Zanaga Iron Ore Share Discussion Threads

[catchingmice] 25/5/2020 09:20

It's looking that way yes

[gta5] 24/5/2020 20:34

HTTPS://stockhead.com.au/resources/why-iron-ore-grade-is-now-more-important-than-ever/

[gismo] 24/5/2020 15:56

Much more with an RNS, it's getting nearer

[catchingmice] 24/5/2020 10:03

Have a feeling this could find another level from tuesday onwards and we may see 12p-13p end of the week

[gta5] 21/5/2020 22:35

Excellent stuff Extrader, I thought you'd like the French write-up on COIDIC. I find the organisation very obscure still, with very little verifiable info on leadership and stakeholders. but interesting none the less! Here is another article with some interesting comments around Iron ore and China-Australia-Africa. I think, that If it escalates more, China are going to have to secure not just Simandou, but Zanaga and a handfull of others to cover even a fraction of what they're currently importing from Australia per year, and to do it very quickly. (As mentioned in the article below, the lead time to acquire/build a producing mine, railway and port is at least 4-5years, if done at breakneck speed.... ) If this current political spat does escalate beyond words there are going to be a lot of very rattled people in Beijing calling Nguesso, Glasenberg and Trahar, not necessarily even in that order! Either way, I think a lot of the people in power in China are feeling quite exposed and seeing the danger of being so dependent of Australia for their prime resources. They need a long term plan, and Simandou doesn't even cover 5% of that, -when it'll eventually going at full steam in a few years time that is...... HTTPS://www.globaltimes.cn/content/1188487.shtml GL, GTA. Also worth a read: HTTPS://www.afr.com/politics/federal/china-alters-rules-on-iron-ore-coal-sparking-trade-fears-20200521-p54vaw And; HTTPS://www.bloomberg.com/news/articles/2020-03-05/china-plans-to-approve-developing-giant-simandou-iron-ore-mine

[gismo] 21/5/2020 17:10

Loverly, can't wait until tomorrow! gla

[paulchuckle] 21/5/2020 17:08

Breaking 10?

[greenelf] 21/5/2020 16:38

Finally!!!

[extrader] 20/5/2020 18:01

Forgot to add, re Obambi's CV, that he's been in discussions since 2018 with a consortium of French banks to finance a railway line from Mayoko to PN, to replace/re-condition ? the historic decrepit existing track. The line would/could pass reasonably close to Zanaga's mine. So, thinking back to COIDIC's end-goal of attracting PPP (public/private partnerships), resurrecting this proposal might tick a number of boxes. ISTR also that Sapro was one of the 5 x LoI signatories that the Chinese wanted to exhibit to China EXIM a while back as potential end-users of an expanded PN SEZ. ATB

[extrader] 20/5/2020 14:09

Hi GTA5, Here's what Africa Intelligence headlines re AKSA, no ref to Obambi, unless behind paywall... CONGO : Turkey's Aksa Enerji to build two gas-fired power ... www.africaintelligence.com › 2019/10/14 › turkey-s-aksa... Oct 14, 2019 - Aksa Enerji plans to build and operate two gas-fired power plants in Brazzaville (115 MW) and Pointe-Noire (240 MW). In September, the Congolese Ministry of Energy, headed by Serge Blaise Zoniaba, authorised its subsidiary Aksa Enerji Company Congo to start these projects by granting it a licence to … AKSA is apparently close to Erdogan / the ruling party in Turkey... ATB

[catchingmice] 20/5/2020 13:15

Can't crack this 11p though

[greenelf] 20/5/2020 11:29

Nice too see sone A trade buying.

[philjeans] 20/5/2020 11:27

No smoke without fire.... Follow the money.

[greenelf] 20/5/2020 11:06

It could get a lot hotter if we are lucky!!

[davidlloyd] 20/5/2020 11:03

Some interesting action of late here......(so it would seem to me anyway 😀) DL

[catchingmice] 20/5/2020 10:56

Hold above 10.33 and this should move higher Let's see how she goes

[catchingmice] 20/5/2020 10:52

Looks like the sun is shining this morning on Zanaga long may it continueVery pleased indeed

[greenelf] 20/5/2020 08:01

"Producing" is a strong word. Not sure it is still happening after his unpaid staff and logistics problems.

[gta5] 20/5/2020 01:12

One name I keep forgetting in all this is Paul Obambi, our congolese version of Tony Stark. I think he might be important as he's currently the only one producing Iron ore in Mayoko with Sapro after taking over Exxaro in 2016, and is currently having some very serious issues with transport and infrastucture. (you can google de-railed trains and various articles about lacking infrastructure) But the part I find interesting is that although Obambi has a substantial amount of interests in the Sapro Group of companies including mines, energy and import-export etc, his interests and COIDIC's and Zanagas all overlap a bit... Rumour from the end of last year has it that he's joined up with Aksa Energy (out of Turkey) to build the new Gas powered plant in Pointe Noire (and licensed to sell electricity generated). From what I can see this Power plant will/would be the real sign and first of any movement towards actual SEZ and possibly new port construction. Infrastructure expansion is essential for Sapro's Mayoko mine to ramp up and export some real volumes. (not the puny amounts he's struggling to get to the coast with the underpowered and scrawny rail currently in place from Mbinda) Interesting times. GTA.

[gismo] 19/5/2020 19:56

I would go with a buyout purely because the Chinese don't like sharing anything, well apart from viruses!

[greenelf] 19/5/2020 16:48

UT price setting is a farce.

[greenelf] 19/5/2020 08:03

I have serious doubts about jv. ZIOC adds nothing to any future development. Straight bo I think. Glencore may jv.