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Who are the current builders in Guinea? If a construction boom has not started yet, then the country is on the cusp. I amwondering if Haliburton or the like or Mineral processing plant builders are making plans. I make the point because the UMNG's president intends to increase its organized labor force, a potent contract earning bargaining chip with the Huge players. Construction and mining...hmmmm. Pitching blueprints for specific construction projects to the Guinea government and financiers will require a who is who of Guinea.
Now someone must buy the concession and pay a profit (Rio Tinto must intend to keep the entire concession. Encourage them to pay the profit as quickly as possible.it is the only clean solution). Keita should focus on RIDN
<SPAN id=intelliTXT>Mr. Keita's discussion is very insightful. It is difficult to imagine him walking away from the Simandou opportunities. The contexts of the discussion seem to indicate that the Simandou concession was awarded to Rio Tinto for the purpose of financing research to determine the areas of mineralization. Having reached advanced stages of the study, the guinea government seeks to enforce its laws based upon the published results of the study (One could argue that Rio Tinto knew this would happen and must now campaign a media defense for shareholders). The article notes Mr. Keita's continuing business related interest in keeping Guinea resources as values for Guinea's development. Applying the concept of Regional Infrastructure Development Networks to West Africa (I like my favored economic geography) with competent talents such as Keita may very well lead to Conakry hosting the 2028 Olympic Games.<BR><BR>notes from the article<BR>1.Rio Tinto makes din across Guinea and international media outlets peddling with the intention of having 100% of Simandou. Article 5.3's basic convention points out definitely that the retroceded areas have to represent a total of 50 for one hundred surfaces of its concession in conditions allowing the working of aforementioned retroceded areas.<BR><BR>2.Rio Tinto retroceded in the State the side, that is to say the perimeter of Simandou where there is not ore and consequently, the retroceded areas are not exploitable. On this point, there is not negotiation to be made! There is the single honest and normal manner of dividing the areas of Simandou into two equal parties: 50 for one hundred concessions in the north and 50 for one hundred in the south.<BR><BR>3.Articles 41 and 42 of mining Code are very clear and they are respectfully irremovable from the sovereign interest of the Guinean nation. Out of respect for Guinea law (mining Code) Rio Tinto should not have the concession before introducing a study of practicability for approbation to the government. As for retrocession, it must make the axis of distribution in two equal perpendicular parts in the longitudinal axis of Simandou. <BR> </SPAN>
Mr. Keita's discussion is very insightful. It is difficult to imagine him walking away from the Simandou opportunities. The contexts of the discussion seem to indicate that the Simandou concession was awarded to Rio Tinto for the purpose of financing research to determine the areas of mineralization. Having reached advanced stages of the study, the guinea government seeks to enforce its laws base upon the published results of the study (One could argue that Rio Tinto knew this would happen and must make a campaign a media defense for shareholders).
The article notes Mr. Keita's continuing business related interest in Guinea resources for Guinea's development. I wonder if Kansalas Resources S.A and Hubble Holdings, inc are apart of his business arms. Applying the concept of Regional Infrastructure Development Networks to West Africa (I like my favored economic geography) with competent talents such as Keita may very well lead to Conakry hosting the 2028 Olympic Games.
notes from the article
R1.io Tinto makes din across Guinea and media influence peddling with the intention of having 100 as one hundred Simandou. The article 5.3 of its basic convention points out definitely that the retroceded areas have to represent a total of 50 for one hundred surfaces of its concession in conditions allowing the working of aforementioned retroceded areas.
2.Rio Tinto retroceded in the State the side, that is to say the perimeter of Simandou where there is not ore and consequently, the retroceded areas are not exploitable. On this point, there is not negotiation to be made and you should not take the Guinean for people of ignoramuses! There is the single honest and normal manner of dividing the areas of Simandou into two equal parties: 50 for one hundred concessions in the north and 50 for one hundred in the south.
3.Articles 41 and 42 of mining Code are very clear and they are irremovable for the respect for the Guinean nation. For the respect for law (mining Code) Rio Tinto should not have of concession before introducing a study of practicability for approbation to the government. As for retrocession, she must play made before the end the study, where from the obligation to retrocede in the State 50 for hundred areas of Simandou from now on. The axle of distribution in two equal parties must be perpendicular in the longitudinal axle of Simandou. Both parties will be composed to each of 50 for one hundred complete areas of concession and they have to have square or rectangular regular geometric form such as demanded by mining Code.
