Hudson control7 Oct 2018 08:52
Bigger prize at stake here. With the $20 BILLION loan that Guinea secured from China last September.
The loan will cover a 20 year period, and will be use for much needed infrastructure. Guinea will pay back some of the loan with mining concessions,
Guinea, Africa’s leading bauxite producer, holds some of the world’s richest bauxite and iron ore deposits, including the Simandou iron ore deposit, in its remote east, which is mired in legal disputes but has nevertheless attracted intense interest from China. China, which has been one of the world's largest users of aluminum, has been eager to secure long-term access to aluminuim's key ore.
Aluminium maybe the first stage, with iron ore next on the menu when the infrastructure is improved.
IMHO,
Bellzone maybe trying to talk with Hudson, but the bigger talks will be between Guinea and Chinese governments. That $20 billion loan is a very big carrot
If Bellzone are close to securing a deal with the port, this could free up cash so we don't have to rely on Hudson.
Maybe this is the reason that Hudson is playing hard ball
of interest :
https://www.calcalistech.com/ctech/articles/0,7340,L-3727099,00.html
https://www.zerohedge.com/news/2017-09-06/china-loans-guinea-20-billion-exchange-minerals
https://www.reuters.com/article/us-guinea-mining-china/china-to-loan-guinea-20-billion-to-secure-aluminum-ore-idUSKCN1BH1YT