AVZ Discussion 2022

[wombat74]

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Now that's a face you can hate . Imo

 

[Rediah]

As my body is not made for OnlyFans, so once we go $2 I will start GoFundMe for this VW from TSE AVZ members , do not disappoint me peeps, i NEED this....

Macquarie doesn’t see ‘material volume from new spodumene producers until CY23’, ups lithium price target​

Aussie global financial group, Macquarie, has upgraded its lithium price outlook to reflect the current tight lithium market and buoyant spot lithium prices.

The bullish report titled ‘Australian lithium miners – Upgrading lithium price outlook’ says it maintains its preference for Australian based producers with Pilbara Minerals and IGO remaining unchanged as its top two picks, offering strong production upside.

“PLS offers the greatest leverage to spodumene prices with the improved outlook driving a 40% lift in our price target to A$5.60,” the report authors write.

According to the report, domestic Chinese lithium carbonate prices continue to trade at material premiums to regional lithium carbonate prices, and the broker expects a price differential between regional prices and Chinese prices reflecting a 3-month lag, which will close in CY4.

“We do not see material volume from new spodumene producers until CY23,” the report authors write.

“We lift our peak price assumption by 2% to US$5,000/t (realised quarterly average) and upgrade annual prices by 55% for CY23 and 107%, 114% and 110% for CY24, CY25, and CY26 respectively.”

NOW READ: Pilbara Minerals lifted its gross margin by more than 1800% last year

Volkswagen will sell only EVs in Norway from 2024​

Volkswagen will pull all its new combustion engine cars from the Norwegian market from 2024, the company’s local importer has said.

The Norwegian government has already put in place a target to discourage the sale of combustion engine cars altogether from 2025.

It is already a market leader in electrification of transport, and more than eight of of 1o new passenger cars sold are already battery electric there, the result of three decades of supportive policy in Norway.

The new announcement that came via Volkswagen’s importer Møller Mobility Group – which imports and sells all Volkswagen group vehicles including VW, Audi, Škoda and Cupra.

It means that Volkswagen in Norway would say goodbye to combustion engines two years earlier than demanded by the Norwegian government, as the Volkswagen cut off date for new ICE sales will be January 1, 2024.

And although Norway is already a leader in adoption of electric cars, the majority of cars still on the road – more than 80% – are still run by fossil fuels.

Volkswagen’s ID.4 electric SUV is the brand’s most popular EV in Norway. Source: Volkswagen

Head of the Volkswagen importer Ulf Tore Hekneby says he thinks the Norwegian government targets should be stronger so that the phase out of all combustion cars on the road can be achieved sooner.

At an event with the Zero Environmental Foundation last week, Hekneby said he wants to see more ambitious government targets, such as a fixed date by which at least half of the vehicle population must be emission-free.

“We need the industry and the politicians to continue working on cutting emissions,” he said in a statement, adding he wants to see breaks for plug-in hybrids cutback also.

“A concrete step we believe the politicians should take already now is to remove the weight deduction for plug-in hybrids from 1 January.

This is yesterday’s technology, which contributes to the fact that many car buyers still opt out of the zero-emission options,” he said.

As reported by Norwegian media, Hekneby also pointed to a report by the Institute for Transport Economics, which said 50 percent of the passenger car fleet could be electrified by 2036 if all current incentives are maintained.

Policy levers in place to encourage adoption of EVs in Norway include VAT exemption on electric cars.

This is due to end on January 1, 2023 for EVs priced over 500,000 Kroner (just under $A97,000 converted).

Hekneby estimates that the goal of 50 percent e-vehicles in the fleet might not be reached until 2042 if this subsidy were to be dropped.

Currently, electric car sales account for almost 81% of Volkswagen’s new car sales in Norway – 6,900 of the 8,500 total.

Most of these are the brand’s VW ID.4 electric SUV, which follows closely behind the Tesla Model Y in terms of popularity.

A look at the overall market shows that, at least in the case of new registrations, the step towards 100 percent new BEV passenger cars is getting closer.

This year, electric cars accounted for well over 70 percent of new registrations in Norway.

