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@Excelsior @Maggee - I'd be careful lumping all of #Africa in with #Eritrea (which is a cesspool). There are many different countries, governments, and attitudes towards mining in Africa and it is not a "one-size-fits-all". For example, while much of #SouthAfrica is embroiled in labor union nonsense, in contrast, #WestAfrica has been expanding its #Gold mining operations and has many of the most interesting #Exploration, #Development stage, and new #Production projects on the global scene. Come over to ~AUfrica and read up through all the old comments for the last few months and you'll get an indication of how much good activity is afoot, along with some of the challenges in the #Congo or Eritrea. Just like anywhere there is the Good, the Bad, and Ugly.
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@Oliver BREAKING: 20 dead in clashes in #Congo's Katanga region: lawmaker - AFP $IVN
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@Excelsior Two-Prong Econo For #Congo #Copper Deposit December 13, 2016 By Thom Calandra $IVN $IVPAF - nice discussion on #Zinc http://thomcalandra.com/two-prong-econo-for-congo-copper-deposit/
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@racker With His Family’s Fortune at Stake, President Kabila Digs In https://www.bloomberg.com/news/features/2016-12-15/with-his-family-fortune-at-stake-congo-president-kabila-digs-in Joseph Kabila and his relatives have built a network of businesses that reaches into every corner of #Congo’s economy. Is that why he won’t step down?
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@racker DRC: Social networks to be blocked from midnight Sunday http://www.aljazeera.com/news/2016/12/drc-social-networks-blocked-midnight-sunday-161215154004076.html #congo Move seemingly in order to prevent organisation of public protests as President Kabila's term ends on Sunday.
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@nlepan Northern Miner Editorial: Leadership crisis averted in DRC as Kabila to step down. http://www.northernminer.com/news/editorial-leadership-crisis-averted-drc-kabila-step/1003782147/ #DRC #Congo Mineral deposits and mines in the DRC include: Ivanhoe Mines’ Kamoa-Kakula copper deposit and Kipushi zinc project; Katanga Mining’s Kamoto copper-cobalt mine; China Molybedenum and Lundin Mining’s Tenke Fungurume copper-cobalt mine; Randgold Resources and AngloGold Ashanti’s 31 million oz. Kibali gold mine; Banro’s mines on the Namoya-Twangiza gold trend; and Glencore and Dan Gertler’s Mutanda Mining and its Mutanda copper mine.
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@nlepan More than a dozen bishops from across the resource-rich nation of Congo of 70 million returned to the capital Kinshasa on Monday tasked with preserving a tenuous succession plan that would see Mr. Kabila step down by December. Sealed in the final hours of 2016, the clergy-brokered agreement has yet to be implemented amid pushback from smaller parties and questions over whether it has the president’s backing. If the church leaders are successful, they could help deliver the Democratic Republic of Congo’s first democratic transition in more than five decades. Failure, on the other hand, would threaten to throw the country deeper into turmoil, potentially destabilizing a region that has suffered some of the most brutal conflicts of the past century. http://www.wsj.com/articles/congos-clergy-heed-call-to-broker-a-political-deal-1483999644 #Congo
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@PamplonaTrader Plenty of cobalt in the DRC, the world does not need for anyone to find more cobalt there. If there are supply disruptions as a consequence of the volatile political climate in the DRC, what do you suppose happens to cobalt prices? $ARL.AX would certainly participate in higher prices but will $NZC.AX? The other question - in a jurisdiction with extremely rich copper-cobalt mines, how does $NZC.AX differentiate itself? Does it make sense for Glencore to divert capital from Katanga/Mutanda to develop a much smaller deposit in Kalongwe? Kalongwe would have to be a HUGE deposit for Glencore to want it. Likewise, it would have to be HUGE for anyone else to justify the long-term financial commitment of developing Kalongwe given the obvious risk of operating in the jurisdiction. Even Gertler's Fleurette is getting the heck out of dodge. With the unraveling of Kabila's regime, Gertler can no longer leverage political connections. Glencore is monied enough to navigate the difficult climate and if there are bumps along the way, it can ride out the issues. Having said the above, I know a couple of smart people in $NZC.AX - they are buying it for what Kalowange can become. Personally, I'd rather buy $ARL.AX for what KNP already is. $TGS.AX $CFE.AX $IAU.AX $NZC.AX #congo #cobalt #copper #nickel
