Working together in a joint venture... is always challenging. Here you're combining different cultures, political systems and both are after some prize assets.

I'm pleased for the joint venture because I was obviously a part of the organisation,

Initially, we are allocating $6 million from our budget to the joint venture.

Spinning it off kind of just gives the problems to your shareholders, and a joint venture really doesn't do much for you. The optimal plan would be to sell it and use the cash to reduce debt.

I would venture to say that it was about the political situation.

The traders are simply taking profits. They want to lock-in their gains before the inventory report comes out on Wednesday.