Watch Out Miners, China is Taking Over Africa

[Kate Turlington + 44]

If you're portfolio includes big mining stocks in Africa this year, I would take a serious look at the weight of projects in key venues because the Chinese state-run companies are coming in with guns blazing and they'll give governments a much better deal than anyone else will. Nothing compares to China's soft power control. Soon we'll all be playing impossible catch-up on global natural resources and the political and geopolitical power that comes along with it. All hail to the state-run company--so much easier to use it as a multi-faceted tool. 

[TraderTate + 186]

But at the same time I see they are dumping oil and gas assets in Africa ... Sinpoec is rumored to be selling its oil business in Nigeria and Gabon ... though it hasn't been confirmed. So does this mean their Africa push is all about mining? Just a shift away from oil and gas?

 

 

[LAOIL + 33]

yeah, totally different ball game being played by state-run nat resources companies and their Western counterparts. One for power, the other for profit only. Looks like power could win over profit