African States Flex Muscles In Natural Resource Dealings

Law360, New York (October 12, 2012, 10:01 PM EDT) -- Backed by proven reserves and increasingly sophisticated market knowledge, African sovereigns are negotiating for more control and better benefits in deals with developers seeking to tap the continent's vast energy and mineral resources, according to project experts.

Case in point: Cameroon is closing in on a development deal with Sundance Resources Ltd., the Australian miner looking to tap more than 775 million metric tons of high-grade material in an emerging iron ore province that spans Cameroon, the Republic of Congo and Gabon. The novel convention —...
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