Post by
ventana on Jun 30, 2024 6:39am
Mubadala
The article also reported that Mubadala is retaining a 49% interest in PSN. Aris Mining will sole fund certain operating costs on behalf of the joint venture during the pre-licensing period. Non-operating and project construction costs will be funded on a pro-rata ownership basis.
My guess is Mubadala's arms may have been twisted too. They know that if they don't agree, they'll probably end up like EOM. However they have the backing of the Abu Dhabi government. Again, shareholders should be thankful for the favourable ICSID ruling . It has kept the hope alive.