AVM 0.00% 2.0¢ advance metals limited

not to bad, page-8

  1. 572 Posts.
    There are powerful balances to ensure reasonable outcomes for companies.

    First China.
    China contributes to the Congo, is wealthy, is interested in establishing mines in Congo. A force to be reckoned with. Any "Convention" will apply to all. Congo Government needs to accommodate China. Meaning accommodating all mining companies.

    Secondly some larger mining institutions are engaged in mining in the Congo. Combined they are an irresistible force.

    Thirdly the Congo Government has matured and has a remarkable (considering Congo history and divisions) track record.

    One must expect Congo to benefit from mining of their resources.
    We would expect no less in whatever country we live.

    Statements from Congo Government indicates they are anxious not to overstep the mark and antagonise mining companies to the extent mines close or to the extent that future mines are no longer considered feasible or are considered too risky.

    The Government has emphasised that they are open to negotiation.

    This is a balancing act by both Government and miners.

    The present turmoil could well be beneficial for miners in the longer term.
 
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