4.If Rio Tinto is making a study of practicability at present, it is therefore obvious that there was serious error by allocating a mining concession without having satisfied the conditions of articles 41 and 42 of mining Code. If Rio Tinto is opening the mine for working, she acts apparently in the opposite sense of Guinean law and consequently, there was serious error by allocating him a mining concession in the failure to observe of Guinean law (mining Code).
The main environmental problems are associated with mineral processing in the quimbaletes wth the corresponding use of mercury and burning of amalgam. However, these plants are easier to monitor and environmental controls can be easily enforced. Adequate training and professional supervision removes the environmental risks from common methods for gold gold processing and refinement refinement. This solution is obtained by encouraging processing in large scale plants (Siguiri-with a modern Wastewater treatment system that encompasses mining zones)where environmental control is much easier, and existing laws and environmental quality protocols are more easily enforced.
Orpaillage- Artisanal exploitation of gold veins is based on hand drilling, using augers or chisels and sledgehammer. Given that it does not require equipment or oil, it is most suitable for remote places. It does not require technical knowledge for operation or machinery maintenance, and production is not stopped by malfunctioning equipment. Work progresses very slowly, at a speed less than ten percent of electric drilling and one percent of pneumatic drilling. Likewise, the investment required is also very low, one percen of electric drilling and 1/10 of one percent of pneumatic drilling.
Minimum investment for joe bloe the informal miner is about $50 and the operating costs for the different mining alternatives fluctuate between $142 and $186 per ounce of gold. However, a substantial part of potential earnings is reaped by gold and supplies traders. Mineral processing in their own plants, as well as direct trading of their gold would substantially increase the profits of miners.
I am an investor. The infrastructure projects are not about ownership; they require company people on the ground capable of connecting to opportunity. Contract Awards (I am getting x dollars from The World Bank, IMF, Big Private Bank, Kentucky Fried Chicken (whatever) to Build y) are equities for business loans (materials, labor, management).
We will learn umng management's intentions this week when and if they detail shareholder information, the B of D, business plans, financing, etc .
I am describing the windows of opportunity for Guinea and companies with operations inside its borders. UMNG is inside Guinea and if its advocates are influential enough and it broadens its business portfolio to include construction as a division of its operations then it can capture World bank, IMF, and other domestic and international financiers dollars for development opportunities. Literally thousands of companies will be conducting business in Guinea (think along the lines of the Asian tigers model). There is no reason why UMNG cannot position itself to participate in Guinea's economic revolution.
*Someone will get the first modernizing Wastewater treatment contract in Guinea before the New City undergoes construction (It is very unlikely that it will be UMNG but if company officials or significant shareholders read the messageboard who really knows, today, what they can do (I live in Hope)
Niger-Tinkisso. 17/01/02; Kankan; 400,600 ha; 11°20'N 009°15'W. Réserve naturelle gérée. An extensive area of river and freshwater ponds and marshes between and around the Tinkisso river and the Niger as far as the frontier with Mali, centering upon Siguiri, particularly representative of the most important wetland types of West Africa. The Western Giant (or Derby) Eland, thought to be extinct in Guinea, has been rediscovered within the site but remains threatened, and appreciable number of both waterbirds and molluscs are reported. Water quality is generally good, but the effects of mining (particularly gold mining) and pesticide runoff from cotton culture will bear close watching. Ramsar site no. 1166.
Hydrological concerns favor the building of the triangulating financial center east of Siguiri, but the fundamental arguments for its construction remain as potently valid as the ramifications for business and governmental interest locating in Guinea.
Siguiri is the perfect site for purposefully designing and building infrastructure supportive of a large modern city. Leveraging (development loans-venture capital) feed loops will put mining development dollars to work building economic stability and growth throughout the entire mining region if it geometrically interrupts the current failed transportation of value system. As Guinea's gold font, Siguiri's native wealth (value) will perfectly triangulate business traffic throughout the Dabola, Kankan, Siguiri, and Nzerekore corridor if a residing modern banking network is established to seat its impetus....Kouyate' may no longer be PM but he can be a business TITAN if named to the boards of well oiled companies starting or with established operations in Guinea because of his resume (better than almost all former and current government officicals who should be just as ready for participation regardless of the scale of immediate personal wins).
