Member Info for marcusg71

If I Can Dream

And so peaceful until...Glencore accept a $bn offer ;-)

I think something will happen over the rest of the year. Can’t see Glencore giving us funds for long.

I wasn’t expecting the Glencore loan to happen. It’s had the cogs in my brain going all weekend. Why are they doing it? How long for? Are things moving and it’s just a short term loan till something happens?

Hopefully you’ll get some answers from AT in your call this week.

Should be due tomorrow. Let’s see what they have to say.

Might push China to get a wriggle on!

Hope it pays off for you. Good luck.

This is why we are all here. Zanaga has a 6.9 billion tonne Mineral Resource and a 2.1 billion tonne Ore Reserve. Lower set up & infrastructure costs than simandou.

It’s going to get mined and the Chinese will want it. It’s just a matter of when and for how much.

I’ll take £2

And another one

https://french.news.cn/20220601/0d07ee5627da43fd8437b145a66bdffc/c.html

BRAZZAVILLE, May 31 (Xinhua) -- The Government of the Republic of Congo signed Tuesday, on the sidelines of the first forum on public-private partnership, a memorandum of understanding with the ARISE group, a company owned by Olam International and Africa Finance Corporation, for the development of activities in the special economic zones (SEZs) of Pointe-Noire,

Signed between the Minister of International Cooperation and the Promotion of Public-Private Partnership, Denis Christel Sassou Nguesso and the Vice-President of Arise, Shailesh Barot, this protocol aims to build a mineral port in Pointe-Noire.

"Through this memorandum of understanding, we have just taken a first step towards carrying out studies in the two SEZs," said Congolese Minister in charge of SEZs Emile Ouosso, co-signatory of the memorandum of understanding, adding that after three months of studies, both parties will sign the memorandum of understanding for the effective start of work in Pointe-N

"This is an important step since our National Development Plan (NDP) has as its main objective the diversification of our economy. Among the six pillars of this NDP is the development of SEZs where we want to attract a number of investors," said the Minister of International Cooperation and the Promotion of Public-Private Partnership.

With a view to attracting private investment, the government organised, from 30 to 31 May in Kintélé in the northern suburbs of Brazzaville, Congolese capital, a forum on public-private partnership to encourage capital leaders to turn their eyes to Congo.

This first forum targets the sectors of agriculture, tourism, industrial development, special economic zones and real estate, which are priority axes of the five-year plan, also known as the PND 2022-2026.

This Plan aims to boost the development of the Congolese economy with a view to getting it out of high dependence on oil.

"It is a challenge that the government has set itself for the next five years. The country has significant potential. Out of nearly 10 million hectares of rich agricultural land, among the best on the continent, only about 4% are exploited," said Mr. Denis Christel Sassou Nguesso.

According to him, the government's current vision is to partner with private partners in a win-win approach to develop certain growth-creating economic sectors that create thousands of jobs. End

Go on then Alb1 what do you reckon the Glen offer will be for the shares?

Not really

Which is going to get there first?

“China’s Sinosteel Corp. has signed a $690 million contract to exploit an iron ore mine in southern Cameroon amid a push to cut Chinese reliance on Australian and Brazilian ore.

Sinosteel will produce 10 million tons of ore annually containing 33% iron from the Lobe mine“

“The Chinese company signed a 50-year contract with the central African government to exploit the Lobe deposit, which contains an estimated 632.8 million tons of iron ore.“

https://www.mining.com/web/sinosteel-signs-690-million-deal-for-cameroon-iron-ore-mine/

So what does this make us worth??

Interesting. I know it was part of the IMF conditions that they settled this.

Why’s that then?

When’s it happening?

I’m looking for 100p+

“we are more likely to be sellers of these projects”

+

GLENCORE has identified 10 assets it is looking to sell and has put a further 15 under review in terms of a portfolio simplification strategy which has seen it divest of seven assets this year including the Ernest Henry and Mopani copper operations.

=

£0-£3 per share

Here’s part of an email I received from Martin in March ‘21.

“As you may be aware, our iron ore projects in the Republic of Congo and Mauritania (inherited from Xstrata) are early stage and located in regions lacking necessary infrastructure. Given our preference to avoid the many development risks that attach to greenfield project development, we are more likely to be sellers of these projects. Our iron ore team continues to assess a range of opportunities in regard to the future of these projects. “

No I’ve not had anything recently but I have emailed him this week with no response as yet.