Expenses, page-45

KKW. Yep, that's what I was aluding to. If MIN don't go for a full takeover, then maybe they see that (the Alcoa-style financing and supply agreement) as their way to gain long-term supply.

The thing is, though, if EGO is "commercial" about this (and there is even an ounce of correct governance) then any new plant (and financing) should go to tender. What's to stop there being a bidding war between the likes of MIN and Alcoa on a new plant? (the point I am making here is that there is no iron-clad assurance that MIN would win that contract - and the only way to GUARANTEE supply is to buy the company!).