AUZ 6.25% 0.8¢ australian mines limited

Given that mining is the largest sector of their economy, and...

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    Given that mining is the largest sector of their economy, and that the Glencore cobalt site is one of the largest in the world, this ionisation plant will be built!! The DRC rack in large royalties from cobalt so this is a major concern for them to get this plant up and running as quickly as possible. For Glencore and DRC cobalt, this is a terrible time as I genuinely believe this opens up the eyes of firms to import cobalt from outside the DRC. Initially the fact that the DRC is a very unstable country and rampant with corruption doesn't stop anyone from importing their resources, but now that their were traces of uranium, it might make companies double think on DRC cobalt. With a supply shortage in 2019, we could see cobalt prices rise once again. This unfortunate event could help out AUZ more than what we think !!
 
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