Tribe Technology set to deliver healthy pipeline of orders from Tier-One miners. Watch the video here.
Yet still you come around, Jiving, looking for free insights from your betters.
Ah, sorry Mitch - I get it now.
We have a massive outbreak of both.
As has been obvious for some time this board is potent source of research for ZIOC, perhaps the primary source. This being the case, numerous accounts visit - presumably because of the free, high quality research that guides and strengthens the ZIOC investment case. This is obvious from how new finds work their way into the accepted narrative, and stimulate comment elsewhere.
However the irony and hypocrisy is rampant. Having taken the free gifts on offer, a number of accounts then think they can be judgemental both here and elsewhere - doing *EXACTLY* what they accuse others. Laughable really, the lack of self-awareness. Ironic and hypercritical. Nobody is forced to come here so, if you do, at least have the good grace to accept it is because you want something for free and keep your opinions to yourselves.
There is one particular account I remember well from 2018 days. He arrived and proceeded to tell the world that the then ZIOC should be bought out of their 50%-1 position to force development. He didn't like it when it was pointed out that that wouldn't change a thing as Glencore would retain 50%+1 and executive control. He's as stupid now as he was then - and one of the judgemental ones.
Now, just remember this one simple fact - you are reading this because you want free research with which to make money. You're not paying for it, and you certainly don't call the tune.
Electricity and 'transformational projects' were discussed:
Le Président de la République, S.E.M @SassouNGuesso_
s’est entretenu avec une délégation de Banque mondiale, en marge des travaux de la #COP28 à Dubaï.
(Translated)
The President of the Republic, SEM @SassouNGuesso_
met with a World Bank delegation, on the sidelines of the #COP28 works in Dubai.
https://twitter.com/pr_congo/status/1731637651743137959?s=48&t=60eRygL_eW7qugsegAHYww
Nobody forces you to come here, Mitch.
Surged as markets opened in Far East over night - somewhere north of $2,150 was seen. Now $2,095.
Directly implies a loss of faith in the USD and fiat currencies more widely. Could and should trigger a rush for hard, unprintable, physical assets.
For SWFs, such as our friends at PIF, ADQ and the others in the Gulf, this should be a major spur to secure large and high grade mineral deposits. Think Zanaga.
4th time:
For the 4th time.... a look again at what the experts and insiders actually tweeted:
"A few days back Afreximbank gave Sapro Mayoko a $96m trade finance facility - SM being Zanaga's neighbours in Congo. If anybody knows development prospects then it would be them.
Then yesterday 'Afreximbank Trade Intelligence Solutions' tweeted this amazing thread, which I have spliced together (my CAPITALS):
1. INVESTMENT INTO AFRICA’S MINING AND METALS SECTORS WILL BE STRONG OVER 2023–2027, encouraged by high mineral prices. THE LARGEST MINING PROJECTS WILL FOCUS ON copper and IRON ORE, and to a slightly lesser extent on gold, platinum group metals and bauxite. Southern Africa will
2. remain the dominant mining sub-region due to the scale of South Africa’s mining industry. That said, growth in South Africa’s mining production will be slow. In contrast, there will be RAPID GROWTH IN WEST AND CENTRAL AFRICA. This will be due to new bauxite (Cameroon, Ghana and
3. Guinea), cobalt (the DRC), copper (the DRC) and IRON ORE (CAMEROON AND CONGO-BRAZZAVILLE) projects currently under development. In East Africa, Tanzania will be a growth hotspot due to investment in gold, nickel, cobalt, graphite and rare earth deposits.
1. https://twitter.com/Afrexim_TRIN/status/1730576747760931066
2. https://twitter.com/Afrexim_TRIN/status/1730576958776340872
3. https://twitter.com/Afrexim_TRIN/status/1730577186334130378
> INVESTMENT INTO AFRICA’S MINING AND METALS SECTORS WILL BE STRONG OVER 2023–2027...THE LARGEST MINING PROJECTS WILL FOCUS ON ... IRON ORE. ... there will be RAPID GROWTH IN WEST AND CENTRAL AFRICA due to IRON ORE (CAMEROON AND CONGO-BRAZZAVILLE)."
Keep slithering
For the 3rd time.... a look again at what the experts and insiders actually tweeted:
"A few days back Afreximbank gave Sapro Mayoko a $96m trade finance facility - SM being Zanaga's neighbours in Congo. If anybody knows development prospects then it would be them.
