{
 "name": "Afrimintel — capital control & financing layer",
 "feed_version": "capital-alignment-v1.0",
 "as_of": "2026-09-07",
 "coverage": "African rare-earth, lithium, gold, nickel and iron-ore development and operating assets tracked by Afrimintel.",
 "note": "Controlling ownership, offtake, financing parties and state participation per asset — every EVENT Sourced to a named primary or reputable secondary source with date. This layer states who controls the asset, who holds offtake, which financiers/ECAs/DFIs are engaged and any pending control change; it renders NO alignment classification and NO financeability or eligibility verdict — the reader applies their own institution's mandate. (Layer renamed from 'capital-alignment' at v2.136.60; the filename is retained for URL stability. The prior Derived alignment tags and financeability reads were editorial verdicts and were removed under the Quality Standard — the Sourced facts beneath them are unchanged.) Maintained on the platform's filing-currency sweep cadence; acquisition-pending items re-checked each cycle.",
 "quality_standard": "Every figure Sourced (named source + date) / Derived (published method) / Absent. No fourth state.",
 "counts": {
  "assets_covered": 10,
  "control_change_pending": 3,
  "counts_note": "Computed from rows: control_change_pending = assets whose row carries a pending control-change event. The prior counts-by-alignment-bloc taxonomy was removed with the verdict layer (v2.136.60)."
 },
 "assets": [
  {
   "id": "ngualla-ree",
   "name": "Ngualla",
   "country": "Tanzania",
   "commodity": "Rare earths (NdPr)",
   "ownership": {
    "value": "Peak Rare Earths holds ~84% via Ngualla Group UK / Mamba Minerals; Government of Tanzania 16% free-carried. Peak is now 100%-owned by Shenghe (via subsidiary Ganzhou Chenguang).",
    "state": "Sourced",
    "source": "rare-earth-mining.com May 2026; metal.com/SMM Sep 2025"
   },
   "offtake": {
    "value": "100% of rare-earth concentrate to Shenghe",
    "state": "Sourced",
    "source": "nsenergybusiness / rare-earth-mining.com"
   },
   "events": [
    {
     "date": "2022-02",
     "event": "Shenghe (Singapore subsidiary) acquires 19.86% of Peak Rare Earths",
     "source": "metal.com/SMM, 26 Sep 2025"
    },
    {
     "date": "2025-05-14",
     "event": "Shenghe board approves 100% acquisition of Peak Rare Earths (A$195M)",
     "source": "metal.com/SMM; Listcorp ASX:PEK, 14 May 2025"
    },
    {
     "date": "2025-09",
     "event": "Tanzania Fair Competition Commission + Australian court approvals; acquisition finalised",
     "source": "metal.com/SMM, 26 Sep 2025"
    },
    {
     "date": "2025-09-14",
     "event": "US GICP A$240M (~US$160M) counter-bid for 100% rejected in favour of Shenghe",
     "source": "African Mining Market, 17 Sep 2025"
    }
   ],
   "stock": {
    "resource": {
     "value": "~176 Mt @ 2.24% TREO (JORC); high-grade zone 4.29% TREO",
     "state": "Sourced",
     "source": "rare-earth-mining.com, May 2026"
    },
    "reserve": {
     "value": "18.5 Mt @ 4.8% TREO ≈ 887 kt REO",
     "state": "Sourced",
     "source": "metal.com/SMM, Sep 2025"
    },
    "capex_usd_m": {
     "value": 321,
     "state": "Sourced",
     "source": "Ngualla BFS 2022; MINING.COM"
    },
    "npv_usd_m": {
     "value": 1350,
     "state": "Sourced",
     "source": "Ngualla BFS 24 Oct 2022 @ NdPr $231.88/kg (deck stale vs ~$110/kg current)"
    }
   },
   "control": {
    "controlling_party": "Shenghe Resources (China)",
    "state": "Sourced",
    "note": "Factual controlling-party statement; the prior Derived alignment tag was removed with the verdict layer (v2.136.60)."
