George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
March 1st 2021
“received correspondence for... the development of up to 100MW of CBM”
“further discussions planned THIS WEEK... The Company aims to progress this matter AS QUICKLY AS POSSIBLE”
- - - - -
Regarding funding:
"We already have a great relationship with this group and look forward to working closely with them to get the process concluded successfully and AS SOON AS POSSIBBLE”
Great relationship = Botswana Public Officers Pension Fund who own 9.20% of TLOU at circa 7.5p average
- - - - -
Botswana Public Officers Pension Fund sets aside £195 million for local infrastructure.
“A company can come to partner for electricity, transmission of the electricity”
https://www.mmegi.bw/index.php?aid=87307&dir=2020/october/09
- - - - -
Tony Gilby: Tlou Energy CEO
Highly experienced in Coal Bed Methane??
Aligned with shareholders??
Highly experienced in selling companies for huge profit:
Founded Sunshine Gas Ltd
Sold for $1.1b
Arrow Energy sold to Shell for $3.5bn from $20m Mcap
March 1st 2021
“received correspondence for... the development of up to 100MW of CBM”
“further discussions planned THIS WEEK... The Company aims to progress this matter AS QUICKLY AS POSSIBLE”
- - - - -
Regarding funding:
"We already have a great relationship with this group and look forward to working closely with them to get the process concluded successfully and AS SOON AS POSSIBBLE”
Great relationship = Botswana Public Officers Pension Fund who own 9.20% of TLOU at circa 7.5p average
- - - - -
Botswana Public Officers Pension Fund sets aside £195 million for local infrastructure.
“A company can come to partner for electricity, transmission of the electricity”
https://www.mmegi.bw/index.php?aid=87307&dir=2020/october/09
- - - - -
Tony Gilby: Tlou Energy CEO
Highly experienced in Coal Bed Methane??
Aligned with shareholders??
Highly experienced in selling companies for huge profit:
Founded Sunshine Gas Ltd
Sold for $1.1b
Arrow Energy sold to Shell for $3.5bn from $20m Mcap
“As expected, the Company has received correspondence from advisors assisting the Government of Botswana in the execution of their Coal Bed Methane (CBM) program for the development of up to 100MW of CBM fueled pilot power plants.
This is a positive development with further discussions planned THIS WEEK. The Company aims to progress this matter AS QUICKLY AS POSSIBLE”
I think complete buyout with Glencore retaining marketing rights for x amount of iron ore.
Can see China making their move once Simandou blocks 1&2 sorted and under their control and then take over west African iron ore and be prices setters.
You’re welcome Mynytho. Is a legit website.
The website, China Ferroalloy Online is a portal based entirely on the Chinese ferroalloy industry. It provides information, promotion, trade, information and other comprehensive value-added services to global ferroalloy users. The website has more than 100,000 members.
Among them, foreign members account for 11%, and foreign trade companies and transnational distribution companies are mainly engaged in ferroalloy trade. The domestic members are mainly private iron alloy enterprises in the western region, and strong distributors and exporters in the eastern region.
October 31, 2019
****China's steel enterprises to build a globally competitive iron ore hub in Africa, with an annual production capacity of 100 million tons.****
At present, the fluctuation of iron ore price is largely independent of the change of steel market price, which brings huge risks to the operation of iron and steel enterprises, and the current effective hedging measures of steel enterprises are very limited.
****Chinese steel companies must realize that strengthening overseas iron ore production capacity is key to cracking the price of iron ore in China.****
The high iron ore price is the main reason for the rising cost and profit of Chinese steel companies.
From a global perspective, iron ore is not a scarce resource, but the quality of each resource is uneven, and high-quality iron ore projects that have sustained profitability in various market environments are even more difficult to find.
****A high-quality iron ore project must meet the following conditions:
1. large resource
2. long-term and large-scale mining for more than 30 years
3. iron ore mined with market-acceptable metallurgical properties and impurities
4. The cost of exporting major markets is competitive. ****
****Holding high-quality iron ore production capacity projects will significantly improve the continued profitability of steel companies. ****
****The construction of high-quality iron ore projects overseas will enable Chinese steel companies to replace low-grade iron ore with medium- and high-grade iron ore, and achieve “three-in-one” for energy conservation, emission reduction, and cost reduction.****
****In addition, the construction of high-quality iron ore projects overseas will not only enhance the competitiveness of China's steel industry in terms of cost and environmental protection, but also bring taxation, employment, personnel training, infrastructure construction and social and economic development to the country where the project is located. Real benefits, to achieve mutual benefit and win-win.****
****Central and Western Africa has certain investment potential****
Overseas iron ore prices have gradually returned to rationality, which has brought opportunities for Chinese steel companies to invest in overseas iron ore projects. From the perspective of investment destinations, Chinese investors are more likely to obtain high-quality iron ore in emerging iron ore producing areas that lack infrastructure but have high investment risks, compared to Australia and Brazil, which have been deeply rooted by international iron ore giants.
Oct 31st 2019
Title: Strengthening overseas iron ore production capacity investment is the key in resolving the iron ore price dilemma in China
“China's steel enterprises to build a globally competitive iron ore centre in Africa”
“Chinese steel companies must realize that strengthening overseas iron ore production capacity is key to cracking the price of iron ore in China”
“Central and Western Africa has certain investment potential”
https://m.cnfeol.com/Article/1703081.aspx
Precisely Sidney.
