Having been involoved in mining in China they are a long way off building a pilot plant etc. if they are still looking for a suitable site. Geeting mining approvals in China, even for clean energy projects, is not that easy and is a 12 - 18 month process.
Whilst it is positive, CXY still haven't found a suitable site yet so realistically we are a fw years off of anything real happening in China.
Clean Global have a project in Inner Mongolia, have partners and funders and are going through the regulatory hurdles now. The have been working on the approvals for near 12 months, I suspect this is crucial to them finalising funding for their project.
It took Exoma Energy over 12 months to get CNOOC to invest in the CSG project.
It took the company I was with over 18months to get mining approvals.
China doesn't work as fast as everyone thinks.
It will be a long road to China...I just hope we can get there.
Having been involoved in mining in China they are a long way off...
Add to My Watchlist
What is My Watchlist?