By Tshepo Magagane Ivanhoe share price – why listed equity is not suitable for developing mining projects! If Ivanhoe was another company without such a strong shareholder base; it would be in serious trouble. Now given that you have long-term holders who understand mining, they are able to step back, understand the issue and then […]
AfDB – Plea To The New Leadership!
By Tshepo Magagane Really forget about these grand pronouncements that will not see the light of day! We are running out of time as Africa. We know what needs to be done – the solution is there, ESFD is there – AfDB is the only pillar-assessed…was pillar assessed 18mths back… …almost 3yrs and there has […]
Heatmap of Artisanal Mining
Review By Tshepo Magagane Heatmap of artisanal mining – we need to find financing solutions to formalise this key sector! NB: since then, I have come across more info that the production is higher!! After Insaka in Lusaka last year, I wrote the below – this is an opportunity for capital to make financial returns […]
Copper Supply and Financing Challenges in the face of increased Demand – There is No Transition Without Africa (so where is the Capital?)
By Tshepo Magagane, Mine Finance Senior Africa is blessed with an abundance of base metals including Copper across the Central African Copperbelt (Zambia, DRC), Kalahari Copperbelt (Botswana, Namibia), Kaoko Copperbelt (Namibia, Angola). Prospective tenements are available; however, they lack capital to risk-unlock into Feasible Projects. There are no new Pre-Feasibility Stage projects, and capital is required to […]
Build v Buy Debate in Mining
By Tshepo Magagane The most value-adding approach is to find and build – FQM started out by producing 2,000t pa and now, just in Zambia, they are about to hit 500,000t pa! Khoemacau was taken over for USD35m in distress (went into it during commissioning) and was sold for USD2.0Bn! The thing about buying a […]
Friedland on the West’s challenges
Observations By Tshepo Magagane Unfortunately, China has cornered most of the global market. And Friedland, who has been connected to China since the ‘90s, says it’s about 30 years ahead of us. And for processing of some minerals, there may be no catching up, given the small and specialized quantities involved. Friedland is building a […]
Getting Ahead of Itself
By Tshepo Magagane Gold – is it getting ahead of itself? Inflation adjusted all time high is USD3,800/oz – as QE started, you had Swiss based wealth managers going USD4,000-5,000/oz (the purported relationship with interest rates) 15yrs back post GFC when Central Banks raced to hold interests rates at zero, this is what we were […]
2 Copper Stories: Article on Financing and FQM Head Geo Interview2 Copper Stories:
Written By Tshepo Magagane 1. Copper Industry needs to invest USD2.1trn to meet demand My Transition obsession – as I have said, “Africa missed out on Chinese Steel Production demand driven commodities rally while Australia fully capitalised on this to not only build at a national level but to create local capital pools”. 1. There […]
Mining Returns
Analysed By Tshepo Magagane Not all metals are created equal! Not all commodities are created equal! Not all jurisdictions are created equal! Not all management teams are created equal! You need teams that understand Geology, Engineering, Social, Politics BUT most importantly Mine Finance. Why I will keep shouting about the opportunity the Transition presents for […]
Barrick – Low Grade Realities in Copper (& Chemaf/Chinese)
Analysis By Tshepo Magagane NB: while on the other side – [Ivanhoe Mines is entering a new phase of strong free cash flow generation, following the completion of peak capital expenditures at its flagship Kamoa-Kakula copper complex] – dear me, he called it right!! 1. Lumwana – Zambia Low grades realities – Barrick using USD3/lb […]