Firering Strategic Minerals: From explorer to producer. Watch the video here.
Merger in Ecuador (Adventus & Luminex)
Nice mention for us at the end too
https://www.mining.com/ecuador-focused-adventus-and-luminex-to-merge/
If it ever came would the second payment also be classed as a divi or would that depend on whether Ctag continues to exist?
Orthern
Political risk still there but greatly reduced ….. Scott getting boxes ticked …… copper looking to be on the up.
It’ll come ….. but no one will bid low because it will be rejected and no one wants to become a stalking horse
Lasso addressing serious energy deficit in Ecuador before he leaves office ……..
Plenty of hurdles to overcome and obvious geopolitical issues but we are getting there
“ The Chamber of Mining highlights that, despite Conaie's mining opposition, the Government signed key investment contracts, such as the contract with Curimining for the construction of the medium-scale Curipamba-El Domo mine, in Bolívar. The terms and conditions contract for the exploitation of the Cascabel concession, in Imbabura, was also signed with the Australian SolGold. This is projected to be one of the largest copper mines in the world”
https://www.primicias.ec/noticias/economia/lasso-pendientes-electricidad-apagones-mineria-telefonicas/
Rodney
I think Noboa was the best result as far as miners go
This was an article a couple of weeks ago that I found summed it up quite well
“ The Noboa administration is anticipated to lay a strong emphasis on extractivism during the first 100 days in office. Extractivism is an economic model based on the principle that the exploitation of natural resources like oil, gas, and minerals is crucial for national development. Ecuador is a nation rich in these resources, boasting some of Latin America’s most significant deposits of gold, silver, and copper. Noboa’s approach aligns well with this wealth, fostering a setting that could fuel economic growth through natural resource extraction, and he has placed this at the forefront of his plan to close the fiscal deficit in the country”
https://www.miningfeeds.com/is-ecuadors-election-of-daniel-noboa-for-president-the-beginning-of-a-new-era-for-mining/
All very true Red
Mining weekly
Following the AGM, the LSE- and TSX-listed company’s board will be reconstituted and a new chairperson and board committee memberships will the appointed.
SolGold has nominated Adrian (Steve) van Barneveld as nonexecutive director. Van Barneveld currently serves as a general manager at a leading provider of minerals processing and associated infrastructure solutions to the global resources industry.
“Following AGM, we believe it’s the right moment for us to step aside, confident in SolGold’s ability to further advance Cascabel and the ongoing strategic review on parallel paths,” comment Twigger and Clare in a joint statement.
SolGold is in discussions with several groups interested in the Cascabel copper project, in Ecuador. The firm reported last month that it had more than 20 active confidentiality agreements in place.
Fort if Scott was voted off the board he can stay on as CEO so no need to pack any bags
Sean exactly…. No pockets in a shroud
Morning Bob
I’m happy for Nick to stick around. He’s about the last connection remaining with the company I originally invested in. He’s aligned with all pi’s as far as wanting bang for his buck, it’s clear mistakes have been made along the way but they can’t all be laid at his door. Sure he has an ego but I’d say that’s more than common in this industry.
I’m also very hopeful that Scott remains on the board although I believe he can remain CEO either way.
I heard Quady came out
Bozi …. Interesting that Nick chose to sit tight . Maybe a compromise has been struck to keep some ties to our Australian roots
Summit …. Yep
Plenty incentivised here to do a job
So Fort you’re not happy with losing 2 directors for no apparent reason ….. so hey WTF let’s make it 3 or more ???
Absolute madness
Exactly Add smacks of a trade off
NM last Aussie standing not that it matters if they get the right price in the end
Jumped before pushed ?
Agreed Red ….. just got to hang in there a while longer
All the while Ecuador continues to cozy up with China
“Other countries in South America are intent on reaping the benefits of closer economic ties with China. Last January, Brazilian President Luiz Inácio Lula da Silva voiced his support for a prospective trade agreement between China and Mercosur, the trade bloc that also includes Uruguay, Argentina, and Paraguay. While talks for such an agreement have not started yet (and for a variety of reasons, including a lack of progress in implementing the bloc’s deal with the European Union, Paraguay’s non‐existent diplomatic relations with China and continued recognition of Taiwan, and the region’s ongoing de‐industrialization, may not materialize in the foreseeable future) the motivation for Brazil and other South American countries to enter into agreements with Beijing is clear: the region’s total trade with China has grown faster than trade with the United States in recent years. Moreover, China has already negotiated agreements with Chile, Peru, and most recently Ecuador”
https://www.cato.org/blog/china-fills-trade-void-us-international-economic-leadership-retreats
Agreed ….. hence my point yesterday, having steadied the ship why would any right minded investor want to rock the boat again now ….. seems crazy
Yep that stood out Add ….. also noted this re phased approach
“That was the same model used to develop OZ Minerals’ Carrapateena mine in South Australia”
Hi Darren apologies…… the point I was making is that it’s a massive lifestyle change from Toronto ( or North America in general) and he’s not doing it for the salary