tag:blogger.com,1999:blog-1209670742820403516.post7907875751509187419..comments2024-02-24T06:10:42.255-08:00Comments on Congo Siasa: Why Congo Siasa Will Not Be SuedJason Stearnshttp://www.blogger.com/profile/11454449854081540397noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-1209670742820403516.post-57245651294840094652010-08-24T19:49:23.482-07:002010-08-24T19:49:23.482-07:00I agree, and good points. A lot of people have bee...I agree, and good points. A lot of people have been perplexed about ENRC wading into this, but CAMEC was also pretty dodgy and they didn't care much there, either. The only danger is if there is ever a new government that comes to power (a big if), I could imagine they wouldn't be too happy with a company that got very close to Kabila's circle, possibly even financed them indirectly.Jason Stearnshttps://www.blogger.com/profile/11454449854081540397noreply@blogger.comtag:blogger.com,1999:blog-1209670742820403516.post-44130115894655453002010-08-23T05:49:07.128-07:002010-08-23T05:49:07.128-07:00This is a big deal in the mining sphere. First Qua...This is a big deal in the mining sphere. First Quantum was stock market darling of the mining specialist funds, lots of big and important funds hold/held it. ENRC are big enough though, to brush any reputational risk of, they don't really care about what mining funds think about them as they can always get money from the more generalist Emerging Market/Hedge funds.<br /><br />This is ENRC's second forray into the DRC. They previously bought CAMEC, an extremely shady company, where Gertler held 35%.<br /><br />DRC government simply doesn't care about DRC reputation as an investment destination. Their view is; the assets are that good, they will always be a willing buyer. This deal is a case in point.Unknownhttps://www.blogger.com/profile/07516194978327531960noreply@blogger.comtag:blogger.com,1999:blog-1209670742820403516.post-5316134509780084962010-08-20T19:12:07.616-07:002010-08-20T19:12:07.616-07:00I'm sure there are still other blog-related re...I'm sure there are still other blog-related reasons for which you could be sued... :)texasinafricahttps://www.blogger.com/profile/05098411373776559793noreply@blogger.com