My reading of the St African Mining Registration Act states that mining must commence within 12 months of registration. However an extension may be granted.
In my opinion Zijin will move on Minorities as soon as the Mining Registration is completed. Cannot see the reason in maintaining staff in Sth Africa and holding this wanted asset without any return on capital invested to date. Better to start production before politics get in the way and locals get frustrated with authorities.
NKP Price at posting:
6.1¢ Sentiment: Buy Disclosure: Held