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@PamplonaTrader @Brendan Congo getting better? The only thing that pulled the country back from the brink of civil war was Kabila agreeing to cede power. Congo truce thrown in doubt by opposition veteran’s death https://www.ft.com/content/9e757b16-f752-11e6-9516-2d969e0d3b65 #congo #cobalt #copper #nickel #supplyrisks
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@PamplonaTrader @Brendan, how much more upside do you see for $KAT? Let's see your valuation model. #congo #cobalt #copper #nickel #supplyrisks
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@MiningBookGuy @Brendan - if i was smarter, i would have dug deeper into understanding the #DRC and #cobalt in general. but honestly, i feel that you can be 'dumb' and buy $ARl.AX at these levels, and feel pretty good about it for the reasons I gave. I think there's a lot of potential for all sorts of resources in the #DRC ...but i also think it's far riskier than the typical speculator perceives at the moment (relative to a basket of 'risky' jurisdictions around the world). Absolutely it can turn around for the better (I will never forget how negative people got on #BurkinaFaso when Campaore got booted, and how quickly it has bounced back). #DRC is big and complex, and some regions may hold up far better than others during a crisis, as they have historically. But #DRC does have some negative signals that can't be ignored right now, IMO. #geopolitics #congo (*note - i generally hesitate to use this tag because of the 'other' congo, but maybe i'll start using #congo #DRC interchangeably)
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@MiningBookGuy @FundamentalAnalysis RE: $ARL.AX notes - #mbgtrends #newbies 1. #1 thing in your post - skepticism! $ARL.AX needed this, especially when the share price is on a rocket ship. these are important discussion points. 2. You can compared $ARL.AX to other projects. @PamplonaTrader has, and the #cobalt component is clearly favorable in both scale and grade to other "non-risky" jurisdictions. You kind of make a good point on #Nickel #Optionality. But.... 3. This is really key for me. See the NR from last night: https://hotcopper.com.au/documentdownload?id=uOMxKKzFkiWRTLKhOROKAxjvTDYC4g%2B9yxKZoeV1ke92GA%3D%3D there are many details here. let's focus on one section, full quote: "Lateritic cobalt-nickel mineralisation at Kalpini is not presently part of the KNP Cobalt Zone. The existing resource at Kalpini is 75.0 Mt @ 0.044 % cobalt + 0.73 % nickel (see Ardea Resources prospectus p.86). However, recent examination by Ardea has defined significant cobalt-bearing intercepts in historic drilling at Kalpini. Planning for the first drill program is still underway for Kalpini where around 25 RC holes are envisaged for around 1000 m of drilling. The aim of the Kalpini program is to test whether selected resources of the KNP can be upgraded to become part of the KNP Cobalt Zone. This will be a pilot study for a series of other similarly identified cobalt-rich occurrences that are not yet part of the KNP Cobalt Zone. Drilling at Kalpini will be performed back-to-back with the program at Black Range." We have to keep in mind that this is NOT a typical #optionality play. Yes, many studies have been done before on KNP. But never has it been MORE focused on #cobalt than #nickel. Within the next few months, there is room for an improved #cobalt resource, and metallurgical work could improve the economics. I actually think the #Nickel grades are fine. That's more an issue of being laterite #Nickel, which I just know is generally a more costly process than sulphide #Nickel for extraction. Anyway, there's A LOT of NEW work going into KNP prior to the completion of the PFS. I am actually bullish #Nickel...but even if you weren't, I strongly feel that a focus on #cobalt zones can turn this into a true 'Cobalt-Nickel' play, rather than 'Nickel-Cobalt'. 