The next focusIR Investor Webinar takes places on 14th May with guest speakers from WS Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
Request from GDC
(Business in Cameroon) - The Cameroonian government is continuing its process to extend the special tax on petroleum products to natural gas, despite a request from Gaz du Cameroun (GDC), a subsidiary of the British Victoria Oil & Gas (VOG), to stop it.
Per this process, industries powering their plants with natural gas will pay CFA70 per cubic meter consumed. In a note sent on January 4, 2023, to its customers, GDC announced it has engaged in discussions with the government to suspend the measure but the Minister of Finance, Louis Paul Motazé (pictured), issued a statement on January 11 saying the government has denied the request.
"(...) I hereby inform you that the TSPP (the above-mentioned tax, ed) is not a new tax. As the legislation stands, this tax already applies to petroleum products, in particular to super and diesel fuel. Natural gas, which is also a petroleum product, had not yet been included for the simple reason that it was developed only recently. The provision contained in the Finance Act 2023 is therefore for reasons of fairness and broadening the tax base, to extend the application of the TSPP to this product," says Minister Motazé.
“Moreover, this tax is an indirect levy on the final consumer and is not borne by the holders of oil contracts, who are only legal debtors. It cannot, therefore, call into question the stability clauses of oil contracts,” he added, reminding GDC that the extension of the TSPP to industrial gas is not a burden for this company, which will just collect it for the State, and that it is rather an additional burden for industrials.
Let’s note that in addition to the TSPP that they are now obliged to pay, depending on their consumption, companies, which see natural gas as an alternative fuel in the face of recurrent power cuts in the country, will also have to face an increase in electricity rates of 30% from the current year 2023. The increase was decided by the Agency for Regulation of the Electricity Sector (****l). This, coupled with the extension of the TSPP to natural gas, will result in additional production costs for companies, which could be passed on to consumers in final prices, thereby aggravating inflation.
https://www.businessincameroon.com/energy/2701-12947-cameroon-the-special-tax-on-petroleum-products-will-soon-be-extended-to-natural-gas-despite-gdc-s-request
Three buys for the looming copper shortage. 6TH FEB, 23
The dominant macro narrative for copper is well passed its use-by date, says Mark Gardner at Maqro Capital.
https://t.co/0ez0dxv89l
December 2022 Half Year Financial Results Advisory
https://www.asx.com.au/asx/statistics/displayAnnouncement.do?display=pdf&idsId=02628616
121 Mining Conference Presentation
https://www.asx.com.au/asx/statistics/displayAnnouncement.do?display=pdf&idsId=02628127
Motheo Copper Mine - Pictorial Update
https://www.asx.com.au/asx/statistics/displayAnnouncement.do?display=pdf&idsId=02627831
31st December 2022 Zimbabwe
Minister says Zim to commission major mining projects in 2023
https://www.bing.com/ck/a?!&&p=22e8001282f792b1JmltdHM9MTY3NTIwOTYwMCZpZ3VpZD0yMWVhNThlYS04MmU3LTY5MjQtMjJlOS00YThmODM4NDY4MDEmaW5zaWQ9NTE5Mg&ptn=3&hsh=3&fclid=21ea58ea-82e7-6924-22e9-4a8f83846801&psq=Zimbabwes+Mining+Minister+2023&u=a1aHR0cHM6Ly93d3cubmV3emltYmFid2UuY29tL21pbmlzdGVyLXNheXMtemltLXRvLWNvbW1pc3Npb24tbWFqb3ItbWluaW5nLXByb2plY3RzLWluLTIwMjMv&ntb=1
$CBE Cobre 01/02/2023
Assay Results Confirm Regional Multi-Target #Copper District & Commencement Of 2023 Diamond Drilling Programme
https://www.asx.com.au/asx/statistics/displayAnnouncement.do?display=pdf&idsId=02626830
#Kalahari #Copperbelt @MiningBotswana
#Ngami #KITW #ASX
$MTR.L #MTR $SFR @metaltigerplc
Quarterly Activities/Appendix 5B Cash Flow Report
https://www.asx.com.au/asx/statistics/displayAnnouncement.do?display=pdf&idsId=02625771
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Martin C Holland
@MartinCHolland1
·
1h
What a great quarter for $CBE all set up now for a systematic year of ongoing exploration.
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MTR.ax------ANN
Final Director's Interest Notice
https://www.asx.com.au/asx/statistics/displayAnnouncement.do?display=pdf&idsId=02625613
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AMM------ANN
Quarterly Activities/Appendix 5B Cash Flow Report
https://www.asx.com.au/asx/statistics/displayAnnouncement.do?display=pdf&idsId=02625623
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Sandfire December 2022 Quarterly Report
https://www.asx.com.au/asx/statistics/displayAnnouncement.do?display=pdf&idsId=02623405
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Sandfire December 2022 Quarterly Report Presentation
https://www.asx.com.au/asx/statistics/displayAnnouncement.do?display=pdf&idsId=02623407
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Near-mine Exploration Success at MATSA
https://www.asx.com.au/asx/statistics/displayAnnouncement.do?display=pdf&idsId=02623404
Proactive
@proactive_UK
·
49m
$ARS Asiamet CEO welcomes collaboration with BGRIMM for BKM copper processing facility https://tinyurl.com/2lsl5cdz
@AsiaMetTweets
$KMGLF #ARS #KMGLF
https://t.co/OQnLCiTgV6
See, something big happened to one of our favorite metals. The world just lost almost 300,000 annual tons of copper. That’s enough copper to provide electricity to over 12 million U.S. homes.
