The situation with the BRICS, BRI, SCO and EAEU is starting to get serious
and the western corporate media is asleep-at-the-wheel. Good luck to those
that only follow corporate media because, as of now, you are completely
ill-equipped for the future.
We have been following the BRICS alliance a little closer than most for
the past several years. This alliance of five nations, spread across the
globe, is wrapping-up their BRICS 2018 Summit in Johannesburg, S. Africa. Two
major topics of discussion this year were the expansion of the alliance to include other nations
and BRICS Gold.
The first-ever industrial public-private partnership investment
project undertaken by partners from all BRICS member states has been
pioneered in the gold mining sector against the backdrop of the BRICS Summit held in Johannesburg, South
Africa.
SUN Gold, China National Gold Group Corporation, the Russian Sovereign
Investment Fund, Far East and Baikal Region Development Fund (FEDF), and
leading private investment and business leaders from Brazil and South Africa,
are launching the Kluchevskoye Gold Mining Project.
This unprecedented project will be undertaken in the Chita region of
Eastern Siberia and seeks to usher in a new model of international
cooperation.
The multinational joint venture will see the transformation of the
Kluchevskoye gold deposit into a significant open-pit mine, with an expected
gold production of over 6.5 tonnes per annum.
Pre-production investment of up to US$500 million is planned, with China
National Gold leading as the major shareholder and technological partner,
following the final Russian Duma ratification.
The historic initiative has drawn the interest of investors and industrialists
from across the BRICS regions.
South Africans who help comprise the consortium include, Dr. Iqbal Surve,
Executive Chairman of Sekunjalo Group and Head of the BRICS Business Council,
Chairman of TransAfrica Capital, Ivor Ichikowitz, KZN Growth Coalition
Co-Chair, Moses Tembe, Invest Africa Chairman, Rob Hersov, amongst several
other prominent South African businesspersons.
Leading investors from Brazil include Veronica Serra and A. de Moraes,
among others.
Dr. Iqbal Surve, states: “This innovative model of public and private
partners from BRICS countries coming together to work on projects in BRICS
countries can benefit local and national economies and can be used as a model
to tackle significant projects in non-BRICS countries as well, creating a sustainable
model for cooperation, collaboration and investment-led economic growth,
boosting industrial development and providing turnkey, sustainable job
creation”.
China National Gold, one of the world’s leading Gold companies, will
provide management and development expertise, while SUN Group brings 60 years
of experience working in Russia, having built several significant businesses
including SUN Brewing, one of the region’s largest beer companies.
FEDF’s involvement will bring regional investment and political support
for the project, and opportunities for further growth in the gold and copper
mining sector in the Russian Far East.
The South African and Brazilian investors seek to add a dimension to
create a joint investment and industrial platform for growth in Africa and
Latin America.
Shiv Khemka, Vice Chairman of the Indian-owned SUN Group, states: “We are
delighted to see our gold project coming to fruition in this innovative
manner with the support of the Russian and Chinese governments.
“We are committed to adhering to international best practices in
engineering, environmental, governance and community standards.
“This BRICS Gold project will bring innovative technologies, local
employment, skills, and expertise to Chita region, while enhancing tax revenues
for Russia”.
All parties agree that the first and only multilateral,
private-public-partnership project of its kind shapes a new model of BRICS
cooperation between governments and the private sector, bringing together the
best of finance, technology, market access, trade and investment to enhance
the economic growth of individual countries and the global BRICS community.
The partners forecast this BRICS project in Kluchevskoye to grow to become
one of the leading Gold producers in that part of the world.
Moses Tembe, comments, “For South
Africa, to be able to access the fast growing markets of Asia
and Latin America in a collaborative manner with diverse, trusted and
experienced partners will allow our economy to integrate into and benefit
from the tremendous changes taking place on the global stage”
Ivor Ichikowitz, Chairman of TransAfrica Capital, states: “This project
marks a critical step in the evolution of BRICS, it is one of the first mega
projects to be developed under the auspices of the BRICS collective.
“It is projects like this that make a real economic impact not only on
economic growth, but more importantly by creating jobs which impact on
citizens lives while at the same time bringing the BRICS collective closer
together. Political goodwill without projects like this one has no value.
Nand Khemka, Chairman of SUN Group comments, “This is BRICS 2.0. It is a
logical extension of complementary strengths, helping create more flexibility
and innovation in the structure of transactions between members of the BRICS
community. This is a winning formula”
Rob Hersov commented, “Bringing together the mining expertise of China
National Gold and the resource base of the Russian Far East with experienced
global investors under the BRICS umbrella can help create tremendous value
for all stakeholders.
“India and China are the two largest gold markets in the world and this is
a historic collaboration. We look forward to building this platform into a
model of collective cooperation and growth.” Source
For those that have been following along none of this should come as a
surprise. We have been discussing this change since 2012 or earlier. If you
don’t currently hold gold you may want to think about adding some to your
holdings – not investment advice, just saying you may want to think about it.
If you already hold gold, well, you know what to do as you are already doing
it.
Imagine Mexico, Venezuela, Argentina, France, Greece, Germany and other
nations joining BRICS and being part of the Belt and Road Initiative. That
would be a massive blow to the western alliances. It would be such a blow
that I don’t think the economies of the U.S. and U.K. could easily withstand.
