Ann: Kipushi Cobalt-Copper Tailings Project Market Update, page-5

The warranties provided by the Company pursuant to the Settlement Agreement are:
Make a US$500,000 payment to Patience within 21 days of the date of the Settlement Agreement, being a prepayment repayable from Patience’s future profits from the Project (non-refundable should production not commence);
Commencing 1 month after the date of the Settlement Agreement, make a US$25,000 monthly payment to Patience, being prepayments repayable from Patience’s future profits from the Project (non-refundable should production not commence);
Commencing 1 month after the date of the Settlement Agreement, purchase 42,700 tons of tailings per month from Gecamine at a monthly cost of US$292,068;
Within 3 months from the date of the Settlement Agreement, Cape Lambert will provide certification from a financier that project development funding has been approved;
Commence production of a newly constructed gravity separation and leach plant no later than 15 months from the date of the Settlement Agreement.
Failing to meet the above warranties entitles Patience to terminate the Settlement Agreement AND..
Cape Lambert will lose its interest in the Project.

The last line is the take away from this story!

How many Africans are NOT getting a cut or kickback here?