   },
   "control_financing_summary": {
    "value": "Controlling shareholder: Shenghe Resources — 100% of Peak Rare Earths (completed Sep/Oct 2025); Peak holds ~84% of Ngualla via Ngualla Group UK/Mamba Minerals; Tanzania 16% free-carried. Offtake: 100% of rare-earth concentrate to Shenghe. No Western-DFI/ECA financing disclosed; IFC and Appian are historic equity investors. NdPr price (~US$110/kg) is below the Oct-2022 BFS deck (US$231.88/kg).",
    "state": "Sourced",
    "source": "per the Sourced event cells on this record"
   }
  },
  {
   "id": "ewoyaa",
   "name": "Ewoyaa",
   "country": "Ghana",
   "commodity": "Lithium",
   "ownership": {
    "value": "Atlantic Lithium (+ former Elevra earn-in). If Huayou scheme completes, Huayou indirectly holds ~87% of Ewoyaa; Government of Ghana 13% free-carried.",
    "state": "Sourced",
    "source": "Huayou announcement 7 May 2026; MyJoyOnline May 2026"
   },
   "offtake": {
    "value": "Spodumene offtake rights transferring to Huayou (via Elevra interest)",
    "state": "Sourced",
    "source": "Elevra/GlobeNewswire 11 May 2026"
   },
   "events": [
    {
     "date": "2026-05-07",
     "event": "Huayou announces US$210M all-cash scheme to acquire 100% of Atlantic Lithium (A$0.354/sh, 26.6% premium)",
     "source": "Huayou filing 7 May 2026; mining-technology.com"
    },
    {
     "date": "2026-05-11",
     "event": "North-American holder Elevra Lithium agrees to sell its ~22.5% Ewoyaa interest + offtake to Huayou for ~US$71M (not contingent on the Atlantic takeover)",
     "source": "Elevra / GlobeNewswire, 11 May 2026"
    },
    {
     "date": "2026-12",
     "event": "Shareholder vote (Nov 2026) and completion targeted Dec 2026, subject to FIRB / China / Ghana SEC / ECOWAS / Australian court",
     "source": "billionaires.africa 18 May 2026; discoveryalert.com.au"
    }
   ],
   "stock": {
    "resource": {
     "value": "36.8 Mt @ 1.24% Li2O (Jul 2024, up from 35.3 Mt @1.25%)",
     "state": "Sourced",
     "source": "Atlantic Lithium project page"
    },
    "reserve": {
     "value": "25.6 Mt @ 1.22% Li2O; ~1.13 Mt LCE; 3.6 Mt spodumene over 12-yr LOM (2023 DFS)",
     "state": "Sourced",
     "source": "Atlantic Lithium; theassay.com May 2026"
    },
    "capex_usd_m": {
     "value": 185,
     "state": "Sourced",
     "source": "Ewoyaa DFS 2023 (Atlantic Lithium)"
    },
    "npv_usd_m": {
     "value": 1500,
     "state": "Sourced",
     "source": "post-tax NPV8, DFS 2023 @ $1,587/t SC6; updated DFS ~$1.3bn (lithium-price impaired, IRR ~13.6%)"
    }
   },
   "control": {
    "controlling_party": "Zhejiang Huayou Cobalt (China) — acquisition pending; development already Huayou-funded",
    "state": "Sourced",
    "note": "Factual controlling-party statement; the prior Derived alignment tag was removed with the verdict layer (v2.136.60)."
