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.
High Grade Copper May '24 (HGK24)
Was
52-Week Key Points
52-Week High 4.1640
But jusr now it was
Day's Range
4.0693
>> 4.1717
4.1608
+0.0903
(+2.22%)
https://www.investing.com/commodities/copper-streaming-chart
Vast Resources PLC
@vast_resources
·
37m
Vast is working with the Government of Tajikistan to increase Aprelevka's production closer to the historical peak production rates of approximately 27,000oz Au and 250,000oz Ag per year, and help realise Tajikistan's strategic resource development objectives
https://pbs.twimg.com/media/GHbd3sRW8AEJyET?format=jpg&name=small
....................
Vast Resources PLC
@vast_resources
·
19m
Our #VAST CEO Andrew Prelea enjoyed a very constructive meeting with the chairman of Tajijistan's Sughd region, Rajabboy Ahmadzoda, where they discussed cooperation between Vast and the region, looking first at Aprelevka
https://pbs.twimg.com/media/GHbim2aXUAARYnM?format=jpg&name=small
Business in Cameroon
The Cameroonian government has paid CFA 5.7 billion to the British independent power producer, Globeleq, urging the company to resume operations at its Kribi gas plants (216 MW) and Dibamba fuel plants (88 MW). Globeleq had previously closed these plants on October 31, 2023, in protest of unpaid bills from the electricity company Eneo, resulting in significant power outages. In response to the situation, the government has now settled a portion of the debt to "appease Globeleq."
Sources told us that the payments made for October 2023 constitute a portion of the monthly invoice totaling CFA8.2 billion, which Eneo owes Globeleq to access the energy generated by the Kribi and Dibamba plants.
"Globeleq thanks the government of Cameroon for addressing this concern head-on by initiating immediate payments and organizing emergency solutions to significantly reduce the outstanding payments accumulated by Eneo to KPDC and DPDC (the two companies that manage the Kribi and Dibamba plants),” Globeleq said in a November 6 note.
As a reminder, Globeleq has previously received CFA2 billion from Eneo for the October 2023 debt, which means it has thus received a total of CFA7.7 billion in debt settlement. However, the amount expected is CFA 8.2 billion.
Although the debt was not fully settled, the payment made should help alleviate the current power woes in the country following the shutdown of production in the Kribi and Dibamba plants. The halt in production in these two facilities, with a combined installed capacity of 304 MW, has led the Cameroonian government to implement rationing for businesses, prioritizing households.
However, according to information from Eneo, the significant production deficit caused by the shutdown of Globeleq's plants was such that households were not spared. For example, after the load shedding observed a few weeks ago, following incidents on the distribution and transport networks, and since the shutdown of Globeleq's power plants from the national grid, household supply suspensions have been intensified in the Southern Interconnected Network (RIS), which covers six of Cameroon's 10 regions.
In addition to the CFA5.7 billion paid to Globeleq, the government plans to disburse an extra CFA40 billion to settle debts claimed by Eneo from public entities, according to sources close to the matter. This should enable the electricity company to, in turn, settle its debt with its suppliers. Among these suppliers, Globeleq is still a priority, according to agreements made with the government.
https://www.businessincameroon.com/energy/1511-13526-cameroon-govt-pays-cfa5-7bn-to-appease-globeleq
Globeleq restarts its power plants in Cameroon, putting an end to a week of load shedding in households and businesses
(Invest in Cameroon) - Since November 6, 2023, the independent power producer Globeleq, which controls the Kribi (216 MW) and Dibamba (88 MW) power plants, has restarted production within these energy infrastructures. This has made it possible to put an end for the time being to the rationing of the supply of electricity to businesses and households, implemented since October 31, 2023 in the South Interconnected Network (RIN), which covers six of the 10 regions in Cameroon.
"For the past three days (i.e. November 6, editor's note), we have had no load shedding. The disruptions in the supply of electricity that persist at certain times these days are more due to the transmission network, which is configured so that the supply is interrupted as soon as the slightest overload on the transformers occurs," explains an authorized source at Eneo, the exclusive distributor of electricity in Cameroon.
As a reminder, Globeleq had decided to shut down its Kribi and Dibamba power plants on October 31, 2023, to protest against the accumulation of unpaid bills by Eneo. This subsidiary of the British investment fund Actis has to pay 8.2 billion CFA francs each month to benefit from the energy produced by the Gloebleq power plants. However, faced with permanent cash flow pressures, due to the accumulation of unpaid bills (invoices, tariff compensation, public lighting, etc.) by public entities, Eneo itself is struggling to honour its commitments to its suppliers.
more ...........