As The Driven reported on Monday, Volkswagen has sold the highest number of ID.Buzz “electric Kombis” in Norway.

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Volkswagen declares ID.Buzz sale success as orders top 10,000​

View attachment 14750
The all-electric ID.Buzz advance sales are filling up quickly, with the majority of the sales in Norway, Volkswagen says.

The zero-emission version of the German carmaker’s minibus – known fondly in Australia in its original 1960’s format as a Kombi, and as a Microbus in the US – was opened up for pre-orders in June.

“10,000 orders, without the car actually being at the dealer, let alone a customer having driven it,” Krause was quoted as saying.

“That is just impressive.”

Series production of the ID.Buzz commenced in May, and there are 15,000 planned for production by the end of 2022.

View attachment 14752

*I want one, I want a Buzz and i want it Now !!! C'Mon AVZ C'Mon give me a Buzz

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[CashKing]

As my body is not made for OnlyFans, so once we go $2 I will start GoFundMe for this VW from TSE AVZ members , do not disappoint me peeps, i NEED this....

View attachment 14769

@$2 I’ll be ramping up my quiet quitting at work I reckon , for those that don’t know it’s a thing & was it just on the news so Google it

Pretty sure JAG has been doing it for a while & maybe even winenut and a few others but I really hope most of us can achieve this goal soon
GLTAH

 

[TheCount]

Now that's a face you can hate . Imo

Him and brewer - in my humble opinion, top of the class in bullshit and false hopes..

Cheers,
TC.

PS in at the Novotel Darling Harbour with the Countess and The Earl enjoying a few bevvies after an American smoke house in Surry Hills called Surlys. Nice food, great drinks and even better company. Life is good!!

 

[Thaz]

@$2 I’ll be ramping up my quiet quitting at work I reckon , for those that don’t know it’s a thing & was it just on the news so Google it

Pretty sure JAG has been doing it for a while & maybe even winenut and a few others but I really hope most of us can achieve this goal soon
GLTAH

I personally hate the term "quiet quitting".

Is it really quitting, when you are just doing the job and responsibilities that you have been employed to do? Private businesses have been taking advantage of those individuals working back at no extra cost to the business, because of 'it is needed to have been done'.

I'm personally a 'victim' of this thought process - currently the stress and responsibilities forced on my have been more and more each year - with less and less staff being in firm. I'm in half minds to actually quit ... and probably will do so once this reaches $3-4.

 

[Rediah]

@$2 I’ll be ramping up my quiet quitting at work I reckon , for those that don’t know it’s a thing & was it just on the news so Google it

Pretty sure JAG has been doing it for a while & maybe even winenut and a few others but I really hope most of us can achieve this goal soon
GLTAH

Thanks in advance, I have put your guys name on top of the generous donor’s list, of course tax deductible.
And good luck to all, and hope this nightmare/shenanigans gets sorted soon

 

[MoneyBags1348]

@$2 I’ll be ramping up my quiet quitting at work I reckon , for those that don’t know it’s a thing & was it just on the news so Google it

Pretty sure JAG has been doing it for a while & maybe even winenut and a few others but I really hope most of us can achieve this goal soon
GLTAH

I’ve been quiet quitting jobs since I left school and discovered magic mushrooms in the 70’s Cash, I’ve wheeled barrows of bricks and concrete, I re-roofed asbestos roof’s but the only time I’ve ever had to work was when I bought shares in AVZ, finally it looks like I don’t have to quiet quit anymore

 

[Azzler]

@$2 I’ll be ramping up my quiet quitting at work I reckon , for those that don’t know it’s a thing & was it just on the news so Google it

Pretty sure JAG has been doing it for a while & maybe even winenut and a few others but I really hope most of us can achieve this goal soon
GLTAH

I've always been at odds with the notion that work is life.
Wage slavery in modern society came to my awareness about 10 years ago... the trap most of us are stuck in, in this life.
I think the reality of that trap is so horrid that we instead (and probably inteligently) celebrate careers and working life.
But I know it's a contradiction, if no one worked, we wouldn't have any of the good stuff, no expertise, no services.

