On 30 November 2023 ANM Timor-Leste announced the first award of minerals concession areas and Iron Fortune is thrilled to have been awarded 3 concessions. This is a most exciting step not only for Iron Fortune but we also congratulate His Excellency the Minister for Petroleum and Minerals and the President of ANM and his team on all their work in achieving this goal.
We attach several informative links for further details:
LinkedIn post by ANM:
On 20 March 2023 the Minerals Tender 2023 was launched by ANPM, the petroleum and minerals regulatory authority, in Dili, Timor-Leste, and attended by senior government officials and a number of invited Iron Fortune representatives.
On 21 March 2023 Iron Fortune submitted our Pre-Qualification Application to ANPM.
On 17 April 2023 Iron Fortune was delighted to receive notice from ANPM, that our Pre-Qualification Application has been approved. We expect to be only one of a very small number of companies globally to have achieved this milestone.
Iha loron 14 fulan Abril tinan 2023, Iron Fortune hetan konvite atu partisipa iha konferénsia iha Ministériu Finansas, iha Dili ho tema “Papél setór Petróleu no Minerais nian ba Dezenvolvimentu Sosioekonómika Timor-Leste nian”.
Reprezentante sira husi Ministériu Petróleu no Minerais, hamutuk ho instituisaun relevante sira mak hanesan ANPM, IPG, Timor Gap no CMTL mai partisipa iha eventu ida ne ‘e. Partisipantes sira inklui reprezentante F-FDTL, PNTL, no Komisaun Altu sira. VIPs barak mak aprezenta, hanesan hakerek ona iha aneksu ajenda
Partisipa mós husi Reprezentante Inisiativa Transparénsia Indústria Estrativa nian https://e.org/
Iron Fortune felisita Governu Timor-Leste no ajénsia prinsipál sira ba prestasaun kona-ba dezenvolvimentu indústria estrativa modernu no transparente ida.
English
On 14 April 2023 Iron Fortune was invited to attend a conference at the Ministry of Finance Building in Dili themed “The Role of the Petroleum and Minerals sector for the Sustainable Socio-Economic Development of Timor-Leste”.
Representatives from the Ministry of Petroleum and Minerals attended, together with key stakeholder institutions such as ANPM, IPG, Timor Gap and CMTL. Attendees included representatives from F-FDTL, PNTL, and various High Commissions. Many VIPs presented, as outlined in the attached agenda.
Representatives from Extractive Industries Transparency Initiative also attended. https://eiti.org/
Iron Fortune congratulates the Government of Timor-Leste and the key delivery agencies on the development of a modern and transparent extractive industries regulatory framework.
In November 2022, Miss Joe Magno and Mr Nick Dunstan attended the 5th IPG International Geoscience Conference in Dili on behalf of the Company. Iron Fortune was delighted to again be invited to make a presentation to the Conference and Joe Magno was excited to present on “Commercial geology in Timor-Leste: a nation building opportunity”.
It was a successful conference and we were very pleased to once again meet our Timor-Leste friends and colleagues face to face after the pandemic.
Another Iron Fortune milestone in late 2022, Meeting His Excellency President José Ramos Horta and the team in the Palace of President, Aitarak Laran, Dili, Timor Leste on November 11, 2022. The purpose of the meeting was “to give a short brief about Iron Fortune’s presence in Timor Leste, and to inform His Excellency that Iron Fortune is ready to work together with the Government of Timor-Leste and the private sector to help build a sustainable mining sector”.
ith His Excellency the Minister of Petroleum and Minerals of Timor Leste, Mr. Victor Soares and the team. The objective of the meeting is to relate Iron Fortune works in Timor Leste and to know the pre-qualification progress. The meeting was very good. The process explanation was very clear. Iron Fortune look forward to be a part of serious investment in beloved Timor Leste.From 1 October 2020, Iron Fortune has relocated its Australian operations to 32 Andretti Court, Truganina, Victoria, 3029.
The new premises are also occupied by McLeod Rail and comprise modern offices including boardrooms, laboratories, warehouse and car parking.
Mary Thompson is travelling to Dili in July and will join an AusTrade delegation hosted by DFAT from 15 -18 July. The delegation will meet with Ministers, regulatory bodies and key business figures and focus on business opportunities in Timor-Leste covering matters including banking and finance, infrastructure development, oil & gas, professional advisory services and supply chain. See Austrade
Ian Sinclair visited Dili and surrounds for the week commencing 17 June to meet with key minerals and resources regulatory bodies, ANPM and IPG, and to consolidate relationships. His trip included a review of developments in the extractive industry with Joe Magno, stretching from Tibar Port west of Dili to the Upper Laclo area where they visited in October 2018.
Ian also met with Mr Roberto Lai from TradeInvest who presented at the Melbourne Business Forum held in March. Roberto invited us to participate in a half day business conference organised by TradeInvest to be held on 8 July 2019 in Singapore, which TradeInvest informed us was borne out of the Melbourne Forum. TradeInvest Timor-Leste sent a number of representatives to the Melbourne Forum. TradeInvest is an Investment and Export Promotion Agency with a goal of facilitating and supporting potential foreign and domestic investment in Timor-Leste. A link to TradeInvest website story on the Melbourne Forum is here.
The directors are arranging a meeting with the representatives of the AIFFP, the Federal Government’s initiative to provide $2b infrastructure funding into the Pacific region including Timor-Leste. The Government has recently announced a $250m 10 year infrastructure funding commitment to the Solomon Islands.