https://www.investiraucameroun.com/energie/0911-19960-globeleq-redemarre-ses-centrales-au-cameroun-mettant-fin-a-une-semaine-de-delestages-dans-les-menages-et-entreprises
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karensky got to agree certainly not helped situation
09-Nov-23 __ 10-50-08__ 0.1325 ____63,500,000___________Off._book__AIMX
09-Nov-23 __ 10:49:56__ 0.13______147,500,000___________Off_book__SINT
https://www.londonstockexchange.com/stock/VAST/vast-resources-plc/company-page
09-Nov-23 __ 10-50-08__ 0.1325 ____63,500,000
09-Nov-23 __ 10:49:56__ 0.13______147,500,000
https://www.londonstockexchange.com/stock/VAST/vast-resources-plc/company-page
Sandfire Resources 26/10/2023
Quarterly Report + Presentation
-
https://asx.com.au/asx/statistics/displayAnnouncement.do?display=pdf&idsId=02730632
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https://asx.com.au/asx/statistics/displayAnnouncement.do?display=pdf&idsId=02730633
#Motheo #MATSA #Copper #Silver
$SRT
@strataplc
#ASX
Https://x.com/zimtreasury/status/1716751884713697325?s=52&t=zuwyd0D_7az2Nr9qLdLSCg
Economic and investment meetings held at mature today. Lots of ministers and the president there. Looks like there could be some new mines opening soon
Its MUTARE lol
AsiaMet Resources (LON:ARS)
@AsiametTweets
·
11m
#ARS "We have received our first indicative term sheet from one of the world leaders in metals trading & offtake prepayment financing - another step of validation of the project.
We do have several other parties which are still doing DD"
https://twitter.com/i/status/1712044811362959746
Industrial gas: GDC announces supply cut for industrial clients opposed to 20% price hike
(Business in Cameroon) - Gas supplier Gaz du Cameroun (GDC) is still defying official orders to suspend its price-hiking decision. Indeed, after a meeting held on July 13, 2023, in Yaoundé, the Minister of Commerce Luc Magloire Atangana ordered the suspension of GDC’s plan to increase the price of industrial gas by 20%. In its June and July 2023 invoices to clients, GDC went ahead and applied the 20% price hike, overlooking government orders. It is now threatening to stop supplying industrial companies opposed to the price hike.
In an e-mail sent on August 22, 2023, to the executives of the thirty or so industrial companies it supplies natural gas to in the Douala-Bassa industrial zone, GDC announces the decision will become effective on September 1, 2023. If the companies concerned fail to pay the 20% surcharge on their June and July 2023 invoices, they will have to submit a request for direct negotiation with the gas company. The 20% surcharge demanded by GDC represents the proportion of the tariff increase, since, according to sources close to the matter, industrial companies continue to pay their consumption at the initial tariff in respect of the government’s decision to suspend the price increase unilaterally decided by GDC.
Fruitless negotiations
According to our sources, the discussions held in recent weeks between GDC and the union of industrial gas consumers have proved fruitless with the gas company showing its resolve to implement the price increase despite the government’s order. According to an executive of one of the industrial gas consumers, by seeking direct discussions with each of its customers, the Victoria Oil & Gas subsidiary hopes to create fault lines within the Industrial Gas Consumers Group, which is firmly opposed to the rate hike. The disunity caused could weaken the protesting bloc, we learn.
More.........
https://www.businessincameroon.com/energy/2308-13356-industrial-gas-gdc-announces-supply-cut-for-industrial-clients-opposed-to-20-price-hike
When it comes to electric power, copper’s essential role is unmatched. From the very first flicker of electric lights, to the rise of the digital age, to the transition to new power sources and the proliferation of electric vehicles, copper remains crucial.
Sprott Energy Transition
https://t.co/SddeSzU57b
STRATA INVESTMENT HOLDINGS PLC (SRT)
Statement of CDIs on issue
https://www.asx.com.au/asx/statistics/displayAnnouncement.do?display=pdf&idsId=02662516
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SRT link Hot-Copper
https://hotcopper.com.au/asx/srt/?keywords=SRT
Victoria Oil & Gas Shareholders
Dear Sir/Madam,
Please be advised that it is necessary to adjourn this morning’s virtual meeting to consider the Joint Administrators’ proposals.
Please accept our apologies for the short notice and an explanation of the reasons for this adjournment will be circulated to all creditors and shareholders under separate cover with formal notice of the adjourned meeting date and time.
For and behalf of Tommaso Ahmad and Paul Bailey
Joint Administrators of Victoria Oil & Gas Plc (In Administration)
Yours faithfully
The affairs, business and property of Victoria Oil & Gas Plc ?(in Administration)?
??are managed by the Joint Administrators, ?who act as agents of the Company
?and contract ?without personal liability.
Victoria Oil & Gas Shareholders
020 3393 6938
victoria.shareholders@babr.co.uk
www.babr.co.uk
2022 Annual Report & Financial Statements
https://www.investegate.co.uk/asiamet-res-ltd--ars-/rns/2022-annual-report---financial-statements/202304271558357556X/
Change of Company Name
https://www.asx.com.au/asx/statistics/displayAnnouncement.do?display=pdf&idsId=02658972
STRATA INVESTMENT HOLDINGS PLC - previously known as
METAL TIGER PLC
for forwarding PDF and all the updating much appreciated
Major Institutional Shareholder TR-1 Disclosure
https://www.investegate.co.uk/CompData.aspx?code=VAST&tab=announcements
Share Money
@shareGBP
·
Share Money
@shareGBP
3h
#ARS #Asiamet nice update from ARC Minerals with confirmation of deal with Anglo. These copper projects are slowly getting gobbled up, Asiamet's time will come I'm sure. Nice volume/read across this morning. New BFS expected next week which should highlight economics to suitors!!
#ARS #Asiamet nice update from ARC Minerals with confirmation of deal with Anglo. These copper projects are slowly getting gobbled up, Asiamet's time will come I'm sure. Nice volume/read across this morning. New BFS expected next week which should highlight economics to suitors!!