When the minister of mines is talking about the development of an iron ore mine in a country we are invested in and also says the development is linked to diversification of the economy, a similar theme to the forum next week (which Zanaga will be attending at the invitation from CDB who will be funding the PN SEZ), I think it’s a good idea to take notice.
Link not working properly but on same website there’s an article yesterday regarding Avima titled “Le fer d'Avima exporté par camion via Kribi fin 2019” helping you with your vagueness of timeframes.
https://www.africaintelligence.fr/amf/premier-cercle/2019/09/03/le-fer-d-avima-exporte-par-camion-via-kribi-fin-2019,108370615-art
2 July 2019
Meeting in Changsha, advocated the financing of:
1. PN SEZ
2. Sounda Dam
3. Rehabilitation of CFCO railway
Meetings with leaders and investors organised by Chinese bank.
http://maetgt.org/2019/07/02/une-delegation-gouvernementale-prend-part-a-lexposition-de-changsha/
Now we have Forum in Brazzaville with ‘signing of big contracts’ on the morning of September 10th.
Meeting hosted by China Development Bank and World Bank.
Game on.
March 25th 2019:
Pointe-Noire Special Economic Zone: signing of an agreement for the supply of electricity from gas.
The next steps concern “the development of related projects, with the construction of the PORT, the power station and the gas infrastructure.”
———————
Early April 2019. China Railways 20:
Sounda dam developments.
“The President has given the order to move forward as quickly as possible. The China Railways 20 is ready to start the work and to realize the Congolese dream to see this dam completed”
———————
April 2019 article in Chinese regarding iron ore.
“China is no longer the same as it has been, and has gradually reduced the import of iron ore, and reached an agreement on mining resources in Indonesia, Ghana, CONGO and other countries.”
“Once China really reduces its dependence on iron ore imports from Australia and OBTAINS MORE MINERAL RESOURCE EXPLOITATION RIGHTS FROM OTHER COUNTRIES, the good days of Australian mining giants are really coming to an end.”
———————
April 29th China and RoC signed debt deal.
———————
June 10th Chinese Assistant Foreign Minister Chen Xiaodong.
“announced to the Congolese head of state the IMMINENT resumption of projects stopped because of Congo's trade debt to China. Just as he confirmed the support of his country in the construction of the special economic zone of Pointe-Noire.”
———————
2nd Focac meeting June 2019 Changsha:
“The Minister of Planning, Territorial Equipment and Major Works, Jean Jacques BOUYA, presented the ambitions of President Dénis SASSOU NGUESSO to develop ambitious projects for his country by putting a bilateral cooperation with China and advocated the FINANCING of the Pointe Noire Special Economic Zone, the rehabilitation of the CFCO, the Sounda dam, in an economic model called "invest build, manage. During this meeting of Sino-African trade relations, Minister BOUYA also took part in meetings between leaders and investors, organized by Industry and Commercial Bank of China and its partners, during which contacts for direct business has been established.”
“The President of the Republic of Congo said that the challenge of a diversified and significant production in this economic sector must be accompanied by resolute action by the government. For this, infrastructure will have to be made available to the mining sector for a profitable economic return.”
———————
Economic and Commercial Office of the Embassy of Congo
July 16th 2019:
“The conclusion of the agreement (IMF) will help Congo (Brazzaville) and other financial institutions to carry out rescue negotiations and promote the economic recovery.”
Mynytho. Great post and I fully agree.
Why continue to pay the Australians?
Exactly what China is moving away from as per this article in Chinese...
“Since China is the world's number one steel producer, the demand for iron ore is huge. Although China's iron ore reserves are abundant, 94% of them are lean ore, and the cost of refining high grade ore is extremely high. As the world's largest steel producer, China consumes two-thirds of the world's iron ore every year.
Since the tragedy of Vale, the annual production capacity of over 90 million tons has been shut down. Shares of its competitors, especially in Australia, the largest mining country, have soared, including BHP Billiton, Rio Tinto and Fortescue.
There is no doubt that they will benefit from an environment of rising prices, but it may be difficult to increase production. Among the major producers, only Rio Tinto can significantly increase its supply.
However, China is no longer the same as it has been, and has gradually reduced the import of iron ore, and reached an agreement on mining resources in Indonesia, Ghana, CONGO and other countries.
The latest news: According to foreign media reports, the Republic of the Congo exported iron ore for the first time on April 19. The export volume was 23,000 tons and the destination was China. In 2017, Sapro SA, a subsidiary of Congo's billionaire Paul Obambi, started production at the Mayoko iron ore mine in the southwestern part of the country, with an estimated annual capacity of the mine by 2022 will reach 12 million tons.
Earlier, Australia took advantage of its own "privilege" to control the price of iron ore, often raising the price of iron ore in order to break this situation. In addition to the Chinese iron ore futures launched in May last year, our country has deliberately reduced its dependence on Australian iron ore.
In this regard, at the Iron Ore and Steel Forecast Conference held in Perth in March this year, analyst Mori said: As China's self-sufficiency in iron ore is enhanced, it is expected that in the next five years, imports will drop from the current 1 billion tons to 600 million tons, a drop of 40%, and Australia will suffer heavy losses!
Once China really reduces its dependence on iron ore imports and obtain more mineral resource exploitation rights from other countries, the good days of Australian mining giants are really coming to an end.”
https://baijiahao.baidu.com/s?id=1631776432843902720&wfr=spider&for=pc&sa=vs_ob_realtime&isFailFlag=1