RIO - $6.2 BILLION - AFRICA Who really owns RIO ? ( think )
RIO is... Canada's prized miner.
Why spend $6.2 billion vesting in Africa = foreign country,
30%+ royalties to black indigenous party.
Building iron mine and..... 552 km of rail line ?
While Canada pitches no new roads ?
$6.2 billion would spark up 3 new nickel mines in, Canada.
- they'd have the iron, nickel, copper, cobalt and plats....!
- canada needs new mines to compete
Again, carbon capture has set back canadian nickel juniors ( wasted years )
No carbon seq profits seen in, economic reports.
No new roads, no Mg credits...
Came across another article....
someone promoting Africa... trying to attract the larger players.
Such tactics takes from North America.
Feb 21, 2024 — The project entails the construction of a 552-km rail line to transport high-grade iron ore from two new mines in the Simandou mountains — one
What if US does buy Indo nickel ?
What if Foreign battery plants setting up in Canada source their nickel from Indo / China ?
= Canada checkmated.
= affords more time for others to devour canadian nickel juniors.
= such as ncp's current pp that massively dilutes share structure while Gov't funds avail
= recent ncp video said they'd use Gov't funds
Wellgreen needs a pfs revamp