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GNRI considers sale of $1.5 billion Botswana copper mine ( Khoemacau )
The resources-focused investment firm is working with an adviser to identify potential suitors for the asset, the people said, asking not to be identified as the matter is private. A deal could value the asset at about $1.5 billion, the people said.
SIGN UP FOR THE COPPER DIGEST
Three-month copper futures have gained about 2% on the London Metal Exchange this year. Khoemacau could attract interest from large miners seeking to expand their copper portfolios, according to the people.
Demand for copper assets has been strong thanks to hopes of a global economic recovery as well as the scarcity of sizeable projects coming on the block. Last year, Australia’s Sandfire Resources Ltd. agreed to buy a copper mining complex in Spain from Mubadala Investment Co. and Trafigura Group for about $1.9 billion.
No final decisions have been made, and there’s no certainty the deliberations will lead to a transaction, the people said. A spokesperson for Khoemacau declined to comment, while a representative for GNRI didn’t respond to requests for comment.
The Khoemacau mine, which started production in June last year, is situated in the Kalahari copper belt that stretches from northeast Botswana to western Namibia. It’s been ramping up to a planned annual production level of 60,000 metric tons of copper and 2 million ounces of silver, according to its website.
https://www.mining.com/web/gnri-considers-sale-of-1-5-billion-botswana-copper-mine/
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Peru govt declares state of emergency near MMG’s Las Bambas mine as stand-off continues
https://www.mining.com/web/peru-govt-declares-state-of-emergency-near-mmgs-las-bambas-mine-as-stand-off-continues/
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China's Xi urges 'all-out' infrastructure push to boost growth
https://t.co/vjvcOqKuuM
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CORPORATE CALENDAR
28 April 2022 March 2022 Quarterly Report Advisory
10.00am (AWST) / 12.00pm (AEST
Teleconference Link
https://s1.c-conf.com/diamondpass/10021167-idl35s.html
Webcast Link
https://webcast1.boardroom.media/watch_broadcast.php?id=6243ae89eade1
https://www.sandfire.com.au/site/investor/corporate-calendar
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HVY Significant Garnet Mineralisation Discovery at Red Hill
https://www.asx.com.au/asx/statistics/displayAnnouncement.do?display=pdf&idsId=02513068
Electricity: BGFIBank ready to finance other mini hydroelectric plants, after the success of Mbakaou
At BGFIBank, electricity is also considered to be a growth sector. From internal sources, to date, the bank is committed to it to the tune of 70.5 billion FCFA (Eneo: 65 billion, Invest Cameroon: 1.5 billion, Gaz du Cameroun: 4 billion) on an outstanding loan of nearly 300 billion FCFA, i.e. more than 23% of the portfolio.
https://www.investiraucameroun.com/energie/2304-17819-electricite-bgfibank-disposee-a-financer-d-autres-mini-centrales-hydroelectriques-apres-le-succes-de-mbakaou
@SandfireResLtd
Motheo in #Botswana – It’s all systems go writes Arthur Tassell after his interview with Dale Burgess:
ASX-listed Sandfire Resources is making excellent progress on the development of its Motheo open-pit copper/silver mine in the heart of Botswana’s Kalahari Copperbelt, where the on-site workforce has recently topped the 1 000 mark.
Mining Review Africa contributor ARTHUR TASSELL recently spoke to Dale Burgess, executive country head – Botswana, to learn more about this standout US$279 million project, which will initially produce 30 000 tpa of copper and 1.2 Mozpa of silver.
Located in the Ghanzi District, about 80 km north-east of the town of Ghanzi in western Botswana, Motheo will exploit the sediment hosted T3 copper and silver deposit which was discovered in 2016. While T3 forms the backbone of the project, further resources in the area are likely to provide ore to the Motheo processing plant, starting with the nearby A4 deposit, located just 8 km to the west of T3.
more .......
https://t.co/x5OZzAUvOv
CBE Response to ASX Price and Volume Query
https://www.asx.com.au/asx/statistics/displayAnnouncement.do?display=pdf&idsId=02509732
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CBE/MTR
Kalahari Metals - Botswana Exploration Update
https://www.asx.com.au/asx/statistics/displayAnnouncement.do?display=pdf&idsId=02509738
Sandfire 11/04/2022
March 2022 Quarterly Results Advisory
https://www.asx.com.au/asx/statistics/displayAnnouncement.do?display=pdf&idsId=02509302
CBE with respect to an update on companies exploration programme in BOTSWANA
Trading halt will last until commencement of trading Tuesday 12 April
https://www.asx.com.au/asx/statistics/displayAnnouncement.do?display=pdf&idsId=02508807
Closed up 26.39% UP @09.10
CBE -- Pause in Trading
Pending further announcement
https://www.asx.com.au/asx/statistics/displayAnnouncement.do?display=pdf&idsId=02508792
Sandfire’s plans for Motheo to become the heart of a major new processing hub in the Kalahari
Copper Belt.’