Cashy, how about you upgrade from quiet quitting to completely quitting?
I did in Feb, and I just fucking love it!
I think I recall you saying you got in at a pretty good price.
I'm going to be optimistic here and assume we get our of suspension and continue upwards trajectory on the SP and I don't have to go back to bloody work again, lol.

I was in health care, and man... working through covid, infected clients, staff, and wearing full PPE during outbreaks...
I truely can not comprehend how those in hospitals worked permenantly in all that, through summer too!
But it made me acutely aware of how trapped I was....
but...
I had AVZ shares, a fair bit of them too, and very cheap. I held onto that hope and kept adding to my position $2000 at a time.

That's what AVZ is all about my dudes.

Freedom! Real freedom.

 

[CeckRaiseFold]

@$2 I’ll be ramping up my quiet quitting at work I reckon , for those that don’t know it’s a thing & was it just on the news so Google it

Pretty sure JAG has been doing it for a while & maybe even winenut and a few others but I really hope most of us can achieve this goal soon
GLTAH

Been quietly quitting for about a year now ever since we're made to hot desk and work from home 2 to 3 days a week because working from home was "such a success" in the pandemic that company decided to permanently roster us with more people than desks.
All the chores now done before the weekend arrives, I can live with that!!

 

[CashKing]

Thanks in advance, I have put your guys name on top of the generous donor’s list, of course tax deductible.
And good luck to all, and hope this nightmare/shenanigans gets sorted soon

Mate I’m claiming soooooo much washing this year ffs?

I might try forward that expense to boatman and a few other pricks actually


GLTAH

 

[CashKing]

I've always been at odds with the notion that work is life.
Wage slavery in modern society came to my awareness about 10 years ago... the trap most of us are stuck in, in this life.
I think the reality of that trap is so horrid that we instead (and probably inteligently) celebrate careers and working life.
But I know it's a contradiction, if no one worked, we wouldn't have any of the good stuff, no expertise, no services.

Cashy, how about you upgrade from quiet quitting to completely quitting?
I did in Feb, and I just fucking love it!
I think I recall you saying you got in at a pretty good price.
I'm going to be optimistic here and assume we get our of suspension and continue upwards trajectory on the SP and I don't have to go back to bloody work again, lol.

I was in health care, and man... working through covid, infected clients, staff, and wearing full PPE during outbreaks...
I truely can not comprehend how those in hospitals worked permenantly in all that, through summer too!
But it made me acutely aware of how trapped I was....
but...
I had AVZ shares, a fair bit of them too, and very cheap. I held onto that hope and kept adding to my position $2000 at a time.

That's what AVZ is all about my dudes.

Freedom! Real freedom.

If anyone need a nice break it’s you guys in health care.

I take my AVZ Hat off to You guys and gals that are needed day after day hour after hour in that sector. Thank you.

Let’s not be trapped anymore huh, I’ve been around since 2017 as you know and I’m glad it’s finally happening. I wish you the best bud

GLTAH

 

[CashKing]

I’ve been quiet quitting jobs since I left school and discovered magic mushrooms in the 70’s Cash, I’ve wheeled barrows of bricks and concrete, I re-roofed asbestos roof’s but the only time I’ve ever had to work was when I bought shares in AVZ, finally it looks like I don’t have to quiet quit anymore

You have a fair few years on me Money however I also have ended up seeing Simba in the frangapani trees by the pool in Bali let’s say It’s been painful the last few years but I think it’s actually sorting it self out, I’ve been waiting on this ML since ahhh shit I forgot l, back to work for you for a little bit but not long & I wish you the best.

 

[IndependenceDay]

I've always been at odds with the notion that work is life.
Wage slavery in modern society came to my awareness about 10 years ago... the trap most of us are stuck in, in this life.
I think the reality of that trap is so horrid that we instead (and probably inteligently) celebrate careers and working life.
But I know it's a contradiction, if no one worked, we wouldn't have any of the good stuff, no expertise, no services.

Cashy, how about you upgrade from quiet quitting to completely quitting?
I did in Feb, and I just fucking love it!
I think I recall you saying you got in at a pretty good price.
I'm going to be optimistic here and assume we get our of suspension and continue upwards trajectory on the SP and I don't have to go back to bloody work again, lol.

