Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Since November 2021, the company Prometal, the leader in the rebar market in Central Africa, has launched in the city of Douala, the Cameroonian economic capital, the construction works of its 5th plant , which will will produce domestic gas cylinders. “ ?Two other projects are annexed to this factory, in particular the manufacture of wheelbarrows and metal frames? ”, specifies a source close to the file.
Investment of a total amount of 12 billion FCFA, supported by a banking consortium in which we find BGFI Cameroon and CCA Bank, the plant should be commissioned in July 2022. This industrial production unit, which will make it possible to create 250 direct jobs, will then put on the Cameroonian and sub-regional market some 600,000 bottles of domestic gas each year, we learn.
“? Cameroon currently imports around 450,000 to 500,000 cylinders of domestic gas per year, for an amount of around 8 billion FCFA. At full capacity, this plant should allow the country to no longer depend on imports and to export up to 100,000 bottles of domestic gas per year. This should not only allow the Cameroonian metallurgical industry to shine on the African market, in the context of the African Continental Free Trade Area (Zlecaf), but also reduce the country's trade balance deficit ?,” explains an internal company source.
According to the promoters, this plant will market gas cylinders to international standards, while respecting the Cameroonian standard. This should contribute to reducing the tragedies experienced in Cameroonian households, because of old gas cylinders that have become defective. Indeed, according to a joint study carried out in 2011 by the Department of Metrology and Consumer Protection of the Ministry of Commerce and the Hydrocarbons Price Stabilization Fund (CSPH), "70% of domestic gas cylinders in circulation in the country are defective” .
https://t.co/5nWyMZ52Jn
https://www.lse.co.uk/rns/VOG/roy-kelly-appointed-as-new-ceo-and-board-change-6s0z2xpq1gkfvn8.html
Roy Kelly Appointed as New CEO and Board Change
Roger Kennedy, Chairman said:
"Roy is a seasoned oil and gas professional and is well known and respected in the industry and amongst investors in the sector. His experience in asset development, both upstream and downstream, and history and knowledge of African oil and gas projects, particularly in Cameroon, will be invaluable to our Company. Roy has shown great leadership and resolve in his past positions, building dedicated and professional teams which have successfully executed their technical and strategic goals. He is known for a pragmatic, hands on and direct approach to creating value.
I have known Roy professionally for eighteen years and have full confidence that he will positively manage the Company and set it on a new, long-term course to ensure increase of shareholder value.
I and the rest of the VOG team are extremely excited to have Roy lead the Company forward.
Roy Kelly, Chief Executive Officer said:
"I am excited and flattered to be joining Victoria Oil & Gas at this time. The company has a unique position and business model in Cameroon, and I look forward to continuing its growth in this and other markets. The Company is not without its challenges and
I look forward to communicating clearly how we plan to tackle these tasks for the benefit of shareholders and indeed all stakeholders."
SP that day
11 Mar 2020 Opened @ 3.8400 Closed 3.5800
Guinness Cameroon declares having invested 15 billion FCFA to boost its production capacities by 29%
(Business in Cameroon) - In an announcement released on March 9, the Guinness Cameroon brewing company, a subsidiary of Britain's Diageo, declared that it had invested 15 billion FCFA over the past four years. The money was injected, indicates the company, in the production tool, the production projects of local inputs in the North and the Far North of the country.
According to the brewing company, this investment has created more than 15,000 indirect jobs and boosted its annual production capacity by 29%. It thus went from 1.2 million to 1.55 million hectolitres, or 120 million to 155 million litres.
But this announced production capacity remains far below that of the SABC. The subsidiary of the Castel group remains the market leader with 74% of the shares. The SABC, according to the available data (those of 2017), shows a total production of 8.2 million hectoliters of beer, soft drinks and alcohol-mixes.
