I just had a read of the full chinese ver of 2022 annual report of Zijin Mining (Link: https://www.zjky.cn/upload/file/2023/03/24/5e2b3c3a1fa74e60af3d1bbf9c56becf.pdf ) trying to find any mentions of manono project, there're the findings:
- on page 191, where all JVs are listed, it states it's part of "Dathcom Mining SA (Note #6), with 15% indirect shares"
- Note #6 says "According to procedure of Dathcom Mining SA, the board is made of 6 directors, Zijin can assign one director. Zijin management believes Zijin can make significant influence on decision making (financial and process wise) and therefore counting Zijin as part of the JV in this annual report
There's no other mentioning of Manono in this entire report.
imo Zijin is trying to avoid talking too much on this project which is a good thing because they are not confident with what's gonna happen next.
If you search the term Dathcom, there is more.
Particularly interesting is the prescribed asset value of it's legally acquired (LOL) 15% of Dathcom: CDF 100,000,000 ($US 48,600). Maybe Zijin has written it down to this figure because they know it's lost.
Cheers
F
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