I was in health care, and man... working through covid, infected clients, staff, and wearing full PPE during outbreaks...
I truely can not comprehend how those in hospitals worked permenantly in all that, through summer too!
But it made me acutely aware of how trapped I was....
but...
I had AVZ shares, a fair bit of them too, and very cheap. I held onto that hope and kept adding to my position $2000 at a time.

That's what AVZ is all about my dudes.

Freedom! Real freedom.

Hey Azzler, your post was a real inspiration for me.

I too work in health care and have spent the past 12 years looking after people during the worst day or night of their lives.
I believe that I have gone over and above for each and every patient during this time but slowly but surely have become worn down by the demands of people and the system.
Around the middle of last year fate had my path collide with a certain ‘Earle of Barrow’ and thanks to his generosity of spirit
(..or pity at seeing another nearly broken ambo!) I began my investing journey as a way to become unshackled from debt and switch to part time within five years.
AVZ have truly been one heck of a journey thus far but I’m in for the long haul.
Your post just gave me the boost that I needed to keep believing in my near term developer/ producers.
Right, now I’m off to accumulate some more IXR!
Thanks again Azzler (and Earle).
BTW: Dazmac, how are you travelling post COVID

 

[CashKing]

Hey Azzler, your post was a real inspiration for me.

I too work in health care and have spent the past 12 years looking after people during the worst day or night of their lives.
I believe that I have gone over and above for each and every patient during this time but slowly but surely have become worn down by the demands of people and the system.
Around the middle of last year fate had my path collide with a certain ‘Earle of Barrow’ and thanks to his generosity of spirit
(..or pity at seeing another nearly broken ambo!) I began my investing journey as a way to become unshackled from debt and switch to part time within five years.
AVZ have truly been one heck of a journey thus far but I’m in for the long haul.
Your post just gave me the boost that I needed to keep believing in my near term developer/ producers.
Right, now I’m off to accumulate some more IXR!
Thanks again Azzler (and Earle).
BTW: Dazmac, how are you travelling post COVID

So which one of you guys is anush ?

 

[Frank]

*Fyi, I see where our very own "Little Twig" who became a Mining "Rock Star" sees value in Africa, as

Fortescue JV signs exploration agreement for Belinga project in Gabon​

Australia’s Fortescue Metals Group announced that its majority-owned joint venture, Ivindo Iron, has signed an exploration agreement with the Gabon Government for the Belinga iron ore project.

The agreement comprises key commercial and legal terms for the exploration of the Belinga project, allowing the grant of exploration licences to the JVfor a 4,500km² area.

Fortescue said the agreement also envisages a $90m exploration programme at the Belinga iron ore project, over a period of three years.

Fortescue Metals owns an 80% stake in Ivindo Iron while the remaining 20% is held by the Africa Transformation and Industrialisation Fund, an Africa-focused investment fund.

According to the Gabon Mining Code, the government will receive a 10% free carry interest in Ivindo Iron, upon the grant of the exploitation licences.

On securing the licences, Ivindo Iron will start exploration and studies on the project.

The exploration work will initially focus on determining the Belinga iron ore deposit’s potential size and grade, as well as assessing logistics solutions.

Fortescue CEO Elizabeth Gaines said: “Fortescue is committed to its strategic pillars of investing in the long-term sustainability of the iron ore business and investing in growth.

Consistent with this approach, Fortescue is pursuing global opportunities in iron ore that align with our strategy and expertise.

“We welcome the opportunity to assess the Belinga Project, which we believe is potentially one of the world’s largest undeveloped, high-grade hematite deposits.”

Located in north-eastern Gabon, the Belinga deposit was discovered in 1955 and was subject to exploration in the 1970s, which resulted in the identification of high iron and low contaminant mineralisation.

Gabon Minister of Mines Elvis Ossindji said: “Holding a priority position in our country’s transformation and economy diversification strategy, this project has witnessed an acceleration in order to create added value and hundreds of jobs in our country.

“The culmination of the Belinga iron project with the Australian mining company Fortescue Metals Group and ATIF aims to strengthen the mining sector’s contribution to a thriving economy while making Gabon a benchmark mining destination.”

