xstrata behind takeover preparation?, page-8

oslo

Answer is no - they would have drilled it, realised it didn't fit with their internal requirements (size, return) and quickly sold it or JVd it to a junior.

Majors are constantly turning over assets - just not disclosed as it doesn't meet the materiality thresholds for their disclosure.

Friedland is responsible for a number of outstanding copper discoveries - and not sure if OT is the best

His current copper project (Kamoa in the Congo held through Ivanplats) is outstanding - Indicated Resource of 789Mt @ 2.67% Cu plus an Inferred Resource of 227Mt @ 1.69% Cu