Fortune Minerals Ltd T.FT

Cobalt export ban from Congo

[Marketbeat]

Further to my last post: 

https://www.mining.com/drc-bans-export-of-cobalt-copper-concentrate-fastmarkets/

both jrv and cob on the ASX had big gains. We should see a nice uptick today. Let's go ft

[red]

I guess safe to say that negotiations for more royalties to the DRC government from Miners is not going well?? ....it will be a never ending story as will be the efforts to control and somehow improve the lives of the mom pop and children artisanal mining that so many have capitalized on....and continue to do so.  wait til Greta gets her feet on the ground there.....and is a story yet to

[Tuckerthefox]

Holy F, If that doesn't shake things up what will?

[geolith]

it's just a high stakes game of chicken. Both sides need to see sales, so this is uikely to last more than 4 weeks. We shouldn't see too much impact longer term.

[Jim1712]

This post has been removed in accordance with Community Policy

[AbuBaba]

Congo allows copper and cobalt exports for miners with waivers https://finance.yahoo.com/news/congo-allows-copper-cobalt-exports-134457185.html Congo government wants to encourage local processing capacity. What's wrong with that? Make Congo Great Again, as it were. The government will no doubt seek to strike a balance with mining companies. This move is not so different in spirit from FT

[red]

Please dont relate the DRC corupt government tactics, ambitions and practices to anything here in the north or about any development in the north - we may be a bit back woods up here at times but I sure as h-ll never saw any blockades on any ice road or anthing like that from anyone or any goverment in order to squeeze miners regardless of the billions made in gold, diamonds etc etc  In

[AbuBaba]

There is so much red tape around resource extraction in Canada -- that is its own corruption. FT's own management has spoken of this reality. Canada's layers of often spurious regulation work to the advantage of special interests in many instances with a patina of legality around such rent-seeking. What is insulting is the belief that just because 'developed countries' embed such &

[red]

Your being ridiculas and you know it - Red Tape ? of course we have that and i am not saying it is good, but i dont know where your from but it red tape gets handled in your neck of the woods with under the table payments etc to government employees and polititions bring it on i would like to see it. I work with government all the time - you cant even buy them a GD coffee without an incident

[AbuBaba]

Canada's bureacurats and consultants don't need you to buy them a coffee: https://nationalpost.com/news/politics/costs-for-consultants-hired-by-government-rise-by-6-billion-under-liberals  

[red]

Nice bait and switch .... Canada is not or nowhere near they type of county as the DRC ..... 

[elitespooner]

ODD thats where the investment is ..

[elitespooner]

Pretty sure the Inuit had blockades in the North setup this past winter. Red, here is the international publics perspective on Canada, https://www.ubcic.bc.ca/canadafailingindigenouspeoples

[red]

I was waiting for some one to chime in on that - thanks The red iron dust that was covering the tundra not ever seen before would raise your hackles too ...and the matter was resolved with our a single protester being shot, beheaded or imprisoned ...I liken to Benjamin Moore paint overspray from your neighbours fence on your new Audi in the driveway ( after you capitalize on your FT). 

[elitespooner]

DRC backtracks on Ban of Cobalt and Copper Concentrate https://twitter.com/JamesTFrith/status/1398219673536192512 James Frith @JamesTFrith The DRC has backtracked on its export ban for #cobalt and #copper concentrates. #battchat 6:08 AM • May 28, 2021 • Twitter Web App

[red]

I wonder what that cost Glencore ? 

[elitespooner]

wonder why Canada has no problem importing it

[red]

Because we don't have sanctions yet, I guess ? ... remember South Africa .... my guess as soon as Greta gets there and some other sources develop, like FT .... those sanctions  coming