From early exploration to mine construction stages require intensive capital which most african owned entities do not have. Hence they heavily rely on foreign entities to bring cash in exchange of equities/shareholding. There is no conspirancy. Try to set up your own mine and you shall see how far you get
No foreign companies are allowed to extract minerals in America, China, or Europe, but in Africa African countries rely on foreign companies to extract their own minerals. Don’t we have engineering companies with African engineers in Africa? This trend must end!
@sparkes_dwayne Very encouraging piece, for us who have been exploring for lithium for the last 5 years. We were about to let go our most advanced exploration project, but after reading this post, we will keep it!
@dokitawaa @HerbalistChief Sounds advice. Could you please open your DM? I would like to share with you a similar case for which help will be greatly appreciated
Critical minerals are facing massive deficits over the next decade.
- Copper: ~33% deficit
- Lithium: ~38% deficit
- Nickel: ~15% deficit
- Cobalt: ~14% deficit
These deficits aren’t theoretical....They’re the result of underinvestment, long lead times, and rising demand.
This bull market is just getting started.
Unpopular Opinion:
Organized religion was a government psyop by early civilizations to scare their populations into compliance and servitude, with the promise of an afterlife.
And now modern day humans are fighting over which way to worship the same entity, which is dumb.
@MikeSonko The irony is: he will still use this money to sort a dependents problem, either wife kids or relatives. Men don’t really put themselves in front but thier responsibilities
I didn't pay a cent for my PhD. Instead I got paid to do my PhD in South Africa.
I only paid with my mental health like all other PhD holders and dropouts.
Newmont Mining reported record quarterly earnings of $1.832 billion, or $1.67 per share. This compares with $922 million, or $0.80 per share, last year. Revenue rose 20% to $5.524 billion from $4.605 billion a year ago. Yet the stock is down 7%. Clearly, there is no gold bubble.