Yes a very large component would have been the GOVT. RIO would have to been satisfied around Govt regulations - mining bill and had a great deal of discussion with the GOVT. Another very large de-risking event - Malawi gov would want this mine development operational asap - the revenue will be exceptional for Malawi along with employment - infrastructure - logistics. I would like to see processing on site in PFS - not to concentrate only - what scale initial production will be key - but they mentioned one of largest rutile production mines! and simple processing aided hugely by the saprolite hosted ground and resource at surface - low strip ratios.
The PFS GBE released a few years ago (now changed) was incredibly low CAPEX/OPEX -
No surprise that RIO acted relatively soon after GBE were awarded their critical "Mine Development Agreement".
Ann: Rio to Invest $40.4m to Become a 15% Strategic Investor, page-51
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