Management Comment and Outlook
‘We’re also nearing completion of the Feasibility Study for the 5.2Mtpa Expansion Case at Motheo,omment and Outlook
Sandfire Managing Director and CEO, Karl Simich, said: ‘The start of open pit mining operations
represents another important step on the road to production, and to have achieved this milestone
ahead of schedule is a testament to the hard work of our project execution team in Botswana, led by
Project Director, Ian Kerr.
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Feasibility Study for the 5.2Mtpa Expansion Case at Motheo
Which is due for completion in the June Quarter of this year. All the infrastructure currently under
construction at Motheo is being built to support this proposed expanded capacity, supporting
Sandfire’s plans for Motheo to become the heart of a major new processing hub in the Kalahari
Copper Belt.’
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https://t.co/dmwrIkkZjS
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MTR RNS
https://www.investegate.co.uk/metal-tiger-plc--mtr-/bus/sandfire-update/20220406094100Z0031/
Motheo Copper Mine Pictorial Update
Sandfire
@SandfireResLtd
·
51m
Sandfire is pleased to provide a development and construction pictorial update for the Motheo Copper Mine in Botswana, and to announce the commencement of open pit mining at Motheo.
You can view the full pictorial update here
https://www.asx.com.au/asx/statistics/displayAnnouncement.do?display=pdf&idsId=02507173
Port of Douala: the English KTH wins the contract to build a new terminal at 427 billion FCFA
The new terminal will be built in two phases. The first phase provides for 450 ml of quay; silos with a cumulative capacity of 30,000 tons, a road and a railway, a weighing station, a maintenance workshop; a 200 m² R+3 administrative building; an electricity supply station; a fire-fighting system; an equipped car park; three stores of 2,000, 3,000 and 10,500 m²; a storage area, etc.
https://www.investiraucameroun.com/gestion-publique/0104-17723-port-de-douala-l-anglais-kth-decroche-le-marche-de-construction-d-un-nouveau-terminal-a-427-milliards-de-fcfa
Electricity: Belgian Patrick Eeckelers takes over as head of Eneo, in a high-voltage sector
(Invest in Cameroon) - At the end of a session of the Board of Directors, held on March 30, 2022 in Yaoundé, the electromechanic of Belgian nationality, Patrick Eeckelers, was appointed to the position of CEO of Eneo, the concessionaire of the public electricity service in Cameroon. From sources inside this company, controlled by the British investment fund Actis, it was a simple formality. Patrick Eeckelers joined the company on 12 January 2022 and was already almost CEO of Eneo, in his capacity as special advisor to his predecessor Éric Mansuy. The latter, who will have spent 3 years at the head of this electricity company, has decided not to renew his mandate.
Formerly of Électricité de France (EDF), now Engie, Patrick Eeckelers has 30 years of experience in the energy sector, including 20 years of international assignments, notably in Dubai, Saudi Arabia, Hungary, Bolivia, Peru, Turkey, Thailand, Belgium, etc. Will this long international experience only allow him to restore Eneo's image? Interface between the sector and the public, the electrician is regularly under the hot seat, because of the load shedding that has become the daily lot of Cameroonian populations and companies.
Indeed, Patrick Eeckelers takes the reins of a company operating in an environment marked by a glaring underinvestment in the transport network, making it the main Achilles heel of the sector today. Throughout 2021, for example, this transport network, whose management has been transferred since 2018 to the state-owned company Sonatrel, collapsed several times, plunging almost the entire country into darkness. Since 2012, investments in the transport segment have been almost stopped. The project to upgrade electricity transmission networks and reforms the sector (2016-2022), which was supposed to make up for this delay, is stalling (around 10% implementation rate at the end of September 2021), despite the availability of financing.
https://www.investiraucameroun.com/energie/3003-17717-electricite-le-belge-patrick-eeckelers-prend-la-tete-d-eneo-dans-un-secteur-sous-haute-tension
In Cameroon, a petro-gas project involving the Russian Lukoil delayed by the war in Ukraine
As a reminder, at the end of a development period of the Etinde project that lasted 6 years, Bowleven (25%) and its partners New Age (37.5%) and Lukoil (37.5%) received on January 26, 2021, the approval of the Cameroonian side to apply for a new authorization to operate this oil and gas block, which covers an area of 2,316 km2 in the South-West region of the country. "This is very positive news for the development of Etinde. Because it eliminates the possibility for the Government of Cameroon to withdraw the Etinde license from the joint venture partners, after the end of the initial six-year development implementation period in January 2021," said Eli Chahin, CEO of Bowleven.