But the Diageo subsidiary has been involved in the import and marketing of spirits for a few years, with a view to diversifying into this market largely dominated by the SABC.
https://www.investiraucameroun.com/gestion-publique/0903-17616-guinness-cameroun-declare-avoir-investi-15-milliards-de-fcfa-pour-booster-ses-capacites-de-production-de-29
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https://www.gazducameroun.com/our-clients/
https://ocamer.com/en/news/tramway-de-douala-le-demarrage-des-travaux-annonce-pour-2023-2/6994
(Business in Cameroon)
Wednesday, 30 January 2019
Belgian-Turkish consortium Iristone-Ilci to start construction of a tramway in Douala, in H1 2019
https://www.businessincameroon.com/transport/3001-8807-belgian-turkish-consortium-iristone-ilci-to-start-construction-of-a-tramway-in-douala-in-h1-2019
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In an interview with the newspaper Défis Actuelles, the mayor of the city of Douala, Roger Mbassa Ndine announces the start of construction work on an 18 km tram line in 2023.
The project will be carried out by the Belgian-Turkish consortium Iristone-Ilci. Although the cost of the work has never been disclosed, the builder intends to deliver the work in 2023, it is assumed. The start of construction of this mode of urban transport had already been announced in 2019, for commissioning in 2021.
Work that will never see the light of day. Then in January 2022, the mayor of the economic capital resurrected the project. According to him, it was only in 2021 that the project was implemented in the urban community for which he is responsible.
Spiked to 4 9180
4.8822 +0.1007
https://www.investing.com/commodities/copper-streaming-chart
(Business in Cameroon) - In an interview with the newspaper Défis Actuels , the mayor of the city of Douala, the Cameroonian economic capital, announced the start of construction work on the tramway during the year " This is the tramway project which comes from Douala 4th to the Agip crossroads. It's 18 km ,” says Roger Mbassa Ndiné.
This project, presented by the Ministry of Urban Development and Housing as a pilot project, will be implemented by the Belgian-Turkish consortium Iristone-Ilci. These partners of the Cameroonian government had already announced the start of work in 2019, for delivery scheduled for 2021. In the event of the actual start of work in 2023, delivery of the site is scheduled for 2024.
In order to make available the electrical energy that the tramway badly needs, and which is lacking in Cameroon, the project included the construction of an autonomous power plant in the industrial zone of Bonabéri, in the suburbs of the economic capital. This infrastructure will be equipped with power beyond the tram's operating needs, specifies the Iristone/ILCI consortium.
https://www.investiraucameroun.com/transport/0403-17596-douala-le-maire-de-la-ville-annonce-le-demarrage-des-travaux-de-construction-d-une-ligne-de-tramway-de-18-km-en-2023
Electricity: production deficit, maintenance work and grid saturation plunge Cameroon into darkness
(Business in Cameroon) - A few days ago, Eneo, the public electricity service concessionaire in Cameroon, returned to the rationing of electrical energy in the country. In almost all the main cities of Cameroon, entire neighborhoods are without electricity for hours, or all day. The situation is even more worrying in rural areas, we learn from various sources.
“ The entire electricity system, in its generation, transmission and distribution segments, is experiencing constraints. This leads to an energy deficit which is accentuated by two main factors: the saturation of the transport network; the limitation of production in certain power plants, either for maintenance, fuel supply constraints, or because of low water levels ”, explains the electricity company in a press release dated February 21, 2022.
In detail, we learn from authorized sources, the Memve'ele dam (South region), which until now only delivered about 90 MW out of the 211 MW expected for almost 5 years, saw its production drop by drastically (35 MW) in recent weeks, due to hydrological constraints resulting from the harshness of the dry season. According to forecasts by operators in the electricity sector, this loss of 55 MW cannot be absorbed before mid-March (start of the rainy season), or even the beginning of April 2022.
Government instructions
At the same time, we learn from sources familiar with the matter, the groups of the Kribi gas power plant, in the South region, only produce around 160 MW of electricity, out of an installed capacity of 216 MW that can be extended. at 330MW. At the origin of the drop in production of approximately 56 MW in this plant controlled by Globeleq Africa, an independent electricity producer controlled by the British investment fund Actis (as is also the company Eneo), are the equipment maintenance work, we learn.
