Nice find Staunch,
""(CNN) — When top Chinese diplomat Yang Jiechi met Cameroon President Paul Biya in the capital Yaounde last month and wrote off a chunk of the African country's debt, the deal very nearly went unnoticed.
China issued no press release, and the Cameroon government did not mention the debt cancellation in its
write-up of Yang's visit.
It was only when a
Chinese news report later alleged that Beijing had written off
3 trillion Central African CFA francs ($5.2 billion) of Cameroon's debt during Yang's trip that the existence of a deal emerge
The figure was incorrect. Five billion dollars is close to the amount Cameroon has borrowed from Beijing since 2000, according to the
China Africa Research Initiative (CARI), and exceeds the amount the country is believed to still owe.""
IMO the Chinese know how valuable the Cameroon commodities are and are trying to get in early on any favorable deals that may eventuate.
One thing for sure is that the Chinese don't overpay and never give things away.
All bodes extremely well for Canyon, just need to read between the lines.
