Coincidences? I think not.
I emailed Martin Fewings, investor relations at Glencore earlier in the week to ask about Zanaga/Jumelles and potential tie ups with the Saudis.
His response was a brush off:
“ We sold our stake in Zanaga to ZIOC in late November 2022. ZIOC now owns 100% of the project.”
He’s not come back to my follow up that Glencore is now the biggest shareholder of ZIOC and has tagged on marketing rights.
Make of it what you will, but I think he can’t/won’t speak about it and wanted to throw me off the scent.
Great stuff MM.
I see that Glencore are also busy signing off take agreements with Saudi firms.
“Saudi AMAK inks offtake contract for zinc, copper concentrates with Swiss firm
The multi-year offtake contract was signed with Glencore International”
https://www.zawya.com/en/projects/mining/saudi-amak-inks-offtake-contract-for-zinc-copper-concentrates-with-swiss-firm-cv50rdcz?amp=1
I hope everybody had a great Bank Holiday weekend.
This week could see new 52 week highs with a strong start today with both feet over 10p.
Lots of activity happening in the push for green steel !!!
GLA Holders, the tide seems to be turning in our favour.
Remember the tide waits for no man so if your looking in, now is the time to buy!!!!