Conakry benefits from the modernizing wealth machine's attractiveness to its laboring classes in need of opportunity, from improved taxable resources; its energy hub offshore.....See a comparatively luxuriant real estate boom because of the size of its skilled classes.
Classic : Is the glass held by half full or half empty shareholders? (close. bid/ask)
I restate concerns about the registration certificate and share structure A/S and O/S (local Guineans with clout will invest in companies for the same reason as western investors- return on investment). If the A/S and O/S change to promote the interest of market makers (big caps) then this company is dead in the waters of Guinea development planning and will only scratch out a few million dollars of revenue annually at best if at all.
I am only stating facts about the parameters for Guinea's impending upgrade from third world status not answering dumb questions.
Guinea development: how Kansalas Resources and Universal Mining can be a player (1,000s of companies and 100s of billions of dollars)
Most international companies operating within Guinea are now including language supportive of planning and investing in villages and cities infrastructure improvement projects.
The Kankan to Conakry railway line was likely disabled because of the large numbers of villagers hopping the train to slumtown poverty in Conakry and the promise of a more western life because there was no opportunity for quality of life improvements in their native regions.
Ideally, in the big picture, the Organization of African States, the IMF, UNCTAD, World Bank, etc all would like to see a transafrican transportation system; strategically pinpointed large cities growth; Eco-conscious widespread rural infrastructure improvements that protect sensitive ecosystems and preserve forests; etc.
Resource rich Guinea is purposed by the international community to be another African state financial spark plug for longterm continental development (DD). Building schools and modernizing village life throughout the settled countryside is essential to this planning. City and village planning for population satisfying upgrades (schools, hospitals, city services, pubic employment,etc) are the primary reason for the Guinea government's willingness to suspend or void existing mineral contracts.
The Siguiri mining region is a prime example of the longterm development and migration problems of Guinea. It is currently without a well developed large city and village life is mostly about dancing shantytowns and hard labor for the lucky with squalor as opportunity for many.
There is hope that the region will grow around an urban center that will require a new triangle for the transguinea railway (more transAfrican accessible); this is where the cost splits between the disparate mining enterprises and international financiers become essential.
Companies working in the region will capture labor resources needed to build the infrastructure. Their legitimacy will require connection to mining enterprises. Universal Mining Corporation and Kansalas Resources may very well become school, hospital, private builders, etc. Regardless companies like UMNG will definitely startup in Guinea and connect themselves to local concerns (small companies) and then be awarded lucrative development contracts that will eventually provide handfuls revenues above $200 million.
no. that is just simple business logic. the website investor information page has an update from which I am drawing hopeful inferences.
http://www.universalminingcorporation.com/fr/site/investors/overview
I started to think about the share structures of tshl and uchb and their companies single minded interest in providing financiers (market makers- who always know how many shares you own through them; stock certificates locked down by pending trades or actual possession; and contol over the outstanding float-) with self-advantaging short selling opportunities while Company personnel of the traded companies are in business for set salaries and doing work in their trained vocation (usually engineer of sorts) as their own boss.
universal mining will restore positive share price movement by making clear that o/s and a/s numbers have not changed; that the control position is proportionate to both a/s and o/s; and where the money is coming from while the add is still fresh in our minds. If they hide these facts the opportunity to bump up the share price for also company funding opportunity stock sells will never exist and this company will stay a doormat.
Obviously we are all hoping that production moves quickly (open pit mining) and executive pay is derived from a base pay, dividends, and contract signing awards rather than the awarding of ludicrous share amounts wrom an equally ugly a/s total.
Its as though we've crossed our fingers to hope that new ownership is already carrying a nice bank account that it is investing in development projects to guarantee the best possible returns
Kansala is in the heart of the most logical route for a collaborative development of a transguinea railway.
according to rio tinto, bleaker credit markets are an obstacle to railway development (we want to share the debt burden with everyone that is going to benefit or can benefit from the railway's construction) http://www.riotintosimandou.com/ENG/media/media_releases_705.asp
http://guinea.travel.selfip.com/report/Guinea/Kouroussa/Kanki
http://www.reliefweb.int/rw/fullMaps_Af.nsf/luFullMap/B82E11FF77EC3D30852572DB0052BFA4/$File/wfp_REF_gin070118.pdf?OpenElement
The apparent chaos in the small mine workings belies the highly structured orpaillage system within this region, which is largely led in each village by the village elders’ council, which in turn is led by the village founder family member. He is usually also the landowner of the area in which the village is located.