   },
   "control_financing_summary": {
    "value": "Control change pending: Huayou Cobalt agreeing to sole-fund remaining development, replacing Elevra (exiting amid arbitration); Huayou could hold ~87% if pending deals close (not closed). Offtake: 50% of LOM spodumene to Elevra→Huayou at market prices; 50% uncommitted. Ghana 13% free-carried; MIIF ~US$27.9m for 6% (non-binding). No DFI in the capital structure.",
    "state": "Sourced",
    "source": "per the Sourced event cells on this record"
   }
  },
  {
   "id": "twin-hills",
   "name": "Twin Hills",
   "country": "Namibia",
   "commodity": "Gold",
   "ownership": {
    "value": "100% Shanjin International Gold (via acquisition of Osino Resources); Namibia 5% non-carried local minority (ML condition)",
    "state": "Sourced",
    "source": "GlobeNewswire 29 Aug 2024; theextractormagazine.com"
   },
   "offtake": {
    "value": null,
    "state": "Absent",
    "absence_basis": "not-yet-verified"
   },
   "events": [
    {
     "date": "2023-12",
     "event": "Dundee Precious Metals announces friendly C$287M takeover of Osino",
     "source": "theextractormagazine.com Oct 2025"
    },
    {
     "date": "2024-02",
     "event": "Yintai Gold (later Shanjin) tables superior all-cash C$368M (~US$272M) offer, C$1.90/sh",
     "source": "mining-technology.com 26 Feb 2024"
    },
    {
     "date": "2024-08-29",
     "event": "Acquisition closes; Shanjin owns 100% of Osino / Twin Hills",
     "source": "Osino/GlobeNewswire, 29 Aug 2024"
    }
   ],
   "stock": {
    "resource": {
     "value": null,
     "state": "Absent",
     "absence_basis": "not-yet-verified"
    },
    "reserve": {
     "value": null,
     "state": "Absent",
     "absence_basis": "not-yet-verified"
    },
    "capex_usd_m": {
     "value": 365,
     "state": "Sourced",
     "source": "Twin Hills DFS eff. 12 Jun 2023 (Lycopodium, NI 43-101)"
    },
    "npv_usd_m": {
     "value": 656,
     "state": "Sourced",
     "source": "post-tax NPV5 @ $1,950/oz (DFS 2023); DFS also reports pre-tax NPV5 US$742M @ $1,750/oz, IRR 34%, 13-yr LOM, ~162 koz/yr"
    }
   },
   "control": {
    "controlling_party": "Shanjin International Gold (formerly Yintai, China)",
    "state": "Sourced",
    "note": "Factual controlling-party statement; the prior Derived alignment tag was removed with the verdict layer (v2.136.60)."
   },
   "control_financing_summary": {
    "value": "Controlling shareholder: Shanjin International Gold (acquired Osino Resources); self-funded from parent balance sheet; no DFI in the capital structure. Namibia: 5% non-carried local minority (mining-licence condition). Prior competing offers for Osino (incl. Dundee) were disclosed during the 2024 takeover process.",
    "state": "Sourced",
    "source": "per the Sourced event cells on this record"
   }
  },
  {
   "id": "goulamina",
   "name": "Goulamina",
   "country": "Mali",
   "commodity": "Lithium",
   "ownership": {
    "value": "Ganfeng Lithium 65% / Government of Mali 35% (10% free + 25% purchased for ~US$34.3M under 2023 Mining Code)",
    "state": "Sourced",
    "source": "Ecofin Agency; Lithium Royalty Corp/BusinessWire Dec 2025"
   },
   "offtake": {
    "value": "Output 100% pre-sold to China / controlling-shareholder-linked offtake",
    "state": "Sourced",
    "source": "Mysteel Jan 2026; Ecofin"
   },
   "events": [
    {
     "date": "2023-09",
     "event": "Ganfeng acquires 55% of Mali Lithium SPV for US$138M",
     "source": "Mysteel Jan 2026"
    },
    {
     "date": "2024-12",
     "event": "Goulamina commissioned; Stage-1 506 ktpa SC6; Ganfeng agrees to transfer 35% to Mali state",
     "source": "MINING.COM Dec 2024; Ecofin"
    },
    {
     "date": "2025-07-03",
     "event": "Ganfeng buys Leo Lithium's remaining 40% (US$342.7M) → 100% of the SPV (before Mali's 35%)",
     "source": "Argus 9 Jul 2025"
    },
    {
     "date": "2025-08",
     "event": "First commercial spodumene shipment",
     "source": "Lithium Royalty Corp/BusinessWire Dec 2025"
    }
   ],
   "stock": {
    "resource": {
     "value": "108 Mt @ 1.44% Li2O (M&I) + 159.2 Mt @ 1.33% (inferred); ~7.14 Mt LCE; 4th-largest spodumene resource globally",
     "state": "Sourced",
     "source": "Lithium Royalty Corp/BusinessWire Dec 2025; Argus Jul 2025"
    },
    "reserve": {
     "value": null,
     "state": "Absent",
     "absence_basis": "not-yet-verified"
    },
    "capex_usd_m": {
     "value": null,
     "state": "Absent",
     "absence_basis": "not-yet-verified"
    },
    "npv_usd_m": {
     "value": 2946,
     "state": "Derived",
     "source": "npv8_common (Derived to common 8%) from Firefinch/Leo Lithium DFS Update 6 Dec 2021; C1 cash cost ~US$312/t"
    }
   },
   "control": {
    "controlling_party": "Ganfeng Lithium (China) 65% / Government of Mali 35%",
    "state": "Sourced",
    "note": "Factual controlling-party statement; the prior Derived alignment tag was removed with the verdict layer (v2.136.60)."
