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Who would sell-out of Africa at a loss, only to buy back in and 'immediately' start running the country down?. Is this the same person that got on his high horse about poster attitude (not mine) towards Africa, and branding members of this board as racist and homophobic! ????? Never quite worked out how homophobic got into any debate on this board?.
@Quindell exactly. to such an extent that a contract in Tz really means nothing. It's sales we need. Not promises of them.
Nothing is safe in Tanzania as I’m sure we all know
It's in the fiscal interests of the TZ Gov't for EDL to get the "stuff" out of the ground.
Their inability to accomplish this increases the likelihood of non-renewal.
Six years is a tiny duration in coal production.
aerial - definitely safe until February 2026, probably safe until February 2036. I think that summarises our differing views on wording!!!
GreenWolf
Every researched investor knows that all mining licences in Tanzania are renewable, but good to reassure anyone that is newly invested, or that is as yet unaware of the Tanzanian Mining Legislation.
I wonder if norrab has any other question that he would like answering?...
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The Tanzanian Mining Law Review October 2019:
A mining licence is granted for a maximum initial period of 10 years and may be renewed once for a period not exceeding 10 years. An application for renewal should be made not later than six months prior to expiry..
Pretty safe imo until February 2036
norrab - that's not until February 2026....
Will be interesting to see what happens when EDL's mining licence expires.......??