*To Remind,

Lessons from the Masters: Here’s how Twiggy Forrest spreads his investments​

Andrew Forrest is the billionaire more than any other whose rapid ascent to the top of Australian society tells the story of the 2000s mining boom.

Chastened from the near collapse of Anaconda Nickel, Forrest reemerged in 2003 as the chairman and CEO at Fortescue Metals Group, a penny stock founded on the relatively simple premise that China wanted more iron ore than Australian majors could export.

The former stockbroker and onetime alpaca farmer who grew up on Minderoo Station in WA’s north was proven right.

Despite the inferior grade of the ore mined from the vast swathes of WA’s Pilbara pegged by Fortescue, China’s economy and steel industry was in a rapid phase of growth.

Forrest, who has maintained a more than 36% slice and high degree of control over Fortescue for a number of years even after he initially stepped down as CEO in 2011, profited.

He spun his chunky dividend cheques into a range of investments, philanthropic gestures and political influence.

He now has a whiff of the ‘teal independents’ about him, a reflection of the wave of inner-city anger over climate change that turned long-time Liberal voters into haters in Saturday’s election.

Fresh off completing a PhD in Marine Ecology with the help of his own ocean research vessel — a little out of reach of his ramen-rich colleagues — Forrest reemerged as the main man at FMG by denouncing himself as a carbon emitter and announcing plans to make the miner a global leader in clean energy.

The radical upheaval brought by the change in direction, formation of Fortescue Future Industries and resignation of FMG CEO Elizabeth Gaines have brought Forrest back into the fold as its executive chairman, a move announced last week.

Assessments of his wealth vary.

It last clocked in at a net worth of $27.25 billion on last year’s AFR rich list, $30.5 billion according to the Bloomberg Billionaires Index, and $27 billion according to Forbes.

One thing is for certain, Forrest’s wealth has skyrocketed in the two years since the pandemic began as iron ore prices hit record highs.

With China’s economy in slowdown mode and uncertainty around FMG’s dramatic move into ‘green hydrogen’, are there other Twiggy stock picks delivering more upside?

Where is Twiggy invested on the ASX?​

Twiggy’s investments are dominated by his stake in Fortescue, now the third largest mining company on the ASX worth upwards of $63 billion at today’s price.

The fourth biggest iron ore exporter in the world with record guidance of 185-188Mt of shipments in FY2022, it is one of the greatest stories of value creation in Australian business history.

Under the direction of CEO Nev Power from 2011-2018, the debt-saddled company rode out the storm of the mining downturn by rivalling and in some cases beating global supermajors BHP and Rio Tinto for unit costs, a position that helped Twiggy’s FMG thrive when benchmark prices hit records upwards of US$230/t last year.

It is not just Twiggy and his executives who did well out of the FMG deal.

The reclusive Kie Chie Wong, the Australian-based son of a Sarawak timber milling dynasty who made a $1m investment in Fortescue in 2003 (then worth over a quarter of the company), has also been reported as a billionaire from his minority stake.

On Monday we assessed the value of Forrest’s 36.5% stake, largely held through his family company Tattarang, at $23.2 billion, making up well over 95% of his listed portfolio wealth.

As with many billionaire investors, a vast amount of his wealth is held outside public markets, including the dividend cheques regularly delivered by FMG (tallying a dizzying $4 billion in FY2021), property, private mining and energy companies, agriculture, cattle stations, and the Harvey Beef and RM Williams businesses among other ventures.

But Forrest’s entry into a number of listed entities has sparked interest and excitement over the years.

The bulk of Forrest’s ASX investments sans FMG are now held in Tattarang, the rebranded investment arm of Minderoo split off and renamed to distinguish itself from Forrest’s philanthropic interests in the Minderoo Foundation.

Within that diverse set of investments is Wyloo Metals, Forrest’s private mining company.

Given his role establishing the Murrin Murrin nickel mine with Anaconda, Australia’s first nickel laterite operation, it is unsurprising Wyloo and Forrest have focused more attention on nickel than any other commodity.

Forrest’s reemergence in the nickel game came in 2007.

