Hidden kicker at COP2830 Nov 2023 18:22
From MM on the other board. Buckle in looks like the start of expected news flow.
There's potentially a huge and hidden kicker to Zanaga development coming up at COP28.
This October, when in the UAE, Little D's ministerial account revealed the UAE's desire to expedite a Free Trade Zone/Agreement between the 2 countries at COP28 on now:
(translated) "The two ministers also discussed the ongoing collaboration between Congo and @ADPortsGroup regarding the construction project of a state-of-the-art multipurpose terminal within the autonomous port of Pointe-Noire. After reviewing the progress of the said project, Minister Denis @ChristelSassou Nguesso requested support from the UAE government to guarantee its success.
The agreement aimed at the creation of a free trade zone between the Congo and the United Arab Emirates was also on the agenda of the discussions. Strongly desired by the UAE party, its signature should take place during the next COP."
https://twitter.com/CooperationCG/status/1710358575908786349
> There's huge significance to such an agreement, namely that UAE imports into CB (think mining materials) would be tariff and duty free, and crucially iron ore exports would similarly be tax, tariff and duty free.
>> FWIW I'm certain that ZIOC's BoD now have the EPC recostings in hand. The final piece of the jigsaw ahead of them being released is the tax and customs regime which would underpin the whole project finances.
>>> Big D arrived in Dubai earlier today, chauffeured by his now customary luxurious corporate jet, based in Dubai.
I reckon we need to stand by for the FTA signing which would set off a chain of reveals and news flow.