Toledo - Cashflow from the world's 3rd largest Nickel Resource

Thanks dave444, I would've missed that one-

"ZURICH (AFX) - Xstrata Plc said it will exercise a option to acquire a 62.5
pct controlling stake in the Tampakan mine project in the southern Philippines
from its current owner Indophil Resources. Completion of the handover is expected March 30 2007, the group said.
Following the acquisition of Falconbridge in August this year, Xstrata is
now a major player in the global copper industry. The decision to exercise our
option to acquire a 62.5 pct controlling interest in the Tampakan Project will
further expand our position globally," the group said in a statement."


I wonder when investors will finally wake up the looming resources squeeze as more and more developing nations.......erm......well.....develop.