In a nod to his stockbroking past and embrace of Australiana he became the chairman and main shareholder of Poseidon Nickel, aiming to revive the Windarra mine that was at the centre of the original Poseidon bubble in the 1960s — a seminal moment in Australian capital markets history for both good and bad reasons.

While Poseidon is finally getting close to resuming production not at Windarra but at the old Black Swan mine near Kalgoorlie, Forrest recently shaved his stake down to under 5%, leaving US private equity group Black Mountain Metals as the largest investor.

But Wyloo has emerged as one of the clans in Australian nickel’s Game of Thrones, amassing the largest stake in near-term Kambalda nickel producer Mincor Resources and being kingmaker in IGO’s successful takeover bid for Western Areas.

Now that nickel is shifting from its traditional use in stainless steel to becoming a critical component of electric vehicles, expect the clean, green Forrest to take an even stronger interest.

That was demonstrated in his high stakes battle for control of Canada’s Noront Resources last year against BHP, now privately controlled by Wyloo, when BHP was unable to match Wyloo and Forrest’s final offer of C$1.10 a share, a massive 47% above BHP’s C75c bid.

Wyloo will spend C$25 million delivering feasibility studies to investigate the development of Noront’s assets in Canada’s remote Ring of Fire nickel district.

In the energy space Forrest is traversing with Fortescue Future Industries, and has shifted his onshore gas explorer Squadron Energy into the green energy field.

Through Squadron, Forrest is a major investor in the multi-billion dollar Sun Cable project alongside Mike Cannon-Brookes.

Squadron was the joint leader of a $210 million Series B raise in March for the project, which is aiming to take solar energy generated in the NT and transport it via a high voltage direct current cable to Darwin and Singapore.

Forrest was first revealed as a substantial investor in Mincor in late 2019, amid a series of fundraising rounds the company launched to back the restart of its Kambalda nickel operations.

According to ASX filings Forrest began amassing his stake in August 2019, when MCR was worth around 55c.

While he added to his position subsequently, the iron ore magnate would be well in the money, with a surge in nickel prices, the growth of the EV market and MCR’s successful restart of mining propelled the $1.17 billion company to a $2.43 share price as of this week.

RBC reckons it could run further, with ore now going through BHP’s Kambalda concentrator and cash flows expected this quarter.

The investment bank has a $2.75 price target on the WA nickel miner.

If it's true, Like they say, about "Trees & Shade " and that also from "Little Things Big Things Grow"

Then what happens when the "Little Thing" is a Monster of Biblical Proportions to start with

AVZ / Manono has the potential to be the Biggest Tree on the Block for Decades to come atm

Food for thought on "Sitting in the Shade" relaxing with your feet up in retirement one day

Would Nigel like to be sitting in the shade under a Tree in the DRC, you bet your arse he would

AVZ the next FMG / BHP

Tim will tell

Cheers

Frank

 

[Sammy_da_Smile]

 

[Sammy_da_Smile]

Rail infrastructure is making progress which is great to see. For context.

The red pin is Dodoma, the green pin is Kindu and the love pin is Manono.

There was a member here @thegh0stwithin from memory, who had a background in rail and had some knowledge of rail systems in Africa. Mate if it was you, what are your thoughts on this route? This could be an entirely new transport solution to what was proposed in the DFS, wouldn't be surprised as much water has gone under the bridge since then.

Nothing official has been released as far as I can see for us, just some mentions of Lithium and a couple of AVZ tags. I'll see if I can find some articles.

 

[Sammy_da_Smile]

Re our transport solutions which state:

“A due diligence study for the transport route options was conducted by the Australian based railway consultancy Infraology Pty Ltd (Infraology).

