you might be right …. We’ll see
I think PFS will happen Q1 💯
Fort the idea that these shares may be placed cheaply with “friendlies” has crossed my mind. It would stink but I guess it would mean no more dilution plus probably signal things were about to change ….. they’d want to ensure a decent return
Orthern …. We’ll see the revised PFS Q1 for starters. This could change plenty.
No one is “appeased” by these updates but it’s good to be reminded of our potential
Hopefully the board negotiate the AGM without too much fuss and see this through to its conclusion.
As for the dumb ….. well they’ll be voting for change and their own ultimate destruction
Bozi
“It's time for a bit more patience ahead of the final push to the finish line”
Never a truer word
Agreed Rich
Fort ….. I think over the next few months it will be proven what a great job Scott has been doing behind the scenes. Up until March the leadership of the company has been woeful and these things take time to correct.
As for the AGM I don’t have a crystal ball but I doubt anyone will be “toast”. Pre merger BHP/ NCM held roughly 27% now nearer 20%. We also don’t know how Newmont will vote , let’s hope they can see the bigger picture.
Hi Mog ….. thanks hadn’t noticed that
Pea Dog … thanks again but I wouldn’t bother clearly I was stating that there is always a risk and from 8p the downside is 100% (ie8p) as with any share ….. the upside is anybody’s guess.
Roxi only you can decide that ….. I think it’s massively undervalued and have added accordingly….. the downside now here is 8p ….. the upside ???
“all bets off the table how low this could sink”
Same could be said for you
AIM ….. that strangely is almost the exact announcement I’m anticipating…. Back to one payment details to follow …. Really hope not though
Cascabel started with a few rock samples
“The Blanca-Nieves Project is strategically positioned approximately 8 km north of the company’s Cascabel Project in northern Ecuador, which features the large Alpala and the Tandayama-America porphyry copper-gold deposits. These Projects are situated on the Northern Andean Copper-Gold Belt.”
Back up and running
Today’s update is just the tip of the iceberg as far as our potential goes. Don’t give it away to those that want it for nothing. Get behind the board or reap what you sow
For anyone (like myself) who didn’t fully understand the meaning/ significance of “boiling zone”
Epithermal refers to mineral deposits that form in association with hot waters. The deposits form within 1 km of the surface and water temperatures are about 50-200 degrees C. Shallow bodies of magma supply heat. The rising hot water carries dissolved gold and other elements. The water boils about 300 m below the surface and hydrogen sulfide gas escapes. This causes the gold to precipitate. The boiling zone is the target for mineral exploration. Veins commonly host the economic minerals
Interview with deputy mining minister
Fenando Benalcazar
Q: In the North of Ecuador where the world class Cascabel project is located, what would be the best transportation logistics solution?
A: A mining train that runs from Imbabura to Esmeraldas port, or a pipeline to transport the ore.
Clearly high on their agenda
https://www.bnamericas.com/en/interviews/addressing-the-logistics-gaps-in-ecuadors-mining-industry