4. I think it's harder to make a judgment call on the PFS at this stage. But even with these concerns, it's so easy to forget there's also 'zinc-gold' project, AND earlier stage #nickel exploration. And they are cashed up. And very tight share structure (especially for ASX), which is a critical reason for the price spike. Really, this story is unique in more ways than one. 5. With all this said, it makes sense to start thinking about selling ANYTHING that has doubled or tripled in a few weeks (though @PamplonaTrader has made a very strong argument for holding until certain numbers get hit). I will also mention again that the #1 reason for me to get involved is the potential for #cobalt supply disruption, with so much in #Congo #DRC. That is very speculative (and has worked out so far), but sentiment can change quickly. Still, this is a STRONGER argument than #gold, #silver or #uranium #optionality (where I've seen plenty of people make money on absolutely CRAP projects in the last year or so). I won't name any here...but there's much more to THIS optionality story than most others, IMO. Plenty for #newbies to think about! The #1 lesson I would share is NOT specifically about $ARL.AX. It's that more people should be "exchange agnostic"...many of the best opportunities for me recently are on the ASX rather than TSX/TSXV. You might still be able to make money on $ARL.AX ...but IMO, best thing to do is set yourself up to trade on ANY of the major exchanges! Many 'veterans' are too stubborn to do this (because they've been only trading in Canada for decades). So consider giving yourself a leg-up in this way...and maybe you can find 'the next $ARL.AX'!
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@racker Discovery Watch with Jim Goddard and John @JKaiser https://secure.kaiserresearch.com/s/KaiserBlog.asp?ReportID=779658 $TSD $CLQ.Ax $MAX $COR Hunt on for #Cobalt Outside War Torn #Congo
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@PamplonaTrader @lukejackson what are your thoughts on the recent video that surfaced of the FARDC mowing down villagers with assault rifles? #DRC #congo $IVN $KAT
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@PamplonaTrader @lukejackson I tend to agree, most of the reason to sell is because the stock price is higher. But I also think that deteriorating conditions in the #DRC #congo has contributed to the reasons for selling. $IVN $KAT
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@PamplonaTrader @MFung Thanks. Some say that conditions in the #DRC #congo are improving and some have laughed off the "ethically sourced narrative". I think there are more risks than they are willing to admit. #cobalt
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@MiningBookGuy @Brendan - i sold my $ANL.AX at higher levels (basically break-even). i was disappointed they couldn't turn the 'bonanza grades' hit on one property into a legitimate discovery. I'm also kind of down on #DRC #Congo compared to when I bought in last year. With that said, they likely are at a couple million ounces, and I'm surprised the stock as dropped so much. Maybe also related to Klaus Eckhof getting involved with other stuff, and the #sharestructure has always been poor. There's something interesting here...not good enough for me right now, but I think they are still doing plenty of drilling, maybe a maiden resource would get people interested again. can't remember when that's coming, but i think by end of year. i need to check on this one again. formerly $BYR $BYR.AX
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@hunter Results from a National Public Opinion Poll -Congo congoresearchgroup 2016 http://congoresearchgroup.org/wp-content/uploads/2016/10/Final-Poll-CRG-BERCI.pdf - Over 60% of global cobalt production comes out of the Democratic Republic of Congo as a byproduct in the huge copper deposits that the country is endowed with. #congo #aufrica #cobalt
