sa to dispel nationalisation fears, page-11

Shabs - regarding Colombia, given that you're invested in NAE, you will be supportive of the country as a good coal investment destination, no?

Also, if you look at Bathurst Resources (BTU) in NZ - there is the possibility that NAE could face costly environmental resistance to their project - I can't see too many other operating coking coal mines in NAE's UK area. At least Conti is targeting a long-established, PRODUCING, profitable asset in Colombia, without the risks other coking coalers like BTU face, in terms of securing mining and development permits, etc. Also, given that the Colombian mine has minimal mechanisation, I would expect that margins will improve once mechanisation and economies of scale are introduced.

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To stay on topic, here's another interesting article:

Bafokeng to release global study on mine nationalisation

" ... it would also bring out interesting data on mining, for example, that every mining job in South Africa is equivalent to 26 livelihoods.

So job losses or job gains, as a result of State participation or any other economic phenomenon, have huge ramifications for any labour-sending community "