   },
   "control_financing_summary": {
    "value": "Ownership: Ganfeng Lithium 65% / Government of Mali 35% (10% free-carried + 25% purchased for ~US$34.3M under the 2023 Mining Code). Ganfeng consolidated the foreign interest by buying out Leo Lithium (Jul 2025). Offtake: output 100% pre-sold to China / controlling-shareholder-linked. Financing from the controlling shareholder; no Western-DFI role disclosed.",
    "state": "Sourced",
    "source": "per the Sourced event cells on this record"
   }
  },
  {
   "id": "kurmuk",
   "name": "Kurmuk",
   "country": "Ethiopia",
   "commodity": "Gold",
   "ownership": {
    "value": "Allied Gold (TSX:AAUC). Allied is itself under a Zijin Gold takeover (C$5.5bn); outside date extended to 29 Jul 2026; not yet closed.",
    "state": "Sourced",
    "source": "Allied Gold 6-K, 10 Jun 2026"
   },
   "offtake": {
    "value": "N/A — gold sold to refiner at spot",
    "state": "N/A"
   },
   "events": [
    {
     "date": "2026-01",
     "event": "Zijin Gold arrangement to acquire Allied Gold announced",
     "source": "Allied Gold 6-K, Jan 2026"
    },
    {
     "date": "2026-06-10",
     "event": "Outside completion date extended to 29 Jul 2026; parties remain committed; first gold expected mid-2026",
     "source": "Allied Gold 6-K, 10 Jun 2026"
    }
   ],
   "stock": {
    "resource": {
     "value": null,
     "state": "Absent",
     "absence_basis": "not-yet-verified"
    },
    "reserve": {
     "value": null,
     "state": "Absent",
     "absence_basis": "not-yet-verified"
    },
    "capex_usd_m": {
     "value": 717,
     "state": "Sourced",
     "source": "Allied Gold Kurmuk budget (Combined FS Dec 2022)"
    },
    "npv_usd_m": {
     "value": 548,
     "state": "Sourced",
     "source": "after-tax NPV5 @ $1,568/oz (2022 modelling)"
    }
   },
   "control": {
    "controlling_party": "Allied Gold — under pending Zijin Gold (China) takeover (not closed)",
    "state": "Sourced",
    "note": "Factual controlling-party statement; the prior Derived alignment tag was removed with the verdict layer (v2.136.60)."
   },
   "control_financing_summary": {
    "value": "Control change pending: parent Allied Gold under a Zijin takeover (C$5.5bn; outside date extended to 29 Jul 2026; shareholder, court, ICA, ECOWAS and COMESA clearances obtained; remaining African host-country approvals in progress; not closed). Asset self-funded (US$717m budget); no DFI in the capital structure.",
    "state": "Sourced",
    "source": "per the Sourced event cells on this record"
   }
  },
  {
   "id": "sadiola",
   "name": "Sadiola",
   "country": "Mali",
   "commodity": "Gold",
   "ownership": {
    "value": "Allied Gold operating asset (Mali). Allied under the same pending Zijin takeover (outside date 29 Jul 2026).",
    "state": "Sourced",
    "source": "Allied Gold 6-K, 10 Jun 2026"
   },
   "offtake": {
    "value": "N/A — gold sold to refiner at spot",
    "state": "N/A"
   },
   "events": [
    {
     "date": "2026-01",
     "event": "Zijin arrangement to acquire Allied Gold (Sadiola's owner) announced",
     "source": "Allied Gold 6-K, Jan 2026"
    },
    {
     "date": "2026-06-10",
     "event": "Outside completion date extended to 29 Jul 2026",
     "source": "Allied Gold 6-K, 10 Jun 2026"
    }
   ],
   "stock": {
    "resource": {
     "value": null,
     "state": "Absent",
     "absence_basis": "not-yet-verified"
    },
    "reserve": {
     "value": null,
     "state": "Absent",
     "absence_basis": "not-yet-verified"
    },
    "capex_usd_m": {
     "value": null,
     "state": "Absent",
     "absence_basis": "not-yet-verified"
    },
    "npv_usd_m": {
     "value": null,
     "state": "Absent",
     "absence_basis": "not-yet-verified"
    }
   },
   "control": {
    "controlling_party": "Allied Gold — under pending Zijin Gold (China) takeover (not closed)",
    "state": "Sourced",
    "note": "Factual controlling-party statement; the prior Derived alignment tag was removed with the verdict layer (v2.136.60)."