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@MiningBookGuy 6. $ORG Orca Gold point #3 cont... It would not surprise me at all if only a handful of CEO.CA were aware of the following news back in 2009: http://www.theglobeandmail.com/report-on-business/industry-news/energy-and-resources/red-back-to-buy-moto-goldmines-for-513-million/article4355021/ I actually think this is a PERFECT place to end this super long ~AUfrica rant! The thing is, it's just amazing how much can change because one deal falls through, or a superior bid comes in. And this even gets back at the $SWA value proposition: Do people realize that the core $SWA team ran Moto Gold Mines, which is now the FLAGSHIP mine for $RRS.L Randgold in #DRC #Congo?? I have mentioned this before, and it's in $SWA materials. But really, there were only 2 #Tier1 mega Africa gold stories in the mid-2000s that I'm aware of: #Redback with #Tasiast, and #MotoGoldMines with #Kibali. Basically, what #Redback was trying to do in 2009 could be EXACTLY like what they could attempt here! But IF the $EDV $ACA.L merger HAD taken place, what $SWA has in the #SoutHoundeBelt could have ended up looking like what #Kibali is for $RRS.L and #AngloGoldAshanti as partner as a the top project/mine for a senior miner. So I am definitely reaching with $ORG as a possible acquirer or merger with $SWA ...but elements are there! And I only touched on 3 possibilities here...the big picture is that $SWA is much more 'open-game' for mid-tiers now, rather than being consolidated into a powerhouse major ~AUfrica
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@MiningBookGuy @Brendan - thanks for mentioning $RSG.AX. They definitely should be looked at as a 'dark horse acquirer'. But for whatever reason, they've publicly focused on 2 potential acquisitions (and current investments) outside of #WestAfrica: $KGL in #DRC #Congo, and $MSR.AX in #Tanzania. I know they have many exploration projects in #WestAfrica, and flagship mine in #Mali (with advanced development in #Ghana). It's a good one to be aware of, and the main reason most people probably don't follow it is because it's only listed on the ASX. #ASX-Stocks And I agree with you on $TGZ! It feels a lot like $EDV a few years ago, and I am sure this is NOT a coincidence. Who wouldn't want to be 'the next $EDV'? both in growth profile and stock price appreciation :) ~AUfrica
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@MiningBookGuy Amani reports intercept of 105m at 7.33g/t Au from infill drilling at Kebigada, Giro Gold Project http://www.asx.com.au/asxpdf/20170410/pdf/43hdnm85r2yll0.pdf $ANL.AX #gold #DRC #Congo ~AUfrica #index Fantastic infill hole! Wish I didn't sell all my shares. An interesting one to keep following. #ASX-Stocks
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@MiningBookGuy RE-POST from @londonkiwi with additional tags: Glencore Cobalt Supplies in Congo Face Hold Up Over Mine Row https://www.bloomberg.com/news/articles/2017-04-18/glencore-cobalt-supplies-in-congo-face-disruption-over-mine-row $GLEN.L #Glencore #cobalt #DRC #Congo #Gecamines ~AUfrica "A dispute between state-owned Gecamines and its joint-venture partner at a Congolese cobalt mine that supplies Glencore Plc threatens to halt the supply of as much as 4 percent of the metal within two months."
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@MiningBookGuy RE-POSTING for proper tagging + comments: Randgold Resources: Kibali heads for full production @marketwired/randgold-resources-kibali-heads-for-full-production $RRS.L #Randgold #Kibali #DRC #Congo ~AUfrica Very impressive mine...but also a very important #DRC #Congo #MiningCode concern. I will copy the full quote at the end of the NR, this is worth monitoring for ~AUfrica followers: [It was a source of concern, however, that the DRC government had once again signalled its intention of reviewing the country's 2002 #miningcode with the clear intention of maximising state revenue, Bristow said. This could have a very negative impact not only on the mining industry but also on the economy. "Now more than ever the #DRC should be focused on retaining its existing investors and attracting new ones. It's certainly not the time to harvest more from less for short term gain. It's my sincere hope that this time round the government will engage the mining sector fully in the proposed review to achieve an outcome that will be in the best interests of the Congolese economy as well as the country's mining sector," he said. "The existing code is in fact a good one but it is not always being applied effectively and there are still many mining operations that do not operate under the code. There are also a number of issues and challenges which mining companies are having to face which make operating in the DRC more challenging. In #Kibali's case, these issues include more than $200 million in unpaid TVA and duty refunds."]