Four potential concentrate product transport routes were identified during the study. The Feasibility Study concluded to use two of these transport routes from Manono.
The first is to Dar es Salaam in Tanzania through Zambia, using the Tanzania and Zambia Railway Authority (TAZARA) rail. The TAZARA rail is equally owned by the United Republic of Tanzania and the Republic of Zambia. The TAZARA railway will require upgrade and maintenance to reduce the frequency of derailments. The route includes 340 km of unsealed road to the DRC State owned SNCC rail allocated at Kabondo Dianda. From Kabondo Dianda there is 772 km of rail to Ndola (in Zambia) and then 165 km of rail to Kapiri Mposhi on the Zambian Railways Limited (ZRL) rail which is wholly owned by the Republic of Zambia. From Kapiri Mposhi to Dar es Salaam is 1,860 km on the TAZARA rail. The route has two border crossings between the DRC, Zambia, and Tanzania. Figure 5 shows the proposed transport route in red.”

View attachment 14569


The good news is in a recent article (9 August 2022) we see that the TAZARA Railway will get the needed upgrade:

Tanzania and Zambia agree to upgrade Tazara railway

Tanzania and Zambia have agreed to upgrade the Tazara railway that connects the two countries as part of measures to improve bilateral ties.

www.railjournal.com

August 9, 2022
Written by Simon Artymiuk

Tanzania's president says the Tazara railway in its current 1067mm gauge form is not delivering what is expected of it, hence the plan reached with Zambia to upgrade it to standard gauge.
Photo Credit: Richard Stupart/Wikipedia Commons
TANZANIA and Zambia have agreed to upgrade the Tazara railway that connects the two countries as part of measures to improve bilateral ties.
The 1160km cross-border railway linking Kapiri-Mposhi in Zambia with the port of Dar es Salaam in Tanzania will now be upgraded to standard gauge through a partnership with the private sector and development partners.
Tanzania’s president, Ms Samia Suluhu Hassan, says the 1067mm gauge, single-track Tazara line does not deliver what is expected of it and an upgrade is needed to open up new business opportunities along the route.
“In today’s world, railway is standard gauge,” says Hassan. “So through a Public-Private Partnership (PPP) we have agreed to come up with a project to improve the Tazara railway to that level.”
Tanzania is also constructing a 1219km standard-gauge line from Dar es Salaam to the city of Mwanza on the southern shores of Lake Victoria.
Known as the Tanzania Standard Gauge Railway, the system is being designed to link Tanzania with Rwanda and Uganda, and continuing to Burundi and the Democratic Republic of Congo. The work is included in the East African Railway Master Plan aimed at rejuvenating the region’s railways and increasing efficiency and speed while lowering transport of freight costs and furthering economic development. The railway will use electric power and transport of goods to Uganda from Mwanza will be by lake ferries.
As of April 2022, the 300km Phase 1 from Dar es Salaam to Morogoro had been completed while work on the 426km Phase 2 Morogoro – Makutopora, 294km Phase 3 Lot 1 Makutupora – Tabora, and 341km Phase 5 Isaka - Mwanza sections was in progress. Phase 5 is being built by China Civil Engineering Construction (CCEC) and China Railway Construction Company (CRCC).
In July 2022 Tanzania Railway Corporation (TRC) signed a $US 900.1m contract with Yapi Merkezi for the construction of the 130km Phase 3 Lot 2 Tabora – Isaka section, along with its 35km of branches, the same company having previously won a $US 1.9bn contract for Phase 3 Lot 1.
TRC has also signed a contract with Korean national operator Korail to provide training In rail construction and operations following the line’s opening.
The first locomotives being used for testing of the electrified Phase 1 of the Tanzania SGR are former class 1014 locomotives purchased from Austrian Federal Railways (ÖBB).
Africa, Freight, Infrastructure, Main line, Passenger, Policy, Track
Tags: Electrification, SGR, Standard gauge, Tanzania, Tazara, Zambia

Completely read over this part. Great article mate!

The 1160km cross-border railway linking Kapiri-Mposhi in Zambia with the port of Dar es Salaam in Tanzania will now be upgraded to standard gauge through a partnership with the private sector and development partners.

 

[JAG]

 

[JAG]

@$2 I’ll be ramping up my quiet quitting at work I reckon , for those that don’t know it’s a thing & was it just on the news so Google it

Pretty sure JAG has been doing it for a while & maybe even winenut and a few others but I really hope most of us can achieve this goal soon
GLTAH

You know me too well Yes, I have been preparing for this for sometime even anticipating $2. The party will definitely be at the shack