Commodities

By Tshepo Magagane Exploration to Production Best of Class Case Study in Africa (Large Scale Mining Preparation) – I cannot begin to put in words the work that Dr Mulenga has already put into this project. Remember, the orebody is 100km – the reserve he has defined is just for 4km – a month back […]

Extract By Tshepo Magagane I have run out of superlatives to describe its idiocy! It is not that it is lacking… It is not that people dont understand that it is required… It is not that people dont understand that you need to be aggressive… It is not that they dont get that you need […]

By Tshepo Maganane Benedikt Sobotka Former Group CEO of Eurasian Resources Group (ERG) | Co-Chair of the Global Battery Alliance | General Partner Alpha Future Funds ### Impact of the US Election on the Mining Industry – some scenarios: – Push for more US Metals Sovereignty: Transitioning from a major net importer to an exporter […]

By Tshepo Magagane Since I started being trained in M&M 2 decades back, Gold companies always commanded a huge premium to NAV/NPV NAV/NPV is simply the Discounted CashFlows over Life of Mine! NAmerican operating companies used to command a 2.5-3.0x Premia over their NAV/NPV; SAfrica will all the “perceived issues” would command 1.8-2.0x! There was […]

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 […]

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 […]

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 […]

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. […]

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 […]

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 […]