General Discussion, page-29

Yeah, the EGR announcement in March addressed these developments. This specific article may not have been referenced on these threads, but it doesn't raise anything new. The key point was that the proposed debt facility structure was deemed compliant under the new legislation.



This informal approval by the Tanz government doesn't mean a lot, in my opinion. Plenty of pain for foreign mining companies in recent years and final approvals can take forever, even when all prerequisite documentation has been submitted and conditions met. Just take a look at Peak Resources. I would expect the KfW due diligence to proceed without issue, but my concern is that progress will be stymied at the next step. The Tanz government under the new president has greatly improved the investment climate, but have a lot on their plate at the moment.

At least this announcement offered hope of progress at Epanko again as I had effectively written it off a long time ago.