Then yesterday 'Afreximbank Trade Intelligence Solutions' tweeted this amazing thread, which I have spliced together (my CAPITALS):
1. INVESTMENT INTO AFRICA’S MINING AND METALS SECTORS WILL BE STRONG OVER 2023–2027, encouraged by high mineral prices. THE LARGEST MINING PROJECTS WILL FOCUS ON copper and IRON ORE, and to a slightly lesser extent on gold, platinum group metals and bauxite. Southern Africa will
2. remain the dominant mining sub-region due to the scale of South Africa’s mining industry. That said, growth in South Africa’s mining production will be slow. In contrast, there will be RAPID GROWTH IN WEST AND CENTRAL AFRICA. This will be due to new bauxite (Cameroon, Ghana and
3. Guinea), cobalt (the DRC), copper (the DRC) and IRON ORE (CAMEROON AND CONGO-BRAZZAVILLE) projects currently under development. In East Africa, Tanzania will be a growth hotspot due to investment in gold, nickel, cobalt, graphite and rare earth deposits.
1. https://twitter.com/Afrexim_TRIN/status/1730576747760931066
2. https://twitter.com/Afrexim_TRIN/status/1730576958776340872
3. https://twitter.com/Afrexim_TRIN/status/1730577186334130378
> INVESTMENT INTO AFRICA’S MINING AND METALS SECTORS WILL BE STRONG OVER 2023–2027...THE LARGEST MINING PROJECTS WILL FOCUS ON ... IRON ORE. ... there will be RAPID GROWTH IN WEST AND CENTRAL AFRICA due to IRON ORE (CAMEROON AND CONGO-BRAZZAVILLE)."
What on earth are you prattling on about now?! No one apart from you is talking about SM’s grades - not me, nor Eddsy and certainly not Afreximbank, and it’s their super positive series of 3 tweets I relayed to this board. There’s no confusion except for you muddying the water. If you chose to veer so blatantly off topic then don’t be surprised if your posts are labelled ‘graffiti’ - because that’s just what they are.
Well, that's had the effect of scrolling the very positive commentary off the bottom of the board. Not the actions of an honest invested account looking for insights that support imminent development.
So let's have a look again at what the experts and insiders actually tweeted:
"A few days back Afreximbank gave Sapro Mayoko a $96m trade finance facility - SM being Zanaga's neighbours in Congo. If anybody knows development prospects then it would be them.
Then yesterday 'Afreximbank Trade Intelligence Solutions' tweeted this amazing thread, which I have spliced together (my CAPITALS):
1. INVESTMENT INTO AFRICA’S MINING AND METALS SECTORS WILL BE STRONG OVER 2023–2027, encouraged by high mineral prices. THE LARGEST MINING PROJECTS WILL FOCUS ON copper and IRON ORE, and to a slightly lesser extent on gold, platinum group metals and bauxite. Southern Africa will
2. remain the dominant mining sub-region due to the scale of South Africa’s mining industry. That said, growth in South Africa’s mining production will be slow. In contrast, there will be RAPID GROWTH IN WEST AND CENTRAL AFRICA. This will be due to new bauxite (Cameroon, Ghana and
3. Guinea), cobalt (the DRC), copper (the DRC) and IRON ORE (CAMEROON AND CONGO-BRAZZAVILLE) projects currently under development. In East Africa, Tanzania will be a growth hotspot due to investment in gold, nickel, cobalt, graphite and rare earth deposits.
1. https://twitter.com/Afrexim_TRIN/status/1730576747760931066
2. https://twitter.com/Afrexim_TRIN/status/1730576958776340872
3. https://twitter.com/Afrexim_TRIN/status/1730577186334130378
> INVESTMENT INTO AFRICA’S MINING AND METALS SECTORS WILL BE STRONG OVER 2023–2027...THE LARGEST MINING PROJECTS WILL FOCUS ON ... IRON ORE. ... there will be RAPID GROWTH IN WEST AND CENTRAL AFRICA due to IRON ORE (CAMEROON AND CONGO-BRAZZAVILLE)."
I'm not sure it suggests anything of the kind. There's plenty of iron ore in Cameroon. This from May 2022:
YAOUNDE, May 20 (Reuters) - Cameroon's government has signed a 420 billion CFA franc ($675.96 million) high-grade iron ore mining deal with a subsidiary of Sinosteel Corporation Limited, as China seeks new sources of the steel-making ingredient.
Sinosteel Cam S.A., the Cameroonian subsidiary of the state-owned Chinese miner, will develop the Lobe iron ore mine in the central African nation, helping China to diversify its sources of iron ore beyond Australia, with which it is in a trade war, and Brazil.
https://www.reuters.com/world/africa/chinas-sinosteel-signs-680-mln-iron-ore-mine-deal-with-cameroon-2022-05-20/
Besides, if Mbalam is being litigated you would think that the chaps at Afreximbank Trade Intelligence Solutions might have heard about it. Their colleagues have just given Sapro Mayoko that $96m trade finance facility, and the news name-checked 'Gabon' just over the border from SM. Given also that AT, when he was still chatty some years back, regularly ref'ed SM and their advances it's safe to say that they are the Congo-Brazzaville mine to which their tweets refer.