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@MiningBookGuy $RSG.AX #EuropeanGoldForum: webcast: http://www.europeangoldforum.org/egf17/company-webcast/RSG:AU/ powerpoint: http://wsw.com/webcast/egf17/rsg.ax/presentationDownload.pdf This is a strong presentation from John Welborn, and made me realize that $RSG.AX is a serious player in #WestAfrica, and #Africa overall. They have a mine in #Australia, but #Africa is clearly the focus. #Syama is a really impressive mine in #Mali, and it seems like there's potential to greatly increase mine-life. Importantly, $RSG.AX is a big player in #exploration, with strategic investments in $KGL $MSR.AX $OKU.AX, which are in #DRC ( #Congo ), #Tanzania, and #Mali respectively. See this slide for confirmation of interest: http://cdn.ceo.ca/1cfjpbi-Resolute_Exploration.png+ Note that Welborn is asked about $OKU.AX and #Mali at the end of the presentation. He really likes the #Fekola $BTO area, based on his previous experience. If one just focuses on the Canadian Exchanges, it would seem people are mostly ignoring #Mali. But it's clear that $RSG.AX is stealthily trying to get positions in key areas like this (though IMO, $OKU.AX is greatly overvalued as a specific example right now). Anyway, the point is that this is a very informative and well-done presentation. And it's worth following $RSG.AX as an important player (a parallel is $ACA.L, which is also underfollowed simply because it lacks a Canadian listing). Shout-Outs to @Brendan & @Nick who have been following this one for a while! ~AUfrica #mbgtrends
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@MiningBookGuy The Anglos Are Coming To Francophone Africa With An Appetite For Investment http://afkinsider.com/138670/the-anglos-are-coming-to-francophone-africa-with-an-appetite-for-investment/ #Senegal #Cameroon #IvoryCoast #DRC ( #Congo ) #Mali #BurkinaFaso #Gabon #FrancophoneAfrica #Africa ~AUfrica This is a really interesting article I forgot to post, from about a month ago. Worth scanning for 'emerging' jurisdictions throughout 'Francophone Africa' (even if this isn't especially focused on mining).
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@MiningBookGuy @tinybullstocks - $KGL mostly missed on drilling. poor #sharestructure from last raise. in a shaky part of the world in NE #DRC #Congo. Only thing i like is the $RSG.AX investment and cash right now. But $RSG.AX has their hands in other juniors in #Africa as well, including $MSR.AX and $OKU.AX. $OKU.AX actually hitting with positive results. In summary: I would say $KGL requires a lot of caution EVEN with all the cash.
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@MiningBookGuy Amani to Raise $25M AUD with 'Cornerstone' to Underpin Exploration and Development Activities http://www.asx.com.au/asxpdf/20170510/pdf/43j54t4dybx15k.pdf $ANL.AX #gold #DRC #Congo #DrillPlays ~AUfrica #index The Cornerstone Investor's name is 'Lucky Winner Investment Limited', a Chinese Group. Raise at 0.05 AUD with the equivalent of 2 year half-warrants at 0.07 AUD.
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@MiningBookGuy UPDATE 2-Congo's Kabila names transitional govt, defying main opposition http://af.reuters.com/article/drcNews/idAFL8N1IB57G?pageNumber=2&virtualBrandChannel=0&sp=true #DRC #Congo #Kabila ~AUfrica Still a big unknown here, leaning negative...I think #DRC #Congo risks are generally greater than perceived. But still very prospective.
