Member Info for schlemiel

Nm

Does this news have relevance in terms of value for CHAR's assets?

Related to CHAR

13.06.24

https://shafaq.com/en/Report/Iraq-s-ambitious-Development-Road-Project-Concerns-and-challenges

excerpt -

'Furthermore, Yildirim said that the KRG portion of the project faces frequent criticism from PUK leader Bafel Talabani and his allies, who question the KRG's gains amid the Talabani-Barzani rivalry. "The route between Al Faw and Ovaköy passes through Mosul's administrative borders, mainly avoiding the KRI due to its mountainous terrain. However, the project benefits the KRG by providing a significant rationale for the agreement on oil exports between Baghdad and Erbil and reducing the cost of imported goods to the KRG. The project motivates the parties to resolve the dispute between Baghdad and Erbil regarding oil and gas exports."

Wake up. It's not what's IN THE MANIFESTO but WHAT ISN'T. The intent is to undermine the NS sector and they'll slowly and surreptitiously chip away at its foundations

NET ZERO IS MARXISM THROUGH THE BACK DOOR.

Do not in anyway be persuaded or influenced by these CC clowns

Keep your investment small so that if news is disastrous then the damage is minimal

DO NOT GO ALL IN.

You can always buy back in if they save the company from the creditors

If CPI can turn this around and today's news (focused on efficiencies and driving up margins) points towards that then you should see good gains in the price

#LATEST: A source from the International Oil Companies (IOCs) in the Kurdistan Region tells Rudaw that the Iraqi government was "disingenuous" and "not willing to negotiate" during the tripartite meeting earlier this week in Baghdad.

The Iraqi government "just wanted companies to export at $6 a barrel, which is preposterous," the source said.

https://x.com/RudawEnglish/status/1800803206945005685

Https://www.kurdistan24.net/en/story/35358-KRG-Council-of-Ministers-to-discuss-four-key-issues

DK

I've never been to Ecuador. I live in the UK.

I have been a shareholder of SOLG, on and off, since the day it listed. Don't start me on Mather etc etc. The SOLG story has become a most tiresome spectacle that needs bringing to an end

Unlike you lazy feckers I'm an early riser!

It would help if the company detailed the financing plan of Cascabel's entire development. The final piece of the proverbial jigsaw

PIPELINE AND POWER PLANT

The prefeasibility study contemplates a pipeline to transport the mineralized material to Esmeraldas port in the country's north, from where it will be exported.

Sánchez said that the material will be transported via truck during the first years of operations, as permitting and pipeline construction are underway.

Pipeline construction is planned to begin in parallel with a plant expansion, expected to start in the sixth year.

The company also wants to build a US$400-500 million, 220MW hydroelectric plant, as well as a solar plant to ensure energy access in the face of potential supply problems, as happened earlier this year.

A preliminary agreement to begin negotiations with local company Semaica on the construction of the hydroelectric plant was signed in March.

BENEFITS

Under the contract with the State, SolGold will pay advance royalties of US$75mn, specifically US$25mn once construction starts and US$25mn each in 2027 and 2028.

The State expects to receive around US$6.7bn in benefits in the first 28 years, including income tax, labor participation, royalties and local taxes.

But these benefits are based on calculations that considered conservatively estimated prices of US$3.85/lb of copper and US$1,750/oz of gold.

Sánchez said the benefits for the State will likely be higher, considering current prices will rise due to the energy transition, which will require key minerals, fundamentally copper.

cont in paid form

Australia's SolGold plans to start production at the US$4.2 billion Cascabel project in Ecuador in 2030, with construction expected to begin in 2026.

Located in Imbabura province, the copper-gold-silver project will become a phased block cave mine and the investment will be made in two stages.

Last week, company representatives signed the extraction contract with state officials, paving the way for starting procedures to obtain the licenses that allow construction.

“Cascabel is not only a mining project; it is a symbol of innovation, sustainability and shared prosperity. It is a project that will last for generations, I would even like to say more than 100 years,” CEO Scott Caldwell said during an event on Tuesday in Quito to present the contract to sectors linked to the mining industry.

Prior to granting the environmental license, the environment ministry must carry out a consultation with residents in Lita, Santa Cecilia and La Carolina, communities that are in the area of influence.

SolGold does not expect problems, as “the communities are one of our great allies, and that is one of the competitive advantages of this project, in relation to others in Ecuador,” SolGold Ecuador VP Luis Mario Sánchez told the event.

Indigenous consultations are not required as the area is not populated by ancestral populations.

SolGold estimates that obtaining the permits could take around 18 months, so construction would begin in 2026.

The economic model under which the contract was negotiated contemplates a useful life of 28 years, enough to take advantage of 18% of the asset's resources, according to Sánchez.

Cascabel should produce 2.9Mt copper, 6.9Moz gold and 22Moz silver during the period.

Under the mining law, mining titles may be renewed for 25 years if they comply with certain requirements, and Sánchez said the company could renew the concession at least twice.

In accordance with the mining law, any arbitration disputes will be handled in Santiago de Chile under UNCTAD rules.

cont

Https://www.bnamericas.com/en/features/solgold-eyes-2030-production-start-of-us42bn-cascabel-project

Poods

Take care fella

'Parties reached understandings on changing contracts to profit participation & the Oil Ministry pledged to pay $1B in debt. Oil Ministry is awaiting KRG's approval to create the formal agreement.'

Is this kosher?

Roxi

Interesting perspective...could work

You can sense a deal is tantalisingly close but the ICG seem intent on punishment rather than cooperation..cnnuuts

'within a decade'...that's a tad odd. Why not immediately?