Mutisunge Zulu Chief Risk Officer | Global Executive PhD Cand. Business Mgt, AI & Strategy at ESCP Business School | Global Executive MBA (Manchester) | Advanced Management Program (Harvard) | December 31, 2025 Reflections on leadership, risk, humanity and reinvention in a volatile world Leadership Is Forged Under Pressure As 2025 draws to a close, […]
Zambia and SADC 2026 Outlook: The Green Metal Renaissance and the Path to Structural Recovery
By Pangaea Holdings | December 2025 As we approach 2026, the economic narrative for the Southern African Development Community (SADC) and Zambia, in particular, is shifting decisively. We are moving from the era of acute crisis management and debt restructuring into a period of strategic repositioning. While the global economy faces “multidimensional polarisation” and trade fragmentation, SADC finds itself […]
MAC Clause
You just cant pull out of deals because you have 2nd thoughts! Same thing is going to happen with the Anglo coal assets. Anglo will also get another boost as they are going to plug higher LT coal prices in models now (and the stars aligning with the IEA coming back with scenarios of longer coal […]
FQM Abandoning Sale Process Of Zambia Assets!
By Tshepo Magagane My read – yes, balance sheet is stronger BUT I dont think you can price a Tier 1 asset right now. Will be like trying to sell a stake in an Iron Ore asset in 2003. Price was 30/t – in 05 went up to 65/t – think about that – it […]
🎯OST: A Case Study Of“Push‑and‑Dump”
By Ceaser Siwale ⚡️ Price Action Summary Between mid‑June and early July, OST skyrocketed from ~$3.16 to ~$9.02, driven by heavy volume and speculative chatter, only to be followed by a brutal collapse: 📉 Financial Snapshot: Fundamentals in Decline Despite the rally attempt: 🔍 Suspicion of “Pump‑and‑Dump” Key hallmarks appear in trading data and community activity: 🧠 Technical & Volume Behaviour 💵 Business vs […]
What Is In A Valuation: MineCos vs TechCos
By Tshepo Magagane, Executive Director – Pangaea Advisory / Partner – The Critical Minerals Fund Kobold – people who balk at the USD3bn valuation. I wrote about the fact that investors are only willing to pay USD0.05 for every USD1 generated by Mining Companies v Tech Companies (even Argentina’s bonds have never traded that low) […]
Kobold, Is The Valuation All About AI (ie An AI premium?)
Tshepo Magagane: Executive Director – Pangaea Advisory Group / Partner – The Critical Minerals Fund Maybe at the margins re: having someone like Connie Chan being able to block time out and fly out to Africa then to minesite is an achievement beyond parallel (even AI start-ups in the US will struggle to get a […]
Kobold – How Do You Get To The Valuation?
Tshepo Magagane: Executive Director – Pangaea Advisory Group / Partner – The Critical Minerals Fund Mining valuation is a bit tricky but understand that you are always looking at what they call Net Present Value or Net Asset Value = Discounted Cash Flow over Life of Mine. 1. Mingomba – this is a defined deposit […]
Beyond The First Step
Credit to: Chabala Sunkutu – Senior Analyst Pangaea Securities It is a well-known conundrum that Zambia’s economy is heavily dependent on copper production and export. Once a middle-income country, Zambia has been sliding towards poverty since the 70s when copper prices declined on the world market. Albeit, current high prices of copper on the international […]