We need regulatory clearance which we do not expect to be a problem.

We haven't ever before seen such sharp increases in costs as over the past two years. It's more than $200 per ton. It has to do with rising energy costs, with rising alumina costs. This increase puts pressure on the weakest smelters.

We believe that the deepwater potential in the Gulf of Mexico is considerable,

I would not like to see women coming into my board where there is a clear suspicion they are there because of a legal framework and not because of their competence.

a very important step in our growth strategy.

We are primarily buying an exploration company - with huge exploration area compared to the actual production,