That's ok. If they get an efficient reliable work force out of...

That's ok. If they get an efficient reliable work force out of the deal and government cooperation (eg roads, power, more EPLs and MLs, etc) it will be a very good deal.

The biggest problem with African mining companies are strikes, unions, demarcation disputes, and black empowerment groups wanting a share of the company and management positions. (Just look at PLA and google "Rossing strike" for examples.)

By having the "government" and the Namibians on board hopefully this should make things run much more smoothly and efficiently.

Besides, they are not taking any profits for ages. They are forfeiting their profits (dividends) until they have paid off much of their share of the company while it grows.

They are mainly in it for the jobs, skills, management, etc and want to work their butts off to make it all work out for the company and to make their future better.

So this is a far better deal than Gillard's 30-40% resource rent tax. At least the Namibians want to help with their hands and want to pay their way too. IMO Namibia is still the best and safest place to invest in Africa.