energio to exploit african boom, page-7

immmelman.
As you pointed out Ian Burston and Co will fight hard to keep the project.
At $50 a tonne that puts Eio in a great position if the ore price falls back .
So maybe they could do a deal that gets the finance and lets eio keep 50% ownership .
This would all hinge on the largest share holder TGP.
Just a few points relating to the Ajaokuta steel company and why the Nigerian Government would like to see this project advance .
Employment of 10,000 workers in the plant
Employment of not less than 20,000 Nigerians in the raw materials industries providing feed-stock to the plant
Employment of not less than another 30,000 Nigerians in the industries that use the products of the plant
Conservation of foreign exchange used for importation of steel products annually
Contribution of not less than 30% of the inputs to the automotive industry in Nigeria, in the first instance