Ann: Peak and Shenghe Sign Offtake and Strategic Co-operation MOU, page-113

The fact it's non binding really illustrates how nothing can move forward until an agreement and framework has been sign with the government. Once that is done then peak will have more negotiation power .

lets put this in perspective, Tanzania wants money for programs, they are not just going to China for loan's when they can get revenue from developments.

china wants controll of supply, either through take overs or binding agreements, it's in China's interest to keep prices at levels where some projects remain marginal , that means they need a feed of supply from low opex mines like peak. The long game here is control, all mines are finite even China's