Moin,
interesting developments concerning Zijin. In January, there was the surprising announcement that the Tres Quebradas Project would be switched to C&M mode. Surprising because the start of production was imminent.In my post 77407412, I suspected that the imminent purchase of shares from Zangge Mining was the reason for the closure, as the announcements were made within just 24 hours.This also happened at the beginning of March.Zijin Mining has acquired a 24.8% stake in Zangge Mining for RMB13.7 billion (US$1.87 billion).
However, Zijin's primary goal is to realize Manono (North). "Tres Quebradas" were also set aside for this purpose. Geopolitical strategic reasons are obvious. Due to the uncertain internal political and legal situation in the DRC, the aim is to create facts quickly and, with the exception of logistical challenges, legal and security aspects etc., hard rock assets can generally be developed more quickly than brine assets. Now the Americans are throwing their hat into the ring. Also at the active request of the Congolese president.https://news.metal.com/newscontent/103238384/DRC-President-Met-With-US-Presidential-Envoy
And they are not exactly cash-strapped American buyers...
In any case, I have removed any quantities from the Tres Quebradas project in my supply model for 2025. It will be interesting to see how the geopolitical "tug-of-war" over raw materials between China and the USA plays out on the open Congo stage.
Moin,interesting developments concerning Zijin. In January,...
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