Barminco’s Post

When it comes to the deal PNG politicians have signed with Singapore, which gives PNG tribes and clans 60% of profits (not revenues) from the carbon credits generated by their rainforests ... I've pointed out that PNG politicians and bureaucrats are SCREWING PNG tribespeople out of the revenues generated by their constitutionally protected rainforest property assets. The PNG Government is engaged in an act of treason against the PNG constitution. All the revenues generated should go back to PNG tribes who own the rainforest, and not just a percentage of the profits. By contrast, gold mining is a bit more complex. Unlike carbon capture from growing rainforest, gold mining is a capital intensive and skilled labour intensive business. That labour and skilled resource has to be paid for a a fair return provided to investors. The key for the gold mine, is transparency. How are profits or revenues measured? Is that information transparently reported back to land owners? Why can't a mining royalty be paid instead? Can those royalties (or profits) be accrued into a trust fund so that even when the mine is exhausted, local people continue to earn a steady income?

Ghana’s only operational bauxite mine, Ghana Bauxite Company (GBC) is now fully owned by Ghanaian Companies; 80% shares held by OPCL, a wholly-owned Private Ghanaian company with the remainder 20% held by GIADEC. GBC has expressed interest in expanding its concession to include two (2) additional hills. #giadec #gbc #aluminium #integratedaluminiumindustry See less

Thunder Gold to sell remaining 25% interest in Namibia's Dor-Wit copper (OTCMKTS:TGOLF) - Seeking Alpha: Thunder Gold to sell remaining 25% interest in Namibia's Dor-Wit copper (OTCMKTS:TGOLF)  Seeking Alpha

Koryx Copper (TSX-V:KRY, OTCQB:KRYXF) President and CEO Pierre Léveillé joined Proactive's Stephen Gunnion with an overview of the company's projects and the dynamics affecting the #copper market. The company, formerly Deep South Resources, is focused on the Haib Copper project in Namibia, which boasts a significant deposit with over 1 billion tonnes of ore at 0.31% copper. It aims to increase this grade through ongoing drilling. Additionally, Koryx holds options on three licenses in Zambia's copper belt, though these are at a more exploratory, greenfield stage compared to Namibia. Léveillé explained the recent amendment to the Preliminary Economic Assessment (PEA) for the Haib project, clarifying that technical and economic aspects remain unchanged. The amendment was to comply with the National Instrument 43-101 reporting standard. Watch at #Proactive #ProactiveInvestors #TSXV #OTCQB #KRY #KRYXF http://ow.ly/pr3C105aX1i

Bougainville's Panguna copper mine redevelopment requires major investment Reopening the Panguna copper mine in Papua New Guinea would require billions of dollars in new investment, according to Bougainville Copper Limited chairman Sir Melchior Togolo. Speaking at the Papua New Guinea Resources Summit, Togolo stated that despite Panguna being one of the world's largest open copper mines during its operations between 1972 and 1989, potential redevelopment would involve significant initial capital costs. However, he suggested a smaller initial operation could be feasible, expanding as production becomes established. Togolo emphasized that the project's redevelopment would stimulate economic activity and have multiplier effects across the local economy. #PangunaCopperMine #Redevelopment #RequireBillionDollarInvestement #PNGResourceWeek

Next steps for Siren Gold Limited to progress the Reefton and Sams Creek project.

We have published an update on AbraSilver Resource Corp., in response to its important earn-in deal (and other financing moves) with Teck Resources Limited on the La Coipita project in San Juan province in #Argentina, the new hotspot in LatAm for large copper projects. We discuss the details of the deal, the asset involved and the outlook for San Juan province and its #copper evolution.  https://lnkd.in/gsx4VerM

We have published an update on AbraSilver Resource Corp., in response to its important earn-in deal (and other financing moves) with Teck Resources Limited on the La Coipita project in San Juan province in #Argentina, the new hotspot in LatAm for large copper projects. We discuss the details of the deal, the asset involved and the outlook for San Juan province and its #copper evolution.  https://lnkd.in/g4w8CiEV

Ghana is making significant strides towards realizing its vision of building an integrated  aluminum industry, with the selection of strategic partners,  Rocksure International and Mytilineos Energy & Metals, for the construction of two alumina refineries and the development of two mines at Nyinahin-Mpasaaso in the Ashanti Region.The project, which is expected to be a game-changer for Ghana’s economy, has already completed its first phase, which involved prospecting and mineral resource estimation (MRE).The results of the MRE have confirmed that Nyinahin in the Ashanti Region has an estimated 700 million metric tonnes (MMT) of bauxite deposits, out of a total of 900MMT in Ghana. https://lnkd.in/dK-Uf23a

Our mine in Nigeria