Comforting to know that the majors continue to commit large capital investments into Africa despite fears of mining nationalisation etc. China too, they are fearless with a much larger risk appetite.
Even recently, when Mick Davis presented in Canberra on 1 June 2011 during the MCA Minerals Week. Under slide 12 of the presentation, Garatau is again mentioned as one of the 5 largest growth options by output for PGM's by 2015 that is not owned by a major.
Garatau, oh Garatau. I wonder if Xstrata Alloys have completed the review of the Garatau projects. We have not heard any news since the 2010 Annual Report, for it is said that after the review completion in Q1, 2011 Xstrata will decide whether to exercise the 50% participation option it has acquired. Oh Garatau, will Anglo let you go so easily?
