RNU renascor resources limited

I know where I would rather have my money invested Names Little....

  1. 515 Posts.
    lightbulb Created with Sketch. 514
    I know where I would rather have my money invested Names Little.
    The Australia government is certainly a lot more accommodating and transparent than any countries in Africa.
    I worked in Africa for many years and would never put my hard earned there for any project so good luck with your EGR.
    As I have stated before, I think the share price of RNU will start an upward swing once the Demo plant is commissioned and the PSG produced is certified to the required quality.

    Can you tell me what happened to the PSG plant that EGR were going to build in Rockingham? The current status of this plant is quite unclear!!

    Below is a brief on Tanzanian Government involvement in mining.
    Please note the 16% free carry the government has in the Epanko Project. Not bad if you can get something for nothing!!!
    Once again Little , good luck , I think you will need it more that me !



    The Tanzanian government has adopted an equitable sharing principle in mining taxation, negotiating deals where the government and mining companies share economic benefits based on an agreed split. For example, the agreement with Barrick Gold provides for a 50-50 split, though the government has reportedly negotiated larger shares in some subsequent deals. However, details of many agreements remain unpublished despite laws requiring disclosure.
    Additionally, Tanzania's Mining Act and related regulations have undergone significant changes to ensure adequate returns to the economy, with some amendments elevating government participation in mining projects. There have been mixed reactions to these changes, with some praising them for increasing local benefits, while others see them as interfering with mining company operations.

    The Tanzanian government holds a 16% free-carried interest in the Epanko Graphite Project through a joint venture entity called Duma TanzGraphite. This means the government does not need to contribute financially to the project but still retains an ownership stake. The remaining 84% interest is held by EcoGraf Limited (EGR).
    This arrangement was formalized in a Framework Agreement signed in April 2023, which also includes provisions for financing, regulatory approvals, and operational cooperation between EcoGraf and the Tanzanian government.
    Would you like insights on how this compares to other mining projects in Tanzania?
 
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