Thursday, June 10, 2010

Japan Targets African, Bolivian Mine Projects Under Revised Law

apan, the world’s second-largest economy, may invest in African and Bolivian mineral projects after a revised law to help companies acquire overseas mining rights takes effect from July 1.
State-owned Japan Oil, Gas and Metals National Corp., or JOGMEC, said it can invest as much as 27.5 billion yen ($300 million) this fiscal year started April 1 in mining and minerals in collaboration with private companies and provide guarantees to fund projects. Under the current law, the agency can invest only in metal and mineral exploration projects. read more

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