WHY SOC IS DOWN--TANZANIA MINING....LAWS STATE THE FOLLOWING:
A Primary Prospecting Licence and a Primary Mining Licence cannot be granted to an individual
who is not a citizen of Tanzania or to a company unless:
· its members are all citizens of Tanzania.
· its directors are all citizens of Tanzania.
· control over the company, both direct and indirect, is exercised from within Tanzania by
persons all of whom are citizens of Tanzania
It is can and the ML lease holder who the commissioner is encouraging to resolve this one. The Soc option are likely a legal unknown. Soc does not own a pot to piss in. How are they going to fund a legal battle with Can.
Hardball all the way to the supreme court of Tanzania, if the arbittator imposes an unjust settlement, I say.