Ann: Market Update, page-31

they are just waiting on African extension..  NDRC isn't required on 100m.
NDRC

Earlier this year NDRC took steps to loosen significantly its scrutiny of outbound investment by Chinese enterprises. As a result of these changes:

• central level NDRC approval is now required only for investments of $300 million or more (resources sector) or $100 million or more (non-resources sector) - these thresholds are ten times higher than those set out in the previous NDRC regulations published in 2004
• provincial level NDRC approval is required for all investments below the thresholds mentioned above (save for investments below these thresholds made by an SOE directly controlled by SASAC, where only a filing with NDRC will be required)
• central level NDRC or State Council approval is required for certain “special projects”, irrespective of the amount of the investment