A few days back Afreximbank gave Sapro Mayoko a $96m trade finance facility - SM being Zanaga's neighbours in Congo. If anybody knows development prospects then it would be them.
Then yesterday 'Afreximbank Trade Intelligence Solutions' tweeted this amazing thread, which I have spliced together (my CAPITALS):
1. INVESTMENT INTO AFRICA’S MINING AND METALS SECTORS WILL BE STRONG OVER 2023–2027, encouraged by high mineral prices. THE LARGEST MINING PROJECTS WILL FOCUS ON copper and IRON ORE, and to a slightly lesser extent on gold, platinum group metals and bauxite. Southern Africa will
2. remain the dominant mining sub-region due to the scale of South Africa’s mining industry. That said, growth in South Africa’s mining production will be slow. In contrast, there will be RAPID GROWTH IN WEST AND CENTRAL AFRICA. This will be due to new bauxite (Cameroon, Ghana and
3. Guinea), cobalt (the DRC), copper (the DRC) and IRON ORE (CAMEROON AND CONGO-BRAZZAVILLE) projects currently under development. In East Africa, Tanzania will be a growth hotspot due to investment in gold, nickel, cobalt, graphite and rare earth deposits.
1. https://twitter.com/Afrexim_TRIN/status/1730576747760931066
2. https://twitter.com/Afrexim_TRIN/status/1730576958776340872
3. https://twitter.com/Afrexim_TRIN/status/1730577186334130378
> INVESTMENT INTO AFRICA’S MINING AND METALS SECTORS WILL BE STRONG OVER 2023–2027...THE LARGEST MINING PROJECTS WILL FOCUS ON ... IRON ORE. ... there will be RAPID GROWTH IN WEST AND CENTRAL AFRICA due to IRON ORE (CAMEROON AND CONGO-BRAZZAVILLE)
Yup - the structure $1.5bn plus offtake. Mopani has had its troubles: It is now super deep at 1,500m+ headed for 2,000m with disputes all round.
Shows the amount of cash that even end-stage mines can command in darkest Africa.
Here the German Chancellor reinforces the drivers for 'decarbonisation'. As can be read, 'green steel' is one of 3 pillars, and the whole thing will be controlled by carbon tariffs under the CBAM:
GERMANY’S SCHOLZ TO OFFICIALLY INAUGURATE ‘CLIMATE CLUB’ AT COP28
On Friday (1 December), Scholz will travel to Dubai for the “full launch” of one of his long-held pet projects – establishing a so-called “climate club” bringing together countries with ambitious climate policies
( )
In the initial phase, Germany and Chile will be jointly running the informal group from the OECD headquarters in Paris. All G7 countries, including the US, have joined.
But instead of slapping sanctions on less ambitious countries, Scholz’s climate club will rely on three incentive-based pillars: green steel, industrial decarbonisation, and international partnerships. No specific funding has been allocated at this stage.
( )
CBAM: The true climate club?
Europe’s CO2 tariff, the carbon border adjustment mechanism (CBAM), also looms over the climate club – the European Parliament’s think-tank even argued that the carbon tariff was the “real” climate club.
When Scholz first floated the idea, CBAM wasn’t set in stone yet. Senior officials in Berlin even went as far as pitching the climate club as a way for countries to escape the EU’s then-looming carbon tariff.
https://www.euractiv.com/section/energy-environment/news/germanys-scholz-to-officially-inaugurate-climate-club-at-cop28/
Morning alwayshoping - I'm not sure about the expert bit, though I do have too much time on my hands to obsessively google all things 'iron ore' and 'green steel'!
There persists something of a misnomer about what constitutes 'high grade' iron ore, and the article is no exception. The media and others tend to label anything above benchmark 62%Fe as 'high grade' or at least 'higher grade'. The true differentiator is whether the iron ore is suitable for Direct Reduction Iron, and that is 67%Fe +.
The article says that, at present, just 7.5% of seaborne iron ore meets this standard. The global trend is for increasing bifurcation in the market, driven by 'carbon neutral' policy (aka Net Zero madness). This is going to be reinforced by carbon tariffs, i.e. the EU's Carbon Border Adjustment Mechanism. The CBAM will impose tariffs across the iron/steel market from ore to finished goods. This will surely drive miners and manufacturers towards the DRI-grades that can produce low-to-very low green steel. This could and should rocket the demand and hence price of Zanaga's grades. Indeed the article talks of a 20% price premium developing over benchmark 62%Fe.
The Gulf States are in poll position to benefit. They are building out a green steel industry largely afresh, i.e. they have little sunk capital in CO2-intense blast furnaces. Their DRI-EAF process can be powered by their huge supplies of low (almost zero) cost natural gas which can be replaced by renewable energy produced Hydrogen as and when. This will allow them to supply across the value chain - hot briquetted iron, green steel, and finished goods from cars to heavy industrials. All of these will circumvent the CBAM.
