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Possible changes to DRC minng code, page-2

  1. 8horse
    26,847 Posts.
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    13/02/18
    11:19
    Post #: 31015321
    Randgold CEO is trying hard to open a dialogue with DRC government re new mining code.
    The nationalisation in African countries is always a topic, although from some high level.

    To back on the topic, having a look how Chinese listed companies reacting to DRC's new mining tax/codes.

    Three large Chinese listed companies directly affected by new law, do not react any negatively to the new DRC minerals codes, insteadly HuaYou is close at their record level.


    CMOC, (MC: A$30b, operating copper & cobalt mine, Tenke in DRC)
    Live share price quote:
    https://finance.yahoo.com/quote/3993.HK?ltr=1

    HuaYou, (MC: A$11b, operating mines in DRC), AVZ's (second) largest shareholder (10.5% AVZ or 16.5% including options on fully diluted)
    Live share price quote:
    https://www.bloomberg.com/quote/603799:CH

    HanRui Cobalt, (MC: A$6b, operating cobalt mine in DRC)
    Live share price quote:
    https://www.bloomberg.com/quote/300618:CH

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    HuaYou, (MC: A$11b, operating mines in DRC), AVZ's (second) largest shareholder (10.5% AVZ or 16.5% including options on fully diluted)
    Live share price quote:
    https://www.bloomberg.com/quote/603799:CH

    HanRui Cobalt, (MC: A$7b, operating cobalt mine in DRC)
    Live share price quote:
    https://www.bloomberg.com/quote/300618:CH
    AVZ Price at posting: 28.5¢ Sentiment: Buy Disclosure: Held
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