yes, sounds like a bit of a storm in a teacup, for tgs at...

yes, sounds like a bit of a storm in a teacup, for tgs at least.

all sales at mine gate under offtake agreement to trafigura of which only 17% of conc was exported in Q1. plenty of spare capacity for refining DRC. mining minister saying he will not enforce the ban. seems like almost no effect for tgs.

so, why the 10% drop in s.p.? i'm guessing punters are spooked by recent unrest in lubumbashi as well as sovereign risk demonstrated by friction between prime minister (proposing export ban) and mining minister (threatening to ignore ban). makes the gillard govt look like united team!