The missing and essential link for all of this is the secure supply of high grade iron ore. The numbers do not suggest that Brazilian supply can meet the 50-75mtpa that the Gulf might demand by 2030. Besides the PIF-Ma'aden JV was specifically formed to secure globally significant supplies of the necessary iron ore.
The RoW will be forced to compete or die. That means that the Chinese, Korean, Taiwanese, and Japanese steel and manufacturing industries will equally need to secure their own supplies of high grade or basically be squeezed out of the European and other markets.
There is only one candidate that fits this spec - Zanaga. It is now a sellers market, and there are multiple competing buyers who can neither wait nor miss the chance at securing a slice of Zanaga.
I have every confidence that ZIOC's BoD, and the brains at Glencore, will appreciate all of the above and secure maximum value for all of us.
There's potentially a huge and hidden kicker to Zanaga development coming up at COP28.
This October, when in the UAE, Little D's ministerial account revealed the UAE's desire to expedite a Free Trade Zone/Agreement between the 2 countries at COP28 on now:
(translated) "The two ministers also discussed the ongoing collaboration between Congo and @ADPortsGroup regarding the construction project of a state-of-the-art multipurpose terminal within the autonomous port of Pointe-Noire. After reviewing the progress of the said project, Minister Denis @ChristelSassou Nguesso requested support from the UAE government to guarantee its success.
The agreement aimed at the creation of a free trade zone between the Congo and the United Arab Emirates was also on the agenda of the discussions. Strongly desired by the UAE party, its signature should take place during the next COP."
https://twitter.com/CooperationCG/status/1710358575908786349
> There's huge significance to such an agreement, namely that UAE imports into CB (think mining materials) would be tariff and duty free, and crucially iron ore exports would similarly be tax, tariff and duty free.
>> FWIW I'm certain that ZIOC's BoD now have the EPC recostings in hand. The final piece of the jigsaw ahead of them being released is the tax and customs regime which would underpin the whole project finances.
>>> Big D arrived in Dubai earlier today, chauffeured by his now customary luxurious corporate jet, based in Dubai.
I reckon we need to stand by for the FTA signing which would set off a chain of reveals and news flow.
Well this could be telling.
The Saudi Ministry of Industry and Mineral Resources have tweeted on the meeting between President Lula and MBS in Riyadh.
https://twitter.com/mimgov/status/1730139602277560558
Arab News reports:
Prince Mohammed and the president reviewed aspects of bilateral relations and coordination to enhance cooperation between their countries in various fields.
They also discussed investment opportunities in order to achieve common interests and regional and international developments.
https://www.arabnews.com/node/2416626/saudi-arabia
President Lula said earlier this year that Brazil's way back into Africa 'passed through Congo', and Vale are described as having unfinished business after their Simandou ambitions went sour. Of course Vale now are in bed with AD Ports on several Gulf projects and intriguing the 2 have signed a MoU on VLOCs - just what you would need to transport huge quantities from Pointe Indienne to the Gulf green steel hubs.
Elsewhere, Bandar Alkhorayef met yesterday with the UN:
HE the Minister of #Industry_and_Mineral_Resources Mr. Bandar Al-Khorayef participates in a high-level panel session during the General Conference of the UNIDO, titeld: Accelerating the green transition: Critical minerals, metals production and a fair future for all.
https://twitter.com/mimgov/status/1729870584983744980
>It does feel that they are all circling to target in ever tightening circles.
Spot on, Jiving, though I think we need to factor in ZIOC's retained interest/royalty and also the ultimate size of the Resource/Reserve.
Looks like we should add Nippon Steel to our consortium candidates. They are after their own iron ore mines and are in the Glencore-lead consortium buying Teck:
> IT'S EXTREMELY IMPORTANT TO SECURE OUR OWN INTERESTS
TOKYO : Nippon Steel, the world's No.4 steelmaker, will keep on hunting for stakes in coking coal and iron ore mines to ensure a stable supply of essential raw materials and mitigate the potential impact of price volatility, its executive said.
A Glencore-led consortium, including Nippon Steel, sealed one of the mining sector's biggest deals in years this month, agreeing to buy Canadian miner Teck Resources' steelmaking coal unit for $9 billion. The Japanese company will pay around $1.34 billion for a 20 per cent stake.
"Coking coal prices are expected to rise as supply will get tighter in the medium term as there has been little investment in mines due to carbon-neutral push," executive vice president Takahiro Mori told Reuters in an interview on Tuesday.
"So, it's extremely important to secure our own interests," he said.
https://www.channelnewsasia.com/business/nippon-steel-hunt-more-coking-coal-iron-ore-assets-executive-3954541