By Tshepo Magagane Critical Minerals – Financing Mining projects – what does it mean? What is the underlying/common theme in these announcements? Up to and including the Project Finance stage, you need “equity or equity-like” capital. Even at the PF stage, you need to anchor the PF facility with 50% equity (including COF and potential equity cures). Debt or debt-like instruments […]
Critical Minerals (Part 4 – 27/Sep) – How to think about Risk?
Authored by Tshepo Magagane Critical Minerals – How to think about Risk? Howard Marks In Mining; you have these “Perceived Risks” regarding the sector or regions in which you find mining Projects! Risk in Mining is not about Politics – you show that your knowledge of this sector is gossamer! Risk in Mining is Geology. Friedland has proved […]
Critical Minerals – (Part 3 – 26/Sep)
Written By Tshepo Magagane Critical Minerals – Copper Indicative CFs – as said, if you are building non-Tier 1 projects of 50ktpa; you can create Returns Opportunities whereby the payback Period is 1-yr (if everything goes well in Commissioning – worst case by Yr-3) Q&D / back of a matchbox – does it add up as […]
Critical Minerals (Part 2 – 25/Sep)
By Tshepo Magagane Critical Minerals Australia (bulks) vs Copperbelt (Zambia) – The Opportunity (country level and entrepreneurs) – I wax lyrical about how Australia managed to take advantage of Chinese Steel production in the 00s – remember, most Steel and Steel Making Raw Materials were written-off to zero in the late 90s and early 00s! 1. […]
Chilli or No Chilli
Those familiar with it will know that when you’re at any Hungry Lion counter, you’ll be asked one iconic question. Chilli or no chilli? While this is simply a choice as to the flavour of your meal, it is a daily decision for men. And it’s instructive about who you are as a man and […]
You can’t teach masculinity
Some things become second nature even without being natural. Explain how multiple generations have maintained the inexplicable tendency to randomly stop a whole showroom vehicle and urinate in public? I mean, look at how we pick up our habits. There’s no rite of passage or module on how you’re supposed to convert every tree, wall […]
Critical Minerals (Part 1 – 24/Sep)
BY Tshepo Magagane Critical Minerals – When selecting metals to focus on, as I have said “not all critical minerals present the same opportunities”! Copper super obvious BUT I have said “can a portfolio afford to lack Gold in an era of unstable geopolitics, CB continuing to debase FIAT, Major GoldCos producing at 1.5-1.9/oz while juniors are producing at […]
Zambia Mining Insaka Webinar
Speaker: Tshepo Magagane Insaka Webinar 19 September 2024 – Please register for the webinar on this link: https://zoom.us/meeting/register/tJIsde-uqz8rGdMRk2IGAZoHxu5ifFk6TGfl Critical Minerals – all important, but not created EQUAL! Copper – we need 10 more Escondidas, we need 10 more Kamoas – we need a myriad of Khoemacau! For Zambia to 3Mtpa of Copper production, you are […]
Maybe we do need the likes of Bill Gates or Stellantis?
Author: Tshepo Magagane – Pangaea Executive Director Maybe we do need the likes of Bill Gates or Stellantis? I say yes to the first part – Specialist Mining Funds stand at USD17-20bn globally, while the global identified copper capital requirements will come in at min USD200bn! To unlock Zambia’s independent projects, both the Chamber of Mines and myself […]
When you remove China, Only 4% of the $410 Trillion of Global Private Assets is Allocated to Emerging Markets.
Authored By Tshepo Magagane Working in the bespoke, bilateral world – I can tell you how much an increased allocation to EMs will transform these countries! Yesterday, I posted about China – there are still some things unacceptable BUT I can see the impact that their investments in airports, roads, bridges, buildings are having across […]