http://www.bdlive.co.za/africa/africanbusiness/2014/06/04/chinese...

http://www.bdlive.co.za/africa/africanbusiness/2014/06/04/chinese-firms-more-cautious-about-africa


Chinese firms more cautious about Africa by Franz Wild, June 04 2014, 11:03

One part.....

Jinchuan Group’s search for nickel and copper in Tanzania failed in 2011, when the world’s fourth-biggest nickel producer reali sed it would not get a licence to dig up a nature reserve. Project leader Jianke Gao was sent to build a South African mine as CEO of Wesizwe Platinum. Jinchuan had bought a 45% stake. "Before coming to buy a project, Chinese (firms) will now do more research before making a decision," Mr Gao said in an interview. "When Chinese investors come to other countries to invest, there are lots of examples of failure." "The more de-risked a project, the easier it is to get funded today, so something without even a pre-feasibility report is a little difficult to swallow," Mr Kwong said, before flying to Zimbabwe to look at another possible project. "But if it is near production, but requires a substantial amount of capex to take it into production in order to unlock value, that is probably our favorite type of profile" cont

and
"Platinum mine chief Mr Gao’s experiences during his four foreign postings tell of the difficulties many Chinese have in bridging the cultural gap with Africans. Speaking through an interpreter, he said he failed to understand the resistance by South African engineers to Chinese technology, which has proven to make the construction of new mine shafts more efficient." continues

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I think nk - we have their favourite type of profile just need SA to measure up.imo.

also noticed that Eskom needs government bailout and has strikes on

http://www.iol.co.za/business/companies/numsa-strike-hits-work-at-eskom-1.1712630

Wildcat ...