Ann: Tom Alweendo Interview, page-16

This comment from the Mines and Energy Minister is not that uncommon, and not just in African nations. The one thing that can be said about the oil industry is that they learnt a long time ago to give the government representative agency always a free carry. They realised early on that in many impoverished nations the government would simply not have enough cash to stump up for their share of capex. Whilst nothing is a given, I reckon the comments were more directed at the minerals/metals industry. Obviously Paladin took a hit yesterday. The companies most at risk, in my opinion, are in the renewable energy space. So Copper, Nickel, some rare earths, Lithium will see more governments running a watchful eye over them. Already Chile, Mexico have either partly nationalised or nationalised future Lithium. Chile also talked about nationalising Copper but this was shouted down.I guess Uranium may well follow suit as it is seen by many countries (not us of course!) as reliable future, green energy.

In summary I think we will be okay and the minister was more likely firing a shot across the bows of the mineral sector. However, nothing is a given.

Cant wait till they release results of 3D survey. Patience required.