   },
   "control_financing_summary": {
    "value": "Control change pending: operating gold asset whose parent (Allied Gold) is under the same pending Zijin takeover as Kurmuk (outside date 29 Jul 2026; not closed). Mali state participation per the applicable code.",
    "state": "Sourced",
    "source": "per the Sourced event cells on this record"
   }
  },
  {
   "id": "simandou",
   "name": "Simandou",
   "country": "Guinea",
   "commodity": "Iron ore",
   "ownership": {
    "value": "SimFer (Rio Tinto + Chinalco + Guinea) operates the southern blocks; Winning Consortium Simandou (China-led, incl. Baowu) holds the northern blocks; Guinea state co-owns infrastructure.",
    "state": "Sourced",
    "source": "Rio Tinto / SimFer disclosures, 2026"
   },
   "offtake": {
    "value": "First SimFer sales routed to China from Apr 2026",
    "state": "Sourced",
    "source": "Rio Tinto disclosures, Apr 2026"
   },
   "events": [
    {
     "date": "2026-01",
     "event": "First ore railed",
     "source": "Rio Tinto disclosures, Jan 2026"
    },
    {
     "date": "2026-04",
     "event": "First SimFer sales to China; Morebaya throughput ramping",
     "source": "Rio Tinto disclosures, Apr 2026"
    }
   ],
   "stock": {
    "resource": {
     "value": null,
     "state": "Absent",
     "absence_basis": "not-yet-verified"
    },
    "reserve": {
     "value": null,
     "state": "Absent",
     "absence_basis": "not-yet-verified"
    },
    "capex_usd_m": {
     "value": null,
     "state": "Absent",
     "absence_basis": "not-yet-verified"
    },
    "npv_usd_m": {
     "value": null,
     "state": "Absent",
     "absence_basis": "not-yet-verified"
    }
   },
   "control": {
    "controlling_party": "Rio Tinto (SimFer, operator) + Winning Consortium Simandou (China-led) + Chinalco + Baowu + Guinea state",
    "state": "Sourced",
    "note": "Factual controlling-party statement; the prior Derived alignment tag was removed with the verdict layer (v2.136.60)."
   },
   "control_financing_summary": {
    "value": "Operator: Rio Tinto within the SimFer JV (Rio Tinto + Chinalco + Guinea) on the southern blocks; Winning Consortium Simandou (China-led, incl. Baowu) holds the northern blocks; Guinea state co-owns the infrastructure. First SimFer sales routed to China from Apr 2026 under disclosed arrangements. Operatorship and offtake routing are distinct facts and are stated separately.",
    "state": "Sourced",
    "source": "per the Sourced event cells on this record"
   }
  },
  {
   "id": "kabanga-ni",
   "name": "Kabanga",
   "country": "Tanzania",
   "commodity": "Nickel",
   "ownership": {
    "value": "Lifezone Metals (via Tembo Nickel); Government of Tanzania 16% free-carried",
    "state": "Sourced",
    "source": "Kabanga FS-TRS (S-K 1300), 18 Jul 2025"
   },
   "offtake": {
    "value": "100% offtake control retained by Lifezone (Ni/Cu/Co intermediate)",
    "state": "Sourced",
    "source": "Kabanga FS-TRS 2025"
   },
   "events": [
    {
     "date": "2026-Q1",
     "event": "US DFC environmental & social due diligence completed",
     "source": "Lifezone disclosures, Q1 2026"
    },
    {
     "date": "2025-2026",
     "event": "US EXIM + JOGMEC (Japan) engaged; Société Générale-led project-finance package; FID targeted 2026",
     "source": "Lifezone disclosures 2025-26"
    }
   ],
   "stock": {
    "resource": {
     "value": "Contained nickel ~902 kt in-concentrate (FS-TRS)",
