Member Info for Robjm66

“The PrimaryBid Offer, will be open to individual and institutional investors following the release of this Announcement. The PrimaryBid Offer is expected to close at 9.00 p.m. on 30 May 2023. The PrimaryBid Offer may close early if it is oversubscribed.” ???

Sorry Bear senior moment.

Thanks Bearcast.

HtTps://www.zawya.com/en/projects/mining/saudi-arabia-launches-207mln-geological-mapping-project-kpsx81k4 (Saudi mining)

htTps://www.ena.et/web/eng/w/eng_2863760 (Ethiopia general)

htTps://www.zawya.com/en/economy/gcc/saudi-arabia-uk-ink-collaboration-deal-on-critical-minerals-vzejdpwx (Saudi mining)

Https://www.arabnews.com/node/2310491/saudi-arabia (Uk Saudi mining)

https://www.gov.uk/government/news/kemi-badenoch-visits-gulf-to-boost-trade-ties

(Uk saudi mining)

https://www.zerohedge.com/markets/citigroup-projects-30-silver-next-6-12-months

(precious metals)

https://www.chinadaily.com.cn/a/202305/25/WS646f48dea310b6054fad51f2.html

(Ethiopia general)

https://oilprice.com/Latest-Energy-News/World-News/Billionaire-Mining-Investor-Says-Copper-Price-Plunge-Wont-Last.html (Copper)

Company could invite Ben Graham if he is available and cover his travel costs that way kefi gets a bit more coverage from a slightly different perspective and Ben can highlight his channel win/win his https://www.youtube.com/watch?v=xFAwFVOzg9s

Https://english.news.cn/20230521/86e1b832dd444269b60c9b728d9b9c5b/c.html (Ethiopia investment)

https://www.arabnews.com/node/2307476/business-economy (Saudi mining)

https://www.zerohedge.com/markets/dollar-woes-debt-denial-usa-screwed (Gold)

Would usually write it up but cannot as its zoom can someone else do a rough transcript this time please?

Https://kinesis.money/live-from-the-vault/rehypothecated-gold-hell/

24.28 minutes in. 1.4 billion Chinese (PBOC peoples bank of china)

Https://african.business/2023/05/apo-newsfeed/world-bank-group-statement-on-current-situation-in-ethiopia (Ethiopia general)

Addis Ababa, May 18, 2023 (FBC) – The Minister of Mines, Habtamu Tegegn has discussed with Ambassadors of Australia and Italy on how to enhance cooperation between Ethiopia and the respective countries in the mining sector.

The Minister of Mines, Engineer Habtamu met with the Australian Ambassador of Australia to Ethiopia Julia Niblett and the Italian Ambassador Agostino PALESE and held a discussion on ways of strengthening cooperation in the mining sector.

The minister assured the Ambassadors that the Government is committed to provide all necessary support to the mining companies of both countries interested to come to Ethiopia and invest in the mining sector.

The ambassadors, for their part, expressed their interest to work together with the Ministry to encourage the mining companies in their countries to come to Ethiopia and engage in the sector.

https://www.fanabc.com/english/ambassadors-vow-to-encourage-australian-italian-mining-companies-to-invest-in-ethiopia/ (Ethiopia mining)

https://www.thenationalnews.com/business/economy/2023/05/18/saudi-arabias-economy-supported-by-robust-government-balance-sheet-and-fiscal-buffers/ (Saudi mining)

HtTps://www.facebook.com/MinesandPetroleum

"Discussion was held with ambassadors from different countries regarding the issues they work together in the mining sector.

The Minister of Mining Engineer Habtamu Tegega has held a discussion with the Australian Ambassador Julia Niblet and Italian Ambassador Agostino Palesi on the issues they are working together in the mining sector. The minister told the ambassadors that the mining companies from both countries will come to Ethiopia and they will be provided all the necessary support to work in the sector. The ambassadors also came to Ethiopia. They have announced to the minister that they are."

Https://www.thenationalnews.com/business/economy/2023/05/16/saudi-arabias-maaden-buys-99-stake-in-ivanhoe-electric-for-1265m/ (Saudi mining)

https://www.fanabc.com/english/ethiopian-russian-geologists-will-unlock-potential-of-ethiopias-mineral-resources-official/?utm_source=rss&utm_medium=rss&utm_campaign=ethiopian-russian-geologists-will-unlock-potential-of-ethiopias-mineral-resources-official (Ethiopia mining)

Part two. So to us it feels like a wonderful recognition a pat on the back for our foresight and stamina but more particularly it opens the doorway to us with (after) a lot of effort to making our projects realities and that is a wonderful thing in both countries (that things are now taking off after a lot of effort both by the countries and kefi).

Transcript my comments in brackets as usual. Part one.

Interviewer kefi has been singing the prospectively of the Arabain Nubian shield since the company entered the country. Latest reports suggest that maybe the highest profile explorer Ivanhoe has launched one of the the largest exploration programs ever conducted. Whats the impact of this on kefi?