However, how did we come to schedule maintenance work in this critical energy infrastructure at the height of low water, a period characterized by the drop in water levels in the dams, and the corollary of which is the drop in production in the hydroelectric power stations, which are then generally supplemented by thermal and gas power stations?
more......
https://www.investiraucameroun.com/energie/0403-17595-electricite-deficit-de-production-travaux-de-maintenance-et-saturation-du-reseau-plongent-le-cameroun-dans-le-noir
BMO Global Metals & Mining Conference Presentation
https://www.asx.com.au/asx/statistics/displayAnnouncement.do?display=pdf&idsId=02494351
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SFR Wewbcast
https://t.co/IeHbQBUwvB
December 2021 Half Year Results Presentation
https://www.asx.com.au/asx/statistics/displayAnnouncement.do?display=pdf&idsId=02492627
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December 2021 Half Year Financial Results Announcement
https://www.asx.com.au/asx/statistics/displayAnnouncement.do?display=pdf&idsId=02492624
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December 2021 Half Year Financial Report and Appendix 4D
https://www.asx.com.au/asx/statistics/displayAnnouncement.do?display=pdf&idsId=02492620
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Dividend/Distribution - SFR
https://www.asx.com.au/asx/statistics/displayAnnouncement.do?display=pdf&idsId=02492642
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Victoria Oil and Gas
Proud of our Cameroon operations safety record
Gaz du Cameroun
@GazduCameroun
· 1h
GDC marking one million man hours without lost time injury
https://pbs.twimg.com/media/FMhekHvXEAUgGqf?format=jpg&name=small
(Business in Cameroon) - In its report on the impact of the coronavirus on Cameroonian companies in 2021, the National Institute of Statistics (INS) points out that “? overall, very few companies contacted (7%) are closed as a result of the pandemic”. Better, we learn, “? nearly 87% of the companies interviewed were open and operational in July 2021, while this proportion was 79.8% in March 2021 ?”.
In other words, between the months of March and July 2021, the number of operational companies even increased by 7.2%, which testifies to a certain attenuation of the effects of the pandemic on the functioning of these structures. production. Among the effects thus mitigated, we can cite the lack of financial resources which, according to the INS, was the cause of the closure of 48% of the companies that had temporarily or definitively closed down.
In fact, in order to allow banks to increase business financing tenfold, the Beac resumed its liquidity injection operations at the start of the pandemic in credit institutions in the CEMAC zone (Cameroon, Congo, Gabon, Chad, CAR and Equatorial Guinea). These injections of liquidity, which the Beac was nevertheless preparing to eliminate at the time of the confirmation of the first cases of Covid-19 in Cameroon, made it possible to oxygenate the cash flow of companies, which were thus able to continue or boost their activities despite the pandemic.
“? Despite the Covid-19 crisis, the credit institutions that have refinanced themselves with the BEAC have generally maintained their outstanding loans to the private sector. Indeed, after a decline observed between March and August 2020, the outstanding balance of loans to the private sector gradually recovered to stand at CFAF 3,020 billion at the end of March 2021, a level higher than that recorded at the start of the year. crisis (2,737 billion FCFA) ?” in March 2020, can we read in the latest edition of “? The research letter ?”, a publication of the Beac.
https://www.investiraucameroun.com/gestion-publique/2402-17556-covid-19-tres-peu-d-entreprises-ont-ferme-au-cameroun-en-2021-malgre-la-persistance-de-la-pandemie-ins
Half Year Financial Results Advisory Update
Now Monday
https://www.asx.com.au/asx/statistics/displayAnnouncement.do?display=pdf&idsId=02490437
Ridiculous how this is being drawn out Surely by now they (panel) must have a decision date or at very least the date of next meeting, its never ending
About forty Italian companies announced at the Promote 2022 fair in Yaoundé
(Business in Cameroon) - Promote 2022, the 8th edition of the International Business, SME and Partnership Fair, will see the participation of some forty companies from Italy, announced Filippo Scammacca Del Murgo , the country's ambassador to Cameroon. It was during a press conference organized on February 14, 2022 in Yaoundé, the capital of the country.
