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12/06/18
20:24
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Originally posted by Mikjas
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I'm thinking things may not be quite as tight as they are implying.
Although I can't see where they can get a major improvement as their doesn't appear to be a cheap way to get the coal to a local port and the power station MOU has been silent for a long time.
Having said that I'm impressed that they have kept things ticking along all this time and things are improving month by month.
More upside than downside at 1.3 cents i think
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Re the Power Plant
Sorry, have been meaning to post this for a while...
http://www.ewura.go.tz/wp-content/uploads/2017/01/Power-System-Master-Plan-Dec.-2016.pdf
Page 64 shows their "optimal" plan is to have the Ngaka power plant up and running by 2023, which means a start date of around 2020. So dont hold your breath for that. It means its coming, but no time soon.
There is the Sinoma & Hengya Chinese cement plant in the works though, which will need ~1m tonnes of coal a year, although I can't seem to find a more recent update on the progress of the build of the plant.
http://www.globalcement.com/news/it...inoma-and-hengya-cement-to-build-us-1bn-plant