Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
Extrader - Ref. Sapro / Glencore offtake agreement.
I do not have further information other than what was said by Paul Obambi at the PPP forum last May. Florent Lager, Glencore’s Rep., who also happens to be President of the R.O.C. mining federation, was one of the speakers.
My previous post bellow:
Here is a presentation of Sapro Mayako , Zanaga and Soremi during the PPP forum:
https://m.youtube.com/watch?v=SQHEGL8TkPA
Paul Obambi confirms that a 15 mt / year offtake agreement has been signed between Sapro and Glencore. That’s a lot of ore for Mayko alone…
DYOR
Mattradio
2022 Annual investor update.
https://www.glencore.com/investors/2022-investor-update
6th presentation slide says:
Zanaga Iron Ore: Sale pending…!
DYOR
A bit of publicity doesn’t hurt. It’s a long time since Zanaga got a mention in the specialised press.
https://www.mining.com/zanaga-iron-ore-shares-soar-after-buying-glencores-project/
GLA LTH
Today’s announcement is not great news for us PI’s.
I can now see Sapro / Paul Obambi acquiring 100% of the Zanaga project for peanuts…. Sapro has a 15mt/year offtake agreement in place with Glencore.
IMO - Just guessing / speculating.
GLA
A good summary here:
https://www.proactiveinvestors.co.uk/companies/news/999177/zanaga-iron-ore-inks-deal-to-acquire-100-of-zanaga-iron-ore-project-999177.html
GLA
Laying of the first stone by the Congolese president tomorrow, 12th November at 11am.
There was also some interesting posts this week on the ZES ministry’ Facebook account regarding design, development, financing and launch of works by the Arise IIP group.
https://www.facebook.com/zes.gouv.cg/
From the Evraz website:
https://www.evraz.com/en/share-certificates/#accordion-question-11
GLA
‘In a nutshell its what UK Govt is saying that's important legally, not Evraz’
Exactly. If you are living in the British Iles or a UK citizen living anywhere in the World, you are not allowed to deal with a sanctioned company’
GLA
I’m still undecided. If going for the certificate option, how do people feel about having their personal and bank details held directly by Evraz ?
Would you be breaking sanctions rules as an individual for being in direct contact with a ‘Russian’ company ?
GLA.
Veteran10, I agree.
Anyone on here remembers this ?
https://mobile.twitter.com/brett_l_carter/status/969719560705200128
GLA