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With Simandou captured, FMG chasing hard for high grade iron ore and see massive potential in West Africa. Belinga straddles Gabon-RoC border.
Eyes surely on Zanaga - more advanced and quicker to production
https://www.australianresourcesandinvestment.com.au/2023/02/08/belinga-iron-ore-mine-to-start-second-half-of-2023/
Satellite photos showing the construction of a river port in Guinea offer a glimpse of the scale of China’s ambitions in Africa.
Work is well under way on a port to ship millions of tonnes of iron ore dug from the mountain region of Simandou, home to the largest untapped high grade iron ore deposit on earth.
China is by far the world’s biggest consumer of the key ingredient used to make steel, gobbling up around 70 per cent of seaborne trade.
The building site on the banks of the Morebaya River, which flows into the Atlantic, *underlines Beijing’s determination to reduce its reliance on imports from the iron ore powerhouses of Australia and Brazil.*
The images have caused a stir Down Under. But they have mixed implications for FTSE 100-listed Anglo-Australian miner Rio Tinto’s shareholders in the UK.
‘China’s African iron ore dream nearer’ declared the front-page splash in the Australian Financial Review, which described Simandou as the ‘biggest threat to Australia’s iron ore dominance’.
It revealed the long-delayed project has moved a step closer after Chinese steel giant Baowu reached a deal with partners – including Guinea’s military junta – to mine and ship iron ore from Simandou.
https://www.thisismoney.co.uk/money/markets/article-11719631/Beijings-push-African-iron-ore-toll-miner-Rio-Tinto.html
In my opinion nothing new in that interview, more bluster and jam tomorrow. We have some very good assets but need hard news not Bird saying how excited he is with these prospects again!
Regarding cash we don't have the Afrimat monies yet, I am sure it will happen though. To say we have £10m is not correct.
Whizzer - I’m afraid you all got sucked into believing this massive smokescreen from the company at a time when the company were miles away from doing anything significant about the poles and wires, so had to find something to make it seem like they were busy but I’m afraid most of us saw right through that load of shizzle!
For someone who saw straight through the shizzle, you would be far too smart to be invested and would have moved on a long time ago. Or are you just bitter, chewing on the shizzle!
https://youtu.be/IXlBMQv2op8
TLOU mentioned, very interestIng. I am sure our resident clown will look to twist and distort anything they can to the negative :-)
Looks like Exxon are also mining Bitcoin, utilising their gas.
https://www.zerohedge.com/markets/exxon-using-its-excess-natural-gas-mine-bitcoin
Good enough for Exxon then it’s good enough for little old TLOU.
Moagi, DowntoEarth Just skewered you good and proper!!! The thicko’s and saddo’s would like to know how you received abuse in 2017 when you only joined 14 months ago! Care to answer or will just go quiet for a few days and come back with more ranting? Remember to think which aliases you are posting under next time, as we all know your agenda. Get a life, get a wife/girlfriend/boyfriend or whatever takes your fancy and do something meaningful with it. Your clearly very bitter and twisted and I genuinely feel sorry for someone like you. Something must have happened in your life to act in this manner, take me advice and have a break from these boards its really not helpful.