African gold mine deals with prickly issue of nationalism

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A Simmons & Simmons Beijing-based partner has just completed a complex and risky deal for a gold mine but he will not disclose exactly where it is – a symptom of the volatility and risks involved with Chinese investment in extracting valuable African resources.

林在志 Eric Lin
林在志 Eric Lin

Regulatory risks exist in Africa through policies commonly known as resource nationalism, and sensitive acquisitions can get into trouble quickly with governments. Foreign investors can also face sometimes violent reprisals if their projects are deemed exploitive by local populations.

What Eric Lin can disclose is China-Africa Investment and Development (CAIDC) has acquired a controlling stake in a gold mine in Africa in a complex and particularly challenging deal due to the regulatory risks associated with local laws.

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