Member Info for Robjm66

(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.

All the projects listed there are projects post launch with the amount given or loaned listed and its down to the AFC now.

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

HtTps://www.proactiveinvestors.com/companies/news/1045321/copper-nickel-prices-could-benefit-from-russian-metals-ban-analyst-1045321.html (copper)

Replied to posts on advfn but not going to bore peoples pants off here I can safely leave that the TCM.

Already answered this on Advfn the poster is totally clueless about Ethiopia i would say use your own material but maybe not.

Https:// /views/73988/okay-here-is-that-arry-adams-of-kefi-video

The Saudis are pragmatic and not going to be dragged into any crusade or jihad. Overall I would say Saudi is more stable than the UK and the US. They are not going to be dragged into armed conflicts as they know how messy they can get due to their past experience in Yemen have less law breaking the regime is firmly in charge and their economy is not a shambles and you do not have the culture wars that are happening here and in the US.

The general policy there seems to be a bit like Trumps make America great again except they probably think their country is already great.

Put a fuller response on the Israel situation on advfn but basically played out better than could be expected and with most of the projectiles shot down so Israel now having room for a measured response.

Back to kefi unusual that kefi put out a presentation along with a proactive piece guess the have done so as the gold price means the underlying conditions have changed for kefi..

Tulu Kapi Gold Project - NPV at $2,166/oz is 7.8 pence per KEFI share (still does not reflect the current gold price but better)

In-situ value of KEFI’s gold is US$3.6B at today’s spot.

Saudi Arabia Projects - value indicator at $1,500/oz gold-equiv production 1.2p:

(Well not about to start producing from JQ will need DFS done first but when it does start producing gold price could well be a multiple of 1500.)

Continue arranging development financing at level of operating company

Regional Stock Exchange Initiatives for Growth Pipeline (kind of mixed messages here but maybe that is the idea see which country offers the best deal).

HtTps://www.aljazeera.com/news/liveblog/2024/4/13/israels-war-on-gaza-live-5-dead-dozens-injured-in-gaza-city-attack

hopefully behind the scenes saudi will be acting as an intermediary and trying to calm things ditto the chinese and the us. gold will go through the roof obviously short term longer term might trigger people to dump bitcoin and go into gold and gold stocks as a safe haven against political risk.

do not buy the world war three rhetoric but does not help that a lot of the political leaders we have are pretty useless so you have the worry that things could escalate due to them ****ing up.

Off topic

htTps://www.dailymail.co.uk/news/article-13305287/Israel-puts-military-alert-amid-fears-Iran-launch-attack-moment-School-trips-youth-activities-called-public-gathering-limited-dozens-warplanes-scrambled-air.html