focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
Https://www.facebook.com/MinesandPetroleum
Indian investors express interest in further mining.
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Mining minister Habtamu Tegeg/Engr) and higher officials of the ministry have held a discussion with Indian investors.
In their discussion, the options of investment in the sector in Ethiopia were explained to them. The government is committed to working with companies to develop the sector for investors in the sector.
Indian companies are working in mining and other sectors in Ethiopia and more companies have expressed interest in mining.
A delegation led by the Indian Chamber of Commerce and Industry is on an official visit to Ethiopia to work in mining and other sectors.
So that's two little visits in two days with Austria yesterday.
Simplest way is to damage the sentiment then buy when it dips then sell it off when it rises then rinse and repeat. Actually easier to do with smaller more volatile mining stocks. Its not a coincidence that you have the usual suspects sorry altruists all suddenly appearing at the time and disappearing at the same time . There are more complicated ways apparently was a more organised attempt reported a few weeks back though that was previous the recent rises so would not be surprised if having got burnt they have moved on.
Https://www.finanznachrichten.de/nachrichten-2024-02/61466135-allied-gold-corporation-allied-gold-announces-preliminary-2023-operating-results-2024-guidance-and-medium-term-outlook-highlighting-upside-to-its-s-008.htm
Kurmuk is expected to start production by mid-2026, contributing more than 175,000 ounces of gold to the latter half of the 2026 forecast. Significant exploration potential at near-mine locations around Dish Mountain and Ashashire, and the Tsenge prospect, supports a strategic mine life of at least 15 years at a mine-site AISC(1)Â below $950 per ounce. This expected performance is driven by increased throughput and unit costs savings, access to low-cost renewable energy supply and high grade ore near surface among others.
https://bnnbreaking.com/world/africa/perseus-mining-and-ajlan-bros-forge-new-frontiers-in-saudi-arabia-and-africa
Found these bits online have highlighted the AFC bits as it provides a window in to their thinking about investing into mining projects on the back of their meeting with kefi and the rest of the consortium a couple of weeks back.
https://www.youtube.com/watch?v=gVe1vxkOBqU Includes
Taiwo Okwor, Vice President, Investment, Africa Finance Corporation 5.50 14.04 25.42 30.03 41.56 44.52 (DFI development finance institution)
https://www.youtube.com/watch?v=azUyUye6hRA
Molebogeng Mazibuko, Mining Lead/Associate Vice President, Africa Finance Corporation 9.30 21.43 29.41 40.02 47.23 57.20 58.31 (SADC Southern African Development Community)
https://bnnbreaking.com/finance-nav/afcs-strategic-partnerships-a-new-era-for-africas-mining-sector
Public record that Artar decided to support kefi rather than play hardball and buy Kefi out so the whole argument is kind of how many angels can dance on a pin.
Obviously does not make sense for Artar to kill the goose that is laying the golden eggs discovery wise and replace them with someone that may or may not make the same level of discoveries and will want a slice anyway.
So the value of the Saudi side to kefi is down to the discoveries they make though if you are trading in and out of kefi you might be hoping kefi drops the ball at least long enough so you can get in at nice price. Then of course suddenly kefi will be the best thing since slice bread till you have sold and want to get back in again.
HtTps://twitter.com/MinistryofMine_/status/1760252051315949854
Minister of Mines H. E Habtamu Tegegne (Eng.) discussed with Austrian Ambassador to Ethiopia Dr. Simon Kenap. During the discussion, the two countries agreed to work together on mineral exploration and development, capacity building and training, technology and related issues.
Https://www.miningmx.com/top-story/55995-perseus-signs-gold-project-cooperation-deal-with-saudi-arabia/ Saudi mining
https://www.chemanalyst.com/NewsAndDeals/NewsDetails/kefi-gold-and-copper-unveils-third-deposit-discovery-in-saudi-arabia-25372
https://waltainfo.com/introduction-of-a-stock-market-exchange-in-ethiopia-to-be-a-game-changer-pm-abiy/ (General)
https://www.zerohedge.com/news/2024-02-20/gold-next-200-move-likely-be-higher-says-citi-analyst (gold)
https://pippenguin.com/news/stock-market-news/saudi-arabia-stocks-rise-al-masane-al-kobra-mining-leads-market-gains/
The highest-performing stock of the day was Al Masane Al Kobra Mining Company CJSC (AMAK), climbing an impressive 9.84% or 5.50 points to settle at 61.40 at the close
https://simplywall.st/stocks/sa/materials/sase-1322/al-masane-al-kobra-mining-shares/news/retail-investors-among-al-masane-al-kobra-mining-companys-ta-1
The trouble with listing in Canada and the US is you are against every other resource stock. As for London its losing ground especially in the mining sector. In Saudi you can shortcut the route to Kefi being a big miner as you will get mining money pile i like it did with Amak that has nearly a one and a half billon dollar market cap on probably less resources than kefi has. Then add the increased likelihood of kefi having its main HQ there on the back of the new tax breaks.
Think company missing a trick not setting out a road map to listing in Saudi at least as share price shot up here on the Amak listing.
Https://ebc.et/english/newsdetails.aspx?newsid=5934 Ethiopia investment
https://www.mining-technology.com/news/peru-greenlights-2bn-expansion-of-copper-mine/ (Copper)
Https://finance.yahoo.com/news/saudi-stock-exchange-says-foreigners-040000221.html
The operator of Saudi Arabia’s stock exchange said foreign investors’ exposure to the bourse isn’t high enough, showing that they’re missing out on returns that have beaten most emerging-market peers.
The operator is doing what it can to promote Saudi Arabian stocks by informing international investors about the market and its regulatory and operating framework, Al-Hussan said. It is also expanding its offering of securities to add depth, such as last year’s introduction of single stock options contracts.
Al-Hussan said there is more than enough liquidity to support new listings, with almost 60 applications under review.
Saudi Is the New China for Investors Hunting Down Growth
“The historical IPO coverages is just the testament of what is the capacity of the Saudi capital market,” Al-Hussan said. “What we have seen in previous IPOs, and the daily liquidity in the market gives us the confidence that the Saudi capital market, specifically the exchange, can strongly observe any required liquidity by any new IPOs coming.”
Https://www.sidf.gov.sa/en/ServicesforInvestors/Sectors/Pages/mining.aspx
Wadi Bidah is located between 220 km and 270 km southeast of Jeddah and about 50 km north of Ma’aden’s Al Hijar gold mine
https://ivanhoeelectric.com/news/ivanhoe-electric-and-saudi-arabian-mining-company-maaden-commence-joint-venture-exploration-activities-in-saudi-arabia/
Have to RNS is as soon as they have it and going to be under constant pressure from Artar to keep making discoveries as artar are still applying for new areas even though kefi have lots of areas already.
Https://en.maaal.com/archives/202402/amac-al-rajhi-capital-will-conduct-market-making-activities-for-shares-starting-sunday/
https://www.kefi-goldandcopper.com/files/presentations/kefi-investor-presentation-q1-2024-4feb24a.pdf comparison of kefi to Amak slide 27 (pre recent discoveries)
Https://www.youtube.com/watch?v=B7d88nJbycU Robert Friedland Ivanhoe Electric