Each orpaillage site (dama) has a chief (dama tigui) who is the eldest member of the village’s founding family who first practised orpaillage in the area. He is charged with managing all issues relating to orpaillage within the village. The day to day management of orpaillage issues is overseen by the village orpaillage committee (tombolina), led by the Tombolina kutigui.
Orpaillage system at Siguiri
Each village has well-known orpaillage sites within its territory called placers, which are divided into surface units (be) by the village orpaillage committee. The village committee allocates places to dig subject to payment of fees (around 25,000GNF per season in 2007 – equivalent to around US$5). These individuals then need to join a five-person team led by one villager (autochthon). On average each orpaillage hole is exploited by 22 people (see diagram).
Other fees are also collected by the orpaillage committees:
*motor pump owners pay between 100,000 and 25,000GNF to access each unit in each places, from the proceeds they earn by pumping water from holes;
*gold buyers operating in the area pay around 3,000GNF per week; and
*traders doing business in the area (food and other articles) pay around 3,000GNF per week.
Certain rules are associated with the orpaillage and punitive fines of around 10,000GNF may be instituted by the committee.
Every orpaillage committee pays an amount of money to:
*the Communauté Rurale de Développement (CRD) as a contribution towards the development of the village;
*the Prefectoral Office of Mines, which in turn returns 60% of the fees paid back to the CRD in which the place is located; and
*a tax to the Prefectoral Office of Forest Resources for using wood to support their hole walls.
In addition to the income provided to household members, orpaillage is an important source of funding for the villages and, in addition to goods and services for the village, is used for larger scale projects, such as the construction of a water reticulation project in Kitinia and the planning and construction of the Fatoya High School.
Universal Mining Company may appears as a tier in the Anglogold Ashanti( gold miner and trader) and the Guinea government's artisanal mining collaboration.
What has likely occurred is that the government of Guinea sold portions of its bargained interests (15%-of total produced) in the original agreement with Anglogold Ashanti to friends of state local companies employing villagers as artisanal miners. By convenience, Anglogold contracts with these companies as well, because for the most part locals are providing labor power for the entire project.
Universal Mining fits into this arrangement as a financier and resource manager to friends of state companies that can contract and intermediate for other large mining companies at mines throughout the region.
If executives at Universal Mining Corporation have more than just upstart business and political connections along with financial wherewhithal they will accumulatively add at maximum 40-50 million in year to year revenues until they reach the buyout bottleneck.
all that us smallside investors can hope is that the new operators who have stepped to the plate are willing to stake value to the company as compliments to new agreements. Removed share value must be replaced
(This is the i have $______________ amount of (stand beyond doubters for profit) money and i am committing myself to being a corporation engineer because I believe I possess the talent, resources, and connections to lift my business pursuits above ground and I am possessed by the intention of climbing executive level ranks at buyout institutions....)
I am annoyed. You don't place an ad inside Barron's if you don't have a SIGN HERE deal ready to PR to increase the appeal of what is only an advertisement by an empty box that is not worth the risk company until publicly stated otherwise. If you are spending money so freely on advertising for what you know is an empty box (without immediately proceeding gratifiers) then the more time that elapses the more incompetent the fiscally responsible investment community will perceive you (management). Play the cards or Fold NOW stop blowing wind and wasting money even at 500-600 dollars a day propping up the stock price
well if you are going to spend money on an add inside Barrons, then you had better act swiftly to solidify the appeal of your company by adding measurable assets. Otherwise the stillness will kill the investment.
Additionally, the best time for share price propping is during december. So adding real value assets can allow insiders to advantageously recoup investments at inevitable tax costs. In real terms, for large shareholders, paying taxes 9 months from now is less uncertain (cost dangerous-selling competition) than paying them 21 months from now.
Universal Mining Corporation
http://www.universalminingcorporation.com/fr
The company broke my investment by august. And I was out by october. Am considering selling other equities to establish losses and buy back but that depends upon who is named to the board and the potential for value acquisitions.
I defend the practice of startup houses. None of the packaged companies earn revenue at inception and UMNG is now a few years beyond 1212 Redpath. The extent of Cortellazzi's holdings may be uncertain, but judging from the performance of other ventures I'd expect that his stake is very minimal now.
Do you know what a startup house is? Idea Factory?
