china funded kribi port to open in june, page-2

This is why it is so important to seperate the port/rail EPC tender with the asset equity and offtake tender.

The Chinese can't heavily dump (subsidizing at a loss) in order to win the EPC and use the total bid to low ball the asset purchase.

In the Sundance gameplan, even if the Chinese seriously undercut the European infrastructure company and win the EPC tender, they could still lose the assets if they aren't competitive.

This would result in the bitter prospect of China hauling a good part of the production for somebody else.

I think AQA would be very smart to sit on the Boasteel low ball offer and wait to see what the Chinese are paying for mbalam-nabeba on a $/t basis.