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@MiningBookGuy @Ruffus23 RE: https://ceo.ca/edv?37015842a4b6 #ebola #DRC #Congo - I saw you posted this in $EDV room. But $EDV has no known interest in #DRC #Congo. This is NE Congo, as posted by @ayeyou earlier: http://news.sky.com/story/person-tests-positive-for-ebola-in-democratic-republic-of-congo-10874168 Companies with the most concern in the region include $RRS.L #Rangdgold $AGG.AX #Anglogold $KGL $ANL.AX $AFM, and likely some others I'm not aware of. #ebola really devastated #Liberia a few years ago, and the next most impacted country was #Guinea to my understanding. It DID happen in #DRC #Congo in 2014 as well. but thankfully was contained as written in that article: "The DRC suffered a three-month outbreak of Ebola in 2014. Although it was quickly contained, 49 people were killed." This is important to monitor, and I thought it was worth putting into context. #Africa ~AUfrica
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@MiningBookGuy @Amicus RE: https://ceo.ca/~aufrica?1233c7cdee92 - I do not own $AFM. I did catch that #RickRule clip, and it does sound very interested. NorthEast #DRC #Congo is likely somewhat at risk for #ebola outbreak in general...it's VERY hard to tell. As you mentioned, #Congo is at risk for A LOT of different things. I do not necessarily think #ebola is one of the top risks at this point, but that could change in the coming weeks. For #tin, $AFM does sound like a true standout, I believe Rick even said #Tier1 (*edit - @BruceWayne confirmed he DID say #tier1, I just checked the $AFM room). I am at least more interested in learning in about #tin as well, simply from the clip. ~AUfrica
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@MiningBookGuy @Amicus - consider this the beginning of #ebola coverage in ~AUfrica: BREAKING: WHO confirms second Ebola case in Congo outbreak http://www.reuters.com/article/us-health-ebola-congo-idUSKCN18A0ZP "The World Health Organization (WHO) confirmed on Sunday a second case of #Ebola in Democratic Republic of Congo after an outbreak this week of 17 other suspected cases. Health officials are trying to trace 125 people thought to be linked to the cases identified in the remote northeastern province of Bas-Uele province in northeastern Congo near the border with Central African Republic, WHO's Congo spokesman Eugene Kabambi said." #Congo #DRC #CentralAfricanRepublic #index
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@MiningBookGuy DRC Ebola Outbreak: Government confident the virus can be contained https://www.youtube.com/watch?v=_XQaKx2K-7Q+ #ebola #DRC #Congo ~AUfrica
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@MiningBookGuy Congo plans to re-introduce mining code revision next week http://www.reuters.com/article/us-congo-mining-idUSKCN18F0XD h/t @sndwky #DRC #Congo #MiningCode ~AUfrica #index
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@MiningBookGuy DR Congo health officials: Fourth death reported, 37 cases confirmed https://www.youtube.com/watch?v=nHuL6kHutPI+ #ebola #DRC #Congo ~AUfrica
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@Excelsior China’s Zijin pays off stake in $IVN Ivanhoe’s #Congo #Copper project Cecilia Jamasmie | about 15 hours ago http://www.mining.com/chinas-zijin-pays-off-stake-ivanhoes-congo-copper-project/ Low #Copper prices force Codelco to revise underground expansion of Chuquicamata Cecilia Jamasmie | about 17 hours ago http://www.mining.com/low-copper-prices-force-codelco-revise-underground-expansion-chuquicamata/ Blow to #Iron ore price as #Chinese steelmakers opt for scrap Frik Els | about 14 hours ago http://www.mining.com/blow-iron-ore-price-chinese-steelmakers-opt-scrap/
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@MiningBookGuy DR Congo jailbreak frees 900 inmates http://www.bbc.co.uk/news/amp/40242338 h/t @sndwky #DRC #Congo #jailbreak #Africa ~AUfrica #index Partial Quotes: "Eleven people were killed when militants attacked a prison in the Democratic Republic of Congo and freed more than 900 inmates, officials say." ... "The incident in Beni is the latest in a series of jailbreaks in the country. Last month about 4,000 inmates escaped from a high security prison in the capital Kinshasa following an attack blamed on a separatist sect."
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@MiningBookGuy DRC Mining Week Expo & Conference, Lubumbashi, DRC, June 23-24 http://www.mining-journal.com/events/conferences/drc-mining-week-expo-conference-lubumbashi-drc-june-23-24/ #events #DRC #Congo ~AUfrica #index "Randgold’s Mark Bristow, Ivanhoe Mines’ Guy Nzuru and World Bank senior mining specialist Francisco Igualada are among the listed speakers." $RRS.L $IVN
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