Your Cortelazzi Consortium is a startup house. Usually, there is a transition period and several brands of ownership before revenueless companies acquire earning power. Granted, the vast majority of corporations gain their start with a personnel unit that will guide the company to profitability, but usually in these instances earnings attend the commencement of business.
The startup house model, however, profits by packaging companies and opportuniities for sale. It is ownership changes that provide these very risky investments with actual resource opportunities for revenue. For UMNG, we've seen the colonel and Balla Keita introduce new business relationships to the company and Now Rejean Morrin is bringing on board new partners. Whether the material results will be different depends on the as yet undetermined quality of their business relations and networks
http://www.sec.gov/cgi-bin/browse-edgar?company=globex+mining+&CIK=&filenum=&State=&SIC=&owner=include&action=getcompany
It is illegal for ONE company to have more than one Central Index Key (CIK). I experienced a similar situation with Aerofoam Metals (AFML) http://www.aerofoammetals.com/investors.htm
Official name changes are not recognized by EDGAR until filing status changes occur or a company goes through what AFML went through.
so you're telling me that when you type umng
into the ticker symbol or cik box here http://www.sec.gov/edgar/searchedgar/companysearch.html
you dont arrive at the same documents that I have posting here for the last year?
The PR of being hollywood saxphonist cool is because the compositionary gifts are also artistic. The source to see produced the swimming ideas that were loaded into film by editing the musically composed still photos. imdb & andyadkins.livejoural.com
Unlike MRES and HRRN, UMNG is keeping up with its registration activities with the SEC. Someone must still be working at UMNG. Why let HRRN and MRES registration expire and not UMNG if your Idea factory, investment house, was being investigated. It could be that the registrations for HRRN and MRES are resting their hopes on any potential realized success that UMNG may obtain.
http://www.sec.gov/Archives/edgar/data/942220/999999999708035277/9999999997-08-035277.txt
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The PR of being hollywood saxphonist cool is because the compositionary gifts are also artistic. The source to see produced the swimming ideas that were loaded into film by editing the musically composed still photos. imdb & andyadkins.livejoural.com
HowardHaftel find your post
Guinea, China study mines-for-infrastructure deal
Thu 31 Jul 2008, 16:08 GMT
[-] Text [+] CONAKRY, July 31 (Reuters) - Guinea and China are discussing a deal which could see billions of dollars of Chinese investment in return for mining rights in the West African country, which has a third of the world's bauxite, a Guinean minister said.
A delegation including officials from the Chinese Development Bank recently spent a week in Guinea and is due to discuss a range of investment projects with state and private sector investors back in China, he said.
"The first phase has just happened in Guinea. A mission is expected to go to Beijing in the next few months to meet with the Chinese companies about the operational details of this agreement," Guinean Economy and Finance Minister Ousmane Dore told state television late on Wednesday.
"On their return to Beijing, the Chinese side and Chinese authorities and companies will examine the mineral resources offered by Guinea, which could be the basis for an overall deal worth billions of dollars in investments," he said.
China already agreed in January to fund a $1 billion hydropower dam in Guinea in return for rights to mine bauxite, the aluminium ore of which Guinea is already the world's top exporter.
"The strategic committee has been formed ... it is a win-win partnership. The Guinean side has put forward really important projects, projects which would allow Guinea to emerge in the near future," he said.
"By making bauxite and iron ore available to the Chinese, Guinea could unlock an overall sum of investment that could support these projects," he said.
As well as bauxite, Guinea has significant reserves of iron ore, diamonds, gold and other minerals.
Existing bauxite operations are set to expand in the coming years and an official from a national anti-poverty programme said last year that big mining projects in Guinea would bring in nearly $27 billion in investments by 2015.
Guinean Mines Minister Ahmed Kante said on Tuesday that Rio Tinto's <RIO.L> planned $6 billion Simandou iron ore mine was on track and would benefit both Guinea and the company, in an apparent effort to ease concerns over the legal status of the project.
A letter sent to Rio by the secretary-general of Guinean President Lansana Conte's office in June queried the validity of a decree giving Rio access to the ore, but the mining company insisted its legal status was secure. (For full Reuters Africa coverage and to have your say on the top issues, visit: http://africa.reuters.com) (Reporting by Saliou Samb; writing by Alistair Thomson; editing by Michael Roddy)
Don't get excited Rio Tinto will likely assert influence over the entire course of events, but without the burden of debt obligations.
