As a result of that system, most of China’s large mining companies know a lot about mine engineering and little about geology, and so prefer to invest in overseas projects that are already developed and close to producing.
Yes, this is the news from last November, hence I put reminder in the title.
I doubt the finance deal Hunan have done with a bank is just surety and bolsters their capability to invest in overseas enterprise like BMR which China as a government are pushing for to secure mineral supply.
I think we will get news soon, there is so much in the pipeline or it is one big fatal blow that we have been eaten by GC or someone else. We do look tasty now.
think you're exactly right - from reading what's been posted there is nothing concrete to suggest that any money Hunan has borrowed has any link with BMR, but I suspect some people will as usual put 2 and 2 together and get 7.
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