Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Plump profits (after all costs) are obviously going to be connected to the share of TK.
htTps://www.kefi-goldandcopper.com/files/presentations/kefi-swiss-mining-institute-20mar24.pdf slide 10 “The expected beneficial interest of KEFI in TKGM is c.70%.”
As for profits themselves depends on the price of gold at production bar an offtake arrangement personally would not be surprised to see three or four thousand gold by then (maybe even more) and breakeven cost at the moment are 1254, depending on the gold price how many billons in total revenue before costs. Possible that due to the higher gold price the pit expansion (as TK is open at depth) happens earlier.
Https://gulfnews.com/business/markets/saudi-mining-giant-maaden-to-raise-stake-in-phosphate-entity-after-deal-with-the-mosaic-co-1.1714461992894
https://www.mining.com/mosaic-sells-saudi-jv-stake-to-maaden-in-1-5-billion-deal/
https://www.zerohedge.com/news/2024-04-30/ross-norman-golds-record-highs-driven-china-what-happens-now
https://www.zerohedge.com/markets/gold-flowers-amid-april-stagflation-showers-stocks-bonds-crypto-crushed
https://www.zerohedge.com/political/von-greyerz-real-move-gold-silver-yet-start
https://www.zerohedge.com/commodities/only-safe-asset-chinese-consumers-overtake-india-gold-buying-frenzy
https://www.dailymail.co.uk/news/article-13367007/China-buys-huge-135billion-stockpile-gold-raising-fears-Beijing-preparing-invade-Taiwan-protect-economy-event-Western-sanctions.html
Picture changed on copper and M & A activity that after there has been a sea change on gold kefi second and third man projects are gold and copper the clue is in the name of the company "kefi gold and copper".
You never do FU2.
https://www.bnnbloomberg.ca/video/ivanhoe-mines-presses-ahead-with-expansion-that-will-make-it-a-world-power-in-copper~2873800
https://globelynews.com/world/copper-is-king-inside-the-global-dash-for-this-critical-metal/
https://www.bnnbloomberg.ca/video/rick-rule-discusses-ivanhoe-mines~2392154
https://gfmag.com/capital-raising-corporate-finance/mining-mergers-acquisitions-intensifies-reunion-gold/
https://www.leaders-mena.com/saudi-arabia-to-secure-lithium-for-ev-production/
(20 of April Facebook MoM page) Ministry of Mines reiterates that the local news published about Kurmuk Gold Mine is inaccurate. All company Licenses are valid, and the work program endorsed by the Ministry is being reviewed constantly to ensure all the activities are inline with the plan. Ministry of Mines is pleased with the progress made by Kurmuk Gold Mine and fully supports to finalize the remaining activities which will make it the largest gold mine company in Ethiopia when it commences production soon. Official response will be issued by the Ministry soon.
Https://www.theafricareport.com/345997/ethiopian-mining-can-become-largest-gdp-contributor-driven-by-airborne-geological-mapping/
https://www.thereporterethiopia.com/39850/ (Ethiopian mining)
https://www.zerohedge.com/news/2024-04-28/why-gold-why-now
https://uk.finance.yahoo.com/news/bhp-mega-bid-10-000-160016012.html
https://www.youtube.com/watch?v=IOMpfCnAdJ8 (M & A mining)
https://www.youtube.com/watch?v=IVAP9S4tCsM (M & A mining)
https://www.fanabc.com/english/uk-reaffirms-commitment-to-ongoing-economic-reform-program-in-ethiopia/
From the lse thread Sharezy
htTps://www.ethiojobs.net/display-job/531722/Logistics-Superintendent.html?searchId=1714125240.0627&page=1
Guess the relvence is it a logistics job that involes shipping things to TK,
another job that involves preparation for and resettlement Project and construction of mine administration and accommodation infrastructure all the jobs seem connected to the launch of TK in one way or another.