     "state": "Sourced",
     "source": "Kabanga FS-TRS 18 Jul 2025"
    },
    "reserve": {
     "value": "52.2 Mt @ 1.98% Ni, 0.27% Cu, 0.15% Co (100% project basis); 43.9 Mt Lifezone-attributable (84%)",
     "basis": "100% project basis stated; attributable stated alongside — not interchangeable",
     "effective_date": "2025-07-18",
     "state": "Sourced",
     "source": "Lifezone Metals release 'Files the Feasibility Study Technical Report Summary for the Kabanga Nickel Project in Tanzania', 18 Jul 2025 (Business Wire) Table 2; FS-TRS Rev C.1, EDGAR Exhibit 96.1, filed 18 Jul 2025 Table 12-6",
     "source_url": "https://www.businesswire.com/news/home/20250718629516/en/Lifezone-Metals-Files-the-Feasibility-Study-Technical-Report-Summary-for-the-Kabanga-Nickel-Project-in-Tanzania",
     "source_date": "2025-07-18",
     "promoted": "2026-09-07"
    },
    "capex_usd_m": {
     "value": 942,
     "state": "Sourced",
     "source": "Kabanga FS-TRS 18 Jul 2025"
    },
    "npv_usd_m": {
     "value": 1579,
     "state": "Sourced",
     "source": "after-tax NPV8 (Kabanga FS-TRS, S-K 1300, 18 Jul 2025)"
    }
   },
   "control": {
    "controlling_party": "Lifezone Metals; US/Japan DFI-ECA anchored",
    "state": "Sourced",
    "note": "Factual controlling-party statement; the prior Derived alignment tag was removed with the verdict layer (v2.136.60)."
   },
   "control_financing_summary": {
    "value": "Control: Lifezone Metals (via Tembo Nickel); Tanzania 16% free-carried. Offtake: retained by Lifezone. Financing parties engaged: US DFC (E&S due diligence completed), US EXIM, JOGMEC (Japan); Société Générale-led project-finance package; Standard Chartered strategic; US$60m Taurus bridge (Aug 2025) + US$75m equity (H2 2025).",
    "state": "Sourced",
    "source": "per the Sourced event cells on this record"
   }
  },
  {
   "id": "longonjo",
   "name": "Longonjo",
   "country": "Angola",
   "commodity": "Rare earths (NdPr)",
   "ownership": {
    "value": "Pensana plc; Angola sovereign/local participation per project terms",
    "state": "Sourced",
    "source": "Pensana disclosures; DFC"
   },
   "offtake": {
    "value": "US magnet-maker offtake (Vacuumschmelze / e-VAC Magnetics, South Carolina)",
    "state": "Sourced",
    "source": "Pensana / DFC disclosures 2025"
   },
   "events": [
    {
     "date": "2025-10",
     "event": "US EXIM issues Letter of Interest for up to US$160M debt",
     "source": "Pensana disclosures, Oct 2025"
    },
    {
     "date": "2025-12",
     "event": "US$100M strategic equity secured; US DFC project-development support; VAC/e-VAC US magnet offtake",
     "source": "Pensana disclosures, Dec 2025"
    }
   ],
   "stock": {
    "resource": {
     "value": null,
     "state": "Absent",
     "absence_basis": "not-yet-verified"
    },
    "reserve": {
     "value": null,
     "state": "Absent",
     "absence_basis": "not-yet-verified"
    },
    "capex_usd_m": {
     "value": null,
     "state": "Absent",
     "absence_basis": "not-yet-verified"
    },
    "npv_usd_m": {
     "value": null,
     "state": "Absent",
     "absence_basis": "not-yet-verified"
    }
   },
   "control": {
    "controlling_party": "Pensana; US DFI-ECA + US magnet offtake",
    "state": "Sourced",
    "note": "Factual controlling-party statement; the prior Derived alignment tag was removed with the verdict layer (v2.136.60)."
