Member Info for marcusg71

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. ‘

Let’s hope you have a very very comfortable retirement then 👍

Dinner?? Should be sooner

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.

Wow that is an ace card. Potentially doubling the NPV!!! That is massive for any would be buyer.

BRICS meeting over the next few days. It’ll be interesting to see what news comes out.

What’s the Ace card up their sleeve MM?

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!!!

Like Eddsy, I’ll add as funds allow but already comfortable with my holding if anything where to happen out of the blue

All they need to do is secure the supply of high grade dri pellets.

I wonder whose got 30 million tonnes pa up for grabs??

Wow, nice find.

Abu Dhabi, UAE – 24 May 2023: AD Ports Group (ADX: ADPORTS), the leading facilitator of global trade, logistics and industry, announced today the signing of a Memorandum of Understanding (MoU) with the world’s largest producer of iron ore and nickel, and one of the largest logistics operators in Brazil, Vale S. A. (Vale), to develop a Mega Hub in Abu Dhabi for industrial complexes that produce low-carbon products for the steelmaking industry for both the local and seaborne markets, with a significant reduction of CO2 emissions.

The agreement will see an allocation of land and related services from KEZAD for the Mega Hub, in addition to the development and management of a state-of-the-art handling facility at Khalifa Port, capable of accommodating Valemax vessels with a handling capacity of up to 50 million tonnes of cargo per annum.

50 Million tonnes capacity!!!

https://www.adportsgroup.com/en/news-and-media/2023/05/24/ad-ports-group-and-vale-to-jointly-develop-low-carbon-mega-hubs-for-steel-industry

Yes as you say MM it opens up the Mayoko deposit and the beneficiaries (DSN cough) of that particular mining development.

The port opens the country and all the mining concessions, the benefits to the country are immense!!!

I’m hoping that the granting of the concession of the mole port to AD Ports is the catalyst for news on Zanaga.

News could just be around the corner.

Certainly lots going on.

Congolese president opens Chinese-built road project. President of the Republic of Congo Denis Sassou Nguesso

Brazzaville, Congo President of the Republic of the Congo Denis Sassou Nguesso on Saturday attended a ceremony for the opening of a road construction project launched by the China Road and Bridge Corporation (CRBC) in the country’s northern province of Sangha.

https://twitter.com/samsonnyimu5/status/1660299334674522113?s=46&t=4P-f0LNwNn90jlSdWwM2xg

They are both intertwined at this stage. Who ever buys Zanaga will undoubtedly buy Sapro-Mayoko!!

BRICS are meeting 2nd June regarding new members, highly touted that Saudi and UAE are looking to join.

What better statement would a Saudi and UAE tie up with Vale (Brazilian company) on the buying of Zanaga and associated infrastructure projects. BRICS wins all round in that.

It’s a no brainer for oil rich countries looking to diversify and spend some of their dollar cash reserve. Enhances their potential BRICS membership and gives them a massive upside.

Another great find MM.

More need for high grade DRI pellets!!!

Nice find Vet10

Pieces of the puzzle are slotting into place.

We could be in store for a big few weeks ahead.

GLA holders!