Ok, with all due respect hopefully this mine is not a strategic resource but per below definition it is and government can ask for 51% stake. Now who said new Algeria mining law was useful.
"The law sets out two different categories of mineral resources – general and strategic – with different rules for each. For the former, any Algerian company can undertake mineral exploration and exploitation, provided they have sufficient technical and financial resources, while strategic resources can be explored and mined only by the government and public institutions. Radioactive materials, metallic and non-metallic minerals used for industrial purposes, precious metals, precious and semi-precious stones, together with large mineral deposits which have exceptionally low operating costs due to ideal geological conditions, are all included in the strategic resource category. However, provisions are made for public enterprises to bring foreign partners on board for projects, provided the state retains a 51% stake – similar to the country’s hydrocarbon regulations."
Clearly this Tara Hamza mine is a "strategic resource", so high risk for TZN. Don't yell now please. I am just putting the facts here.
TZN Price at posting:
3.9¢ Sentiment: Sell Disclosure: Not Held
