mali coup, page-9

that is the problem with africa - some sovereign risk. damn it, but the project was risky to start with. two majors lost money on the project.

despite sovereign risk, common sense tends to prevail - as outgoing governments, and incoming governments, like to have the money.

the mali government have a 20 % equity in the mine (watso is not sure how this is worked out - but they are probably free carried) - and they could not run the mine themselves.

despite the risks involved, there would be very little chance of finding a similar size mine, in australia.