Discusser
30 Dec 2015
I'm out. Should have got out ages ago like YT. Live and learn.
Fools Like Us
22 Dec 2015
Re: 2016 I agree with your assessment Matt - unfortunately we have been relieved of our interest in the Company. Where does NRRP go from here? - that's up to Mr Beddows, his Chairmanship is probably the last opportunity for the Company to have a serious attempt at this project in its current shareholding structure.On top of all the Corporate stuff, we don't have the darn Licence! - I don't have a clue about what is going to happen regarding NRR - all I see is fiddling aboutI see our Chinese Shareholders have some new friends, clearly not us.[link] for a while we have moved our interest to other shares & would suggest to all investors - don't get too stuck on one share, there are some good companies out there.Good yields from massive companies, RDSB? Bombed out miners, Anglo, Rio, BHP, or have a look at BKY.Not advice, just for discussion. Hopefully NRR will keep its head above water. Not just for paying out on Tailings studies GLA.FoolsLikeUs.
matt.whitby
22 Dec 2015
2016 I think it's pretty clear that the second half of 2015 has not been good for NRRP.Do we think the company will last until the end of 2016? I just see a company scrabbling for money in an increasingly difficult market and zero information on what's happening with the mining licence.It's not how I expected we'd enter the final sliver of 2015.
KNEES
16 Dec 2015
China A wide variety of corporate entities have contributed to this formidable expansion, including mining, mineral processing, metallurgical, manufacturing, power generation, infrastructure development companies, as well as investment banks, research institutes and even individuals.The forms of mining deals that China employs in Africa are also very diverse and involve direct investments in mining projects, infrastructure investments–to-mineral resources “trade-in” deals, joint ventures, indirect investments, off-take agreements, options and a variety of other structures. FEATURE: China's scramble for AfricaIntelligenceMine's new 2015 Africa Mining Map shows the locations of 650 producing mines and development projects, nearly 150 metallurgical facilities, major roads, railroads, ports and shipping distances and regional geology. Click here to purchaseThese examples give some insight into the vast scope of China’s involvement in Africa’s resources and mining industry.In 2012, China General Nuclear Power Corporation (CGNPC) acquired Husab project in Namibia (Figure 4), which is one of the biggest uranium deposits in the world, and now is finishing construction of a huge uranium mine there. In under three years since earthmoving activities first began at Husab, CGNPC built and is now commissioning the world's third largest uranium mine.Another notable project is a massive Kamoa copper deposit located in the Democratic Republic of Congo (DRC), which is recognized as the world’s biggest undeveloped high-grade copper deposit. Zijin Mining Group recently completed a half a billion dollars deal with Ivanhoe Mines that allows Zijin to control this advanced project. No doubt Zijin, which is not lacking of governmental funds and in-house mining expertise, is going to commission this mine as soon as possible.China is charging Africa's mining landscape - Husab and Kamoa mapFigure 4. Husab and Kamoa projects location. Source: IntelligenceMine online mapper.There are a many more world-class mining assets located in Africa acquired by Chinese companies in recent years.Why has Africa became a priority destination for China? First and foremost, it's the continent's rich endowment of mineral resources with many world-class deposits discovered in recent years. Secondly its untapped mineral resources provides excellent greenfield development potential.For example: South Africa produces 52% of world’s chromium, is the world leader in production of manganese and platinum group metals, controlling about 95% of global PGM reserves. It is also the biggest producer of ilmenite, second biggest producer of vanadium and in Top-5 of global rutile and zirconium producers. South Africa is also a renowned producer of gold and controls world’s largest in-situ gold reserves. Democratic Republic of the Congo (DRC) produces approximately 50% of global cobalt and hosts about half of global reserves. DRC is also in top-5 producers of copper, diamond and tantalum (second place). Botswana is the global leader in diamond production by value and in top-5 of other gemstones’ producers. Guinea is in top-5 of biggest bauxite producers, being the world leader in bauxite reserves. Zimbabwe is the fifth biggest producer of lithium and in top-5 of world’s largest PGM producers. Morocco is the second biggest producer of phosphates and controls 75% of global phosphate reserves. Mozambique is in the top-5 global producers of tantalum, ilmenite and zirconium. Rwanda is the leader in production of tantalum.China is charging Africa's mining landscape - Production of mineral commodities in Africa tableWestern companies have tended to be more cautious about investing on the continent which is still grappling with serious infrastructure deficiencies, political turmoil, weak institutions and corruption.Chinese companies have shown greater tolerance for risk and have proven to be adept a
Fools Like Us
11 Dec 2015
Hage Geingob. President, Namibia Currently on BBC Iplayer - interesting seeing the views of the Namibian PresidentSarah Montague talks to Hage Geingob, the president of Namibia. Namibia is rich in minerals and gemstones so is relatively prosperous with good economic growth. Yet it is one of the most unequal societies in the world. There is extreme poverty with many struggling to get enough food to survive. Hage Geingob declared war on poverty and inequality when he became president in March this year. Before that he had been prime minister for many of the 25 years since independence, so what difference can he make now?---------- ---------- ---------- ---er, give NRR a license? - oh yes, Double the Zinc price to make it possible for us to pay forour " management" & the debts we will take on?FLU.