UPDATE 1-Rio Tinto says Guinea mining concession rescinded
Fri Aug 1, 2008 12:51pm EDT Email | Print | Share| Reprints | Single Page| Recommend (0) [-] Text [+]
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LONDON, Aug 1 (Reuters) - Mining group Rio Tinto Plc/Ltd (RIO.L: Quote, Profile, Research, Stock Buzz) (RIO.AX: Quote, Profile, Research, Stock Buzz) received correspondence from the President of Guinea purporting to rescind its concession to dig a huge iron ore mine in Africa, the company said on Friday.
The group had already received a letter from the president's office in June querying the validity of a decree granting the concession.
Rio Tinto said it had negotiated and executed the concession in full transparency with the Guinean government and was in discussion with relevant ministers with a view to resolving any outstanding issues.
"Rio Tinto remains confident that its arrangements are in all respects in conformity with Guinean laws and that it has complied with its obligations," the group said in a statement.
It said it is studying the issues raised in the correspondence in conjunction with its partner in the project, International Finance Corporation.
Rio Tinto had previously said the strategic importance of Simandou to the group "cannot be overstated, given the size and quality of the deposit and the market opportunity".
The project is intended to deliver 70 million tonnes of iron ore a year, and potentially more than double that over time. In total, the group produced 145 million tonnes last year and is aiming to produce 220 million tonnes in 2009.
The cost of the Simandou project to Rio Tinto was estimated to be $6 billion, with $200 million already spent. (Editing by David Holmes)
The PR of being hollywood saxphonist cool is because the compositionary gifts are also artistic. The source to see produced the swimming ideas that were loaded into film by editing the musically composed still photos. imdb & andyadkins.livejoural.com
The SEC published new corporate governance rules for web content on Wednesday.
Recs: 1 Revision of the mining contracts - Rio Tinto threatens Guinea of a “very long legal battle”
© Rio Tinto, the Saxon giant anglo of the mines announced, by the voice of Sam Walsh, the head of Department Iron, that the méga project of 6 billion dollars of exploitation of the 2,25 billion rich person iron ore Simandou will be delayed because of the fact that the Guinean government continues to call into question the concession contract mining granted to the company in 2006.
This information was published this morning in the Australian press which follows with interest the saga Rio Tinto - BHP Billiton.
Rio Tinto uses this concession to require a better selling price vis-a-vis the attempt at tender offer of the company BHP Billiton which seeks to even repurchase the mining giant having swallowed Canadian Alcan in 2007 to him. Already Rio Tinto pleads for a “time of grace” by sending the direction of Simfer SA, the subsidiary company of Rio Tinto in charge of the exploitation Simandou to meet the Guinean Minister for the mines, Ahmed Kanté on July 16 last.
According to Mr. Walsh “if the Guinean government persists and blames the validity of the concession mining of Simandou, a very long legal battle will be followed from there.” Mr. Walsh insists that the company Rio Tinto fulfilled all its obligations relating to this project in Guinea.
Simandou was to begin the production in 2013, with a production devrant to reach l70 million tons per annum in 2018. The project is titular approximately 2,25 billion tons of iron ore which should be evacuated by a railroad transguinéen. The company estimates to have invested nearly 100 million dollars and to have launched a recruitment campaign solid mass of personnel to Guinea and abroad.
According to certain specialists, it is not normal that all the exploitable surface is given to only one company in which the Guinean interests are not present, because according to preceding experiments, there is no guarantee that the achievements of the announced projects will take place. Thus for example, the rise of the oil prices, the crisis of credit make already the project very expensive. “For each dollar of rise of the price of barrel, the project increases by 100 million” estimates generally well this specialist with the current in the transaction mines. Moreover, one possible world recession can lead to a decrease in the demand and the company goes purely and simply to give up the project and Guinea will not be able anything.
What worries about other specialists is that Guinea on the spot makes the same error by not requiring the transformation steel ore. “Ca makes 30 years that the Guinean bauxite is exported and the mining companies which promise to transform the ore on the spot, never did it. Why not to require it as of now especially that economically, there be no justification to export rough ore with the current costs of transport?” question this specialist.
Rio Tinto Pleads for More Time at Simandou
The management of Simfer SA , Rio Tinto ’s subsidiary charged with mining the iron ore deposits in the Simandou mountain chains, met officials from the office of the Minister for Mines, Ahmed Kanté , on July 16.
