Great ANN - good to know feasibility has been completed (Port and RAIL!!!!) Slowly but surely all pieces of the puzzle are coming together!
CCECC -
http://www.ccecc.com.cn/col/col7677/index.htmlCMEC -
http://en.cmec.com/.
SINOMACH -
https://www.sinomach.com.cn/en/AboutUs/CompanyProfile/Ding & co continue to move this along in the right direction IMO. The SDL drama and Covid has definitely slowed down the progress but it is moving. Nice to get back to back ANN's. We must be close to the laying of the first stone (IMO this article is unrelated to ANS -
https://english.news.cn/20221024/9889a09d2df04d87bf4588734f256138/c.html).
I wonder if Ding and the project partners are still in China or are heading to Africa now?
@Allies - Funding is definitely secured already!
Still awaiting an update on listing details. IMO this is not a priority as ANS have secured 10B funding for the project. There is no need for cap raising at this point. And that isn't to say that it isn't close.
They has amassed some very impressive group of project partners:
1. From above CCECC
2. From above CMEC
3. Baowu Steel (off takers)
4. Tsingshan Minerals Metallurgical Corporation (off takers and Michael Ma - our Non Executive Director is the MD of them)
5. China Railway 20 Bureau Group Corporation (CR20G) - MOU signed with them back in Sept 2021. I haven't heard much more about them since.
6. Yantian Port Holding,China Railway Construction Company, China Harbour Engineering Company (all TBC).
Bring it on