Harry its all good in that the Arabian Nubian shield has been known to the mining industry especially the Australian mining industry where we have similar geology for decades. Its always been geopolitics that determines the progress, kefi elected to jump into the Arabian nubian shield and into Ethiopia as well. We always had confidence in our ability to unlock discoveries which we have done and the world would wake up one day which it has now done (to Arabian nubian shield and Saudi mining potential).

Since 2008 we have spent thirteen fourteen years dong our ground work then all of a sudden we are a over night success and the whole world is jumping on board (the Saudi mining sector and the Arabian nubian shield area) so to us its a good thing.

Interviewer Perhaps moving to Ethiopia the local working environment has recently turned positive for the industry we had reports over the weekend suggesting that royalty fees on large scale mining projects could be cut down from seven percent to five percent we also have mps suggesting that the government has larger stakes in projects so how do you balance that it looks like good news as well as bad news?

Harry for us its only really good news because we have already brought the government in at both federal and regional level as shareholders they have large positions in the project they are partners and we did that very deliberately. Because we understand the importance of that to the community and the government and we dealt with this years ago and its now becoming a public issue so to speak but we have already dealt with that(reading the Article in the reporter it seemed more about the split in revenue between regional and national governments than anything else).

If the royalties are dropped its good news its only good for us and the industry (mining). It’s the same kind of thing as Saudi (what happened in Saudi) they are really activating their effort to attract mining capital explorers and developers and it now happening the governments are now working very hard to bring the world in and its happening. Its happening in Saudi Arabia and it will happen in Ethiopia and I both our projects are next in the queue in the countries, in both we have discoveries in both we have large ground positions (exploration portfolio and licence areas).

Https://events.masterinvestor.co.uk/events/master-investor-sector-focus-going-for-gold/

Https://twitter.com/kefiminerals/status/1658398067937165314/photo/1

https://us02web.zoom.us/webinar/register/2116841436821/WN_x0me8IX9SxC3gtp8DhDbOw

I cannot do zoom but hopefully they will put the webinar on line after its on there.

Actually a good news story reduction of royalties. The rest is local and national government haggling between themselves what share they get between them of the royalties not a rise in overall levels.

“The proposed "Mining Resources Development Proclamation" draft outlines that any holder of a mining license must provide the federal government with five percent equity in their mining investments at no cost.

Similarly, regional states where mining operations take place will receive a two percent equity stake at no cost.

The proposed proclamation seeks to decrease the royalty fees on large-scale mining from seven percent to five percent. ”

Notice the last line "Decrease".

htTps://www.thereporterethiopia.com/33923/

HtTps://www.arabnews.com/node/2303901/business-economy (Saudi mining)

https://www.mining.com/ivanhoe-electric-sets-up-jv-with-saudi-arabias-maaden/

Ivanhoe Electric (NYSE America, TSX: IE) is forming a 50/50 joint venture with Saudi Arabian miner Ma’aden to explore for metals considered key for the world’s energy transition in the Middle eastern country.

As part of the deal, Ma’aden will invest $126.5 million in Ivanhoe Electric equity, which grants the Gulf’s largest miner a 9.9% stake in the company, mining magnate Robert Friedland’s latest endeavour.

htTps://www.mining-journal.com/partners/partner-content/1452851/minerals-potential-using-data-to-make-the-arabian-shields-next-big-discovery

Mining has historically taken a back seat to the oil and gas sector in Saudi Arabia. However, all that is about to change, thanks to Crown Prince Mohammed bin Salman's Vision 2030, which aims to create a thriving mining and metals industry that leverages the Kingdom's rich mineral endowment - including the highly prospective Arabian Shield in western Saudi Arabia.

The National Geological Database aims to support the Kingdom's strategy and attract investment in its mining sector, by making geological, geochemical and geophysical data freely available to investors.

The availability of accurate data for the Arabian Shield and other promising mining areas will boost and accelerate exploration projects in these areas and provide the minerals the world desperately needs as it moves to clean energy.

https: //financialpost.com/pmn/business-pmn/jamjoom-pharma-owners-seek-up-to-336-million-saudi-ipo

The Riyadh initial public offering of generic drugmaker Jamjoom Pharmaceuticals Factory Co. got enough orders for all shares on offer within the first day of opening its books, a positive sign for what’s set to be the biggest listing in Saudi Arabia so far this year.

Https://www.ft.com/content/047ec397-631e-42b1-baf8-0789fa2cbe10

"It is the latest example of consolidation within the global mining industry as major companies look to buy promising operations to increase scale and exposure to critical minerals needed for the energy transition. Newmont’s move significantly increases its exposure to copper and follows BHP’s takeover of rival Oz Minerals, Rio Tinto’s buyout of Turquoise Hill and Allkem’s merger with Livent to create a more substantial lithium player."

HtTps://www.zerohedge.com/news/2023-05-10/drainage-chinas-new-gold-wallet-may-suck-western-gold-dry