Iron Ore - 23/07/2008 www.africanintelligence.com
The PR of being hollywood saxphonist cool is because the compositionary gifts are also artistic. The source to see produced the swimming ideas that were loaded into film by editing the musically composed still photos. imdb & andyadkins.livejoural.com
CBG bauxite mining?
It seems financiers are requiring Guinea to back new infrastructure development loans with revenue from existing mining operations. Hence Alcoa's willingness to relinquish control over CBG to a mining committee (several partners? corporate entities?) thus allowing it, Alcoa, to keep CBG acquired debts off of its books.
I am postponing judgment on prospective meanings for UMNG. My stake can have as little value as my stake in SGRZ or it can find solidity
The PR of being hollywood saxphonist cool is because the compositionary gifts are also artistic. The source to see produced the swimming ideas that were loaded into film by editing the musically composed still photos. imdb & andyadkins.livejoural.com
I would agree with you if there was ever a situation in which an African Country had raised itself above third world status and then fell down again as a result of non-HIV related turmoil. The fact is that African Countries have been the most bullied and abused in modern economic history. Africans have been left as the downtrodden of the downtrodden. Now a few African elites (politicians- Nigeria's government(short-sighted stupid people) needs to share the wealth by expanding social initiatives or opening itself up completely to NGOs and the UN) are able to enjoy first world status by keeping a stranglehold on power. Provide first world opportunities to the people and it will increase social stability and decrease political malfeasance.
The PR of being hollywood saxphonist cool is because the compositionary gifts are also artistic. The source to see produced the swimming ideas that were loaded into film by editing the musically composed still photos. imdb & andyadkins.livejoural.com
Guinea would not be undergoing social turmoil if Simandou concession holders were pursuing the infrastructural improvements necessary for iron ore extraction. Everyone is happy and quiet when the money flows freely; contracts are as stable as the financial ummph powering the agreement's fulfillment. If Rio Tinto won't act, there must be other financiers willing to put these people permanently to work at permanently fair wages.
Let's start a start-up house, an idea factory, to license and organize potentially lucrative ventures. We'll accept shares as payments and then pass along promising opportunities to bigger financial houses when certainty of revenues is found.
The PR of being hollywood saxphonist cool is because the compositionary gifts are also artistic. The source to see produced the swimming ideas that were loaded into film by editing the musically composed still photos. imdb & andyadkins.livejoural.com
My historical intuition suggests that Sacha is a Western educated (Oxford?)conakry local notable. That intuition presupposes that I am at the right place at the right time
when this stops being a cheap penny stock will others move over to the yahoo message board?
The press release indicating JMdM's resignation from his post as CEO of UMNG did not mention whether or not he would continue to fulfill obligations as the Chief Financial Officer for Comitrag. Is this elision telling what his other pursuits will be?
Just as validly. One can forsee international investors sponsoring the formation of private companies within a nation-state to avoid the very common lengthy regulatory delays that they would otherwise encounter if they were directly pursuing the investment. Thus, Rio Tinto has Simfer, SA.
Comitrag, SA can just as easily subvert the 1998 BOT convention for international investors as can Simfer, SA. I really doubt that the National assembly is called in to vote approval for five and dimes, chain stores, private schools, airports, bus stations, community road developments or any other community b.o.o.t. or b.o.t. developments that are not occurring as a direct result of signature agreements between governments in Guinea and International actors.....
I am annoyed by your interjections of semantic ambiguity into my specifically designed posts WHEREIN I MADE SPECIAL CRITICISM OF YOUR ATTEMPTS TO DELEGITIMIZE THE CONCEPT OF BOOT AGREEMENTS IN SOME OF YOUR POSTS AND IN OTHERS TRY TO CONSTRAIN IT TO LEGISLATIVE RULES WHICH EXCLUDED IT.
As you guys have made clear THIS IS NOT A BOT AGREEMENT AS DEFINED BY THE 1998 BOT CONVENTION. You can't have it both ways. You can't seek to delegitimize the press release because BOOT is not included in the 1998 Convention or Require that BOOT be counted as a legitimate part of that convention and meet its standards.
I have identified this new title that may one day be counted within the convention as it really is A grab for Greater Political Power by the Executive Branch. This move is thus completely consistent with Conte's actions since his ascent