Written By: Tshepo Magagane The West has never had to build up: 1. Without extracting resources violently from the developing world 2. Without a post war build out whereby taxes where jacked up to 90% or so Take Germany – just going around in circles (and not learning anything from Russian gas or shutting down […]
Mining v Tech
By Tshepo Magagane Mining v Tech – And yet for the same cashflows ie Nvidia v BHP; the market will only pay a 6% for BHP v Nvidia (5.4trn v 323bn). Which makes me even more convinced that mining stocks should not be listed (and they should not be issuing equity if listed). And that […]
Copper substitutes
By Tshepo Magagane Air-conditioning units – manufacturers are putting Copper sticker on top to show that this one uses Copper… …because, with Copper it lasts 50yrs instead of 5yrs with aluminium! 2% of market lost to aluminium! Palladium used to be honestly a rounding thing when doing PGM companies – price would be c20% of […]
Real assets – that is all that matters!
Written By Tshepo Magagane US hits USD40trn debt level. The world cannot turn off the money printing press – simply cannot; otherwise the whole thing falls apart. You need to be in REAL ASSETS. This thesis we had post GFC: The aim of QE2 is supposedly to boost the economy by lowering the cost of capital […]
The fly-up scenario for Copper is going to be something else.
By Tshepo Magagane When we started 1. We were buying every asset around for the Mittal – state owned assets people would pay you to take them off your hands (from Ukraine to SA to Canada to France) 2. See Kumba – it was spun out of Iskor (the steel co in SA) for just […]
Investors Are Voting Too.
Ceaser Siwale – Executive Chairman: Pangaea Holdings On Thursday, Zambians go to the polls. But for those of us in the capital markets, the more interesting manifesto isn’t from any party, it’s the one the Chamber of Mines published in election week: stronger exploration incentives, support for mineral processing and value addition, expanded power generation, […]
cUSD50bn of Copper is leaving the DRC annually!
Tshepo Magagane – Executive How is this even possible? No foreigner is going to change this… …it is up to the Congolese! To show you how evil the whole system is – not even a single company is volunteering to pick up the cost for this… …why you need the right systems – indigenous led […]
China – “does not view it as IP theft, this is payback for opium wars”!
By Tshepo Magagane – Resources Partner That was from ex-Aussie PM, Rudd, said the above. China has a multi-decade and myopic focus. Everyone is going Rare Earths but China started getting the competitive advantage in the 90s – not 10yrs ago, it is an entire ecosystem… …and why did they steal a march on the […]
Mintek in South Africa – if Africa had great leaders, it would put Mintek at the core of its plans!
https://www.miningweekly.com/article/steenkampskraal-mintek-achieve-breakthrough-in-rare-earth-beneficiation-2026-06-24 Written By Tshepo Magagane NB: well done Bafana-Bafana – I will be honest, I did not see this one coming especially against Korea (ratings upgrade & path to investment grade and now first time in knock-out stages👏🏼👏🏼👏🏼)! Time to have that HOPE & OPTMISM & BRAVERY & VISION from the 80/90s when the likes […]
Steel consumption per capita – another powerful tool in determining the trajectory of the demand for a Commodity is simply “how much will a country, region, continent; consume as they go up the income scale”!
Tshepo Magagane – Resources Director Why I wrote over a decade back about Copper – before Electrification, Data, Defense; just as countries go up the income scale, how much Copper will they use. The case for Copper already stacked up. And when you bring in lower grades, higher opex, no new MRE projects, problems with […]