RE:RE:Good news for IvanhoeWhen and if Peru takes 70% of the profit, cu from Peru is likely to drop off in terms of production , making DRC cu more valuable. Drc GOV owns 20% of K-K mine and has already shown it's power over K-K by refusing to issue export license if K-K did NOT use local smelter. K-K made deal to use local smelter.
Peru will go the way of Venezuela which has the world's largest oil reserves and the lowest production because of nationalization of oil assets.
IVAN will not let that happen in -K-K mine