MNS owns the Nachu project 100%. No bearing from local companies.
Chinese money with generous terms like 1% interest rate is everywhere for agriculture, raw materials and infrastructure. China is Tanzania' future. Note that China builds the Kilombero River bridge, which is important to the KNL Epanko project.
But there is no such things like a free lunch. China expects preference when it comes to mining license or others. When MNS has the PFS and get the debt financing arranged, the company will move quick to break ground early enough to start mining in 2015. When there are any hassles, our Chinese partners might be of great help.
MNS Price at posting:
21.5¢ Sentiment: Buy Disclosure: Held
(20min delay)