Member Info for Robjm66

Https://www.zerohedge.com/precious-metals/expect-gold-shine-2025

https://www.horndiplomat.com/2025/02/ethiopia-and-uk-pledge-to-strengthen-bilateral-ties-at-g20-ministerial-meeting/

https://kalkinemedia.com/uk/news/basic-materials/kefi-gold-and-copper-plc-charting-new-paths-in-global-mining-expansion

https://www.bizbahrain.com/alba-announces-maaden-as-a-major-shareholder/

Artar not going to exit they are going to be looking to go faster and wider on its prospects if anything. That does not mean though Artar are the only possible buyer I can see a big mining operation doing a deal to have a strong hand in being Artars new exploration partner. Would likely even be worth it for some companies to put in last minute speculative offers.

Have cut off in Saudi in a week for bids every so every tick up or down in the gold price... i could explain why a gold revaluation or billions coming from Chinese insurance companies would boost the gold price but would think most people get it.

HtTps://www.gold.org/news-and-events/press-releases/chinas-insurance-funds-inject-new-vitality-global-and-domestic-gold

HtTps://www.youtube.com/watch?v=UoEe4qn1a-E (live from the vault gold)

Anagnostaras-Adams also discussed the upcoming resource update for Jibal Qutman, which was previously estimated at 700,000 ounces and is expected to increase, improving resource classification.

the announced resource update for the Hawiah Project mean for the project specifically?

Harry Anagnostaras-Adams: Well, it means the combined resources of the full metals reported is about 3.00 million ounces of gold equivalent.

That’s correct. The London market is not as interested in development funding as it used to be, so we are focusing on securing development funding at the subsidiary and regional levels.

Our banking partners were in Addis Ababa for meetings, and while there are no immediate changes to report, our project financing plans remain on track. The momentum is continuing as expected, which is reassuring for us on the ground.

Hi SB i just copy pasted the dailymail comment but it in line with Trump "Drill bay Drill" philosophy though that probably meant oil. As for rare Earths they are not rare or earths https://www.bbc.co.uk/news/magazine-26687605

The City must fight back as undervalued miners look for a US bonanza, says MAGGIE PAGANO | This is Money

From this is money in the daily Mail today.

“Yet there’s no doubt there is a profound shift in the centre of gravity taking place in the natural resources and mining sectors. Just look at the gold price, up again at another peak, as are so many other base metals.

It’s not been spelled out yet, but it’s obvious that US President Donald Trump’s support for fossil fuels, restoring manufacturing and his ambition to lead the world in AI, will trigger a greater appetite by US industry for raw materials and, more crucially, rare earth minerals.

If Trump cuts a deal with Ukraine over the exploration of the country’s vast store of rare earth minerals such as lithium – said to be worth trillions of dollars – then the US is where these mining groups will want to be listed. Follow the money.”

Https://www.juniorminingnetwork.com/junior-miner-news/press-releases/3290-tsx/aauc/175611-allied-gold-announces-2025-guidance-and-near-term-outlook.html

At Kurmuk, earthworks and structural fills at the plant terrace are near completion, while civil works and SMPP (structural, mechanical, plate, and piping) contractor mobilizations are in progress. Main camp construction, along with engineering and procurement activities remain on track and on budget. Mining activities are planned to start in the latter part of the first quarter and continue through the year and into 2026 with the objective of preparing the mine and building ore stockpiles to support the start of operations. Capital expenditures of US$280 million are anticipated for Kurmuk in 2025, with the remaining capital to completion and the first gold planned for the first half of 2026. Kurmuk is expected to deliver 175,000 gold ounces for the partial year of production in 2026, an average production level of approximately 290,000 gold ounces per annum over the first four years and 240,000 gold ounces per annum over the life of the mine at industry-leading All-In Sustaining Costs(1) ("AISC") costs below US$950 per ounce.

Kurmuk is expected to start production by mid-2026, contributing an estimated 175,000 ounces of gold to the latter half of the 2026 forecast. For 2027 and 2028, the mine is expected to increase production sequentially year over year, with an average target production of approximately 265,000 ounces over that period and nearly 290,000 ounces per annum on average over the first four years of production. Significant exploration potential at near-mine locations around Dish Mountain and Ashashire, along with the regional Tsenge prospect and other targets, supports a strategic mine life of at least 15 years at a mine-site AISC(1) below US$950 per ounce.

https://www.zawya.com/en/capital-markets/equities/sico-executes-maaden-siic-96318mln-alba-share-deal-ii93l5zl

Ethiopia general

https://www.youtube.com/watch?v=QwJP8BImRr4

Ethiopia general

https://x.com/ukinethiopia?lang=en

https://www.theguardian.com/global-development/ng-interactive/2025/feb/21/the-impact-has-been-devastating-how-usaid-freeze-sent-shockwaves-through-ethiopia

Wonder if we could see a access to minerals deal in exchange for aid in the future considering what trump was suggesting for Ukraine?