“? This participation is also an indication of Italy's interest in Cameroon. We did a not very big campaign, but we received the support of Italian companies ?"for this business meeting which opens on February 19, 2022 in the Cameroonian capital, indicated the Italian diplomat to Cameroon Tribune , the State-owned daily.
Initially scheduled for April 24 to May 2, 2021 at the Palais des Congrès in Yaoundé, this economic high mass was finally postponed due to the Covid-19 pandemic. Launched in 2002, the Promote show, which often registers up to 1,000 exhibitors thus offering the opportunity to forge business partnerships, very quickly became the largest economic gathering in Central Africa, according to its promoters.
https://www.investiraucameroun.com/economie/1602-17521-une-quarantaine-d-entreprises-italiennes-annoncees-au-salon-promote-2022-a-yaounde
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News soon
Candidates interested in the consulting offer are expected to submit their applications by February 17, 2022.
https://www.businessincameroon.com/energy/0701-12192-bassa-industrial-zone-government-to-build-an-electrical-substation-to-anticipate-growth-in-energy-demand
Motheo Copper Mine Pictorial Update
https://www.asx.com.au/asx/statistics/displayAnnouncement.do?display=pdf&idsId=02486339
Trident tweet
Trident Royalties
@TridentPlc
·
12m
'
@IChronicle
writes on TRR’s ‘deal of the millennium’.
“This below the radar royalties natural resources company is set to generate explosive profit growth in the coming years as demand for clean technology and green energy ramps up” says Simon Thompson
https://t.co/s7X85CXfSk
48.44 At years high today
I’m looking forward to chatting to the enigmatic management team at some stage as the new VOG story is gaining strength with every trading update. It is almost too long a story but those patient shareholders who have been in for the long haul are slowly getting something back and without tempting fate I think that the market has scope for GDC to deliver substantially more sales and as for Matanda the sky is the limit…
Victoria Oil & Gas
Victoria Oil & Gas Plc, whose wholly owned subsidiary, Gaz du Cameroun S.A. is the onshore gas producer and distributor with operations located in the port city of Douala, Cameroon, is pleased to provide shareholders with a brief operations update for the fourth quarter of 2021.
SUMMARY
· Sales: Average daily gross gas sales rate for the quarter of 5.3 MMscf/d (up 6.0% on Q3 21: 5.0 MMscf/d) of natural gas, plus gross 5,584 bbls (Q3 21: 3,800 bbls) condensate was shipped to customers.
· Logbaba Performance: The field has been meeting the demand using two of the three wells at any one time, with Well La-108 alternating with Well La-107.
· Matanda: Following the selection of a suitable wellsite to drill a vertical well into the Marula prospect on Government-owned, late-life plantation lands, stakeholder engagement continued, and the preparation of site access roads commenced.
· Litigation: Certain of the non-monetary claims in the ICC arbitration with RSM Production Corporation (“RSM”) have been settled consistent with the UNCITRAL arbitration settlement agreement, previously announced on 29 September 2021. The settled non-monetary claims resolve several prospective accounting issues.
Roy Kelly, Chief Executive of Victoria Oil & Gas, commented:
“We are very pleased with the robust quarter that GDC achieved, despite a greater than expected number of maintenance shutdowns for its customers. Following the end of the quarter, 2022 has started very well with strong demand shown in the market.
“I am pleased we could settle those non-monetary claims with a prospective impact in the ICC arbitration, and I am again grateful to RSM for their continued and constructive engagement on this.”
https://t.co/rE16AHhaPt