Https://source.benchmarkminerals.com/article/copper-underpins-bhps-39-billion-anglo-american-takeover-offer
https://www.bbc.co.uk/news/articles/czrxm4pljlwo
https://www.ft.com/content/ca336820-c0d3-400b-8ed3-666f4caec2b7
The big prize for BHP, the world’s biggest mining group, is taking its rival’s prized copper mines, as well as bolstering its position in iron ore and metallurgical coal; two key steelmaking ingredients.
The world’s largest miners have made it no secret that they want to grow in copper. The highly conductive metal is predicted to have massive shortages in the coming years as demand surges for renewables, power grids and electrical cars. Yet prices are too low for miners to develop new mines. The industry’s top executives are all betting on a price surge in the years ahead.
HtTps://www.zerohedge.com/commodities/bhp-proposes-39-billion-takeover-over-anglo-form-copper-mining-giant (copper)
About a year ago, billionaire mining investor Robert Friedland explained to Bloomberg TV in an interview that copper prices are set to soar because the mining industry is failing to increase supply ahead of 'accelerating demand.' He warned:
"We're heading for a train wreck here."
Friedland is the founder of Ivanhoe Mines Ltd. He continued, "My fear is that when push finally comes to shove," copper prices might explode ten times.
Second bank working through to a yea or nay or it might inform kefi it wants a couple more boxes ticked before a decision all of which it will do at its own pace.
Yes things do take a long time in Africa, yes it does take a long time to do stuff in mining and it takes along time to put together a deal with a lot of moving parts in country which till recently had not much of an international mining industry.
Overall though Ethiopia needs the money and the African banks are committed to African investments and the economics of TK are the best they have every been.
HtTps://www.youtube.com/watch?v=8OL1vWVj_7I&list=PLE1y8hGSqr8ar1gKUdfqFDK5ygLIlrdmz&index=1 live from the vault (gold)
htTps://www.bnnbloomberg.ca/investing/video/ivanhoe-mines-founder-copper-market-weakness-is-temporary~2694067
htTps://www.cruxinvestor.com/posts/perseus-mining-rapidly-expanding-gold-growth-story (Saudi and african mining last five minutes Saudi)
htTps://www.zerohedge.com/news/2024-04-19/why-gold-shrugging-rates-and-inflation
Https://www.mining.com/sponsored-content/ivanhoe-electric-and-saudi-arabian-mining-company-maaden-complete-first-full-quarter-of-exploration-activities-in-saudi-arabia/
early exploration work will start in the second quarter at the ‘Gehab’ prospect in the Wadi Bidah Belt area located between 220 km and 270 km southeast of Jeddah.
https://english.news.cn/20240418/92937ebe5de746b5b53030b54c2ebe40/c.html
(Ethiopia general)
https://www.ena.et/web/eng/w/eng_4317724 (Ethiopia general)
https://www.miningweekly.com/article/rio-saudi-arabia-said-to-vie-for-stake-in-first-quantum-mines-2024-04-18 (Saudi African mining)
https://www.deccanherald.com/business/companies/uae-giant-eyes-majority-stake-in-vedantas-zambian-mines-in-expansion-drive-2985355 (Saudi African mining)
Ethiopia joined a year ago but AFC have been in the news recenlty.
https://newbusinessethiopia.com/finance/africa-finance-corporation-raises-1-16-billion/
https://punchng.com/afc-assets-hit-12-34bn/
Https://www.youtube.com/watch?v=PBjDFUxNymQ (Saudi mining)
https://economymiddleeast.com/news/410-billion-in-investments-propel-saudi-arabias-mining-sector-growth/
https://www.msn.com/en-ae/news/other/imf-raises-growth-forecast-for-saudi-economy-to-6-in-2025/ar-BB1lKQcX (saudi general)
https://quoththeraven.substack.com/p/the-federal-reserve-is-clearly-trapped (gold)
https://www.zerohedge.com/news/2024-04-16/hard-money-heat-check (gold)
https://www.zerohedge.com/markets/golds-resilience-shows-currency-crisis-isnt-far-away