   },
   "control_financing_summary": {
    "value": "Control: Pensana plc; Angola sovereign/local participation per project terms. Financing events: US EXIM Letter of Interest up to US$160M (Oct 2025); US$100M strategic equity secured + US DFC project-development support (Dec 2025). Offtake: US magnet-maker (Vacuumschmelze / e-VAC Magnetics, South Carolina).",
    "state": "Sourced",
    "source": "per the Sourced event cells on this record"
   }
  },
  {
   "id": "kangankunde",
   "name": "Kangankunde",
   "country": "Malawi",
   "commodity": "Rare earths (NdPr)",
   "ownership": {
    "value": "Lindian Resources (ASX:LIN)",
    "state": "Sourced",
    "source": "Lindian disclosures, 7 May 2026"
   },
   "offtake": {
    "value": null,
    "state": "Absent",
    "absence_basis": "not-yet-verified"
   },
   "events": [
    {
     "date": "2025-08",
     "event": "FID; construction underway",
     "source": "Lindian disclosures 2025"
    },
    {
     "date": "2026-Q4",
     "event": "First production targeted Q4-2026",
     "source": "Lindian, 7 May 2026"
    }
   ],
   "stock": {
    "resource": {
     "value": null,
     "state": "Absent",
     "absence_basis": "not-yet-verified"
    },
    "reserve": {
     "value": null,
     "state": "Absent",
     "absence_basis": "not-yet-verified"
    },
    "capex_usd_m": {
     "value": null,
     "state": "Absent",
     "absence_basis": "not-yet-verified"
    },
    "npv_usd_m": {
     "value": null,
     "state": "Absent",
     "absence_basis": "not-yet-verified"
    }
   },
   "control": {
    "controlling_party": "Lindian Resources (ASX-listed, Australian); offtake/funding alignment not yet Sourced",
    "state": "Sourced",
    "note": "Factual controlling-party statement; the prior Derived alignment tag was removed with the verdict layer (v2.136.60)."
   },
   "control_financing_summary": {
    "value": "Control: Lindian Resources (ASX-listed). Offtake and project financing not yet Sourced in reviewed disclosures — stated as Absent, not assumed.",
    "state": "Sourced",
    "source": "per the Sourced event cells on this record"
   }
  },
  {
   "id": "colluli-potash",
   "name": "Colluli Potash",
   "country": null,
   "commodity": "SOP",
   "record_note": "Row created 7 Sep 2026; absence of a row was not a statement that the fields were absent.",
   "control": {
    "value": "Sichuan Road and Bridge Group Co., Ltd (SRBG) acquired 100% of the shares held by Danakali's subsidiary STB Eritrea Pty Ltd in Colluli Mining Share Company, plus the outstanding CMSC shareholder loan, for US$135m and US$31m respectively — US$166m total in upfront cash and deferred payments. Completion 31 March 2023. Net of all Eritrean government taxes Danakali received US$121m in two tranches (US$105m / AUD156m on completion; US$16m at six months). CMSC's other 50% is held by ENAMCO.",
    "state": "Sourced",
    "source": "Danakali ASX 'Completion of Sale of Colluli Interest', 31 Mar 2023 (preserved, archive/bytes/)",
    "promoted": "2026-09-07",
    "source_date": "2023-03-31"
   },
   "control_sphere": {
    "value": "Chinese state-owned enterprise (SRBG) 50% / Eritrean state (ENAMCO) 50%",
    "state": "Derived",
    "method": "control-sphere is the nationality of the controlling equity blocs as named in the completion release; both halves are state-linked and neither is a private operator",
    "source": "Danakali ASX 'Completion of Sale of Colluli Interest', 31 Mar 2023 (preserved, archive/bytes/)",
    "promoted": "2026-09-07"
   }
  }
 ],
 "sample_note": "NOT A MARKET CENSUS. This is a verified starting set — the counts below are of assets tagged to date (each verified this cycle to ≥2 sources), not a measure of market share or the full universe of such assets. At least one further asset with a completed control change (Colluli, Eritrea — SRBG/ENAMCO 50/50) is known and not yet carried pending re-verification. Read the tags per-asset; do not read the counts as a ratio. Coverage extends on the filing-currency sweep cadence.",
 "counts_note": "Counts are of the tagged sample only (see sample_note) — not a census."
}