RE: Buy Out12 Dec 2019 17:28
Hi Jay12 et al,
If you listen to AT's interview , he adds some 'colour' to the bald details of the RNS [ added here] , in particular this para :
"COIDIC is a company specialized in the early stage development [ IE THE PROJECT SPONSOR OR CO_ORDINATOR] of energy and infrastructure projects in Africa, including Congo-Brazzaville, and in regions of China's Belt and Road Initiative. COIDIC's Founding shareholders include some of China's leading institutions such as China-Africa Development Fund (CADFund), a subsidiary of China Development Bank, [ IE THE MONEY ] as well as China Gezhouba Group International Engineering Co. Ltd., [IE SOUNDA DAM] China Civil Engineering Construction Corporation (CCECC) [IE THE SEZ} , China ENFI Engineering Corporation (China ENFI) specialized in mineral and mining [ IE THE SLURRY PIPELINE ] , China Telecom International [IE THE WIRETAPS - joke !], Hebei Construction & Investment Group Co Ltd. (HCIG), and Changjiang Institute of Survey, Planning, Design and Research. …"
I didn't catch the precise cross-reference, but AT also stated that one member of the Group had responsible for a copper mine in RoC [IE MINING EXPERTISE] and another had been responsible for 80% of Chiana BRI African railway network [ IE RAILWAY ]
We're all agreed that one of the things holding things up is the complexity of interlocking interests that all need to be put into lockstep and where the success of the whole is dependent on the successful execution of each part.
In Western terms, the above grouping of interests is what you would see if someone was bidding for a LUMP-SUM TURNKEY project.
Except here the Chinese are doing for a country, not just an industry. To show their notional client (Nguesso) and their actual client (President Xi)
That's my take, anyway.
ATB
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