It happened when Panama closed the Cobre Panama mine, seeking more taxes from the owner.
And it’s not just Cobre Panama. Chile, which produces more than 25% of the world’s copper supply, is also struggling to supply the market.
I first put the copper shortage on your radar yesterday. And what’s going on in Panama and Chile will help define where copper prices go next. Here’s the background…
Panama’s government has ordered to halt operations at the Cobre Panama copper mine.
First Quantum Minerals owns the mine. It’s a $20 billion company from Canada. And it’s one of the top five copper producers worldwide.
What’s so special about Cobre Panama? Two things.
First, Cobre Panama is one of the largest new copper mines brought into production in the past decade. Mind you, that’s not just for First Quantum, but worldwide.
In 2021, Cobre Panama accounted for more than half of First Quantum’s earnings before interest, tax depreciation, and amortization (EBITDA).
Second, the mine supplies 1.5% of the world’s copper.
More .......
https://t.co/8G1GRvpEIq
4.3007 +0.0777 +1.84%
https://www.investing.com/commodities/copper-streaming-chart
Reminder to register for telecast
December 2022 Quarterly Report Advisory
Tues Jan 2023
Investor - Analyst & Media Teleconference & Webcast
https://www.asx.com.au/asx/statistics/displayAnnouncement.do?display=pdf&idsId=02620214
Sandfire Disposal and Margin Lending Facility Update
Metal Tiger plc (AIM: MTR, ASX: MTR), the AIM and ASX listed investor in natural resources opportunities, is pleased to announce that it has sold 200,000 Sandfire Shares at an average price of A$6.105 per share raising gross proceeds of approximately A$1.221m. Of the net sale proceeds, A$337k will be applied to reducing the outstanding loan balance on the new A$15m Margin Lending and Drawdown Facility (the “Facility”) with a sub-fund of SC Lowy SI II (SG) VCC, announced on 14 December 2022, with the balance of A$877k proceeds to be used for working capital and other investment opportunities.
Following the above disposal, Metal Tiger has 4,562,626 Sandfire Shares within the Facility against an outstanding loan balance of A$7.579m, and Metal Tiger will be interested in 5,730,168 Sandfire Shares, representing approximately 1.25% of Sandfire’s issued share capital. 1,167,542 Sandfire Shares will be secured under the equity derivative financing arrangement with a global investment bank.
For further information on the Company, visit www.metaltigerplc.com :
https://www.investegate.co.uk/metal-tiger-plc--mtr-/bus/sandfire-disposal-and-margin-lending-facility-update/20230112120900Z9334/
11 / 12 Jan
https://www.futuremineralsforum.com/?utm_source=twitter&utm_medium=cpc&utm_campaign=fmf23&twclid=21sg3h5c0fyo18tekdfsncynlf
@Andrea Hotter
A shortage of #copper alone could derail the energy transition, with a rise in demand of around 82% seen between 2021 and 2035, says Ivanhoe co-chair Friedland. #FMF23
Copper ....... 4.1562 ......+0.0787...... +1.93%
https://www.investing.com/commodities/copper-streaming-chart
December 2022 Quarterly Report Advisory
Tues Jan 2023
Investor - Analyst & Media Teleconference & Webcast
https://www.asx.com.au/asx/statistics/displayAnnouncement.do?display=pdf&idsId=02620214
Sprott Inc
Becoming a substantial holder
https://www.asx.com.au/asx/statistics/displayAnnouncement.do?display=pdf&idsId=02619821
10 January 2023
Metal Tiger plc
(“Metal Tiger” or the “Company”)
Director Dealing
Metal Tiger plc (AIM: MTR, ASX: MTR), the AIM and ASX listed investor in natural resources opportunities, notifies that today, the Company’s Chief Executive Officer, Michael McNeilly, purchased 150,000 ordinary shares of 0.1 pence each in the capital of the Company (“Ordinary Shares”) on market at a price of 14 pence per share, for a total consideration of £21,000.
Following these purchases, Michael McNeilly is interested in 1,400,000 Ordinary Shares, representing approximately 0.83% of the Company’s issued share capital.
https://www.investegate.co.uk/metal-tiger-plc--mtr-/bus/director-dealing/20230110114600Z7225/
UP 3 Per cent
4.0323 +0.1213 +3.10%
https://www.investing.com/commodities/copper-streaming-chart
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Copper shortfall’s ‘dramatic impact’ on energy transition drives search for answers
https://t.co/ebq9kxMFei
Copper shortfall’s ‘dramatic impact’ on energy transition drives search for answers
https://t.co/ebq9kxMFei