Adrian Hargrave, CEO of SEEEN, explains how the new funds will accelerate customer growth Watch the video here.
Hi Ex
Yes not sure I’ve seen that before, certainly with those figures attached.
The way I see it is that they are already exporting that, where AD Ports come in is to develop the port to get the $3bn -$5bn pa of iron ore out of the country.
FWIW I don’t think we’ll be around to worry about this. I think your previous comment about a conglomerate of organisations/countries/BRICS is about to pick up a once stranded iron ore asset!!!
Good times ahead 😉
Nguesso said: "This partnership represents a significant step forward in our efforts to promote economic growth and development in Brazzaville, Congo.
“Through this partnership, we will have access to AD Ports Group’s expertise and resources, which will be invaluable in developing our infrastructure and supporting our future plans. We are confident that with their support, we can accelerate progress in critical areas such as transportation, trade and logistics. We believe that this partnership has the potential to be a game-changer for our country, and we are excited to see the positive impact it will have in the years to come."
http://tradearabia.com/touch/article/IND/410649
All 3 trades showing as sells so far. One is mine and it’s a buy so they must all be buys.
Not sure why we are not seeing more activity, but it’s a chance to buy before any further news.
Check down the back of your sofas, sell your dog shares, whatever it takes.
This is going to go 🚀
Yes don’t forget Denis is travelling in a Saudi princes plane to sign off on the port.
What’s next?
Maybe……
Vale recently announced that it has signed three agreements with local authorities and clients to jointly study the feasibility of developing industrial complexes (Mega Hubs) in the Kingdom of Saudi Arabia, the United Arab Emirates and the Sultanate of Oman to produce low carbon footprint products for the steelmaking industry. It includes a Memorandum of Understanding signed with Saudi Arabia’s National Industrial Development Center (NIDC) to develop a plant and logistics centre for the processing and production of high-quality iron pellets in Ras Al-Khair Industrial City.
https://im-mining.com/2022/11/02/vale-looks-at-high-grade-iron-ore-pellet-hbi-mega-hubs-in-saudi-arabia-uae-and-oman/
Https://www.lse.co.uk/ShareChat.html?ShareTicker=ZIOC.GB.PL&share=Zanaga-Iron-Ore-Company-Limited
If Sundance are suing for $US1.5B to $US5.7B dependent on iron price used. What does that make Zanaga worth? 💰
‘Sundance’s High Grade Mineral Reserves currently total 517 Mt at 62.2% Fe for Stage One of the Project. ‘
I think China had their chance with COIDIC and pulled back on it, that’s why the port is looking likely to be built by AD Ports.
I would say it’s more likely that a conglomerate of companies will be put together to spread funding and spoils of Zanaga.
Whatever ever works though and the dinner the better for everyone here.
I just can’t see us going beyond the end of the year as we are.
Glencore have allowed the change in ownership of the company and loaned us money to be repaid by the end of the year.
They know what’s coming!!
From the RNS on 23 Nov 2022
Funding agreement
o In order to fund the Project's continuing work programme and budget, as well as the working capital requirements of ZIOC, until 31 December 2023, Glencore Projects has agreed to amend the terms of the Loan Agreement as follows:
§ increase in loan quantum from US$1.2 million to US$1.8 million;
§ extension of loan repayment date to 31 December 2023.
§ Jumelles may utilise up to US$200,000 of the loan facility to advance loans to ZIOC to fund its working capital.
“ I just hope there is some positive statements in the end of month update, and not just the usual copy/paste waffle.”
I think that unless there’s concrete news then it will be a copy and paste job. They are not going to jump the gun with an update and jeopardise any potential deals.
As part of its net-zero ambitions, the UAE plans to invest Dh600 billion ($163 billion) in clean and renewable energy sources over the next three decades. The country is gearing up to host the UN climate conference Cop28 in November, when up 70,000 delegates from all over the world will gather to tackle climate change.
https://www.thenationalnews.com/business/economy/2023/05/24/ad-ports-and-brazils-vale-to-develop-mega-hub-for-steel-industry-in-abu-dhabi/
What a way to showcase your new green steel industry in front of the world!!!