At least there seems to be some continuity in the permitting process for us with the new MONREC and Investment and Foreign Economic Relations Portfolio appointees, where deputies have been promoted rather than entirely new people brought in.
It is worth keeping in mind that huge investment from many other reputable regional partners will have to be dealt with fairly alongside our own interests, or many thousands will be out of work.
But even if we did get fully permitted sooner rather than later, country risk perceptions have definitely suffered and funding may be harder to secure. In this case, Chinese sources could fill the gap or corporate action pursued on terms less than what we expected before.
MYL Price at posting:
7.0¢ Sentiment: Buy Disclosure: Held