Gas from Cameroon
Thanks to this agreement, the holders of the Etinde license hoped, at the end of new exploration campaigns, to highlight sufficient reserves to make an investment decision in 2021, and thus produce and market natural gas. This deadline was not met. The deadline of 2022 that the project operators finally set themselves for making a final investment decision is also now questionable, due to the Russian-Ukrainian conflict.
However, the Etinde project is also of interest to Victoria Oil & Gas (VOG), the parent company of Gaz du Cameroun (GDC), which has set up the country's first natural gas processing unit, on the outskirts of Cameroon's economic capital. Indeed, on February 5, 2020, VOG signed a "non-binding letter of intent" with the project leaders, to source natural gas from the Etinde field, which could well become on the 3rde operational gas field in Cameroon, after Kribi (South) and Logbaba (Littoral).
https://www.investiraucameroun.com/energie/3103-17718-au-cameroun-un-projet-petro-gazier-impliquant-le-russe-lukoil-******e-par-la-guerre-en-ukraine
Marimaca Copper Corp
@Marimaca_Copper
·
12m
VIDEO ??? Marimaca Infill Drilling Extends Copper Oxide Mineralization at the MOD
Overview video available with
@HaydenLocke5
President & CEO, discussing today’s results.
https://t.co/DgcYjrUeE6
$MARI
Marimaca Infill Drilling Extends Copper Oxide Mineralization at the MOD
Results from the first seven reverse circulation drill holes, totaling 2,150m, from the 2022 infill drilling campaign at the Marimaca Oxide Deposit (“MOD”).
https://t.co/4nRJe2dgwZ
https://marimaca.com/
Invest in Cameroon) - During the 3rde In the 2021 quarter, the overall level of investment accelerated in Cameroon. According to the report of the National Institute of Statistics (INS) on national accounts, investment in the country, during the period under review, grew by 5.8% year-on-year (after 5.5% last quarter), thus contributing 1.2 points to GDP growth.
According to the explanations of the INS, this "dynamism of the level of investments results from the intensification of the demand for transport equipment, machinery and equipment, furniture and a consolidation in buildings and public works (BTP) for several quarters".
This increase in investment between July and September 2021 was observed in both the private and public sectors. Indeed, notes the INS, "with a contribution of one point to GDP growth, private investment grew by 5.7%, while the public component evolved by 19.8%, for a contribution of 0.6 points to GDP growth attributable to a continuous increase in capital expenditure".
https://www.investiraucameroun.com/gestion-publique/1803-17662-btp-transports-equipements-boostent-l-investissement-5-8-au-cameroun-au-3e-trimestre-2021
ASK Prometal
According to the promoters, the cylinders produced will comply with both Cameroonian and international standards.
Contact https://prometal-cm.com/
From 14 September 2021
Iron: the most modern processing plant in sub-Saharan Africa will be operational in Douala in October 2021
Impact on the economy
So far, we learn, these products are imported by African countries (except for two from the Maghreb). Their production in Cameroon, according to Prometal's estimates, will allow the country to reduce its trade balance deficit on iron-based building materials by about 50%.
In addition, according to the analysis, the entry into production of Prometal 4 should contribute to boost the turnover of some of the company's strategic suppliers. These include the electricity company Eneo, to which Prometal, its 2e customer after Alucam (Cameroonian Aluminum Company), already pays annual bills of about 4 billion FCFA; and Gaz du Cameroun (GDC), which already receives annual payments of CFAF 1.6 billion from Prometal.
https://www.investiraucameroun.com/gestion-publique/1409-16844-fer-l-usine-de-transformation-la-plus-moderne-d-afrique-sub-saharienne-sera-operationnelle-a-douala-en-octobre-2021
14-Mar-22 11:07:42 4.00 7,000,000
https://www.londonstockexchange.com/exchange/prices-and-markets/stocks/summary/company-summary/GB00BRWR3752GBGBXAMSM.html?lang=en
Not suggesting anything just posting items which may be of interest to followers / watchers of VOG
Prometal are a client of GDZ on our doorstep increasing their plant size to five which may increase sales to company
Info were getting from VOG is minimal atm so just trying to keep some news relating to area in which we operate
https://www.gazducameroun.com/our-clients/