Either way can see states that get aid having to become more self sufficient and develop the assets they have.

Https://allafrica.com/stories/202502200031.html

In her remark made at the Ethiopian Securities Exchange (ESX) this afternoon, the deputy PM commended the commencement of ESX, opening up of the nation's market and the overall economic reform.

She reaffirmed UK's continued commitment for the realization of Ethiopia's ongoing economic reform agenda.

During the occasion, Minister of Finance Ahmed Shide for his part lauded the exceptional partnership of Ethiopia and UK as the partnership is instrumental to help Ethiopia's growth trajectory.

Acknowledging the support from the government of United Kingdom to the private sector and Ethiopia's economic reform agenda, the minister said Ethiopia will continue deepening and sustaining its partnership with the UK.

Https://www.dailymail.co.uk/news/article-14405941/What-housebuilding-drive-Angela-Rayner-accused-ignoring-domestic-duties-favour-swanning-world-Deputy-PM-jets-tour-Africa.html

'UK companies have played an important role in deepening financial markets in Ethiopia, drawing on London's strength as a global financial hub.” Confirms Harry talking about UK helping the ESX.

https://www.tradingview.com/news/reuters.com,2025:newsml_L5N3P80E6:0-ethiopia-bondholders-say-imf-report-artificially-creates-solvency-issue/

Ironically as the economy doing better bondholders want more money.

https://*************.com/views/79028/tom-winnifrith-bearcast-no-2-how-i-look-forward-to-selling-kefi-to-avoid-any-more-grief-but-not-yet

Any comments. Yeah it was more than four years ago.

What shortfall?

"Harry, you also mentioned the expressions of interest in the EthioBonds. Tell us about them and how they will form part of the project financing..

..and now we are inviting Ethiopian institutional investors—mainly insurance companies and high-net-worth offices—to invest in gold-linked investments using local currency, the Ethiopian Birr.

This is a unique opportunity for them to hedge against currency devaluation. We've received expressions of interest for $30 million from local investors. Now, we are preparing to list these bonds on Ethiopia’s newly created stock exchange. This will be a private placement targeted at sophisticated investors, so it does not require a retail prospectus…

..For local investors, the main appeal is the hedge against the Birr rather than the gold price itself. The key benefit is the US dollar link, but there is also upside if gold prices increase further. Ethiopian citizens and companies are typically not allowed to invest outside the country, so this offers them a secure, local investment that protects against devaluation, with a potential gold-linked kicker if prices rise."

Cut of for bids for Saudi is the end of this month so its actually good news that they expect good news on both areas in tandem.

Looks like we will get a JQ update resource increase before the cut of at the end of the month. TK still on track.

Https://www.youtube.com/watch?v=_pK8w2Sy7uo

Https://www.proactiveinvestors.co.uk/companies/news/1066419/kefi-gold-and-copper-reports-significant-resource-upgrade-for-saudi-project-1066419.html

https://www.kitco.com/price/base-metals/copper

Copper price doing well.

https://www.zawya.com/en/projects/mining/maadens-74bln-phosphate-3-project-construction-work-launched-y9jciqoj

https://www.zawya.com/en/projects/industry/maadens-investments-in-saudi-phosphate-projects-top-21bln-tg04dopa

https://www.arabnews.com/node/2590571/business-economy (Saudi mining)

https://www.mining.com/web/maaden-raises-1-25-billion-from-bond-sale-to-fund-mining-growth/

Its funny scepticism over how much kefi will get for Saudi when billions are being thrown around in Saudi.

"KEFI is continuing to progress the strategic review of its GMCO holding, which we are targeting to be resolved in tandem with the launch of Tulu Kapi. KEFI has made it clear that the priority for its capital is to now optimise shareholder value via majority-owned projects."

Total Combined Hawiah Project Mineral Resources increased by 26% to 38.2Mt,

including 14.7Mt in Open-Pit Scenarios

Indicated Resources increased by 161%,

representing 85% of total Combined Hawiah Project Resources

GMCO appointed The MSA Group (Pty) Ltd ("MSA") as the Independent Consultants…the Hawiah and Al Godeyer MREs were recently signed off by MSA and then reviewed by GMCO and KEFI.

Basically means kefi should get more for its Saudi prospects.

I would think Angela would be covering the new ESX, Trump suspending some foreign aid, possible South African tariffs and the Ethiopian mining sector or more realistically the accompanying civil servants doing all the work.