Tiger is OK unlike No where man / Storm
DRC Review puts companies into three catagories. The first where there is no problem with company and fully compliant, the Second where license is fine but needs adjustment or negotiation to bring in line with congo's new mining law. the third catagory is license revocation.
It must be noted is is a REPORT AND RECOMENDATION to be presented to the mining minister. Not a fait accompli.
The main concerns are companies that negotiated their deals prior to 2004 during the civil war with the previous adminstration (or what went for for govt) and prior to the mining law coming into place as assisted by the world bank. The review is about bringing all licenses in line with the new mining law.
Tiger's negotiations were conlcuded after 2004, under the new minging law, with the govt of today and is I understand compliant with the requriements of expenditure and development.
Insiders buying TGS now.
Tiger is OK unlike No where man / StormDRC Review puts companies...
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