ANS austsino resources group limited

ANS : will we fold or fly?, page-49

  1. 721 Posts.
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    Good point, I do notice the consolidation of the 3 mines by Sangha is to maximize the economy of scale to justify the immense Capex.

    But I think Congo is making a mistake by going the Pointe Noire route given Sundance Energy obtained quotes from Nostra-Angus at around $US 3.5B for a highly optimal and scalable port and rail config in 2014 albeit for just 40 MTA at Lolabe, not far from that Kribi port.

    The biggest problem is this Sangha mob has no known mining experience anywhere, no environmentals, engineering or feasibility studies done in the Sangha region...zilch.

    How on earth are they going to secure backers (presumably in China) with funding costing many billions. They sound even less confidence inspiring than Ding's Chinese buddies who could never front up with the cash.

    Not to mention the plan is not in keeping with China's Silk Road strategy for regional infrastructure integration. Could be a long wait unfortunately by the look of things.
 
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