RE:RE:RE:New mining code - Obligation to repatriate funds increased from 40% to 60% during the ‘investment return phase’ and to 100% thereafter, with no possibility of using funds repatriated to pay external debt.
All pretty draconian. But this particular clause, on the surface, seems to imply that after you make your money back at 40% of the pace of cash flow, you have to leave the rest in the country for ever. Which means you can never make a profit. These African guys have a real sense of humour. Next thing you know, we'll owe them a trillion dollars in back taxes.