RE: Glencore InternationalIdavid, excellent Post.
Maybe Glencore or a subsidiary will be accepted by the DR Govt as arm's length enough from Xstrata & Xstrata's 85% owned Falcondo ‘Ni Ore-Reduction & Melting-into-FeNi’ Plant to enable GMI Ni Ore to be Tolled at Falcondo into GMI FeNi and to thus avoid Falcondo's +50% tax rate for many years. DR Govt owns 15% of Falcondo.
The fact that, at this late stage before mid 2008 startup, we have not learned who is negotiating for GMI's Cu Conc T&R Agreement suggests it may be Glencore. However, Glencore may have competition as all Ni Majors have by now recognized GMI's world class Ni potential.
GMI is incredibly undervalued so let there be real arm's length Norilsk, etc competition, the more the better.