LKAB is government owned, and we need permit. How are we going to get the permits now? MT doesn’t seem to be so smart in terms of knowing how much bargaining power he has, now he has no more leverage. Production will need to be stopped, no funding, no permit. Mitsui is just being nice, but now that LKAB is out, Mitsui has more leverage.
Ann: Tripartite LOI Update, page-98
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